Spain is a sovereign state located on the Iberian Peninsula in Southern Europe. It is a middle power and a major developed country[1] with the world's fourteenth largest economy by nominal GDP and sixteenth largest by purchasing power parity. It is a member of the United Nations (UN), the European Union (EU), the Eurozone, the Council of Europe (CoE), the Organization of Ibero-American States (OEI), the North Atlantic Treaty Organization (NATO), the Organisation for Economic Co-operation and Development (OECD), the Schengen Area, the World Trade Organization (WTO) and many other international organisations. Spain has a "permanent invitation" to the G20 summits that occur generally once a year.
For further information on the types of business entities in this country and their abbreviations, see "Business entities in Spain".
^Whitehouse, Mark (6 November 2010). "Number of the Week: $10.2 Trillion in Global Borrowing". The Wall Street Journal.
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