No. "Hispanic" means "from a Spanish-speaking decent". Caucasian is a word meaning "White" from European, North Africa or Western Asia decent. Spain is in Europe and is predominately white. Some Hispanics are white, some are black, some are mixed race. Hispanic is not a race. According to demographics from the US Census bureau, the categories for race are "White, Black or African American, Asian, American Indian and Alaska Native, Native Hawaiian and Other Pacific Islander"

People from Spain and Portugal are Caucasian. Most people in Central America and South America have more European blood than Indian blood.