Where does Spain rank in the world by GDP?

fourteenth-largest
The economy of Spain is the world’s fourteenth-largest by nominal GDP as well as one of the largest in the world by purchasing power parity. The country is a member of the European Union, the Organization for Economic Co-operation and Development and the World Trade Organization.

What is the national GDP of Spain?

It is an important indicator of the economic strength of a country. In 2020, the GDP in Spain was around 1.28 trillion U.S. dollars.

What is Spain’s GDP in 2021?

1360.00 USD Billion
GDP in Spain is expected to reach 1360.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain GDP is projected to trend around 1450.00 USD Billion in 2022 and 1510.00 USD Billion in 2023, according to our econometric models.

Is Spain richer than UK?

make 15.4% more money Spain has a GDP per capita of $38,400 as of 2017, while in United Kingdom, the GDP per capita is $44,300 as of 2017.

Is Spain richer than Italy?

For the first time, stats show Spain has a higher GDP (PPP) per capita, but Eurostat data says otherwise. For the first time, Spain has overtaken Italy in terms of GDP per capita based on purchasing power parity (PPP), according to figures released on Thursday by the International Monetary Fund (IMF).

What contributes to GDP in Spain?

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Spain from 2010 to 2020. In 2020, agriculture contributed around 3.16 percent to the GDP of Spain, 20.58 percent came from the industry and 67.54 percent from the service sector.

What type of economy is Spain?

mixed capitalist economy
Spain has a mixed capitalist economy in which there is a variety of private freedom, combined with centralized economic planning and government regulation. Spain is a member of the European Union (EU).

Is Spain or France bigger?

France is around the same size as Spain. Spain is approximately 505,370 sq km, while France is approximately 551,500 sq km, making France 9% larger than Spain. Meanwhile, the population of Spain is ~50.0 million people (17.8 million more people live in France). Spain using our country comparison tool.

Is Spain a poor country?

Over one-quarter (26.6 percent) of the Spanish population is at risk of poverty or social exclusion as of 2017. These results do also show, however, that this number has fallen from a peak of 29.4 percent in 2014. Spain has the highest youth poverty rate (. 221) in Western Europe.

What was the GDP of Spain in 2019?

The Gross Domestic Product (GDP) in Spain was worth 1394.12 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Spain represents 1.16 percent of the world economy.

How big is the economy of Spain in dollars?

Spain GDP The Gross Domestic Product (GDP) in Spain was worth 1281.20 billion US dollars in 2020, according to official data from the World Bank and projections from Trading Economics. The GDP value of Spain represents 1.12 percent of the world economy. source: World Bank 10Y

What makes up the gross domestic product of Spain?

Spain GDP. The gross domestic product (GDP) measures of national income and output for a given country’s economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.

When was the last time Spain had a GDP?

Spain GDP – values, historical data and charts – was last updated on July of 2021. GDP in Spain is expected to reach 1280.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations.