Talk:Economy of Spain

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Change in unemployment?[edit]

"However, the harsh measures of the government seem to show results, when statistics of May 2012, show a slight reduction in unemployment by the second consecutive month" This statement is ridiculous (and has grammatical mistakes), the reduction was very small, and a slight reduction in early Summer has been common even in the worst years of the economic crisis; it means nothing. — Preceding unsigned comment added by 2.136.159.202 (talk) 23:02, 17 June 2012 (UTC)

Agreed, it is a ridiculous statement which has the sole purpose of mindlessly praising the current government. Unemployment often goes down in April, and indeed, the reduction has been valued negatively in the local press. In the preceding year, 2011, unemployment reduction in April was ten times higher. Obviously the person writing that has some explaining to do. Source (in Spanish): http://economia.elpais.com/economia/2012/05/04/actualidad/1336116659_346105.html. — Preceding unsigned comment added by 81.33.129.137 (talk) 09:47, 19 June 2012 (UTC)

Library of Congress[edit]

The following is from the [Library of Congress Country Studies]. — Miguel 17:34, 2004 May 16 (UTC)

Spain
ECONOMY
Gross Domestic Product (GDP): US$340.1 billion in 1988 (US$8,702 per capita). Economy stagnant during late 1970s and first half of the 1980s, but real gross domestic product (GDP--see Glossary) growth averaged 3.3 percent in 1986 and 5.5 percent in 1987, roughly double the West European rate.
Agriculture: Made up about 5 percent of GDP in 1988 and employed about 15 percent of population. Very important producer of citrus fruits, olive oil, vegetables, and wine. Agricultural products made up more than 15 percent of country's exports. Productive and modern farming along southern and eastern coasts able to meet foreign competition. Small antiquated farms of northwestern region threatened by Spain's membership in European Community (EC--see Glossary).
Industry: Made up about 30 percent of GDP and employed about one-third of work force in late 1980s. Consisted of unprofitable heavy industry segment, mainly government-owned, and profitable chemical and manufacturing components that accounted for most of Spain's exports.
Services: Accounted for about half of GDP in 1988. Tourism vital to the economy, and it alone made up about a tenth of GDP. In 1987 more than 50 million foreign tourists visited Spain.

~Imports: US$49.1 billion in 1987. Because of a surging economy, approximately one-fourth of this amount consisted of capital goods and about one-fifth of consumer goods. Fuels made up approximately one-sixth.

Exports: US$34.2 billion in 1987. Raw materials, chemicals, and unfinished goods made up about one-third of this amount, as did non-food consumer goods, most notably cars and trucks. Agricultural products and wine supplied about one-sixth of total exports.
Major Trade Partners: In 1987 63.8 percent of Spain's exports went to the EC, which it supplied Spain with 54.6 of its imports. France was single biggest buyer of Spanish exports, taking 18.9 percent in 1987. Federal Republic of Germany (West Germany) most important exporter to Spain, supplying 16.1 percent that year. United States accounted, respectively, for 8.3 and 8.1 of Spain's imports and exports.
Balance of Payments: Spain without a positive merchandise balance since 1960. However, large earnings from tourism and remittances from Spaniards working abroad guaranteed a positive current account balance up through 1987.
General Economic Conditions: Strong growth since mid-1980s and controlled inflation made Spain's economy one of Western Europe's healthiest. Full membership in EC posed a threat for weaker sectors of the economy, both industrial and agricultural. Spain had long had Western Europe's highest unemployment rate, more than 20 percent.
Exchange Rate: In March 1988, 113.49 pesetas (see Glossary) to US$1.
Fiscal year: Calendar year.
Data as of December 1988


Real State market[edit]

I would suggest expanding the effects caused by the situation of the real state market in Spain. This bas led to a disastrous situation in many places, and the reduction in the average purchasing power

GDP[edit]

I have updated GDP and GDP growth rates using information from the International Monetary Fund. --JDnCoke 18:49, 22 September 2005 (UTC)



Peer review requested for Madrid article[edit]

A Peer review has been requested for Madrid, the article about the capital city of Spain. Please feel free to edit the Madrid article to improve it and/or leave a comment at Wikipedia:Peer_review#Madrid. EspanaViva 19:04, 7 March 2007 (UTC)

Fair use rationale for Image:€2 commemorative coin Spain 2007 TOR.jpg[edit]

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BetacommandBot 02:37, 6 September 2007 (UTC)

editting table[edit]

Sorry for the less than smart question, but...where's the "edit" button in this table? I'm ready to update indicators with newer figures, but I just can't find how to edit it

{{Economy of Spain table}}

The 8th largest economy[edit]

According to List of countries by GDP (nominal) CIA states that Spanish economy is the 8th largest. Since the link from the work bank is dating from 2006 I will change the sorcce to the CIA, which being from 2007, is more recent. --Arcillaroja (talk) 23:13, 22 May 2008 (UTC)

And at PPP (Purchasing Power Parity) Spain is 11th, not 13th...as you can see from the link. IMF, CIA and World Bank place Spain in the 11th place at PPP and 8th at nominal prices. —Preceding unsigned comment added by 83.35.181.41 (talk) 16:09, 14 July 2008 (UTC)

It is also interesting to underline that Spain´s per capita income is similar to Japan´s and also that Spain´s National Debt is just 35% of GDP compared to 47% in the United Kingdom, 65% in Germany and USA, 109% in Italy and an staggering 180% in Japan. —Preceding unsigned comment added by 83.35.181.41 (talk) 16:15, 14 July 2008 (UTC)

Eurostat recently published the first gdp per capita estimates for 2007 for the EU-27. Spain stood at 107% of the level, well above Italy who was still above the average (101%), and catching up with countries like France (111%). —Preceding unsigned comment added by 129.217.129.130 (talk) 19:53, 14 July 2008 (UTC)

Surpass?[edit]

Eurostat: Spain 107, Italy 101
CIA/IMF/World Bank: Italy 35000 $, Spain 32000 $
IMHO American estimates are more reliable. Spain is growing faster than Italy, but I believe that the overclaimed surpass will happen in 5/10 years, not so immediately. --Chargin' Chuck (talk) 21:02, 9 September 2008 (UTC)

Apparently, Spain has surpassed Italy in some counts, whereas using other important criteria, Italy is above. Probably stating that it has surpassed Italy is kinda premature, even though it could be confirmed in most counts rather sooner than later, for recession is likely to be even deeper in Italy than the one coming in Spain. Mountolive deny, deflect, detonate 20:26, 10 September 2008 (UTC)


Depending on whether you use GDP per capita or GDP per capita using PPP the figures for Spain and Italy difer. So for PPP IMF/WB and CIA all agree that Spain has surpassed Italy in per capita basis and when we look at GDP without PPP only IMF still puts Italy ahead of Spain. With Spain growing just 1.2% in 2008 and Italy down 1% in the same year it looks like the surpass comment seems correct 86.43.161.1 (talk) 22:07, 20 April 2009 (UTC)

These comparisons between Italy and Spain are meaningless as the differences between areas within both countries are large. The advanced regions of both are among Europes most developed, but the poor southern regions of both are also among western Europe's poorest. Both countries also have unusually large black economies, so the official figures are undependable.

Q[edit]

Can anyone who watches this page direct me to a relatively brief, in English, but authoritative account of when, how and why the Mesta collapsed? Thanks, Slrubenstein | Talk 00:54, 11 October 2008 (UTC)

References to Aznar[edit]

It might or might not be true that the right-wing Aznar government boosted the Spanish Economy with its policies of marketisation and de-regulation. But it owed any ability to enact economic policy on the political stability inherited from the socialist government of Felipe Gonzales and, indeed, the more enlightened conservative politicians who took up the baton after Franco. No credit is given to these governments in the article.I find the references to Aznar a little bit partisan. They need citations, and some re-balancing. It can also be argued that 'de-regulation' was more judiciously applied in Spain than in other western countries, especially with respect to to the financial sector (although not in relation to property speculation and planning laws) so that in 2008/9 there was recession and a property crash, but the banks avoided the worst excesses of their contemporaries in the UK and USA.Locospotter (talk) 21:50, 5 March 2009 (UTC) Totally agree. It should be changed.

Spanish companies in the Fortune 500 magazine[edit]

There are 12 Spanish corporations in the Fortune´s list about the 500 largest World corporations. That is more than Italy (10 companies), Australia (9 companies)or Russia (8 companies)--88.18.148.161 (talk) 06:30, 27 July 2009 (UTC)