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Spain Contracts

Spain's mixed capitalist economy supports a GDP that on a per capita basis is three-fourths that of the four leading West European economies. The major industries produce textiles and apparel, foods and beverages, metals and metal products, chemicals, ships, automobiles, machine tools, clay and refractory products, footwear, pharmaceuticals, and medical equipment. Tourism is Spain's greatest source of income. Among the leading exports are machinery; motor vehicles; fruit, wine, and other food products; and pharmaceuticals. Major imports include machinery and equipment, fuels, chemicals, manufactured goods, foodstuffs, and medical instruments. Spain's greatest trade is with France, Germany, Italy, and Great Britain.

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