Spanish economic miracle

E468596

The Spanish economic miracle was a period of rapid industrialization and sustained economic growth in Spain during the 1960s and early 1970s that transformed the country from a largely agrarian economy into a modern industrial state.

All labels observed (3)

How this entity was disambiguated

Statements (54)

Predicate Object
instanceOf economic phenomenon ⓘ
period of economic growth ⓘ
alsoKnownAs Spanish miracle ⓘ
milagro económico español ⓘ
associatedWith Opus Dei technocrats ⓘ
Spanish technocrats ⓘ
country Spain ⓘ
demographicEffect growth of major cities ⓘ
rural depopulation ⓘ
economicPolicy currency stabilization ⓘ
development of industrial estates and development poles ⓘ
liberalization of the Spanish economy ⓘ
opening to foreign investment ⓘ
promotion of exports ⓘ
reduction of state intervention in markets ⓘ
tourism promotion ⓘ
endTime 1973 ⓘ
followedBy 1973 oil crisis impact on Spain ⓘ
governmentTypeDuringPeriod authoritarian regime ⓘ
influencedBy foreign capital inflows ⓘ
growth of international tourism to Spain ⓘ
remittances from Spanish emigrants ⓘ
internationalContext postwar Western European economic expansion ⓘ
laborMarketEffect decline in agricultural employment ⓘ
increase in industrial employment ⓘ
increase in service employment ⓘ
mainCharacteristic decline of agriculture as share of GDP ⓘ
expansion of manufacturing and services ⓘ
rapid industrialization ⓘ
structural transformation of the economy ⓘ
sustained high economic growth ⓘ
politicalContext Francoist Spain ⓘ
precededBy autarkic economic policies of early Franco regime ⓘ
resultedIn convergence towards Western European income levels ⓘ
expansion of the middle class ⓘ
growth of automobile industry ⓘ
growth of construction sector ⓘ
growth of tourism sector ⓘ
improvement in infrastructure ⓘ
increase in per capita income ⓘ
increased foreign direct investment ⓘ
increased foreign trade ⓘ
mass internal migration from rural to urban areas ⓘ
rapid GDP growth ⓘ
reduction in relative economic isolation ⓘ
urbanization ⓘ
sectorMostAffected construction ⓘ
industry ⓘ
services ⓘ
tourism ⓘ
startTime 1959 ⓘ
timePeriod 1960s ⓘ
early 1970s ⓘ
triggeredBy 1959 Stabilization Plan ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Stabilization Plan of 1959 → chronologicalFollowedBy → Spanish economic miracle ⓘ
Spanish economic miracle → alsoKnownAs → Spanish miracle ⓘ
linked to: Spanish economic miracle
Spanish economic miracle → alsoKnownAs → milagro económico español ⓘ
linked to: Spanish economic miracle