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About Spain

  • The Spanish road system is mainly centralized, with 6 highways connecting Madrid to the Basque Country, Catalonia, Valencia, West Andalusia, Extremadura and Galicia. Additionally, there are highways along the Atlantic (Ferrol to Vigo), Cantabrian (Oviedo to San Sebastián) and Mediterranean (Girona to Cádiz) coasts.
  • There are 47 public airports in Spain. The busiest one is the airport of Madrid (Barajas), with 50.8 million passengers in 2008, being the world's 11th busiest airport, as well as the European Union's fourth busiest. The airport of Barcelona (El Prat) is also important, with 30 million passengers in 2008. Other main airports are located in Gran Canaria, Málaga, Valencia, Seville, Mallorca, Alicante and Bilbao.
  • Spain aims to put 1 million electric cars on the road by 2014 as part of the government's plan to save energy and boost energy efficiency. The Minister of Industry Miguel Sebastian said that "the electric vehicle is the future and the engine of an industrial revolution."
  • Spain's capitalist mixed economy is the twelfth largest worldwide and the fifth largest in the European Union, as well as the Eurozone's fourth largest.
  • The centre-right government of former prime minister José María Aznar worked successfully to gain admission to the group of countries launching the euro in 1999. Unemployment stood at 7.6% in October 2006, a rate that compared favorably to many other European countries, and especially with the early 1990s when it stood at over 20%. Perennial weak points of Spain's economy include high inflation, a large underground economy, and an education system which OECD reports place among the poorest for developed countries, together with the United States and UK.
  • However, the property bubble that begun building from 1997, fed by historically low interest rates and an immense surge in immigration, imploded in 2008, leading to a rapidly weakening economy and soaring unemployment. By the end of May 2009, unemployment reached 18.7% (37% for youths).
  • Before the current crisis, the Spanish economy was credited for having avoided the virtual zero growth rate of some of its largest partners in the EU. In fact, the country's economy created more than half of all the new jobs in the European Union over the five years ending 2005, a process that is rapidly being reversed. The Spanish economy has been until recently regarded as one of the most dynamic within the EU, attracting significant amounts of foreign investment.
  • The most recent economic growth benefited greatly from the global real estate boom, with construction representing an astonishing 16% of GDP and 12% of employment in its final year.
  • According to calculations by the German newspaper Die Welt, Spain was on course to overtake countries like Germany in per capita income by 2011. However, the GDP per capita of Spain was still lower than the European Union average at US$29,875 in 2010, making it the second lowest in the Western Europe after Portugal. The downside of the now defunct real estate boom is also a corresponding rise in the levels of personal debt: as prospective home owners struggled to meet asking prices, the average level of household debt tripled in less than a decade. This placed especially great pressure upon lower to middle income groups; by 2005 the median ratio of indebtedness to income had grown to 125%, due primarily to expensive boom time mortgages that now often exceed the value of the property.
  • In 2008/2009 the credit crunch and world recession manifested itself in Spain through a massive downturn in the property sector. Fortunately, Spain's banks and financial services avoided the more severe problems of their counterparts in the USA and UK, due mainly to a stringently enforced conservative financial regulatory regime. The Spanish financial authorities had not forgotten the country's own banking crisis of 1979 and an earlier real-estate-precipitated banking crisis of 1993. Indeed, Spain's largest bank, Banco Santander, participated in the UK government's bail-out of part of the UK banking sector.
  • A European Commission forecast predicted Spain would enter a recession by the end of 2008. According to Spain’s Finance Minister, “Spain faces its deepest recession in half a century”. Spain's government forecast the unemployment rate would rise to 16% in 2009. The ESADE business school predicted 20%.
  • Public holidays celebrated in Spain include a mix of religious (Roman Catholic), national and regional observances. Each municipality is allowed to declare a maximum of 14 public holidays per year; up to nine of these are chosen by the national government and at least two are chosen locally. Spain's National Day (Fiesta Nacional de España) is 12 October, the anniversary of the Discovery of America and commemorate Our Lady of the Pillar feast, patroness of Aragón and throughout Spain.
  • In the 8th century, nearly all of the Iberian Peninsula was conquered (711–718) by largely Moorish Muslim armies from North Africa. These conquests were part of the expansion of the Umayyad Islamic Empire. Only a small area in the mountainous north-west of the peninsula managed to resist the initial invasion.
  • Under Islamic law, Christians and Jews were given the subordinate status of dhimmi. This status permitted Christians and Jews to practice their religions as people of the book but they were required to pay a special tax and to be subject to certain discriminations.
  • Conversion to Islam proceeded at a steadily increasing pace. The muladies (Muslims of ethnic Iberian origin) are believed to have comprised the majority of the population of Al-Andalus by the end of the 10th century.
  • The Muslim community in the Iberian peninsula was itself diverse and beset by social tensions. The Berber people of North Africa, who had provided the bulk of the invading armies, clashed with the Arab leadership from the Middle East. Over time, large Moorish populations became established, especially in the Guadalquivir River valley, the coastal plain of Valencia, the Ebro River valley and (towards the end of this period) in the mountainous region of Granada.
  • Córdoba, the capital of the caliphate, was the largest, richest and most sophisticated city in western Europe. Mediterranean trade and cultural exchange flourished. Muslims imported a rich intellectual tradition from the Middle East and North Africa. Muslim and Jewish scholars played an important part in reviving and expanding classical Greek learning in Western Europe. The Romanized cultures of the Iberian peninsula interacted with Muslim and Jewish cultures in complex ways, thus giving the region a distinctive culture. Outside the cities, where the vast majority lived, the land ownership system from Roman times remained largely intact as Muslim leaders rarely dispossessed landowners, and the introduction of new crops and techniques led to a remarkable expansion of agriculture.
  • In the 11th century, the Muslim holdings fractured into rival Taifa kingdoms, allowing the small Christian states the opportunity to greatly enlarge their territories. The arrival from North Africa of the Islamic ruling sects of the Almoravids and the Almohads restored unity upon the Muslim holdings, with a stricter, less tolerant application of Islam, and saw a revival in Muslim fortunes. This re-united Islamic state, experienced more than a century of successes that partially reversed Christian gains.
  • Artists from Spain have been highly influential in the development of various European artistic movements. Due to historical, geographical and generational diversity, Spanish art has known a great number of influences. The Moorish heritage in Spain, especially in Andalusia, is still evident today in cities like Córdoba, Seville, and Granada. European influences include Italy, Germany and France, especially during the Baroque and Neoclassical periods.
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