Name: Dhruv Tejusinghani

Date: 01/21/2018
Period 2

GDP – SPAIN
GDP of Spain
GDP stands for Gross Domestic Product. It is the total value of products produced in a country

during one year. It identifies how healthy and wealthy a country is. GDP is calculated through a

formula. The formula is private consumption + gross investment + government investment +

government spending + (exports – imports). Spain’s GDP for the past 20 years has been fairly

acceptable. Spain’s highest point of GDP in the past 20 years was in 2008 at a whopping 1,635

billion. (Surprising that they had a high GDP in such a financially troubled year). Their lowest

point of GDP in the past 20 years was in 1997 at a teeny 588.7 billion. Yikes! The latest amount

of GDP was in 2016 at a decent 1,232 billion. At least they have something to look forward to.

GDP of Spain in Billions

1800 GDP
Year:
1600 Billions:
1997
1400
588.7
1998 617
1200
1999 633
1000
2000 595.4
800
2001 626
2002
600 705.1
2003
400 906.9
2004
200 1070
2005
0 1157
20061 2 312654 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

2007 1479
2008 1635
GDP Billions
2009 1499
2010 1432
2011 1488
2012 1336
2013 1362
2014 1376
2015 1193
2016 1232
GDP Per Capita

GDP Per Capita is defined as a measure of a country’s economic output that accounts for its

number of people. It is especially useful when comparing one country to another, because it

shows the performance between countries. GDP per capita is calculated by taking the GDP of a

country and dividing it by the population of that country. Spain’s GDP per capita for the past 20

years can be depicted in the graph below. The highest GDP per capita Spain had was in 2008

again at a high of $35,578.74. The lowest point was in 2000 at $14,676.7. The most current

GDP per capita is in 2016 at $26,528.49.

GDP Per Capita

GDP Per
Year: Capita: 40000.00

14696.2 35000.00
1997 2
15340.3 30000.00
1998 3
25000.00
15678.2
1999 2 20000.00
2000 14676.7
15323.6 15000.00
2001 1
10000.00
17019.5
2002 4 5000.00
21495.7
2003 1 0.00
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
24918.6
2004 5 GDP Per Capita
26510.7
2005 2
28482.6
2006 1
32709.4
2007 0
35578.7
2008 4
 32333.4
2009 7
30736.0
2010 0
31834.2
2011 2
28562.2
2012 9
29210.0
2013 9
29600.4
2014 7
25683.8
2015 5
26528.4
2016 9

Exchange Rate (Euro to USD)

Exchange Rate is the value of one currency for the purpose of conversion to another. Factors that

influence exchange rate include interest rates, inflation rate, trade balance, political stability,

internal harmony, high degree of transparency in the conduct of leaders and administrators,

general state of economy, and quality of governance. The highest exchange rate was in 2001 at

$1.123. The lowest was in 2007 at $0.684. The current exchange rate in 2016 is $0.947.

Exchange Rate
Exchang 1.2
Year: e Rate:
1997 0.91 1
1998 0.852
1999 0.997 0.8
2000 1.066
2001 1.123 0.6
2002 0.953
2003 0.792
0.4
2004 0.735
2005 0.847
0.2

0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Exchange Rate
 2006 0.758
2007 0.684
2008 0.719
2009 0.697
2010 0.745
2011 0.772
2012 0.758
2013 0.726
2014 0.822
2015 0.918
2016 0.947

GDP Growth Rate in %

GDP Growth Rate is the rate at which a nation’s GDP changes or grows from one year to

another. It indicates how well a country is doing over the years. For example, when the economy

expands the growth rate is positive. If the economy is shrinking the growth rate is negative. The

highest growth rate was in 2000 at 5.3%. The lowest growth rate was in 2009 at -3.6%. The

current rate in 2016 is 3.2%.

GDP Growt h Rate in %

GDP
6.0
Growth
Rate in 4.0
Year: %:
1997 3.7 2.0
1998 4.3
1999 4.5 0.0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
2000 5.3
-2.0
2001 4.0
2002 2.9 -4.0
2003 3.2
-6.0

GDP Growth Rate in %

 2004 3.2
2005 3.7
2006 4.2
2007 3.8
2008 1.1
2009 -3.6
2010 0.0
2011 -1.0
2012 -2.9
2013 -1.7
2014 1.4
2015 3.2
2016 3.2

Exports, percent of GDP

Exports, percent of GDP is the percentage of goods that are exported or sold to other countries.

The highest export percent of GDP was in 2016 which is also the current one at 33.07%. The

lowest percent of GDP was in 2009 at 22.67%.

Exports, percent of GDP

35
Exports
30
,
25
percen
t of
20Year: GDP:
1997 25.75
151998 26.18
1999 26.4
10
2000 28.62
2001 27.86
5
2002 26.48
02003 25.45
1 2
2004 3 25.18
4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

2005 24.67 Exports, percent of GDP

 2006 24.87
2007 25.71
2008 25.32
2009 22.67
2010 25.52
2011 28.92
2012 30.7
2013 32.22
2014 32.67
2015 33.18
2016 33.07

Imports, percent of GDP

Imports
,
percent
Year: of GDP:
1997 25.54
1998 26.68
1999 28.34
2000 31.62
2001 30.21
2002 28.51
2003 27.65
2004 29.03
2005 29.67
2006 30.79
2007 31.7
2008 30.44
2009 23.82
2010 26.82
2011 29.17
2012 29.23
2013 29
2014 30.28
2015 30.67
2016 29.93
Imports, percent of
Imports, percent of GDP
GDP is the percentage
35.00

of goods that are

30.00

imported or bought
25.00

from other countries.

20.00

The highest import 15.00

percent of GDP was in 10.00

2007 at 31.7%. The 5.00

lowest percent of GDP 0.00

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
was in 1997 at
Imports, percent of GDP

25.54%. The current import percent of GDP stands at 29.93% in 2016.

Bibliography/Works Cited

 “US Dollar to Euro Spot Exchange Rates for 2016 from the Bank of

England.” The Pound Sterling Live - Today's Rolling Coverage of the

 British Pound Sterling, www.poundsterlinglive.com/bank-of-england-

spot/historical-spot-exchange-rates/usd/USD-to-EUR-2016.

 “Yearly Average Currency Exchange Rates.” Internal Revenue Service,

www.irs.gov/individuals/international-taxpayers/yearly-average-currency-

exchange-rates.

 “Spain Flag.” Spain, fotw.info/flags/es.html.

 Boundless. “Comparing Real and Nominal GDP.” Comparing Real and

Nominal GDP | Boundless Economics,

courses.lumenlearning.com/boundless-economics/chapter/comparing-real-

and-nominal-gdp/.

 * All products require an annual contract.    Prices do not include sales

tax    (New York residents only). “EUR USD Annual Average Exchange

Rate 1999-2017 | Statistic.”Statista,

www.statista.com/statistics/412794/euro-to-u-s-dollar-annual-average-

exchange-rate/.

 . “Current and Historical Rate Tables.” XE Currency Table: USD - US

Dollar, www.xe.com/currencytables/?from=USD&date=2008-12-31.

 “What Is an Exchange Rate? Definition and

Meaning.” BusinessDictionary.com,

www.businessdictionary.com/definition/exchange-rate.html.

 Amadeo, Kimberly. “How to Calculate the GDP Growth Rate.” The

Balance, www.thebalance.com/what-is-the-gdp-growth-rate-3306016.