Spain has a mixed economy and is the fifth largest in Europe. It is plagued by issues such as high inflation, large underground economy and low productivity. But, it has successfully avoided the virtual zero growth rate and has created more than half of the new jobs for EU. Spanish tourism industry has grown to become the second largest in the world.
Spain is one of the less expensive countries; it is possible to survive easily in just 30 €. An average meal would cost 8 € to 12 €.