Whilst the unemployment rates in Spain have been quite high for a number of years now, this is one on several Western Europe countries that has finally started to see an improvement in their overall market conditions.
If you are seeking out a range of potential Binary Options trades to place on companies based or trading in Spain then read on for this guide may just be helpful in enabling you to decide just what trades may be worth placing in your quest to make contiguous Binary Options trading related profits.
The Bank of Spain website is where you will find a wealth of information in regards to the regulation of all banking institutions that are licensed to operate in Spain. Recent ratings given for Government Bonds in Spain are as follows: Standard & Poor’s: BBB, Moody’s rating: Baa2 and the Moody’s outlook is listed as being: POS.
Spain is a signed up full member of the Euro system and they are part of the European Central Bank. As such they use the Euro currency.
Based on the latest set of figures released Spain has International Reserves of US$ 50.226 billion.
Based on the last batch of finalised reports in the last 12 years Spain had 4 years of negative real GDP and below you will find the information regarding just which years were negative and positive.
The following three market sectors and their respective figures are the percentage of composition on each of those market sectors of GDP of Spain.
The Agriculture market sector makes up 3.1% of GDP in Spain, whilst the Industry market sector makes up 26% of the total GDP in Spain and the Services market sector is responsible for 70.8% of total GDP in Spain.
The rate of inflation in Spain over the last 4 years has been reported as being as follows: 2011 3.1%, 2012 2.4%, 2013 1.5% and in 2014 the rate of inflation was 0.0%. Unemployment in Spain again over the same 4 year period has been reported as being 2011 21.4%, 2012 24.8%, 2013 26.1% and in 2014 24.6%.
Spain may have had some economic problems in the last few years, but they are now emerging from that crisis with gusto and as such if you are considering placing any type of Binary Options trades on Spanish companies then the 24Option is a Broker worth signing up to as they offer a bonus which is worth up to $250 for new traders and profits on trades placed there can be as high as 89%.