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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

Albarracin

From the series “Nooks and Villages That Are More Colorful Than Top Touristic Destinations”
There is an amazing place in Spain where, as nowhere else, you can feel the true spirit of the country. That’s the ancient town of Albarracin. It gained its current name in the 9th century. Stone paved streets, buildings with a long history and unique 18-kilometer aqueduct that was built in the era of the Roman Empire remind about its saturated past. This town is ideal for hiking. It features enchanting natural surroundings embracing numerous beautiful rivers and spacious meadows.

Albarracin is a real find for fans of historical sights. Here, you can see well-preserved ramparts, as well as churches and homes of local residents, which were built as far back as the early Middle Ages. The town is home to slightly more than 1 000 people. The place is famous for its very measured and calm … Read all
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IHG Brings Its voco Brand to Scotland

IHG Hotels & Resorts has announced the debut of the voco Hotels brand in Scotland. The company will open a hotel in Edinburg and a hotel in Glasgow under the emerging brand. Known as a popular choice for short city breaks, IHG tries to open new hotels in strategic places. Edinburgh and Glasgow are famous for their beauty and landmarks, attracting both domestic and international tourists so it was a matter of time that a voco hotel would appear there. Read this

18.05.2021

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 are available. Numerous nice cafes and restaurants are located nearby. In Barcelona, there are several chic shopping centers. For many years L'Illa Diagonal remains the most popular … 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. There are more than 35,000 trading outlets in total on the market. They sell modern clothes, shoes, accessories and jewelry to fit any taste. The abundance of antiquity outlets is … 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 bookstore in Seville, La Casa del Libro, also promises to be an exciting one. The giant store offers rare gift sets, popular books and best sellers at affordable prices, and many … 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 Levante beach, there are some popular shopping streets full of designer clothing shops and souvenir stores. On the nearest Tuesday you should go to the market located in the Altea … 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, guidebooks and other common accessories. If that's not enough, come by Warabi store, the owner of which serves customers herself. Many popular souvenirs can be bought here at the most … 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 several restaurants and cafes. This complex is very popular with young people, as well, it has shops with fashionable modern clothes and accessories. While resting in Valencia, be … Read more
Lloret de Mar
Modern women of fashion should spend a few hours walking around a Mango store. A large boutique of this world-famous brand is open in Lloret de Mar. Here, ladies enjoy a wide choice of blouses, skirts, dresses, hats, and all kinds of accessories. This store is also aimed at customers with different income levels. It is quite possible to pick up stylish clothes for 10-12 euros, while the cost of some items reaches 150-200 euros. One of the best women's shoe stores in town is Marypaz. Here … Read more
Puerto del Carmen
Some tourists, getting to Lanzarote, buy household appliances and electronics here. Prices for all such products in Puerto del Carmen, as in other cities of the island, are slightly lower than in Europe. This is due to the absence of duties and taxes. You should keep in mind that you can only buy expensive products in large stores here. Buying the product directly from the manufacturer will be an ideal option. Otherwise, the risk of buying a fake designed for tourists is high. If you decide to … Read more

Spain: map of shopping spots

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