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The economy of Spain is a highly developed social market economy. [ 29] It is the world's 15th 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.
With the war devastation and trade isolation, Spain was much more economically backward in the 1940s than it had been a decade earlier. Inflation soared, economic reconstruction faltered, food was scarce, and, in some years, Spain registered negative growth rates.
The 2008–2014 Spanish financial crisis, also known as the Great Recession in Spain [1] [2] or the Great Spanish Depression, began in 2008 during the world 2007–2008 financial crisis. In 2012, it made Spain a late participant in the European sovereign debt crisis when the country was unable to bail out its financial sector and had to apply ...
The disconnect lies in the way that energy prices are built into the headline Spanish inflation figure - a statistical quirk with real-economy consequences because of Spain's widespread indexation ...
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 much longer period of ...
according to International Monetary Fund estimates [n 1] [1] Countries by estimated nominal GDP in 2024. [n 2] > $20 trillion. $10–20 trillion. $5–10 trillion. $1–5 trillion. $750 billion – $1 trillion. $500–750 billion. $250–500 billion.
The economy of Spain between 1939 and 1959, usually called the Autarchy ( Spanish: Autarquía ), the First Francoism ( Spanish: Primer Franquismo) or simply the post-war ( Spanish: Posguerra) was a period of the economic history of Spain marked by international isolation and the attempted implementation of national syndicalist economic policies ...
It is the second largest economy in the world in nominal terms, after the United States, and the third largest at purchasing power parity (PPP), after China and the US. The European Union's GDP is estimated to be $19.35 trillion (nominal) in 2024 [ 7] or $26.64 trillion (PPP), representing around one-sixth of the global economy. [ 30]