What is the economy like in Spain?

Answer 1

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.

Answer 2

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.

Answer 3

mixed economy no deifnitly command i know it it is a command economy i heard from a smart friend.