Major industries in the country are textiles and apparel (including footwear), food and beverages, metals and metal manufactures, chemicals, shipbuilding, automobiles, machine tools, tourism, clay and refractory products, footwear, pharmaceuticals, medical equipment. The Industrial Production growth rate of Spain is -2%.16.3% of population in the country are unemployed. The total number of unemployed people in Spain is 7,562,785. Spain produces 276,500 GW/h of electricity each year. Spain emits 5.8 metric tons per capita of CO₂. On average, you would pay 1.63 USD for one liter of gasoline in Spain. One liter of diesel would cost 1.14 USD.
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Economy of Spain
Spain is considered a developed country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developed country, Spain is able to offer its citizens social services such as public education, health care and law enforcement. Citizens of developed countries enjoy a high standard of living and longer life expectancies than citizens of developing countries. Every year, Spain exports about US$458 billion and imports about US$431 billion. 16.3% of the country's population is unemployed. The total number of unemployed in Spain is 7,562,785. In Spain, 21.1% of the population lives below the poverty line. The proportion of citizens living below the poverty line in Spain is relatively high, but does not give rise to total concern in terms of investment. Potential lenders should look at other economic indicators, including GDP, urbanization rate and currency strength, before making investment decisions. Government spending on education is 4.3% of GDP. The country's Gini index is 34. Spain has good equality. The majority of citizens in Spain fall within a narrow income bracket, although in some cases there can be significant disparities. Spain has a Human Development Index (HDI) of 0.869. Spain has a very high HDI value. This suggests that almost all citizens are able to lead a desirable life because of social and economic support; Citizens with a low standard of living receive help and support and have the opportunity to advance in society. The Global Peace Index (GPI) for Spain is 1.451. Due to the strong presence of the law enforcement authorities and the high level of social responsibility, Spain is very safe in international comparison. The strength of the Legal Rights Index for Spain is 5.