Spain

Geraldina Gjelaj

Spain

Overall: 67.6 World ranking: 49

7 Sources of Economic Progress

Quick Facts

Population: 46.5 million

GPD: 474.46 USD Billion

GPD Growth: -1.4% annual change

GPD Per Capital: 2 9,863.18 USD

Unemployment: 26.7%

Inflation:1.5%

Foreign Direct Investment: €15.8 billion

Legal System of Spain

The Spanish legal system is a civil law system based on comprehensive legal codes and laws rooted in Roman Law, as opposed to common law, which is based on precedent court rulings. Spanish Law - A type of civil law that is the present legal system of Spain called the Spanish Civil Code. This is the basis of legal systems in 12 countries mostly in Central and South America, but also in southwestern Europe, northern and western Africa, and southeastern Asia.

Property Rights: 70.0

Freedom From Corruption: 59.0

Spanish families commence 2015 in the midst of economic crisis

Video summary

This is about economic crisis in Spain 2015. In Spain during the economic crisis people lost their jobs and barely had any money. Families could not even afford gifts for their children because they had to save as money to pay their mortgage.
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Extra Credit!

Spain's mixed capitalist economy is the 13th largest in the world and its per capita income roughly matches that of Germany and France. The reversal in Spain's economic growth reflected a significant decline in construction amid an over-supply of housing and falling consumer spending, while exports actually began to grow.