The busted construction bubble, the international financial and economic crisis and lower revenues from tourism contribute to Spain falling out of the GDP top ten. The country will fall from an 8th place to 12th the coming years, in the process being passed by India and Brazil. That is the projection made public by the International Monetary Fund.
By 2014 Spain's Gross Domestic Product will decrease 2.1% according to the IMF. The shrinking of the Spanish economy is felt even harder by its´ citizens. On the per capita income ladder Spain occupies a 29th spot, behind amongst others it's EU-neighbours Italy and France.
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