Economical activities:
The Spanish economy is the fifth-largest in the European Union, and the fourth-largest in the Eurozone, based on nominal GDP statistics.
Spain’s economic freedom score is 67.6, making its economy the 49th freest in the 2015 Index. Its score has increased by 0.4 point since last year, reflecting improvements in six of the 10 economic freedoms, driven by investment freedom, monetary freedom, and the management of government spending, that outweigh declines in freedom from corruption and fiscal freedom. Spain is ranked 21st out of 43 countries in the Europe region, and its overall score is above the world average.
Over the past five years, a 2.6-point drop in economic freedom has pushed Spain’s economy into the “moderately free” category. Deteriorations in six of the 10 economic freedoms have been led by declines in the management of government spending and financial freedom.
Nevertheless, Spain’s most recent uptick in economic freedom reverses three straight years of declines. The rule of law is respected, and export growth is encouraged by an open trade and investment framework.
Spain’s economic freedom score is 67.6, making its economy the 49th freest in the 2015 Index. Its score has increased by 0.4 point since last year, reflecting improvements in six of the 10 economic freedoms, driven by investment freedom, monetary freedom, and the management of government spending, that outweigh declines in freedom from corruption and fiscal freedom. Spain is ranked 21st out of 43 countries in the Europe region, and its overall score is above the world average.
Over the past five years, a 2.6-point drop in economic freedom has pushed Spain’s economy into the “moderately free” category. Deteriorations in six of the 10 economic freedoms have been led by declines in the management of government spending and financial freedom.
Nevertheless, Spain’s most recent uptick in economic freedom reverses three straight years of declines. The rule of law is respected, and export growth is encouraged by an open trade and investment framework.