Effect of Economic Crisis on Spain

EFFECT OF
ECONOMIC
CRISIS ON SPAIN

Introduction
■ The financial crisis in 2008 started with the collapse of Lehman
and Brothers.
■ The crisis is the largest after the Great Depression in 1930.
■ The financial crisis has hurt most of the countries in the world.
■ Spain has also experienced impact of the crisis.
■ The analysis of the impact is done by considering the
macroeconomic indicators such as gross domestic product
(GDP), inflation and unemployment.

Trend of Gross Domestic Product
■ In 2008, the GDP of Spain was recorded as
$1.63 trillion.
■ The economic crisis that occurred has impacted
the country adversely.
■ The GDP continued to fall till 2010 and the
recorded GDP that year was $1.42 trillion.
■ With minimal fluctuations, the GDP of Spain kept
on decreasing and touched the lowest GDP of
$1.20 trillion in 2015 after the advent of
economic crisis.
■ After 2015, the GDP of the country has been
gradually increasing but is still below the value
recorded in 2008.

Trend of Gross Domestic Product
■ The GDP of Spain in 2018 has
been recorded as $1.42
trillion.
■ It is evident from the graph
that there is a downward
trend in GDP if data from
2008 is considered.
■ It can be expected that the
GDP will rise in coming future
despite the down ward trend
in the last ten years because
since 2015 there is a upward
trend in GDP value of the
country.
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
GDP of Spain (in trillion $)