Spain has the eighth largest GDP in the world. The region of Valencia accounts for 10 percent of Spain's economy, both in terms of GDP and the relative size of the industrial, services and agricultural sectors. It consists of a wide range of services, such as tourism, commerce, finance, education, health, and transport. Tourism is one of the most important subsectors within the Valencian economy since it provides a large part of regional income and employment. This subsector is also the driving force behind a large part of many other industries, such as construction, transport, real estate purchase and rental, and restaurants and hotels.
Agriculture is another important sector in Valencia.
Nevertheless, it is a fundamental part of the region's make-up in terms of social and cultural impact. Valencia is the leading European supplier of citrus fruits and, more specifically, of table oranges. The most important industries are energy, metallurgy, motor car manufacture, machinery and mechanical equipment, food and drink, wood and furniture, ceramic products, footwear and textiles. Ford Motor Company is a well known American company in Valencia. It has been prospering in the region for over 20 years.