The Spanish Economy refers to the economic system and activities of Spain, encompassing the production, distribution, and consumption of goods and services within the country. It is characterized by a diverse structure that includes industries such as tourism, automotive, agriculture, and technology. Following a significant economic crisis in the late 2000s, the Spanish economy has undergone various reforms and recovery phases, aiming for growth and sustainability. The economy is influenced by both domestic policies and international trade, as Spain is part of the European Union and the Eurozone. Key indicators of the Spanish economy include GDP growth rate, unemployment rate, inflation, and trade balance.
Spain's pension reform introduces a 2.8% increase for most contributive pensions and a 9% increase for non-contributive benefits, retroactive from January 1. The reform includes a "minimum supplement" for specific…