Talk:Economy of Spain

From Wikipedia, the free encyclopedia
Jump to: navigation, search
WikiProject Spain (Rated C-class, Top-importance)
WikiProject icon This article is within the scope of WikiProject Spain, a collaborative effort to improve the coverage of Spain on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.
C-Class article C  This article has been rated as C-Class on the project's quality scale.
 Top  This article has been rated as Top-importance on the project's importance scale.
WikiProject Economics (Rated C-class, Mid-importance)
WikiProject icon This article is within the scope of WikiProject Economics, a collaborative effort to improve the coverage of Economics on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.
C-Class article C  This article has been rated as C-Class on the project's quality scale.
 Mid  This article has been rated as Mid-importance on the project's importance scale.

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 (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): — Preceding unsigned comment added by (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)

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


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]

Nuvola apps important.svg

Image:€2 commemorative coin Spain 2007 TOR.jpg is being used on this article. I notice the image page specifies that the image is being used under fair use but there is no explanation or rationale as to why its use in this Wikipedia article constitutes fair use. In addition to the boilerplate fair use template, you must also write out on the image description page a specific explanation or rationale for why using this image in each article is consistent with fair use.

Please go to the image description page and edit it to include a fair use rationale. Using one of the templates at Wikipedia:Fair use rationale guideline is an easy way to insure that your image is in compliance with Wikipedia policy, but remember that you must complete the template. Do not simply insert a blank template on an image page.

If there is other fair use media, consider checking that you have specified the fair use rationale on the other images used on this page. Note that any fair use images uploaded after 4 May, 2006, and lacking such an explanation will be deleted one week after they have been uploaded, as described on criteria for speedy deletion. If you have any questions please ask them at the Media copyright questions page. Thank you.

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 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 (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 (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 (talk) 19:53, 14 July 2008 (UTC)


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 (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.


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)-- (talk) 06:30, 27 July 2009 (UTC)


Turkey and Spain have same Rank = 16th (PPP) bye. 13:42, 23 November 2014 (UTC)