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The economy of Spain is a highly developed social market economy. It is the world's fourteenth-largest by nominal GDP as well as one of the largest in the world by purchasing power parity. Spain is a member of the European Union and the eurozone, the Organization for Economic Co-operation and Development and the World Trade Organization. Spain has a capitalist mixed economy. The Spanish economy is the fifth-largest in Europe. In 2019, Spain was the fifteenth-largest exporter in the world and the fourteenth-largest importer. Spain is listed 25th in the United Nations Human Development Index and 32nd in GDP per capita by the World Bank. It is therefore classified as a high income economy, and among the countries of very high human development. In 2015, the Spanish GDP grew by 3.2%, a rate not seen since 2007, the last year before the world financial crisis struck. This growth rate was the highest among the larger EU economies that year. In just two years (2014–2015), the Spanish economy recovered 85% of the GDP lost during the 2009–2013 recession. This success led some international analysts to refer to Spain's current recovery as "the showcase for structural reform efforts". Strong GDP growth was registered also in 2016, with the country growing twice as fast as the eurozone average. In this regard, the Spanish economy was forecast to remain the best-performing major economy in the eurozone in 2017. Spain's unemployment rate fell substantially from 2013 to 2017. The real unemployment rate is much lower, as there is an estimation of millions of people working in the grey market, people who count as unemployed or inactive yet still perform jobs. Although estimates of the hidden economy vary, the real Spanish GDP may be around 20% bigger as it is estimated that the underground economy of Spain moves annually 190 billion Euros. Among high income European countries, only Italy and Greece are estimated to have larger underground economies than Spain. Thus Spain may have higher purchasing power as well as a smaller gini coefficient than shown in official numbers.