Greenwich logo

Our Properties

Spain

Brief description

Spain is a country located mostly in southwestern Europe on the Iberian Peninsula.

The Spanish mainland is bordered to the south and east by the Mediterranean Sea except for a small land boundary with Gibraltar; to the north by France, Andorra, and the Bay of Biscay; and to the west by the Atlantic Ocean and Portugal. Spanish territory also includes the Balearic Islands in the Mediterranean, the Canary Islands in the Atlantic Ocean off the African coast, and two autonomous cities in North Africa, Ceuta and Melilla, that border Morocco. With an area of 504,030 km², Spain is the second largest country in Western Europe after France.

After serving as a granary of the Roman Empire, much of Spain was later conquered by a Muslim people, the Moors. Christian kingdoms gradually rolled back Muslim rule, completing this Reconquista in 1492. Spain became the leading world power, with a global empire on a scale and world distribution that had never been approached by its predecessors and a legacy today of over 400 million Spanish-speakers worldwide.

Napoleon's invasion of Spain in the early 19th century triggered independence movements that tore the empire apart and left the country politically unstable. In the 20th century it suffered a devastating civil war and came under the rule of a dictatorship, leading to years of stagnation. Democracy was restored in 1978 and the country has subsequently experienced a cultural renaissance and steady economic growth. Spain is now a constitutional monarchy organised as a parliamentary democracy and has been a member of the European Union since 1986, and NATO since 1982. It is a developed country with the eighth largest economy in the world based on nominal GDP.

Economy

According to the World Bank, Spain's economy is the eighth largest worldwide and the fifth largest in Europe. As of 2007, absolute GDP was valued at $1.362 trillion according to the CIA Factbook, (see List of countries by GDP (nominal)). The per capita PPP is estimated at $33,700 (2007), ahead of G7 countries like Italy and placing Spain at a similar per capita basis as France or Japan (both with an 2007 estimated at $33,800). The Spanish economy grew 3.8% in 2007 outpacing all G7 members and all the big EU economies for the 3rd consecutive year.

Interesting locations

Madrid is the capital and largest city of Spain. It is the third-most populous municipality in the European Union after London and Berlin, and the fourth-most populous urban area in the European Union after Paris, London, and the Ruhr Area.

The city is located on the river Manzanares both in the centre of the country and Community of Madrid (which comprises the city of Madrid, its subsequent conurbation and extended suburbs and villages); this community is bordered by the autonomous communities of Castile and León and Castile-La Mancha.

As the capital city of Spain, seat of government, and residence of the Spanish monarch, Madrid is also the political center of Spain. The current mayor is Alberto Ruiz-Gallardón from the center-right People's Party. He has been in office since 2003, when he left the Presidency of the Autonomous Community of Madrid and stood as the candidate to replace outgoing mayor José María Álvarez del Manzano, also from the PP. In the last local elections of 2007, Ruiz-Gallardón increased the PP majority in the City Council to 34 seats out of 57, taking 55.5% of the popular vote and winning in all but two districts.

Links


← back
venezuela map

SHORT INFO

  • flag spain
  • Capital: Madrid
  • Official languages: Spanish
  • GDP
  • GDP (PPP) 2007 estimate
  • - Total $1.310 trillion (11th)
  • - Per capita $33,700 (2007) (27th)
  • Population
  • - July 2007 estimate 45,200,737 (28th)
Get Adobe Flash Player Download Flash Player

Enable Javascript in your browser to see this content also

Website design by Riskmedia Solutions