Spain’s gross domestic product plunged 11 percent last year, data from the National Statistics Institute showed on Friday. That’s more than the economy shrank over the five years during and after the global financial crisis. Historians said the nation’s economy marked the steepest drop since Spain’s 1936-39 civil war. Statistics by the Funcas think tank showed that the crucial tourism sector accounted for just five percent of Spain’s GDP (compared with 12 percent in 2019), as the coronavirus pandemic crippled global travel demand. Agriculture was the only economic sector to expand, growing by 4.7 percent over 2020. Public spending incr
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