Spain has traditionally been an agrarian economy. In fact, Spain is still the world’s biggest producer of olive oil and third biggest producer of wine. Additionally, the nation is Europe’s biggest producer of lemons, strawberries and oranges.

Spain’s economy, as a result of steady modernization, has become heavily reliant on its industry and service sectors.

Industry in Spain has developed in diverse sectors, including textile, food-processing, machinery, and iron and steel. However, the key contributors to Spain’s economy are:

1. Automotive Industry
2. Tourism Industry
3. Agricultural Industry

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