SPAIN

Briana, Robert, Molly, Brett

Economy

• Gross Domestic Product: $1.556 trillion

• Annual growth rate: 1.3%.

• Per capita GDP: $33,100

• Average exchange rate 0.680 Euros=U.S.$1.

Economic System

•In the past, Spain had a very rural and agricultural

economy but has transformed because of the industrial

market and growth of their economy

•They are now a mixed economy because it has both

agricultural and industrial

•This means that Spain’s economy grew because of an

increase in job employment

•On the downside to this, Spain has made little productivity

gain and inflation is at a high of 4.1% and they are now

currently in recession as of the end of 2008

Continued…

• Spain's mixed economy supports a GDP that on a per

capita basis is becoming one of the largest west

European economies

•Industrial production continues to be the driving force

behind the Spanish economy, although in recent years

the service sector has gained importance

•Things such as data processing and shipbuilding are

important for the industries, but automobiles are still

the main exported item in Spain

•At the same time, investing, increased agricultural

exports, and construction are rapidly increasing

Timeline of Spain

•1100 BC. - Phoenician traders establish a colony at

Cádiz in southern Iberia which is later known as Spain

•1492. - Jews are forced to convert to Christianity; those

who refuse are expelled from Spain.

•1702-14 - War of Spanish Succession, the Bourbon

dynasty takes over

•1898- Five month long war with the United States, Spain

loses Cuba, Guam, and Puerto Rico

•1931 - Spain becomes a Republic

•1936-39 – Francisco Franco becomes victorious in

Spanish Civil War, dictatorship is also established

Continued…

1975 – Ruler Franco dies and Juan Carlos de

Borbon is declared king, also Spain becomes a

constitutional monarchy

1978 – Spain gets a revamped constitution and

establishes a parliamentary monarchy

1981 – Military Coup FAILS!

1982 – Spain joins NATO

1996 – Jose Maria Aznar becomes prime

minister

2002 – All currency replaced by Euro

2005 – Madrid car bombing kills 40

Products

• Primary Products: Almonds, Cereals, Coal, Cork, Copper, Cotton, Fruit, Fish, Grapes, Iron, Lead, Lignite, Mercury, Olives, Sugar Cane, Timber, Tin,

Tobacco, Tungsten, Vegetables, Zinc.

Industries

• Primary Industries: textiles and apparel food and beverages, metals and metal manufactures, chemicals, shipbuilding, automobiles, machine tools, tourism, clay and refractory products, footwear, pharmaceuticals, medical equipment

Spain's Impact on the World

• A Prime example of how Spain impacts others is SIEF

• The Spanish Trust Fund for Impact Evaluation (SIEF) is the largest trust

fund ever established in the World Bank

• This programs goal is to improve human development outcome

• Its important because it scales up its own development assistance, which

therefore improves aid effectiveness and promotes results, it manages in

its own agencies and partners with developing countries to help them out

Continued…• TOURISM TOURISM TOURISM!!!

• Spain the third most popular travel destination in Europe

• Numerous things go into affect because of tourism examples include:

accommodation, restaurants and bars, transportation, goods and others

• That all leads back to factors of production because the more one country

has of something the less another country has and this comes into play

because of natural resources, energy, and materials

Works Cited• Atlapedia. 2008. < http://www.atlapedia.com/online/countries/spain.htm >.• Bank of Ireland. 2004.

http://www.bankofireland.ie/html/gws/includes/business/pdfs/spain.pdf .• Encyclopedia of the Nations. 2008. <

http://www.nationsencyclopedia.com/economies/Europe/Spain-OVERVIEW-OF-ECONOMY.html>.

• Povery Net. 2009. < http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTPOVERTY/EXTISPMA/0,,contentMDK:21419502~menuPK:384336~pagePK:148956~piPK:216618~theSitePK:384329,00.html>.

• Spanish-Info.com. 2006. < http://www.spain-info.com/History/timeline.htm >.

• The World Factbook. 2009. https://www.cia.gov/library/publications/the-world-factbook/print/sp.html .

Works Cited..• U.S. Department of State. 2008.

http://www.state.gov/r/pa/ei/bgn/2878.htm.

• World 66. 2007. http://www.world66.com/europe/spain/economy.

• World Atlas Travel. 2009. <• http://www.worldatlas.com/webimage/countrys/europe/estimeln.htm

>.

• Tourism Satellite Account. 2002. < http://www.ine.es/en/revistas/cifraine/cifrasine_satelit_en.pdf>.