Employment in Spain
Spain has the twelfth-largest world economy and the fifth largest in the EU. Through the 1990’s and most of the 2000s, Spain attracted huge foreign investment due to a boom in property development. Some 12% of its workforce was associated with construction work in 2007, this led to a significant increase in unemployment rates when many construction projects were cancelled as a result of the 2008 financial crisis.
Spain main export products are machinery, electronic devices, vehicles and food.
The Kingdom of Spain has 47 million inhabitants with a population density that is lower than most other Western European countries. Spain is mainly populated along its coast. Its capital Madrid has a population of 3.3 million. During the twentieth century, the population op Spain has doubled, mainly because of high birth rate.
During 17th and 18th century, the Spanish empire stretched over all continents. This led to emigration of Spanish people to mainly Latin America. In recent years Spain has seen high immigration rates. Mainly because its boom in property construction attracted many, primarily lower skilled, workers from Eastern European countries. Spain also sees quite some immigration from its former colonies and from neighboring country, Morocco.
The so called 'property bubble' in Spain meant that many jobs, related to construction, disappeared. Although the level of education in Spain is relatively high, still many graduates have problems finding jobs in the current Spanish economy.