Economy

The Spanish economy joins the two-trillion-dollar club

The IMF certifies Spain's data, which recovers twelfth place among the world's most powerful economies, after surpassing Mexico, Australia, and South Korea in recent years

EKN

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The International Monetary Fund (IMF) has just included Spanish GDP among the economies that exceed two trillion dollars in annual productive capacity. Specifically, 2.04 trillion.

In euros, this amounts to approximately 1.6 trillion, a figure that represents double, at current market prices and taking into account price increases, what it represented twenty years agoFor the past two years, the United Nations institution has emphasized that Spain has been the most economically dynamic high-income country, replacing the United States and Canada.Thus, Spain has recovered two places compared to last year and three since the pandemic was overcome. The countries surpassed, which are also nipping at its heels, are Mexico (2.03 trillion), Australia (1.95), and South Korea (1.94), and it is ranked twelfth in global GDP

Above Spain are, in first place, the United States (31.8 trillion), China (20.65), Germany (5.33), India (4.51), Japan (4.46), the United Kingdom (4.23), France (3.56), Italy (2.7), Russia (2.51), Canada (2.42), and Brazil (2.29). 

In GDP per capita, however, Spain ranks 42nd among the countries in the world with IMF data, but it has once again surpassed Slovenia and the Czech Republic, which had overtaken Spain's GDP per person in recent years.