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Economy of Spain (history)
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Spain’s economy grew before 2008; then country faced the recession. When Spain joined euro, house prices rose 44% from 2004 to 2008. Economy grew by 3.7% each year before 2008, but then it stopped on 1% annual growth. Spain’s government faced big problems with the highest unemployment rate in Europe and with high prices on property.

In addition, as I mentioned before, one of Spain’s biggest problems is its increasing rate of unemployment. The WTTC published that travel and tourism directly supported 894,000 jobs in Spain. This means that 5. 2% of workers were related to this specific sector of the economy (2013). All the figures I just pointed out reflect the positive and remarkable impact of tourism in Spain’s economy.

With a population of approximately 45 million Spaniards and 3. 5 million immigrants, Spain is a country of contrasts where the richness of its culture blends it up with the variety of languages and dialects used. Being one of the largest economies worldwide, and the second largest country in Europe, Spain is a very appealing destination for tourists as well as for immigrants from around the globe.

More than 57 million tourists visited Spain in 2012. Moreover, there was a high new record of 56 billion Euros reached in spent by international tourists in Spain. The growth of the number of international tourists that visited Spain in 2012 helped the country’s economy by contributing €57. 1 billion to the GDP (ITE, 2013).

Although its position has declined, agriculture a significant part of Spain’s national economy and landscape. Spain has more than twelve millions acres under permanent percent of Spain’s workers are employed in agriculture, and in 1987 they produced about six percent of the gross domestic product. They produce crops such as sugar cane, cotton, mulberries, citrus fruits, bananas, dates, figs, almonds, sunflowers, olives, tomatoes, green beans, avocados, wheat, rice barley, and tobacco.

8 billion in 2012 (WTTC, 2013). In addition, the fact that prices in Spain are low compared to other countries in the European Union, makes Spain more attractive to receive investments and be chosen as a holiday destination. All these positive consequences of the international tourism in the Spanish economy are helping the country to achieve the goal of not seeing Spain as a burden for the European Union.

Since tourism in Spain represents a large part of its Gross Domestic Product, this sector of the economy will have a considerable impact on the country’s economic performance. The growth of international and national tourism has helped the country to stay “economically alive” (Barreira, 2013). Positive Impact on International Tourism In relation to   international tourism, Spain is the 4th country in the world to receive the highest number of tourists.

Spain has a lot to offer to a tourist. Spain is well connected to all other countries and continents by air. Spain itself has a good network of Railways and Roads network, which makes moving around Spain easier and comfortable. Spain Tourism or while on a Spain Tour some important cities and beaches should not be missed.

However, there are several facts that explain how tourism is helping Spain to overcome this situation: Tourism represented a total contribution of 15. 2 % of Spain’s Gross Domestic Product in 2012. Tourism has a great impact on the performance of the Spanish economy. Spain has received more than 57 million international tourists during 2012, which mean it had year-over-year growth of 2.

All these negative aspects of the country’s critical situation are bringing Spain forward to be a candidate for receiving a bailout from the European Union. Despite being in this delicate position, it is not all about negative figures in Spain. There is one sector of the Spanish economy that is helping the country to come back on track: tourism.

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