Spain and Nigeria Economics

Danielle Baker

Spain-

Spain is one of the highly developed country's.

In Spain they are a developed country the financial and eurozone crises hurt spanish economy, but there's been many advancements enhanced products for recovery.

The corporate tax rate was lowered from 30% to 28%.

The equality was changed in the workplace. The main way for income is in the industry, people pushed for better labor laws and they are getting improved.

New labor law was invented to add flexibility to work hours and areas like that.

Freedom score went up 68.5% meaning more freedom to the living.

Government made a management of government spending.

Spain has a more advanced way for getting goods, not only do they import but Spain is also in the top 20 for exports.

Nigeria-

Nigeria is among the fastest-growing economies globally, meaning there will be a increase of every part of the economy.


Driven by the expansion of agriculture, wholesale and retail trade, oil, Nigeria’s economy expanded at 6.3% during 2005-2009. This is a growth in economic equality.


Nigeria is a low-debt economy, with a manageable budget deficit. Its major problem is its reliance on oil revenues, which account for over 75% of federal budget revenues, Nigerians now don't have to worry about debt issues how the us does.

Recent government initiatives include the privatisation of power and oil and gas a successful amnesty deal for militants in the Niger Delta, economic growth and innovative.

A president is the head of state and holds executive power. The president is the head of the National Executive and commander in chief of the armed forces, and is elected by popular vote to a maximum of two four-year terms.

Economic security is brought by knowing where their goods come from. Nigeria has one of the largest road networks in Africa and 95% of goods are by road. However, the roads are in poor condition due to inadequate maintenance.