Spain, officially the Kingdom of Spain, is located in Southwestern Europe, bordering the Mediterranean Sea, North Atlantic Ocean, Bay of Biscay, and Pyrenees Mountains.
In 1999 Spain joined the n (EMU) and adopted the euro in place of its former currency, the ”peseta”.
Spain has the fourth largest economy in the euro zone and the 13th largest in the world. In 2020, Spain was one of 4 countries contributing more than a quarter of the EU‘s GDP (Germany, France and Italy)
The Spanish economy is highly dependent on its services and industry sector.