GENERAL INFORMATION:
Official Name: Kingdom of Spain
Area: 505.957 km2
Population: 41 millions
Capital: Madrid
Official Languages: Castilian Spanish, Catalan, Galician and Basque
Religions: Catholic, protestants, Muslims and Jewish
INSITUTIONS:
Government Type: constitutional monarchy / parliamentary
Head of State: King Juan Carlos I
Political Parties: Popular Party, Socialist Party, Spanish Workers Party, Convergence and Union, United Left, Basque Nationalist party, Canarian Coalition.
ECONOMIC INDICATORS:
GDP: 828 billion US$
GDP composition: Agriculture: 4%, Industry: 31%, Services: 65
GDP Per capita: 16,000 Euros
Growth rate: 2.2 % (in 2002)
Currency: Euro
Human Development Indicator: 0,918


ECONOMIC SITUATION AND PROSPECTS:

The economy of Spain ranks 8th in the world and 5th in Europe. Over the last few years, Spain has enjoyed an economic growth rate ranking among the most elevated ones in the Union. Moreover, Spain has succeeded in reducing unemployment and balancing public finances.

The EU member states account for nearly 70% of the Spanish foreign commerce. Latin America also plays an important role in the Spanish economy, given that Spain is the biggest investor in many of these countries; Tourism accounts for nearly 10% of the Spanish GDP.

 
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