Home    About

Economy of Spain

Population: 47 million in 20131

GDP: $1.36 trillion in 20132

GDP per capita: $29,863 nominal3 ($32,103 PPP4) in 2013

GDP growth rate: 1.4% in 20145


GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities56142.1%
Wholesale, retail trade, restaurants and hotels27920.9%
Transport, storage and communication1057.9%
Mining and utilities513.8%
Agriculture, hunting, forestry, fishing332.5%
Total value added1,334100%


Unemployment rate: 26.6% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair of motor vehicles2,84716.6%
Human health and social work1,3668.0%
Accommodation and food service1,3337.8%
Public administration and defence1,2777.5%
Administrative and support service8835.2%
Professional, scientific and technical8374.9%
Transportation and storage8324.9%
Agriculture, forestry and fishing7374.3%
Activities of households as employers6703.9%
Information and communication5233.1%
Finance and insurance4542.6%
Other service4202.4%
Arts, entertainment and recreation3161.8%
Water supply, sewerage and waste management1280.7%
Real estate920.5%
Electricity, gas, steam and air conditioning790.5%
Mining and quarrying300.2%
Extraterritorial organizations and bodies70.0%
Total employment17,139100%


Top 8 Corporations by Revenue 2013* 9

RankCorporationRevenue ($ billions) 2013Profit ($ billions) 2013Assets ($ billions) 12/31/13Industry
1Banco Santander845.01,313Finance
4Groupo ACS450.847Construction
5Banco Bilbao Vizcaya Argentina422.5686Finance
7Gas Natural Fenosa291.753Energy
8Mapfre Group250.967Finance

* Corporate data calculated using the exchange rate .8482 EUR = 1 USD


Household Wealth: $5.03 trillion (370% of GDP) in 201410

Household Wealth per Adult: $134,824 in 201410

Gini Coefficient: .358 in 201011


Central Government

Central Government Revenue: $505 billion (37% of GDP) in 201312

Central Government Expenditure: $597 billion (44% of GDP) in 201312

Central Government Budget Balance: -$92 billion (-7% of GDP) in 201312

Central Government Public Debt: $1.08 trillion (79% of GDP) in Q2 2014* 13

Central Government 10 Year Bond Interest Rate: 1.72% on Jan 11, 201514

* Public debt calculated with the exchange rate .8482 EUR = 1 USD

Public Funds


Tax Structure

Personal Income Tax Rates and Thresholds in 2013* 15

Corporate Tax Rate: 30% in 201416

* Thresholds calcuated with the exchange rate .8482 EUR = 1 USD

Monetary Policy

Monetary Base (Euro area, M1): $6.85 trillion in Nov 2014* 17

Benchmark Interest Rate (Euro area): 0.05% in Sept 201418

Total Reserves: $46 billion (3% of GDP) in 201319

Exchange Rate: .8482 Euros = 1 U.S. Dollar on Jan 12, 201520

Inflation: 1.4% in 201321

* Money supply calcuated with the exchange rate .8482 EUR = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201322

RankFinancial InstitutionAssets ($ billions) 6/30/12*
1Banco Santander1,524
6Banco Popular186
9Catalunya Banc92

* Assets calcuated with the exchange rate .8482 EUR = 1 USD

International Accounts

Exports: $458 billion (34% of GDP) in 201323

Imports: $431 billion (32% of GDP) in 201323

Trade Balance: +$27 billion (+2% of GDP) in 201323

Foreign Direct Investment Inflow: $39 billion (3% of GDP) in 201324

Foreign Direct Investment Outflow: $26 billion (2% of GDP) in 201324

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $2.4 billion (0.2% of GDP) in 201325


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: IMF World Economic Outlook (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: World Bank Indicators (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: OECD Stat Extracts, National Accounts, Quarterly Public Sector Debt (Public debt) Go back
14. Source: Bloomberg (Government bond yield) Go back
15. Source: OECD Stat Extracts, Public Sector, Tax Database (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: ECB Monetary developments (Money supply) Go back
18. Source: ECB Key interest rates (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: OECD FDI in Figures (FDI data) Go back
25. Source: OECD Aid Statisitcs (Aid outflow) Go back