Asked by: Asis Gapko
asked in category: General Last Updated: 6th May, 2020

What is the level of development in Spain?

The HDI ranges from 0 (low development) to 1 (high development) and reflects income as well as life expectancy and education. The value for Spain in 2014 was 0.876, rank 27 in the world, roughly at par with its GDP per capita ranking.

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Correspondingly, is Spain a developed or developing country?

Spain is a developed country. Nearly all organizations that analyze development status classify it as such. Spain has a strong per capita gross domestic product (GDP), a long life expectancy and a low infant mortality rate. Spain's per capita GDP, as of 2016, is $34,526.

Additionally, what is Spain's growth rate? 3.1% annual change (2017)

Just so, what makes up Spain's GDP?

The GDP figure in 2019 was $1,393,505 million, Spain is number 13 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Spain rose $34,028 million with respect to 2018. The GDP per capita of Spain in 2019 was $29,690, $1,043 higher than in 2018, it was $30,733.

Is Spain a poor or rich country?

Spain is not rich (by your standards) but it is not poor. The word“Poor” is very relative.

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