Spain Is The Fifth Weakest In The EU In Terms Of Exports Over GDP


Despite the rhythm of Spain´s export of goods and services over the last five years – which have increased more tan ten percentage points over GDP, rising from only 22.7% in 2012 to 34.1% last year – Spain still finds itself 12 points below the EU average of 46%.

According to Eurostat, the weight of the export of goods and services over GDP in Spain was 34.1% in 2017, which makes the country fifth of those in the EU that export least. Only the UK (30.2%), France (30%), Italy (31.3%) and Greece (33.1%) export less than Spain in relation to GDP.

The countries which export most in relation to GDP are Luxemburg (230%), Ireland (120%), Slovakia (96.3%), Hungary (90.1%), Belgium (85.1%), Slovenia (82.2%) and Lithuania (81.3%). Among the other countries, Denmark (55.1%), Austria (54%), Germany (47.2%), Sweden (45.3%) and Portugal (43.1%) stand out, all greater than Spain last year.


About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.