Modern Spain has a free market economy. Spain is further part of the European Monetary Zone, thus its currency is regulated through the European Central Bank. Spain, as in all countries comprising the European Union are also free market economies.
At this moment, it looks pretty bad.
Unemployment: extremely high at 20% (1 in 5 people)
GDP:
In 2009, there was a decline in GDP (3.7%) making it 1.354 trillian USD
GDP per capita also decreased in 2009, from $30700 - $29300
20% of the poverty is under the poverty line.
The economy is based almost entirely on service sector (71.7%)
the public debt as of 2009 is 53.2% of GDP.
During 2009, there was a slight deflation of -0.3 a decline from previous year's 4.3% inflation.
Moreover, apart from all those statistics, Spain is currently in a banking crisis where the smal "kafkas" are on the verge of bankrupt.
mixed economy no deifnitly command i know it it is a command economy i heard from a smart friend.
mixed economy
I think that spains economy is good
No, command economy
what is the cause of the spanish economy declined and at times spain was bankrupt
Spain's economy didn't benefit from the gold and silver from the Americas because although it did make Spain wealthy for some time, it caused the value of their money to drop and as the demand of physical elements increased, so did prices (inflation) causing Spain's economy to fail
Spain has a mixed economy, much like the US
Spain has a "Mixed Capitlalist Economy"
Spain has a "Mixed Capitlalist Economy"
our economy under Spain
The Philippines have not been 'under' Spain for more than 100 years.
mixed economy
I think that spains economy is good
No, command economy
Spain has a mixed capitalist economy.
yes
either a housing market economy or a modern economy. not sure which one!
beacuse spanish comes from Spain