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The 142 m Torre de Madrid, built in 1957, heralded the "Spanish Miracle".. The Spanish miracle (Spanish: el milagro español) refers to a period of exceptionally rapid development and growth across all major areas of economic activity in Spain during the latter part of the Francoist regime, 1959 to 1974, [1] in which GDP averaged a 6.5 percent growth rate per year, [2] and was itself part of a ...
The economy of Spain is a highly developed social market economy. [32] It is the world's 14th largest by nominal GDP and the sixth-largest in Europe.Spain is a member of the European Union and the eurozone, as well as the Organization for Economic Co-operation and Development and the World Trade Organization.
Despite the fact that the Spanish economy in this period had obtained cheap inputs from the colonization process which provided different advantages, it had not led to sustainable economic growth. At the first steps flows of capital and investment unions between nobles and successful merchants provide a development of Spanish cities.
A version of this post first appeared on TKer.co. Stocks closed higher last week with the S&P 500 gaining 2.3%. The index is now up 15.9% year to date, up 24.4% from its October 12 closing low of ...
The construction sector, contributing 6.5% to the city's economy in 2010, [4]: 265 was a growing sector before the recession, aided by a large transport and infrastructure program. More recently the construction sector has fallen away and earned 8% less in 2009 than it had been in 2000.
The subsequent loss of rural manpower had a far-reaching effect on both agricultural prices and wage levels and, as a consequence, on the composition of Spanish agriculture. [2] Spain's economic transformation in the 1960s and in the first half of the 1970s caused tremendous outmigration from rural areas. [2]
That phenomenon may be partially reflected in current economic data: Despite an overall slowing of economic growth, the unemployment rate has remained at multi-year lows, and is currently just 3.6 ...
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