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The construction of buildings brought Spain the biggest increase in economy in EU , in the last 10 years .The main ressource of Spain’s GDP was the Housin Market that consisted about 5%-15% of Real GDP every year. The oproximately rate of growth of GDP for the last 4 years was about 3%-4% per year, but the economists assume that for 2008 the growth rate will be about 1%, that is meaning that there is a slowdown, and if the gouvernment will don’t care about it , this decreasing can lead to a recession.
Spain’s Real GDP 2003-2007
2003(a) 2004(a) 2005(a) 2006(a) 2007(b)
GDP at market prices (?bn) 783 841 908 981 1054
GDP (US$ bn) 885...
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