Economy
Economic Power
Spain is the fourth largest economy in the eurozone and the fourteenth in the world by nominal GDP. It is a developed country with a high standard of living and a very high Human Development Index (HDI). Its modern, diversified economy rests on services, industry, tourism and high-value agriculture.
Main Sectors
Tourism
Spain is a tourism superpower. It is regularly the second most visited country in the world, welcoming more than 80 million international tourists a year. Its draws include beaches, cultural heritage, food and safety.
Automotive Industry
It is the second largest car manufacturer in Europe (after Germany) and the eighth worldwide. It hosts plants of the major global brands and a strong auto parts industry.
Energy and Construction
Spanish companies are world leaders in infrastructure (managing highways, airports and high-speed rail) and in renewable energy (wind and solar).
Agriculture
Known as the "orchard of Europe," Spain is the world's top producer of olive oil and one of the biggest global exporters of wine, citrus fruit and vegetables.
Infrastructure
Spain has the second most extensive high-speed rail network (AVE) in the world, behind only China. Its airports (Madrid-Barajas and Barcelona-El Prat) are major international hubs linking Europe and the Americas.