Spain

spain
spain Flag

Capital:Madrid

Population:40,491,052

GDP:$1.439 trillion

GDP Growth Rate:3.8% (2008)

Spain is currently the 9th largest economy in the world. It is a member of the European Union and serves as a gateway to Northern Africa and to Latin America, with which it shares historical and cultural ties. Spain is home to leading multinational firms such as Telefonica and Santander, fashionable brands such as Zara, and an agricultural heartland famous for wine and olive oil. It attracts the second largest number of tourists in the world, and during the last decade, underwent Europe’s largest housing boom as vacation homes were built furiously. Though the housing market has collapsed in the current financial crisis, Spain’s welcoming Mediterranean climate will continue to lure those looking for a high quality of life. Seminars often start in the capital of Madrid and visit secondary cities such as Barcelona and Seville.


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