what is the current economic situation in spain
Strong GDP growth was registered also in 2016, with the country growing twice as fast as the Euro zone average. In this regard, the Spanish economy is forecast to remain the best-performing major economy in the Euro zone also in 2017. Spain's unemployment rate heavily decreased from 2013 to 2017, although the real unemployment rate is much lower, as there is an estimation of millions of people working in the grey market, people who count as unemployed or inactive but still perform jobs. The real Spanish GDP is as well about 20% bigger, as the underground economy moves annually 190.000 million euros (224.200 million USD). From any high income European country, just Italy and Greece have more underground economy than Spain has, so Spain has as well a bigger purchasing power and a smaller GINI coefficient.