By: Alex Bond

Currently $1000 is worth a little under 793 Euros

Spain imports chemicals from Germany

Spain also imports machinery from France.

One thing Spain exports is foodstuffs which they send to Germany

Another thing Spain exports is vehicles which they send to France.

Spain has a mixed economy, advantages are that it can be easy to maintain also the market can still set prices without government influence. Disadvantages are that business people have to find markets for their own products also, they can’t control the taxes they pay.

Current sales tax is 16%

GDP: $1.683 trillion GDP Per Capita: $34,100 Unemployment Rate: 10.9%

One well known company that does business in Spain is the Coca-Cola Company. They sell mainly soft drinks in addition to water and sports drinks. The company was founded in 1894 when the first batch was made.

Another major brand name that does business in Spain is Nike. They sell shoes and sports equipment and clothing. The company was founded in 1972.

Spain’s economy isn’t doing bad but isn’t doing good either. Their unemployment is fairly high, there GDP growth is slowing, but still increasing, recent political transitions have caused the GDP slow down.