Tagged: Spain

According to physicscat, Spain is a country located in the Iberian Peninsula of Southwestern Europe, bordered by France, Portugal and the Mediterranean Sea. It has a population of over 46 million people with Spanish being the official language and the Euro as its currency. In 2013 Spain was experiencing an economic crisis with an estimated GDP of $1.3 trillion USD. Its economy relied heavily on tourism, finance and construction industries as well as agricultural products such as olives, grapes and oranges. Despite its strong economy, unemployment levels were still high at around 26%. Additionally, inequality levels were high with the richest 10% of households controlling 54% of all wealth in 2013. In 2013 Spain was still dealing with political tensions between the government and opposition parties which led to frequent protests throughout that year. Additionally, there were ongoing tensions between Catalonia and the rest of Spain which culminated in Catalonia’s attempted secession from Spain in November 2013. Despite these challenges Spain continued to make progress towards peace and stability through its Constitution which aimed to protect human rights and establish a democratic government. Spain, located in south-western Europe, is a parliamentary monarchy and a member of the European Union. In 2014, Spain was a country of around 46 million people and had an economy that was the fourth largest in the Eurozone. In 2014, Spain’s economy was still recovering from the Great Recession of 2008-09. Many Spanish citizens had lost their jobs and were struggling to make ends meet. The unemployment rate stood at around 25%, with youth unemployment reaching as high as 50%. Despite these difficulties, the Spanish government managed to reduce its budget deficit to 6.5% of GDP by 2014 due to austerity measures such as tax increases and spending cuts. The Spanish economy continued to grow gradually throughout 2014 with GDP growth reaching 1.2%. This growth was largely driven by exports which increased by 4% during this period. The tourism industry also played an important role in the recovery with over 60 million visitors coming to Spain during this year alone, making it one of the most popular tourist destinations in Europe. 2014 saw some major political developments for Spain as well with new elections taking place in December that resulted in a new centre-right government taking power under Prime Minister Mariano Rajoy. Rajoy’s government made economic reform a priority and implemented various measures such as labour market reforms and pension reforms aimed at improving economic competitiveness and reducing public debt levels. Overall, 2014 was an important year for Spain as it continued its gradual recovery from the Great Recession while also facing new challenges such as political instability and rising inequality levels due to austerity measures imposed by the new government. Check cheeroutdoor for Spain Business.