Exports from Spain amounted to US$283.3 billion in 2015, down by -5% since 2011 and down -11.1% from 2014 to 2015.Spain’s top 10 exports accounted for 57% of the overall value of its global shipments.Based on statistics from the International Monetary Fund’s World Economic Outlook Database, Spain’s total Gross Domestic Product amounted to $1.636 trillion in 2015.Therefore, exports accounted for about 17.3% of total Spanish economic output.
As Spain emerged, under-developed and economically weak, from the isolation of the Franco dictatorship, the EU was seen as its benevolent benefactor.Now, six years into an economic crisis which has left 27% of the population unemployed, it is viewed as the belligerent bully which is forcing Spain to its knees with austerity measures.Since 2007, Spanish approval of the EU has almost halved.
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