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Spain is a country and a member of the European Union located in southwestern Europe on the Iberian Peninsula. Its mainland is bordered to the south and east by the Mediterranean Sea except for a small land boundary with the British Overseas Territory of Gibraltar; to the north by France, Andorra, and the Bay of Biscay; and to the northwest and west by the Atlantic Ocean and Portugal. Spanish territory also includes the Balearic Islands in the Mediterranean, the Canary Islands in the Atlantic Ocean off the African coast, and two autonomous cities in North Africa, Ceuta and Melilla, that border Morocco. Furthermore, the town of Llívia is a Spanish exclave situated inside French territory. With an area of 504,030 square kilometers or 194,610 square miles, it is the second largest country in Western Europe and the European Union after France, and the fourth largest country in Europe after Russia, Ukraine and France. It is a developed country with the twelfth largest economy in the world by nominal GDP, and very high living standards, including the tenth-highest quality of life index rating in the world, as of 2005. It is a member of the United Nations, European Union, NATO, OECD, and WTO. During the last four decades the Spanish tourism industry has grown to become the second biggest in the world, worth approximately 40 billion Euros. Today, the climate of Spain, its historical and cultural monuments and its geographic position together with its facilities make tourism one of the main economic sources for the country.
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