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Spain Travel insurance
the best insurance cover for your needs from one of
the UK's leading direct sell travel insurance providers.
All claims dealt with quickly, fairly and efficiently.
the best insurance cover for your needs from one of
the UK's leading direct sell travel insurance providers.
All claims dealt with quickly, fairly and efficiently.
Your Advert Here
Get your business seen contact us and get you advert placed in the sidebar of this Website today
Get your business seen contact us and get you advert placed in the sidebar of this Website today
The Home Page
Visit HP today the ideal home page for you, with links to all your favorite sites.
Visit HP today the ideal home page for you, with links to all your favorite sites.
EU-Properties
Buy or sell your Spanish home without the agents fees. Visit eu-properties.com today and save money or find a bargain property in Spain.
Buy or sell your Spanish home without the agents fees. Visit eu-properties.com today and save money or find a bargain property in Spain.
Swapsey.com
Swap your unused or unwanted items with swapsey.com or if your in Spain visit swapsey.eu
Swap your unused or unwanted items with swapsey.com or if your in Spain visit swapsey.eu
The website For everyone thinking of Relocating or Having a Holiday in Southern Spain
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Economy Of Spain
Economy overview Spain s mixed capitalist economy supports a GDP that on a per capita basis is 80% that of the four leading West European economies. The center-right government of former President AZNAR successfully worked to gain admission to the first group of countries launching the European single currency (the euro) on 1 January 1999. The AZNAR administration continued to advocate liberalization, privatization, and deregulation of the economy and introduced some tax reforms to that end. Unemployment fell steadily under the AZNAR administration but remains high at 11.7%. Growth of 2.4% in 2003 was satisfactory given the background of a faltering European economy. Incoming President RODRIGUEZ ZAPATERO, whose party won the election three days after the Madrid train bombings in March, plans to reduce government intervention in business, combat tax fraud, and support innovation, research and development, but also intends to reintroduce labor market regulations that had been scraped by the AZNAR government. Adjusting to the monetary and other economic policies of an integrated Europe - and reducing unemployment - will pose challenges to Spain over the next few years.
GDP purchasing power parity - $885.5 billion (2004 est.)
GDP - real growth rate 2.4% (2004 est.)
GDP - per capita purchasing power parity - $22,000 (2004 est.)
GDP - composition by sector
agriculture: 3.6%
industry: 28.6%
services: 67.8% (2004 est.)
Investment gross fixed 25.6% of GDP (2004 est.)
Population below poverty line NA
Household income or consumption by percentage share
lowest 10%: 2.8%
highest 10%: 25.2% (1990)
Distribution of family income - Gini index 32.5 (1990)
Inflation rate consumer prices 3% (2004 est.)
Labor force 18.82 million (2004 est.)
Labor force by occupation agriculture 7%, manufacturing, mining, and construction 29%, services 64% (2001 est.)
Unemployment rate 11.3% (2004 est.)
Budget
revenues: $330.7 billion
expenditures: $335.3 billion, including capital expenditures of $12.8 billion (2004 est.)
Public debt 62.7% of GDP (2004 est.)
Agriculture products grain, vegetables, olives, wine grapes, sugar beets, citrus; beef, pork, poultry, dairy products; fish
Industries textiles and apparel (including footwear), food and beverages, metals and metal manufactures, chemicals, shipbuilding, automobiles, machine tools, tourism
Industrial production growth rate 1.6% (2004 est.)
Electricity production 222.5 billion kWh (2001)
Electricity production by source
fossil fuel: 50.4%
hydro: 18.2%
other: 4.1% (2001)
nuclear: 27.2%
Electricity consumption 210.4 billion kWh (2001)
Electricity exports 4.138 billion kWh (2001)
Electricity imports 7.588 billion kWh (2001)
Oil production 7,099 bbl/day (2001 est.)
Oil consumption 1.497 million bbl/day (2001 est.)
Oil exports 135,100 bbl/day (2001)
Oil imports 1.582 million bbl/day (2001)
Oil proved reserves 10.5 million bbl (1 January 2002)
Natural gas production 516 million cu m (2001 est.)
Natural gas consumption 17.96 billion cu m (2001 est.)
Natural gas exports 0 cu m (2001 est.)
Natural gas imports 17.26 billion cu m (2001 est.)
Natural gas proved reserves 254.9 million cu m (1 January 2002)
Current account balance $-23.77 billion (2004 est.)
Exports $159.4 billion f.o.b. (2004 est.)
Exports commodities machinery, motor vehicles; foodstuffs, other consumer goods
Exports partners France 19.2%, Germany 11.9%, Italy 9.7%, UK 9.4%, Portugal 9.3%, US 4.2% (2003)
Imports $197.1 billion f.o.b. (2003 est.)
Imports commodities machinery and equipment, fuels, chemicals, semifinished goods; foodstuffs, consumer goods
Imports partners France 16.8%, Germany 16.6%, Italy 8.8%, UK 6.5%, Netherlands 4.9% (2003)
Reserves of foreign exchange gold $26.81 billion (2004 est.)
Debt external $718.4 billion (2004 est.)
Economic aid recipient
Currency euro (EUR)
note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by the financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions with the member countries
Currency code EUR
Exchange rates euros per US dollar - 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999)
Fiscal year calendar year
Economy overview Spain s mixed capitalist economy supports a GDP that on a per capita basis is 80% that of the four leading West European economies. The center-right government of former President AZNAR successfully worked to gain admission to the first group of countries launching the European single currency (the euro) on 1 January 1999. The AZNAR administration continued to advocate liberalization, privatization, and deregulation of the economy and introduced some tax reforms to that end. Unemployment fell steadily under the AZNAR administration but remains high at 11.7%. Growth of 2.4% in 2003 was satisfactory given the background of a faltering European economy. Incoming President RODRIGUEZ ZAPATERO, whose party won the election three days after the Madrid train bombings in March, plans to reduce government intervention in business, combat tax fraud, and support innovation, research and development, but also intends to reintroduce labor market regulations that had been scraped by the AZNAR government. Adjusting to the monetary and other economic policies of an integrated Europe - and reducing unemployment - will pose challenges to Spain over the next few years.
GDP purchasing power parity - $885.5 billion (2004 est.)
GDP - real growth rate 2.4% (2004 est.)
GDP - per capita purchasing power parity - $22,000 (2004 est.)
GDP - composition by sector
agriculture: 3.6%
industry: 28.6%
services: 67.8% (2004 est.)
Investment gross fixed 25.6% of GDP (2004 est.)
Population below poverty line NA
Household income or consumption by percentage share
lowest 10%: 2.8%
highest 10%: 25.2% (1990)
Distribution of family income - Gini index 32.5 (1990)
Inflation rate consumer prices 3% (2004 est.)
Labor force 18.82 million (2004 est.)
Labor force by occupation agriculture 7%, manufacturing, mining, and construction 29%, services 64% (2001 est.)
Unemployment rate 11.3% (2004 est.)
Budget
revenues: $330.7 billion
expenditures: $335.3 billion, including capital expenditures of $12.8 billion (2004 est.)
Public debt 62.7% of GDP (2004 est.)
Agriculture products grain, vegetables, olives, wine grapes, sugar beets, citrus; beef, pork, poultry, dairy products; fish
Industries textiles and apparel (including footwear), food and beverages, metals and metal manufactures, chemicals, shipbuilding, automobiles, machine tools, tourism
Industrial production growth rate 1.6% (2004 est.)
Electricity production 222.5 billion kWh (2001)
Electricity production by source
fossil fuel: 50.4%
hydro: 18.2%
other: 4.1% (2001)
nuclear: 27.2%
Electricity consumption 210.4 billion kWh (2001)
Electricity exports 4.138 billion kWh (2001)
Electricity imports 7.588 billion kWh (2001)
Oil production 7,099 bbl/day (2001 est.)
Oil consumption 1.497 million bbl/day (2001 est.)
Oil exports 135,100 bbl/day (2001)
Oil imports 1.582 million bbl/day (2001)
Oil proved reserves 10.5 million bbl (1 January 2002)
Natural gas production 516 million cu m (2001 est.)
Natural gas consumption 17.96 billion cu m (2001 est.)
Natural gas exports 0 cu m (2001 est.)
Natural gas imports 17.26 billion cu m (2001 est.)
Natural gas proved reserves 254.9 million cu m (1 January 2002)
Current account balance $-23.77 billion (2004 est.)
Exports $159.4 billion f.o.b. (2004 est.)
Exports commodities machinery, motor vehicles; foodstuffs, other consumer goods
Exports partners France 19.2%, Germany 11.9%, Italy 9.7%, UK 9.4%, Portugal 9.3%, US 4.2% (2003)
Imports $197.1 billion f.o.b. (2003 est.)
Imports commodities machinery and equipment, fuels, chemicals, semifinished goods; foodstuffs, consumer goods
Imports partners France 16.8%, Germany 16.6%, Italy 8.8%, UK 6.5%, Netherlands 4.9% (2003)
Reserves of foreign exchange gold $26.81 billion (2004 est.)
Debt external $718.4 billion (2004 est.)
Economic aid recipient
Currency euro (EUR)
note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by the financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions with the member countries
Currency code EUR
Exchange rates euros per US dollar - 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999)
Fiscal year calendar year
