AFTER a painful recession lasting almost a decade, Spain’s economy is finally on the mend.
In the second quarter of 2015, the unemployment rate registered its largest fall since 2005, thanks to the creation of more than 400,000 jobs between April and June.
And, the European Central Bank has reported Spain’s growth rate at a substantial 2.7%, one of the highest in the Eurozone.
In 2014, Spain’s GDP ranked fourteenth in the world, according to numbers published by the World Bank.
The top five GDPs in the world in 2014 were:
- United States
- United Kingdom