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Capital Madrid
ISO 3166 Code ES
Population 46,507,760
Area, Sq KM 504,781
Currency Euro
Official Language Spanish, Catalan, Galician, Basque
GDP, Billion USD 13,93,040
GDP Growth Rate, % 1.3
Inflation, Avg CP, % Chng N/A
Interest Rates, % N/A
Unemployement Rate, % 25.54
Exchange Rate, 1 USD Equals .88
International dial code 34
Time Zone GMT+01:00
Internet TLD .es

Spain is officially known to be the Kingdom of Spain. It is a sovereign state which is located on the Iberian Peninsula in the southwestern Europe. The mainland of the country is bordered on the east and south by the Mediterranean Sea, France, Bay of Biscay and Andorra to the north and northwest, Portugal and the Atlantic Ocean to the west. Along with Morocco and France, Spain is one of the three countries to have both Mediterranean and Atlantic coastlines. Spains border with Portugal is considered the longest uninterrupted border in the European Union.The territory of Spain also includes two archipelagos like the Canary Islands, Balearic Islands and in the Mediterranean Sea, in the Atlantic Ocean off the African coast. Spain has an area of 505,990 square kilometers and is known to be the second largest country in European Union as well as theWestern Europealong with being with the fourth largest country in Europe. In terms of the population, Spain is considered to be the sixth largest in Europe as well as fifth in the European Union. During the middle ages, the area was conquered by Germanic tribes and later by the Moors. In the 15th century, Spain emerged as a unified country. Spain became one of first global colonial empires that historically left a vast linguistic and cultural legacy that includes more than 500 million Spanish speakers which makes Spanish the 2ndmost spoken first language in the world. Spain is a democracy organized in the form of a parliamentary government under a constitutional monarchy. It is a middle power country along with being a developed country.The country also has got the fourteenth largest economy in terms of nominal GDP along with sixteenth largest in terms of purchasing power parity. Spain is a member of the European Union (EU), United Nations (UN), the North Atlantic Treaty Organization (NATO), Council of Europe (COE) and the World Trade Organization, the North Atlantic Treaty Organization (NATO), the Organization for Economic Co-operation and Development (OECD) and several other international organizations. Spains capitalist mixed economy is known to be the 16th largest in the world and the 6th largest in the European Union, as well as 4th largest in Eurozone. By the mid-1990s the economy had recommended the growth that had been hindered immensely by the global recession of the early 1990s. The strong economic growth has helped the government to reduce the debt of the government as a percentage of GDP and even the high unemployment started dropping steadily.

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