ECONOMIC INFORMATION

 

Advertisement

Population: 41.1m

Population growth: 0.45%

Population density (people per sq. km): 82

UN Human Development Index ranking: 20/177

Gross national income (current US$): $698.2bn (2003)

Gross national income per capita: $16,990

PPP Gross national income: $905.2bn

PPP Gross national income per capita: $22,020

GDP growth: 1.9% (2003)

GDP breakdown Agriculture: 3.4%, Industry: 30.12%, Services: 66.49%

Inflation (12-month average): 4.25 (2003)

Gross capital formation as % of GDP: 26.01%

Final consumption expenditure as % of GDP (growth): 75.5% (2.3%)

Exports of goods & services as % of GDP: 28.5%

Top 3 export markets: France, Germany, Portugal

Local industries: Textiles & apparel (including footwear), food & beverages, metals & metal manufactures, chemicals, shipbuilding, automobiles, machine tools, tourism

WEF Growth Competitiveness ranking *: 23/104

WEF Business Competitiveness ranking **: 26/103

WEF Quality of the Business Environment ranking: 27/103

Transparency International Corruption Perceptions ranking: 22/145

Languages: Spanish (official)

 

1087.photo.jpg

 

 

FDI INFORMATION

 

Region: Southern Europe

No. of projects (Jan-Sep 2004): 408

Market-share of projects in the region: 57.0%

Value of projects relative to GDP: 48.9%

Top 3 destination sectors: IT & software, textiles, food & drink

Top 3 business functions: Manufacturing, retail, sales marketing & support

Top 3 source countries: US, Germany, France

Top 3 investors: Galpenergia, Volkswagen, DaimlerChrysler

 

IPA

 

Name: Invest in Spain

Web address: www.investinspain.org

* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently

** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth

*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations