The most important sectors of Spain’s economy in 2016 were wholesale and retail trade, transport, accommodation and food services (23.4 %), public administration, defence, education, human health and social work activities (18.9 %), and industry (17.8 %). Currency: EURO GDP Per Capita: 29,613.7 USD (2019) GDP Growth Rate: 2.0% annual change (2019) Gross Domestic Product: 1,569,996.81 million (2019) GNI Per Capita :40,570 PPP dollars (2018)
Spain’s main export partners are France, Germany, and Portugal while its main import partners are Germany, France, and China. Exports: The top exports of Spain are Cars ($35.9B), Refined Petroleum ($13.3B), Vehicle Parts ($11.7B), Packaged Medicaments ($8.82B), and Delivery Trucks ($6.65B). Imports: The top imports of Spain are Crude Petroleum ($28.2B), Cars ($22.6B), Vehicle Parts ($14B), Packaged Medicaments ($10.1B), and Petroleum Gas ($9.17B) Spain exports mostly to France ($48.6B), Germany ($36.3B), Portugal ($27.2B), Italy ($25.4B), and United Kingdom ($22.6B), and imports mostly from Germany ($50.2B), France ($42.7B), China ($28.5B), Italy ($28B), and Portugal ($16.8B). In 2018, Spain exported $330B and imported $377B, resulting in a negative trade balance of -$47.3B. In 2018, Spain’s exports per capita were $7.06k and its imports per capita were $8.07k.
Finances with European Union
Breakdown of Spain’s finances with the EU: Total EU spending in Spain: 12.270 billion Total EU spending as % of Spanish gross national income (GNI) :1.02 % Total Spanish contribution to the EU budget : 10.314 billion Spanish contribution to the EU budget as % of its GNI : 0.85%