scorecard4. Spain

4. Spain

Misery index score: 24.17%

CPI inflation: -0.3%

Unemployment: 24.5%

Spain's economy has also struggled in recent years following the global financial crisis. In 2007 unemployment was around 8%, and it shot up all the way up to 26% in 2013. Spain has reduced its budget deficit from 11.4% of the GDP (2009) to slightly below 7% (2013) — although that is still below the negotiated target of 6.5%. Public debt has increased from 60.1% of the GDP to 93.4% in 2013.

Major industries include tourism, textiles and apparel, food and beverages, and various manufacturing industries and agriculture.

Source: CIA Factbook

Advertisement