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Spain

National economy of Spain - industries, GDP and prosperity level

Modernista Beach House The economy of Spain is ranked fifth place among all the countries of the European Union by nominal GDP. On the world arena, the country’s economy occupies a stable 12th position. It is worth noting that the country’s purchasing power is one of the strongest in the world. The economy of the country was especially developed, thanks to the sectors of medium technological level, among which are its automobile industry, the production of audio-visual equipment, industrial machinery and equipment, and products of the chemical and cosmetic industries. However, the statistics of one of the analytical companies shows that among the hundred most recognized global brands, there is not a single Spanish. Leaders of the domestic industry are the producers of the wine “Freixenet”, Chupa Chups, the energy company Repsol, the brand Zara, and the hotel chain “Sol Mella”.
Spain is a democratic parliamentary state. There is a clear separation of the legislative, executive and judicial arms. The head of state is the King …
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About 2.5% of the country’s total population is engaged in agriculture. The main focus is on growing grapes for wine, citrus, olives (for conservation and production of olive oil). About 20% of the entire crop area has wheat cultivated on it and 60%, vegetables. On the rest of the territory is cultivated rice, almonds and tobacco. Spain also has a huge fishing fleet which is considered the largest in Europe. The country holds a leading position in the top ten countries for the extraction and processing of seafood and fish. Livestock breeding is also developing successfully. The annual production of cars, spare parts and accessories is 49 billion Euros, which is about 6% of the country’s total GDP. It is worth noting that the country ranks first in the world market for the production of commercial vehicles.
In terms of the number of tourists coming to the country, Spain ranks second in Europe, immediately after France. At the same time, inflation has in recent years caused a decline in tourism activity by 17%. Catalonia, the Balearic, and Canary Islands enjoy the highest demand of tourist activity in the country. On average, tourism gives the state about 80 billion Euros a year. About one and a half million locals are employed in this industry. At the state level, there is active support for the development of beach recreation. The banking system of Spain is highly valued in Europe. The amount of foreign exchange reserves is about 14 billion Euros. There is a high concentration of bank capital, but only a little more than 350 credit institutions can be found. The most expensive financial assets are the group “Banco Santander Central Hispano”. Copyright www.orangesmile.com
Spain is a secular state such that religion in the country has no influence on public administration and vice versa. About 75% of its population …
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Machine-tool construction in Spain also makes a significant contribution to the economy. Most of its production is geared towards exportation. Thus, Spanish machines and industrial equipment are supplied to more than a hundred countries around the world. Over a century ago, metallurgical activity began to develop in Spain. The main assets are located in the northern regions where there are large deposits of iron ore and coal. Non-ferrous metallurgy is focused on the extraction of lead and zinc. One third of the world’s mercury is produced in Spain. Also, there is located the largest deposits of pyrite. The energy sector is directly dependent on imports. The amount of domestic oil can only meet 7% of the country’s needs. At the same time, the majority of Fuel and Energy Complex works on oil and gas (approximately 68%). This state of affairs gave the country an impetus for the development of wind power. Spain’s share of wind power is about 10% of the total world’s volume. The state plans to build about two thousand mega watt of new wind farm.
Es Mirador @ Formentera The labor market in Spain is one of the toughest in Europe. After labor reform was carried out in 2010, the dismissal procedure became simpler. The amount of severance pay was reduced by one-third, and the average wage was no longer defined. Now it directly depends on the degree of qualification of the employee, on the position held and on the capabilities of the organization in which the person works. To date, the level of official unemployment does not fall below 10%. The fight against this indicator is directly related to education. According to statistics, out of five million unemployed, about two million have no special training. The average wage is about 27,000 Euros per year, taxes inclusive. The GDP as of last year is 1,352 billion dollars, while the national debt per capita of Spain is just over 34 thousand dollars.
Spain guide chapters 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Fantastic City Tours and Excursions in Spain

Uniques sights in Spain

Waterfront in Barcelona

From the series “The Most Beautiful Waterfronts and Embankments”
25 years ago, instead of the picturesque embankment in Barcelona, there was a noisy port and tens of warehouses. Thanks to the 1992 Summer Olympic Games this embankment was renovated. At first, it was decided to demolish the loading port. For several months the port district was changed into a luxurious place. There were built a number of 5-star hotels, made landscape gardens, opened restaurants and bars.

Today you can see special roads as for pedestrians, also for cyclists. The Toronto Central Waterfront is the best place for walks. Tourists have a great number of recreations at the embankment. The main sightseeing of these places is the Rambla del Mar Bridge. It opens for yachts. Tourists like this performance, they come at the embankment to see it. Those, who love unusual landmarks, ... Read all
All unique sightseeing Spain
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Map of regions Map of regions in Spain
Map of sights Map of sights in Spain
Map of relief Relief map of Spain

European Hotels Post Poor Results of November 2020

The impact of the second lockdown was severe for hotels across Europe. They had even weaker performance than in October, losing all hopes for at least some revenues during the tough pandemic year. In November 2020, the occupancy was only 21.3%, which is 70.4% below the result of November 2019. The average daily rate (ADR) fell to 72.42 euro (a decrease of 32.3% year-on-year). Finally, the revenue per available room (RevPAR) had even a higher drop of 81.2% year-on-year to 14.42 euro. Read this

16.01.2021

Spain by photo artists

Microeconomics of Spain cities - shopping

Barcelona
La Rambla street will provide weight of pleasant experience. Here, is one of the largest and most interesting souvenir markets in the city, where you can buy handmade crafts and antiques. In a warm season you will always meet artists on this street. For those interested, beautiful paintings or portraits of their own … Read more
Madrid
The biggest market in Europe, El Rastro, is also open in Madrid. You will need more than one day to see all items sold on this market. The market is open in the territory of an Old Town. Both locals and guests of Madrid visit this market in order to find inexpensive clothes and interesting gifts for friends and family. … Read more
Sevilla
Collectors and fans of unusual souvenirs never forget to visit Poster Felix during their stay in Seville. This shop offers lovely posters in the national style. There are both new and rare old posters, as well as posters of different size. Many travelers visit Poster Felix as a picture gallery. A visit to the largest … Read more
Benidorm
Ladies should definitely visit the shopping district, located near Levante beach. Here, is a network of popular jewelry stores, where you can choose great jewellery at a reasonable price. All the jewellery presented in the shops are of excellent quality. Local shopping pavilions are largely focused on tourists. Near … Read more
Granada
Attend La Ventana store to purchase bright souvenirs. The store is located on one of the main squares of the city. Despite the location in a popular tourist area, it does not cease to please buyers with affordable prices. Here, you'll find incredibly beautiful postcards, traditional mugs, notebooks, T-shirts, … Read more
Valencia
El Corte Ingles will turn one of the most interesting shopping centers for ladies. On the ground floor, are shopping pavilions with cosmetics and perfumery, the above floors are full of clothing and underwear stores, there are some specialized shops with goods for children, as well. On the top floor, you'll find … Read more

Spain: map of shopping spots

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