The Spanish economy is one of the largest in the world, with an overall Gross Domestic Product that stands at around $1.36 trillion.
When it comes to all of the different economies in the world ranked, Spain finds itself flying high at number 14. Of course, there are a variety of different industries that contribute to such a thriving economy, there is not just one or two that are helping Spain generate so much capital.
As such, it is worth considering what these different industries are. This article is going to break down some of the most popular and thriving industries within the country that add to such a roaring economy.
Travel & Tourism
There are a number of excellent places for people to visit in Spain and this leads to their bustling tourism industry. This is a very important economic driver for the country as it makes up about 11% of the country’s overall GDP. Spain is the third most popular tourist destination in the entire world and as such, all year round they have people from every corner of the globe flying over to see what it has to offer.
People from the countries like the UK, France, Italy and Germany love to head over to Spain for long and short trips as it is marketed as one of the best summer holiday destinations in the entire world.
One of the most popular sites is the island of Tenerife but there is a lot more where that came from as thanks to having such a massive array, there is something out there for everyone.
Technology and Programming
As we see throughout the entire world, the technology market is one that simply continues to grow as constant developments are forever altering the way we live our lives. Therefore, it is no surprise that the technology market is such a massive one in the country as the market has grown astronomically worldwide as a whole. Not only does the popularity of technology contribute to its large market growth but so too does the range of roles available within it. These include programming, security (such as a Certified Ethical Hacker, CEH) and design.
There are a number of exports that come from Spain, but automobiles and pharmaceuticals are two of the main ones. As such, the manufacturing of these products are a massive part of the economy of Spain. Almost as much as 80% of the vehicles that are made in Spain are done so to export to the rest of the world rather than selling domestically.
This gives you a good idea as to how much people across the globe rely on the vehicles that are manufactured here.
Spain has a fantastic economy as there are a number of different industries that people work on in order to bring about the strong economic growth that Spain has.
Some of the most popular industries out there include the likes of tourism, technology as well as manufacturing.