Castilian Spanish, Catalan, the Balearic Islands, and the Valencian Community) 17, Galician, Basque, Aranese, 000 speakers
Economic Overview
Key economic indicators for Spain
GDP:
$2.279 trillion
GDP per Capita:
$47,100
GDP Growth:
2.68%
Inflation:
3.53%
Unemployment:
12.14%
Public Debt:
109.22% of GDP
Credit Rating:
A (2019)
Political System
Governance structure of Spain
Government Type:
parliamentary constitutional monarchy
Head of State:
King FELIPE VI (since 19 June 2014)
Head of Government:
President of the Government of Spain (prime minister-equivalent) Pedro SANCHEZ PEREZ-CASTEJON (since 2 June 2018)
Judiciary:
Supreme Court or Tribunal Supremo (consists of the court president and organized into the Civil Room, with a president and 9 judges; the Penal Room, with a president and 14 judges; the Administrative Room, with a president and 32 judges; the Social Room, with a president and 12 judges; and the Military Room, with a president and 7 judges); Constitutional Court or Tribunal Constitucional de Espana (consists of 12 judges)
Administrative Divisions:
17 autonomous communities (comunidades autonomas, singular - comunidad autonoma) and 2 autonomous cities* (ciudades autonomas, singular - ciudad autonoma); Andalucia; Aragon; Asturias; Canarias (Canary Islands); Cantabria; Castilla-La Mancha; Castilla-Leon; Cataluna (Castilian), Catalunya (Catalan), Catalonha (Aranese) [Catalonia]; Ceuta*; Comunidad Valenciana (Castilian), Comunitat Valenciana (Valencian) [Valencian Community]; Extremadura; Galicia; Illes Baleares (Balearic Islands); La Rioja; Madrid; Melilla*; Murcia; Navarra (Castilian), Nafarroa (Basque) [Navarre]; Pais Vasco (Castilian), Euskadi (Basque) [Basque Country]
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
Yes
Diplomatic Presence:
2375 Pennsylvania Avenue NW, Washington, DC 20037
Major Alliances and Organizations
EUNATOOECD
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
2.5% (2023 est.)
Industry
20.1% (2023 est.)
Services
68.7% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$616.648 billion
Imports:
$552.948 billion
Major Trading Partners
France 15
Germany 10
Portugal 9
Italy 9
UK 6
Economic Outlook
Spain has a 2.68% GDP growth rate with 3.53% inflation. The economy is characterized by a strong agriculture sector.