Talk:Economy of Spain

Library of Congress

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

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

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

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

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BetacommandBot 02:37, 6 September 2007 (UTC)

editting table

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

The 8th largest economy

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?

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)

Q

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)