Location: Southwestern Europe, bordering the Bay of Biscay, Mediterranean Sea, North Atlantic Ocean, and Pyrenees Mountains, southwest of France
Population: 46,507,800 (2014 est.)
Land Area: 505,925 km2
Capital: Madrid
Main cities: Barcelona, Valencia, Seville
Languages: Castilian Spanish (official nationwide)
GDP: $1.39863 trillion (2013 est.)
Monetary unit: Euro (formerly peseta)
Exports: $222.1 billion f.o.b. (2006 est.)
Exports - commodities: machinery, motor vehicles; foodstuffs, pharmaceuticals, medicines, other consumer goods
Exports - partners: France 18.9%, Germany 11%, Portugal 8.9%, Italy 8.6%, UK 7.8%, US 4.5% (2006)
Imports: $324.4 billion f.o.b. (2006 est.)
Imports - commodities: machinery and equipment, fuels, chemicals, semifinished goods, foodstuffs, consumer goods, measuring and medical control instruments
Imports - partners: Germany 14.7%, France 13.2%, Italy 8.1%, UK 5%, Netherlands 4.8%, China 4.8% (2006)
Land use:
arable land: 27.18%
permanent crops: 9.85%
other: 62.97% (2005)
Natural resources: coal, lignite, iron ore, copper, lead, zinc, uranium, tungsten, mercury, pyrites, magnesite, fluorspar, gypsum, sepiolite, kaolin, potash, hydropower, arable land
Economy Overview
Spain is a medium developed capitalism industrialized country in the world. It belongs to the developed market economy. The GDP is situated in the front of the European countries. Its manufacturing industry and tourism are developed.
The Spanish banking system is considered solid, thanks in part to conservative oversight by the European Central Bank, and government intervention to rescue banks on the scale seen elsewhere in
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