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Finance of Spain

The minimum monthly wage in Spain is 1006 USD. With regard to consumer prices, the inflation rate in Spain is 1.8%. The currency of Spain is euro. There are several plural forms of the name 'euro'. These are euro, euros. The symbol used for this currency is €, and it is abbreviated as EUR. The euro is divided into cent; there are 100 in one euro. Each year, consumers spend around $810,339 million. The ratio of consumer spending to GDP in Spain is 0.06%, and the ratio of consumer spending to the world consumer market is 188%. The corporate tax in Spain is set at 25%. Personal income tax ranges from 20% to 49%, depending on your specific situation and income level. VAT in Spain is 21%. In 2013, Spain received 487.5 million USD in foreign aid.In 2014, the foreign aid amounted to 607.5 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Spain is $1,572,112 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Spain was last recorded at $33,883,585. PPP in Spain is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Spain is 1,393,040 billion. Based on this statistic, Spain is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Spain. The Gross Domestic Product (GDP) per capita in Spain was last recorded at $30,024,063. The average citizen in Spain has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Spain averaged 1.3% in 2014. According to this percentage, Spain is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.