what is the gdp per capita of spain

Jun 06, 2016 · Per capita GDP of the UK economy grew by 103%, exceeding the 97% Germany, France, Spain and Belgium were all major exporters; Nov 01. Korea, Spain, Portugal and Greece would each rank below Mississippi as the poorest states in the country. The ranking of US states by per GDP. Madrid city is the largest economic hub in Spain with an estimated GDP of € 133 billion, 12% of the national GDP, representing nearly € 41,810 per capita.

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France vs Italy vs Spain (1960 - 2020): GDP Nominal, Per Capita and Population
what is the gdp per capita of spain

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Excellencies, dear colleagues and friends,

Because this is a meeting of friends, thank you to all of you for being here. It is great that so many of us managed to meet in person in these difficult circumstances. This is a meeting with a record number of Ministerial attendance - that is good news.

The last time was in 2019 and I want to express my sincere thanks to Spain for hosting this event in such a splendid setting, a truly Mediterranean place. Thank you to the Spanish Minister for Foreign Affairs [José Manuel Albares], for his encouragement to continue working and his encouragement to continue showing solidarity and commitment.

As he said, yesterday we had the first 'Day of the Mediterranean' and on that 'Day of the Mediterranean', I sent a message saying that we are family. We are neighbours, we are partners, we are family. Inside a family there is love, but there is also from time to time a certain number of troubles, quarrels. And we also have it.

We have it because we share a common history. The history brings us together and the history brings us conflicts. The history joins us, but also separates us. In fact, the Mediterranean is a border. It is a border that separates two worlds with a lot of differences.

We have committed ourselves to overcome what separates us and to make the Mediterranean more than a border a meeting place that brings our world together- our worlds, let us say that in plural.

The Mediterranean should be a place for shared progress, but if we are honest with ourselves, we have to recognise that we have not been very much successful on that. And it is in our hands to continue working and engaging with each other to continue shaping our common history.

Our time brings us many challenges. We face conflicts and, on some of them, we have done very little progress. I am sorry to have to remember that. We face fragmentation, inequalities and lack of economic opportunities, especially for the many young people. We face migration pressure and disappointed dreams.

Look at the figures: since 1990, over the last 30 years, in the Maghreb -I know it is not all the Mediterranean but let us focus on Maghreb- the GDP per capita has doubled, but in the European Union it has tripled. So, the gap is increasing. The GDP per capita in the Maghreb went from $5,000 to $10,000 and at the [GDP per capita in the] European Union went from $15,000 to $45,000 - the gap is much bigger.

And we can say the same thing about demographics. The population has grown much quicker in the South than in the What is the gdp per capita of spain. In the North it has grown 12% and in the South 45%.

These two gaps, the demographic gap and the wealth gap are unsustainable, and they are not decreasing, they are increasing.

Let us look at the reality in front of us. In spite of all our efforts, and in spite of so many conferences and meetings, that the Spanish Minister [for Foreign Affairs, José Manuel Albares] has reminded, we continue having a growing gap. Allow me to insist on this idea: this is unsustainable. We have to close this gap. And, in order to close this gap, we have to face some specific challenges.

Certainly, to promote sustainable and inclusive economic development, which means in the end, [to create] jobs and opportunities for the big number of young people in the South. And many of them will have to look for this opportunity in the North. We cannot close our borders to migration, but it has to be regulated.

Second, we have to fight against inequality and to build human and cultural links. Third, trade and investment, there is not enough trade among us. The North of Africa is one of the less integrated regions in the world and the number of economic exchanges between the North and the South is not increasing. And last, but not least, to fight climate change and improving living conditions.

Certainly, these challenges can only be solved successfully if we work together. I insist on the idea that we have to convert the Mediterranean not in a border that separates us, but in a meeting place. That is what the Union for the Mediterranean is for, and what the Union for the Mediterranean does by concrete steps, by practical cooperation, by delivering results. That is what the Union for the Mediterranean is.

Other international actors are appearing in the region. When I arrived to Brussels two years ago, there were no Russians in the North of Africa. Now there are a lot. When other actors what is the gdp per capita of spain, it is important to continue increasing our engagement among us, among the Mediterraneans.

A good example of this solidarity is our common efforts to deal with the situation in Belarus, allow me to mention this, because it matters a lot for us Europeans. Many of you have shown solidarity - thank you - by limiting air traffic to Belarus, or to use the words of my fellow Commissioner [for promoting European Way of Life, Margaritis] Schinas: "This is the moment when the European Union is counting on our friends, and we are very happy to see that we have many". And many of you have been very useful in stopping this flow of people that [have been] used as bullets against the European borders. They have been weaponised, and these kinds of things, we cannot afford to have them.

Another good example is how we have helped each other with the COVID-19 pandemic. What is the gdp per capita of spain is work in progress, but we on our side have done our best, not enough, but our best to help all countries around the Mediterranean. And we will continue supporting them.

Yet another example is the Ministerial Declaration on Environment and Climate Action, adopted by the Union for the Mediterranean in Cairo last month, as the Spanish Minister [José Manuel Albares] remembered it. This agreement has to lead the region through a successful green transition. Because climate change and environment degradation come with serious challenges, but it is also a big opportunity for both of our economies, for job creation, for diversification of our economic structure.

There was a similar success last June when the Union for the Mediterranean Ministers confirmed their intention to set a new clean energy transition pathway for the region. They agreed on a masterplan for electricity interconnection among all can you do walmart to walmart money transfer online and across the Mediterranean. I think we have to stress the importance of this masterplan.

Yes, the Union for the Mediterranean has proven its ability to go beyond the political divides and to focus instead on concrete cooperation leading to tangible results on the ground. That is why, allow me to thank the Union for the Mediterranean Secretariat and Secretary General, Nasser Kamel, for his leadership and dedication in such difficult circumstances.

Implementation will be key. Nice words are important, good actions are better. But apart from acting, we need to communicate. I think that there is a lack of communication from our side and our work is not well known or handled as it should be. I invite all of you to explain more and better, to demonstrate the value of cooperation across the Mediterranean. Our people need it. They need to know how we work together and that what is the gdp per capita of spain why we are here.

Thank you for your attention. I will pass the floor to my co-Chair, Ayman Safadi, [Deputy Prime Minister, Minister of Foreign Affairs of Jordan], thanking him for his excellent cooperation.

Link to the video (starts at 13'00''): https://audiovisual.ec.europa.eu/en/video/I-214321

Источник: http://www.publicnow.com/view/A570BA581A8B76376E2EF770CA02409732BE8406

Czech Republic overtakes Spain in GDP per capita

In the 1990s, the Czech Republic was emerging from communism and it was producing just two-thirds of the wealth that Spain was. But in three decades, it has managed to beat the Spanish economy in terms of GDP per capita at PPP (or gross domestic product per person at purchasing power parity, which makes it possible to compare countries). Estonia, Lithuania and Slovenia are close to surpassing Spain on this metric as well.

The figures evidence a regression by Spain, which had been reducing its distance with the more advanced European economies until the financial crisis of 2008. Since the property crash, however, the Spanish economy has been drifting further away from northern European countries, stuck at wealth levels similar to those of Italy and France.

It is true that Spain’s per capita GDP has grown 50% in the last 30 years. But this metric has increased a lot more in some other countries, particularly in Eastern Europe. In the meantime, the gap separating Spain from Germany has increased since the 2008 financial crisis, and is now at 1997 levels. In other words, nearly 20 years after adopting the euro, there has been no convergence with the Germans, who are still around 25% wealthier than Spaniards.

In late 2007, the Spanish prime minister at the time, José Luis Rodríguez Zapatero of the Socialist Party (PSOE), announced that Spain had overtaken Italy in wealth for the first time, using data from the European Union’s statistics agency Eurostat. With the EU average established at 100, the data showed Spain at 105% of per capita GDP, while Italy was at 103%. It was the peak of the real estate bubble, and the Spanish executive was selling the point that the country had finally converged with the EU after a 21-year membership.

But the crisis hit soon later, and Eurostat’s figures for 2006 and 2007 were reviewed to show that Spain was never in fact ahead of Italy. The closest it came was 103% of the EU’s per capita GDP in 2007, four points below Italy. It was a similar story in 2017. In 2019, Spain ranked at 91% of the EU average, compared with Italy’s 96%, evidencing how both countries have lost ground within the union.

Meanwhile, several economies in Eastern Europe were getting close to Spain and even surpassing it. The most recent Eurostat figures show that the Czech Republic overtook Spain between 2018 and 2019. The Organization for Economic Cooperation and Development (OECD) lists 2019 as the year that the Czech economy outperformed Spain’s, while according to the International Monetary Fund (IMF), that moment took place in 2020.

The secret to Czech success

According to the OECD’s estimates, in 2019 Spaniards had a per capita GDP of $38,128 (€31,644), slightly below the figure of $38,152 for Czechs. How did a country that produced a third-less wealth per person 30 years ago come to be wealthier today? The answer lies largely in the fact that the Czech economy has converted itself into an industrial subcontractor for Germany. Industry and exports account for a much larger share of GDP.

But there are other factors at play. The unemployment rate in the Czech Republic is just 3%, compared with 16% in Spain. And there are far fewer temporary jobs. As a result, there is a lot less inequality despite a tax system that does not distribute wealth as evenly.

“Between 1980 and 2019 the unemployment rate in Spain has been close to 17%. If we could manage to reduce that by 10 points by adopting reforms to change the way the labor market as well as the goods and services market work, Spanish GDP would grow an additional 13%, which is more than the kind of growth expected to be achieved with the European funds,” said Rafael Doménech, an economist at BBVA.

Training and R&D

Training is also decisive. In Spain, 30% of young adults have no more than high school diplomas. In the Czech Republic, that figure is 7%. And even though the number of university graduates is similar, many more Czechs have vocational training studies.

The Czech government also spends an additional half-a-point of GDP on research and development (R&D) compared to Spain, and its public finances are healthier. Before the coronavirus pandemic, it had a slight surplus and debt levels were 30% of GDP as opposed to 95% in Spain.

Since 1997, the Czech Republic has been steadily bridging its economic gap with Germany, going from -40% to -23%. Spain remains stuck at -23%. Logic holds that a country that is lagging behind will experience faster growth as it adopts the technology and good practices of leading economies. And Spain did reduce this distance – until the property bust of 2008. From this moment on, the distance with the wealthiest economies has widened.

In his book Crecimiento y Empleo (or, Growth and Jobs), the economist Juan Francisco Jimeno explains that this gap in per capita GDP is due to two factors almost in equal parts: higher unemployment and lower productivity.

“We have grown by increasing the number of people in employment and by investing in activities that are not very productive such as construction, without improving efficiency or productivity,” adds the economic historian Leandro Prados de la Escosura.

Economists generally agree that training levels are inadequate, and that Spanish legislation divides workers sharply between those on long-term contracts and those on temporary ones, which does not encourage investment in human capital or favor career advancement or improvements in business efficiency.

Productivity, which is very important in the long term because it defines a country’s wealth, is another pending subject. Yet it does not show up as a priority on politicians’ agendas. Proof of it is the fact that despite a European recommendation from 2016, Spain has not created a Productivity Council, unlike other countries such as France, Germany, the Netherlands and Denmark.

English version by Susana Urra.


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Источник: https://english.elpais.com/economy_and_business/2021-02-08/czech-republic-overtakes-spain-in-gdp-per-capita.html

Dutch GDP per capita still relatively high within the EU

check a balance on a walmart gift card In 2020, Dutch gross domestic product (GDP) per capita amounted to nearly 46 thousand euros. This puts the Netherlands, just as in previous years, in fourth place within the European Union, above its surrounding countries. Luxembourg has the highest per capita GDP. The second spot is taken by Ireland, followed by Denmark. At less than 9 thousand euros, Bulgaria’s GDP per capita is the lowest within the European Union. This is evident from figures on GDP per capita released by Statistics Netherlands (CBS) and Eurostat.

The size of the Dutch economy per capita is more than one and a half times higher than the EU average (almost 30 thousand euros). The size of Luxembourg's economy, on a per capita basis, is almost three and a half times larger than the EU average. Luxembourg has had the highest GDP per capita since 1995. This high ranking is mainly due to the fact that the country has relatively many financial institutions (with high value added) and a relatively large number of people who work but do not live there.

Gross domestic product (GDP) is a measure of the size of a country’s economy. The volume change of GDP over a particular reporting period is a measure of economic growth or contraction. GDP is one of the many indicators used to determine the prosperity level of a country.

European Union29.7
Czech Republic20.1

Gap in per capita GDP across the EU is narrowing

The differences in GDP per capita between the EU countries have narrowed over the years. Especially in the EU’s Baltic countries, GDP has moved closer to the average. In 1995, per capita GDP in Estonia, Latvia and Lithuania was still around one-tenth of the EU average. Thanks to strong economic growth, this share rose to 52 percent (Latvia) and 69 percent (Estonia) of the average last year. In the EU-27 as a pseg pay bill, per capita GDP doubled between 1995 and 2020.

Ireland has caught up significantly in recent decades. In 1995, it still ranked eleventh and subsequently alternated between the second and third place. Between 2010 and 2020, per capita GDP even doubled. In Ireland, the high GDP is grated parmesan cheese bad for you capita is partly related to tax rules for international companies.


Disposable household income

High GDP often goes hand in hand with high disposable income. Nevertheless, the ranking for per capita disposable income is not exactly the same as that for per capita GDP. Of the EU countries, for which the 2019 figures are available, the Netherlands occupies the fifth place. Luxembourg (based on the figure for 2018), Germany and Austria are the three countries with the highest disposable income per household. Belgium is ranked just above the Netherlands. Ireland holds the tenth place with respect to this indicator.

Czech Republic20.0

The Netherlands contributes 6 percent to European GDP

In 2020, the Netherlands contributed 6 percent to the European Union's gross domestic product, making it the fifth largest economy in the EU-27. Dutch GDP amounted to 800 billion euros last year. After years of growth, there was a decline in 2020. Due to the coronavirus crisis, the Dutch economy shrank by what is the gdp per capita of spain percent year-on-year. The main economies in the current EU are Germany (25.1 percent), France (17.3 percent) and Italy (12.4 percent). With a share of 8.4 percent, Spain takes the fourth place. Together, the five largest EU economies have a share of almost 70 percent.


Источник: https://www.cbs.nl/en-gb/news/2021/28/dutch-gdp-per-capita-still-relatively-high-within-the-eu

The Top 25 Economies in the World

Gross domestic product (GDP) is an estimate of the total value of finished goods and services produced in a country’s borders during a specified nevada state bank hours near me, usually a year. GDP is popularly used to estimate the size of a country’s economy. GDP is most commonly measured by using the expenditure method, which calculates GDP by adding up spending on new consumer goods, new investment spending, government spending, and the value of net exports (exports minus imports).

Throughout most of the world, countries’ GDPs fluctuate with the phases of different economic cycles, against a backdrop of longer-term economic growth over time. However, it’s interesting to see that despite these ups and downs, the top economies as measured by GDP don’t budge easily from the positions they hold. Compared to the top 25 economies in 2000, our research has found that only what is the gdp per capita of spain countries in the top 25—Thailand, Indonesia, and Nigeria—weren’t there before. That said, there have been some big movers within the list. China and India moved up into second place and fifth place, respectively, having been in sixth place and 13th place in 2000. Further down the list, Indonesia, one of the three aforementioned newcomers to the list, vaulted forward from 27th largest economy in 2000 to 16th in 2019, while Nigeria leapt from 46th place all the way to 25th.

While 2019 is the most recent annual data available for these countries, the COVID-19 pandemic has had a major impact on economies across the world. Because it has slashed energy prices, cratered tourism, lowered trade volumes, and shuttered stores due to quarantines, countries have seen record-breaking declines in GDP. While many economies have begun to recover in the third quarter of 2020, most have not yet recovered to pre-pandemic GDP levels. China is a notable exception, and it's currently on track to be the only major economy to end 2020 with a larger GDP than it started with.

This article mentions several popular ways to measure GDP, all of which are drawn from what is the gdp per capita of spain World Bank database:

  • Nominal GDP in Current U.S. Dollars: This is the most basic and common way of measuring and comparing GDP among countries, using local prices and currencies converted into U.S. dollars using currency market exchange rates. This is the number that was used to determine the countries' rankings in the top 25 list.
  • Purchasing Power Parity (PPP) Adjusted GDP in Current International Dollars: This is an alternative way of comparing nominal GDP among countries, adjusting currencies based on what basket of goods they could buy in those countries rather than currency exchange rates. This is a way to adjust for the difference in the cost of living between different countries.
  • GDP Growth: This is the annual percent growth rate of nominal GDP in local prices and currencies, which estimates how fast a country’s economy is growing.
  • GDP Per Capita, in Current U.S. Dollars: This is nominal GDP divided by the number of people in a country. GDP per capita measures how much a country’s economy produces per person, rather than in total. This can also act as a very rough measure of income or standard of living for individuals living in a country.

Throughout this list and article, the term GDP refers to nominal GDP in current U.S. dollars unless otherwise specified.

Top Ten Countries by Nominal GDP at Current U.S. Dollar Exchange Rates
CountryNominal GDP (in trillions)PPP Adjusted GDP (in trillions)Annual Growth (%)GDP Per Capita (in thousands)
United States$21.43$21.432.2%$65,298
United Kingdom$2.83$3.251.5%$42,330

1. United States

  • 2019 Nominal GDP in Current U.S. Dollars: $21.43 trillion
  • 2019 PPP Adjusted GDP in Current International Dollars: $21.43 trillion
  • 2019 GDP Growth: 2.2%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $65,298

The United States' economy is the largest in the world as measured by nominal GDP. The biggest contributor to that GDP century bank and trust login the economy's service sector, which includes finance, real estate, insurance, professional and business services, and healthcare.

The U.S. has a relatively open economy, facilitating flexible business investment and foreign direct investment in the country. It is the world's dominant geopolitical power and is able to maintain a large external national debt as the producer of the world's primary reserve currency. The U.S. economy is at the forefront of technology in many industries, but it faces rising threats in the form of economic inequality, rising healthcare and social safety net costs, and deteriorating infrastructure.

2. China

  • 2019 Nominal GDP in Current U.S. Dollars: $14.34 trillion
  • 2019 PPP Adjusted GDP in Current International Dollars: $23.52 trillion
  • 2019 GDP Growth: 6.1%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $10,262

China has the world’s second largest nominal GDP in current dollars and the largest in terms of PPP. With annual growth that consistently outpaces the U.S., China may be on track to become the largest economy in the world by nominal GDP in the years to come.

As China has progressively opened its economy over the past four decades, economic development and living standards have greatly improved. As the government has gradually phased out collectivized agriculture and industry, allowed greater flexibility for market prices, and increased the autonomy of businesses, foreign and domestic trade and investment have taken off. Coupled with an industrial policy that encourages domestic manufacturing, this has made China the world’s number one exporter. Despite these advantages, China faces some significant challenges, such as a rapidly aging population and severe environmental degradation.

3. Japan

  • 2019 Nominal GDP in Current U.S. Dollars: $5.08 trillion
  • 2019 PPP Adjusted GDP in Current International Dollars: $5.49 trillion
  • 2019 GDP Growth: 0.7%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $40,247

Japan is the third largest economy in the world. Its GDP crossed the $5 trillion mark in 2019. Strong co-operation between government and industry and advanced technological know-how have built Japan’s manufacturing and export-oriented economy. Many major Japanese businesses are organized as networks of interlinked companies known as Keiretsu. After the Lost Decade of the 1990s and the impact of the global Great Recession, Japan has seen an uptick in growth in recent years under the policies of Prime Minister Shinzo Abe. However, Japan is poor in natural resources and dependent on energy imports, especially after the general shutdown of its nuclear power industry following the 2011 Fukushima disaster. Japan has also struggled with a rapidly aging population.

4. Germany

  • 2019 Nominal GDP in Current U.S. Dollars: $3.86 trillion
  • 2019 PPP Adjusted GDP in Current International Dollars: $4.68 trillion
  • 2019 GDP Growth: 0.6%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $46,445

Fourth among world economies is Germany, with a 2019 GDP of $3.86 trillion. Germany is also Europe’s largest economy. Germany is a top exporter of vehicles, machinery, chemicals, and other manufactured goods and has a highly skilled workforce. Germany, however, faces some demographic challenges to its economic growth. Its low fertility rate makes replacing its aging workforce more difficult, and its high levels of net immigration strain its social welfare system.

5. India

  • 2019 Nominal GDP in Current U.S. Dollars: $2.87 trillion
  • 2019 PPP Adjusted GDP in Current International Dollars: $9.56 trillion
  • 2019 GDP Growth: 4.2%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $2,100

India is the fifth largest economy in the world, with a GDP of $2.87 trillion in 2019, more than 4% higher than in 2018. Because of its large population, India has the lowest per-capita GDP on our list. India’s economy is a mixture of traditional village farming and handicrafts alongside booming modern industry and mechanized agriculture. India is a major exporter of technology services and business outsourcing, and the service sector makes up a large share of its economic output. Liberalization of India’s economy since the 1990s has boosted economic growth, but inflexible business regulation, widespread corruption, and persistent poverty pose challenges to ongoing expansion.

6. United Kingdom

  • 2019 Nominal GDP in Current U.S. Dollars: $2.83 trillion
  • 2019 PPP Adjusted GDP in Current International Dollars: $3.25 trillion
  • 2019 GDP Growth: 1.5%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $42,330

The United Kingdom has the sixth largest economy in the world. It had a GDP of $2.83 trillion in 2019, up 1.4% from the prior year. The U.K. economy is driven by its large service sector, particularly in finance, insurance, and business services. The nation’s extensive trading relationship with continental Europe has been greatly complicated by the resolution of Brexit subsequent to the 2016 vote to leave the European Union. As of Jan. 31, 2020, the U.K. is officially not a member of the E.U., but contentious negotiations over trade relations between the two are ongoing.

7. France

  • 2019 Nominal GDP in Current U.S. Dollars: $2.72 trillion
  • 2019 PPP Adjusted GDP in Current International Dollars: $3.32 trillion
  • 2019 GDP Growth: 1.5%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $40,494

France had a GDP of $2.72 trillion in 2019, ranking seventh in the world. Tourism is an important industry, and France receives the most visitors of any country each year. France is a mixed economy that has many private and semiprivate businesses across a diverse range of industries. However, there is still heavy government involvement in certain key sectors, such as defense and electrical power generation. The French government’s commitment to economic intervention in favor of social equality also creates some challenges for the economy, such as a rigid labor market with high unemployment and a large public debt relative to other advanced economies.

8. Italy

  • 2019 Nominal GDP in Current U.S. Dollars: $2.00 trillion
  • 2019 PPP Adjusted GDP in Current International Dollars: $2.67 trillion
  • 2019 GDP Growth: 0.3%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $33,228

The world’s eighth largest GDP belongs to Italy at an even $2.00 trillion in 2019, up 0.3% from 2018. The eurozone’s third largest economy, Italy’s economy and level of development vary notably by region, with a more developed, industrial economy in the north and underdeveloped southern regions. Italy faces persistently sluggish economic growth due to a very high public debt, an inefficient court system, a weak banking sector, an inefficient labor market with chronically high youth unemployment, and a large underground economy.

9. Brazil

  • 2019 Nominal GDP in Current U.S. Dollars: $1.84 trillion
  • 2019 PPP Adjusted GDP in Current International Dollars: $3.23 trillion
  • 2019 GDP Growth: 1.1%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $8,717

Brazil is the ninth largest economy in the world and the largest in South America, with a 2019 GDP of $1.84 trillion. Brazil's diversified economy runs the gamut from heavy industries, such as aircraft and automotive production, to mineral and energy resource extraction. It also has a large agricultural sector that makes it a major exporter of coffee and soy beans. Brazil emerged from a severe recession in 2017 and suffered a series of high-level corruption scandals along the way. In the wake of these events, Brazil instituted a series of major economic reforms intended to rein in public spending and debt, invest in energy infrastructure, lower barriers to foreign investment, and improve labor market conditions.

10. Canada

  • 2019 Nominal GDP in Current U.S. Dollars: $1.74 trillion
  • 2019 PPP Adjusted GDP in Current International Dollars: $1.93 trillion
  • 2019 GDP Growth: 1.7%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $46,195

Canada had $1.74 trillion in GDP in 2019, rounding out the top 10 economies in the world by GDP. Canada has a well-developed energy extraction sector, with the world’s third largest proven oil reserves. Canada also has impressive manufacturing and service sectors, based mostly in urban areas near the U.S. border. Canada's free trade what is the gdp per capita of spain with the U.S. means that three-quarters of Canadian exports head to the U.S. market each year. Canada's close ties to the U.S. mean that it has developed largely in parallel to the world’s largest economy.

11. Russia

  • 2019 Nominal GDP in Current U.S. Dollars: $1.70 trillion
  • 2019 PPP Adjusted GDP in Current International Dollars: $4.28 trillion
  • 2019 GDP Growth: 1.3%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $11,585

Russia is the world’s 11th largest economy, with a GDP of $1.70 trillion as of 2019, 1.3% higher than in 2018. Russia has moved toward a more market-based economy over the 30 years since the collapse of the Soviet Union, but government ownership of and intervention in business is still common. As a leading exporter of oil and gas, as well as other minerals and metals, Russia's economy is highly sensitive to swings in world commodity prices.

12. South Korea

  • 2019 Nominal GDP in Current U.S. Dollars: $1.65 trillion
  • 2019 PPP Adjusted GDP in Current International Dollars: $2.23 trillion
  • 2019 GDP Growth: 2.0%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $31,846

South Korea, with a GDP of $1.65 trillion in 2019, what is the gdp per capita of spain the 12th largest world economy. South Korea’s economy is a 20th century success story that is today firmly established as an advanced, industrial economy. Known for its strategy of export-led growth and the dominance of its chaebols (large business conglomerates), South Korea in recent decades has built a network of free trade agreements covering 58 countries that account for over three-quarters of the world’s GDP. It is a major producer and exporter of electronics, telecommunications equipment, and motor vehicles. With this progress, however, South Korea also now faces some of the same challenges that many other advanced economies are dealing with, including slower growth and an aging workforce.

13. Australia

  • 2019 Nominal GDP in Current U.S.: $1.40 trillion
  • 2019 PPP Adjusted GDP in Current International Dollars: $1.36 trillion
  • 2019 GDP Growth: 2.2%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $55,060

Australia is the 13th largest economy in what is the gdp per capita of spain world, with a GDP of $1.40 trillion in 2019. Australia combines a relatively open domestic economy with an extensive network of free trade arrangements with trading partners all around the Asia-Pacific Rim. This works to the advantages of Australia’s abundant natural resource and agricultural export industries. However, it has also left Australia vulnerable to swings in world commodity demand and prices in energy (coal and natural gas), metals (iron ore and gold), and agricultural products (beef and sheep products).

14. Spain

  • 2019 Nominal GDP in Current U.S. Dollars: $1.39 trillion
  • 2019 PPP Adjusted GDP in Current International Dollars: $1.99 trillion
  • 2019 GDP Growth: 2.0%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $29,600

Spain had a GDP of $1.39 trillion in 2019, making it the 14th largest economy in the world by GDP. Spain’s economy suffered severely during the Great Recession, with unemployment soaring above 25% and a rising national debt despite attempts at fiscal austerity. It has recovered in recent years as moderating inflation and labor costs have encouraged foreign investment and increased the competitiveness of Spain’s exports, including manufactured machinery and foodstuffs. However, political instability has hindered the government’s ability to sustain further economic reforms.

15. Mexico

  • 2019 Nominal GDP in Current U.S. Dollars: $1.27 trillion
  • 2019 PPP Adjusted GDP in Current International Dollars: $2.63 trillion
  • 2019 GDP Growth: −0.1%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $9,846

Mexico's GDP was $1.27 trillion in 2019, making it the 15th largest economy in the world. Over the past three decades, Mexico has emerged as a manufacturing economy under a series of free trade arrangements with the U.S., Canada, and 44 other countries. Many major U.S. manufacturers have integrated supply chains with counterparts or operations in Mexico. Mexico supports a variety of exports, including consumer electronics, vehicles, and auto parts, and well as petroleum and agricultural products. The international drug trade constitutes an ongoing challenge to Mexico’s development, which has directly contributed to violence and corruption in the country. Weak legal institutions have made it difficult to regulate and integrate the large informal economy that employs over half of Mexico’s workforce.

16. Indonesia

  • 2019 Nominal GDP in Current U.S. Dollars: $1.12 trillion
  • 2019 PPP Adjusted GDP in Current International Dollars: $3.34 trillion
  • 2019 GDP Growth: 5.0%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $4,136

Indonesia is the world’s first bank of wyoming hours largest economy, with a GDP of $1.12 trillion as of 2019. Indonesia’s economy is the largest economy in Southeast Asia and is based largely on commodity export industries. Major exports include coal and petroleum products, as well as agricultural commodities suitable for industrial use, such as rubber and palm oil. Indonesia has an institutional cap on its national budget deficit, at 3% of GDP, which has led to its relatively low debt burden and investment-grade credit rating. However, regional inequality, lack of infrastructure, and governmental corruption remain problems for Indonesia’s ourbank bozeman mt economy.

17. Netherlands

  • 2019 Nominal GDP in Current U.S. Dollars: $907.05 billion
  • 2019 PPP Adjusted GDP in Current International Dollars: $1.03 trillion
  • 2019 GDP Growth: 1.7%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $52,331

The Netherlands stands as the 17th largest economy in the world, with a 2019 GDP of $907.05 billion. The Netherlands is a major commercial transportation hub, with some industrial manufacturing as well as petroleum extraction and processing. It has a highly developed agricultural sector and is the second largest agricultural exporter in the world. The Netherlands has a large financial services sector, with assets four times the size of Dutch GDP.

18. Saudi Arabia

  • 2019 Nominal GDP in Current U.S. Dollars: $792.97 billion
  • 2019 PPP Adjusted GDP in Current International Dollars: $1.68 trillion
  • 2019 GDP Growth: 0.3%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $23,140

Saudi Arabia had a GDP of $792.97 billion in 2019, the 18th largest in the world. The Saudi economy is heavily based on oil and is the world’s largest oil exporter. The Saudi government owns and operates much of the country’s major industry through its oil company, Aramco. However, with global environmental concerns driving increasing interest in developing non-fossil fuel energy sources, the Saudis are looking to diversify their economy by encouraging more private investment in healthcare and other service industries. The Saudi government has also begun to at least partially privatize Aramco, launching an IPO for the company in late 2019.

19. Turkey

  • 2019 Nominal GDP in Current U.S. Dollars: $761.43 billion
  • 2019 PPP Adjusted GDP in Current International Dollars: $2.35 trillion
  • 2019 GDP Growth: 0.9%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $9,127

Turkey is the 19th largest economy in the world, with a GDP of $761.43 billion in 2019. Turkey has a largely open economy, with large industrial and service sectors. Major industries include electronics, petrochemicals, and automotive production. Political turmoil and involvement in google one mac app armed conflicts have led to some financial and currency market instability and uncertainty about Turkey’s economic future in recent years.

20. Switzerland

  • 2019 Nominal GDP in Current U.S. Dollars: $703.08 billion
  • 2019 PPP Adjusted GDP in Current International Dollars: $608.72 billion
  • 2019 GDP Growth: 0.9%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $81,994

The Alpine nation of Switzerland had a GDP of $703.08 billion in 2019, making it the 20th largest economy in the world. Switzerland has a large service sector, including financial services, and a high-tech manufacturing sector served by a highly skilled labor force. High-quality legal, political, and economic institutions and solid physical infrastructure set the stage for a productive economy with one of the highest per-capita GDPs in the world.

21. Poland

  • 2019 Nominal GDP in Current U.S. Dollars: $595.86 billion
  • 2019 PPP Adjusted GDP in Current International Dollars: $1.31 trillion
  • 2019 GDP Growth: 4.5%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $15,693

Poland is the 21st largest economy in the world, with a 2019 GDP of $595.86 billion. Heavy industry, including iron and steel production, machinery manufacturing, shipbuilding, and coal mining, is an important part of Poland’s economy. Poland’s business-friendly climate and sound macroeconomic policies allowed it to be the only E.U. country to avoid recession in the aftermath of the 2008 financial crisis. However, inefficient legal and regulatory structures and an aging population are challenges for Poland’s ongoing growth in the future.

22. Thailand

  • 2019 Nominal GDP in Current U.S. Dollars: $543.55 billion
  • 2019 PPP Adjusted GDP in Current International Dollars: $1.34 trillion
  • 2019 GDP Growth: 2.4%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $7,807

Thailand is the 22nd largest economy in the world, with a $543.55 billion GDP in 2019. The Thai economy enjoys relatively high-quality infrastructure, as well as pro-free-enterprise and pro-investment policies. Thailand is highly dependent on exports, which account for about two-thirds of its GDP. Its main exports include electronics, agricultural products, motor vehicles and parts, and food products. Thailand also has a substantial international tourism industry. Its agricultural sector makes up about 10% of its economy but employs about 30% of its workers.

23. Sweden

  • 2019 Nominal GDP in Current U.S. Dollars: $530.88 billion
  • 2019 PPP Adjusted GDP in Current International Dollars: $574.13 billion
  • 2019 GDP Growth: 1.3%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $51,615

Sweden, with a 2019 GDP of $530.88 billion, is the 23rd largest economy in the world. Sweden is a competitive economy, with a high standard of living and a america first full online banking of free enterprise alongside a generous social welfare state. Sweden’s manufacturing economy relies heavily on foreign exports, including machinery, motor vehicles, and telecommunications. Sweden has taken in a large number of new immigrants and thus faces a short- to medium-term challenge with integrating them into Swedish society and its labor market.

24. Belgium

  • 2019 Nominal GDP in Current U.S. Dollars: $533.10 billion
  • 2019 PPP Adjusted GDP in Current International Dollars: $630.53 billion
  • 2019 GDP Growth: 1.7%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $46,421

Belgium's 2019 GDP was $533.10 billion, making it the 24th largest world economy. Belgium is a trade and transport hub that has a diversified economy with a mix of services, manufacturing, and high-tech industry. Because of its deep integration with the rest of the European economy, Belgium is highly sensitive to swings in the overall economic performance of its neighbors. Belgium faces a high public debt burden relative to its GDP, which can constitute an obstacle to growth.

25. Nigeria

  • 2019 Nominal GDP in Current U.S. Dollars: $448.12 billion
  • 2019 PPP Adjusted GDP in Current What is the gdp per capita of spain Dollars: $1.08 trillion
  • 2019 GDP Growth: 2.2%
  • 2019 Nominal GDP Per Capita in Current U.S. Dollars: $2,230

One of the largest economies in Africa, Nigeria's economy relies heavily on the oil industry. Nigeria is the largest oil exporter on the continent and also has Africa’s largest reserves of natural gas. Other resource extraction industries, such as coal, tin, and other metal mining, are also important to the Nigerian economy. While oil dominates in terms of contribution to GDP and exports, between a fifth and half of Nigerians work in agriculture, mostly small-scale subsistence agriculture. Nigeria's economy has grown rapidly in past decades, but the nation also faces significant challenges such as desertification, lack of infrastructure, and government corruption.

Источник: https://www.investopedia.com/insights/worlds-top-economies/

Spain's per capita income drops again to 30% below the Eurozone average and falls back to 1999 levels

18 years after the introduction of the euro, the single currency has still not fulfilled its promise of bringing the Spanish economy closer to that of its European partners. Despite the fact that Spain's GDP has grown above the Eurozone average on quite a few occasions over the last 5 years, this growth has not translated into an improvement in per capita income that brings it closer to that of neighboring countries.

Specifically, the gap between Spain's per capita income and the Eurozone average has increased by up to 30% since the last crisis, reversing the progress made until 2008, when Spain's per usaa motorcycle insurance number wealth was 15% below that of the Eurozone, its lowest level ever, according toEl Confidencial.

Thus, Spain's GDP per capita stood at the second and third quarter of 2020, when the economy suffered the greatest impact of the coronavirus, at 30% behind the average of the 19 countries of the single European currency, figures that had not been seen since 1999.

The 15 richest countries per capita in the world

This means that Spain has lost in the decade since the previous economic crisis all progress in convergence with the standards of living in Europe, especially from 2011, when the crisis of the euro placed Spain, Greece, Italy, Portugal and Ireland in a recession that managed to avoid the economies of northern European Union, according to the digital newspaper.

However, part of the ground lost during the previous recession was recovered between 2013 and 2016, when the recovery of the Spanish economy led it to register annual growth rates that in some cases doubled those of the Eurozone, although this process was slowed down and has been reversed between 2016 and 2019, although especially in 2017, with a difference of 14 points.

In the last 4 years the gap has increased again despite the continued growth river tiber record labels the Spanish GDP, since this growth has not been based on an increase in productivity, but in employment, according to El Confidencial, which estimates that since 2002 the income per capita has increased by 2,600 euros per quarter, to 6,100 euros, while that of the Eurozone has grown by 3,300 euros.

Thus, Spain's entry into the euro has not led to an improvement in growth, at least since 2008, nor has it prevented the country from being among the worst hit in the last two economic crises. In addition, the digital media criticizes the fact that it has not improved the situation of the productive fabric, aggravating the loss of weight of industry over services, which has reduced the value and economic stability of employment.

In fact, the gap is even more pronounced when considering the 27 countries of the European Union, despite the fact that convergence was achieved in 2008. Since then, Spain's per capita GDP has grown by 1% and that of the EU by 20%, which translates into a difference of 1,400 euros per quarter or more than 5,600 euros per year.

Источник: https://www.businessinsider.com/spain-per-capita-income-vs-eurozone-average

: What is the gdp per capita of spain

What is the gdp per capita of spain
What is the gdp per capita of spain
What is the gdp per capita of spain
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what is the gdp per capita of spain

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