Quick facts:
| Capital: | Flag: |
| Madrid |  |
| Population: | Languages: |
| 46,157,822 | Spanish, Aranese, Basque, Catalan/Valencia, Galician |
| Area (Km2): | GDP (Millions): |
| 504,030 | 1,351,000 |
| Currency: | Currency exchange rates: |
| Euro | Euro Exchange Rates |
Currency:
On 1 January 2002, Spain terminated its peseta currency and replaced it with the euro, which it shares with 15 other countries in the Eurozone. The euro (currency sign: €; currency code: EUR) is the official currency of 16 out of 27 member states of the European Union (EU). The states, known collectively as the Eurozone are: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The currency is also used in a further five European countries, with and without formal agreements and is consequently used daily by some 327 million Europeans.[
Economy:
According to the World Bank, Spain's economy is the eighth largest worldwide and the fifth largest in Europe. As of 2007, absolute GDP was valued at $1,439,000 trillion according to the CIA Factbook. The per capita PPP is estimated at $33,600 (2007), ahead of G7 countries like Italy at $30,900 (2007), France at $32,600 (2007), or Japan at $33,500 (2007). The Spanish economy grew 3.8% in 2007 outpacing all G7 members and all the big EU economies for the 3rd consecutive year. Spain is also the 3rd largest world investor.
General information:
Spain or the Kingdom of Spain (Spanish: Reino de España), is a country located in southwestern Europe on the Iberian Peninsula.[note 6] Its mainland is bordered to the south and east by the Mediterranean Sea except for a small land boundary with Gibraltar; to the north by France, Andorra, and the Bay of Biscay; and to the west by the Atlantic Ocean and Portugal. Spanish territory also includes the Balearic Islands in the Mediterranean, the Canary Islands in the Atlantic Ocean off the African coast, and two autonomous cities in North Africa, Ceuta and Melilla, that border Morocco. With an area of 504,030 km², Spain is the second largest country in Western Europe after France.