The Spanish economy refers to the economic system and financial structure of Spain, encompassing various sectors such as agriculture, industry, and services. It includes the production, distribution, and consumption of goods and services within the country. The economy is characterized by a mix of modern industry and traditional sectors, with significant contributions from tourism, manufacturing, and agriculture. The Spanish economy is part of the larger European Union economy and is influenced by EU policies and regulations. It has experienced fluctuations due to global economic conditions, debt crises, and more recently, the impacts of the COVID-19 pandemic. Key indicators of the Spanish economy include gross domestic product (GDP), unemployment rates, inflation, and trade balance. Spain’s economy is noted for its vibrant tourism sector, being one of the top destinations globally. Additionally, Spain has been working on economic reforms to improve competitiveness and sustainability.
The Interprofessional Minimum Wage in Spain increases by 50 euros, from 1,134 to 1,184 euros monthly, benefiting 2.5 million workers. The threshold for state unemployment benefits rises to 888 euros,…