Spain

Spain's powerful world empire of the 16th and 17th centuries ultimately yielded command of the seas to England. Spain remained neutral during both World Wars but suffered through a devastating civil war (1936-39) resulting in a dictatorship. A peaceful transition to democracy after the death of dictator Francisco FRANCO in 1975 and rapid economic modernization after Spain joined the EU in 1986 gave Spain a dynamic and rapidly growing economy. After a severe recession in the wake of the global financial crisis in 2008, Spain has posted solid years of GDP growth above the EU average. Unemployment has fallen but remains high, especially among youth. Spain is the euro-zone's fourth-largest economy. The country has faced increased domestic turmoil in recent years due to the independence movement in its restive Catalonia region.