How does Spain have such a strong economy? - ProProfs Discuss
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How does Spain have such a strong economy?

Asked by J. Pollock, Last updated: Jan 12, 2021

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3 Answers

E. Barnes

E. Barnes

But Can you play this?

E. Barnes
E. Barnes, Professional Gamer, Professional Gamer, Washington

Answered Oct 13, 2020

The reason Spain is usually reported to have a strong economy is not that the country is the world's largest economy; in fact, Spain is not the country with the largest economy in Europe. Currently, the economy of Spain is regarded as the sixth-largest in Europe.

When people are describing Spain to have a strong economy, they are talking about the surprising way the country was able to recover from the financial crisis that the country entered, particularly between 2007-2008. During this period, Spain had the worst economy as it had to battle a serious recession. One of the things that characterized that period is inflation.

Also, millions of people lost their jobs to the financial crisis. However, things started getting better for Spain in 2013 when the country first recorded a positive economic situation. The trade surplus attained during this period allowed the country to reverse the trade deficit that was recorded in the past years.

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S.Sophie

S.Sophie

S.Sophie
S.Sophie

Answered Sep 29, 2020

Though it is not the top economy in the world, Spain does have a strong economy of its own. There are many reasons for their strong economy. One of the reasons is the tourism of Spain. People from all across the world come to Spain to experience its landscape, history, and nightlife.

Tourism brings in most of Spain's economy. Another reason why Spain has a strong economy is due to its sports. It is mainly known for its soccer teams, which brings in a great part of Spain's revenue as a country. Along with sports, the goods and services Spain offers, such as textiles helps Spain have a strong economy.

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W. Mocroft

W. Mocroft

Love to do some charity work. Have a passion for writing and do it in my spare time

W. Mocroft
W. Mocroft, Philanthropist, Master Degree in International Business, Las Vegas

Answered Mar 05, 2019

One reason Spain has such a strong economy is due to their tourism, sports and location. Their climate is usually wonderful. They are located where their seasons have great weather and include temperatures that range in the 70 degree Fahrenheit to 80 degree Fahrenheit. Therefore, their summers are not too hot and their winters are not too cold. Their average temperature allows for tourism because people can come during any season.

One reason Spain has such a strong economy is due to their tourism, sports and location. Their
Spain capitalized on their great climate and being close to the beach, they have many tourist spots. Also, they have great agriculture and automotive industries. With so many things that appeal to other countries, Spain can strengthen their economy based on tourism, agriculture and automotive industries. It seems Spain will keep their economy strong.

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