Spain GDP Data & Country Report

Spain Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Spain; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Bank of Spain
Spain is part of the Eurosystem and the European Central Bank

International Reserves

US$ 37.222 billion (Source: IMF; Data updated: November 2011)

Gross Domestic Product - GDP

US$ 1.485 trillion (2010 estimate)

GDP (Purchasing Power Parity)

1.395 trillion of International dollars (2010 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
5.1%	3.6%	2.7%	3.1%	3.3%	3.6%	4%	3.6%
2008	2009	2010	2011*
0.9%	-3.7%	-0.1%	0.8%

*Estimate

GDP per capita - current prices

US$ 32,176 (2010 estimate)

GDP per capita - PPP

$30,234 International Dollars (2010 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
2.4%	2.36%	2.14%	1.84%	1.61%

**Forecast

GDP - composition by sector

agriculture: 3.3%
industry: 25.8%
services: 70.9% (2011 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

1.35% (2008)

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
4.1%(2008)	-0.2%	2%	2.6%

*Estimate

Unemployment rate

2008	2009	2010	2011*
11.3%	18%	20.1%(2009)	19.4%

*Estimate

Household saving rates

15.9% (Gross saving; 2011 forecast)

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
36.1%	39.7%	53.2%	60.1%	63.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
1.9%	-4.1%	-11.2%	-9.3%	-6.9%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: AA/Negative/A-1+

Moody's rating: Aa1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
US$1.800 trillion	US$946.113 billion	US$1.297 trillion

Largest companies in Spain

Banco Santander (Major Banks), Telefónica (Telecommunications services), BBVA-Banco Bilbao Vizcaya (Major Banks), Repsol YPF (Oil & Gas Operations), Iberdrola (Electric Utilities), Gas Natural Group (Natural Gas Utilities), Criteria Caixa (Investment Services)
(2011)

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ -71 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

-4.8% of GDP (2010 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

26.6% (2008)

(Data released on December 2010)

Shares in world total merchandising export

1.61%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

3.33%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$268.3 billion f.o.b. (2010 estimate)

Export commodities

machinery, motor vehicles; foodstuffs, pharmaceuticals, medicines, other consumer goods

Total imports

US$444.9 billion f.o.b. (2008 estimate)

Import commodities

machinery and equipment, fuels, chemicals, semifinished goods, foodstuffs, consumer goods, measuring and medical control instruments

Exports - major partners

France 18.8%, Germany 10.8%, Portugal 8.6%, Italy 8.5%, UK 7.6%, US 4.2% (2007)

Imports - major partners

Germany 15.7%, France 12.7%, Italy 8.4%, China 5.8%, UK 4.8%, Netherlands 4.6% (2007)

FDI inflows

2008	2009	2010
US$76,993 million	US$9,135 million(2009)	US$24,547 million(2009)

FDI outflows

2008	2009	2010
US$74,717 million	US$9,737 million	US$21,598 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
US$-14,654 million	US$-1,278 million(2009)	US$1,898 million(2009)	US$10,954 million

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Iberdrola SA, Energy East Corp, United States, $4.5 billion

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Telefónica SA, Brasilcel NV, Brazil, $9.7 billion
Trebol Holdings Sarl, Abertis Infraestructuras SA, Spain, $3.7 billion
(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 49 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 147 out of 183 countries(2009)

Registering property: 54 out of 183 countries

Paying Taxes: 71 out of 183 countries

Getting credit: 46 out of 183 countries

Protecting investors: 93 out of 183 countries

Trading across border: 54 out of 183 countries

Enforcing Contracts: 52 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 31 Score: 70.2 (Mostly Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC+1

Total area

505,992 km² (2006)

Capital

Madrid (2009)

Currency

euros (EUR) (2009)

Government type

parliamentary monarchy (2009)

Languages

Castilian Spanish (official) 74%, Catalan 17%, Galician 7%, Basque 2%, are official regionally

Religions

Roman Catholic 94%, other 6%

Total population

1980	1990	2000	2010*	2015**
37.39 million	38.84 million	40.26 million	46.02 million	46.57 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
56.6%	72.8%	76.3%	77.3%

Population median age

39.0 years (2006)

Population growth rate

0.9% (2009)

Life expectancy

81 years (2007)

Adult literacy

97% (2000/2007)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

34.7 (2000)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

154.95% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

66.53% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Madrid: 60th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

7.4019 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:

COUNTRY WINNERS BBVA (National, 2012)

2011:

COUNTRY WINNERS Banco Santander (National, 2011)

2010:

COUNTRY WINNERS Banco Santander (National, 2010)

2009:

COUNTRY WINNERS BBVA (National, 2009)

WORLD'S BEST DEVELOPED MARKET BANKS

2012:

Santander (Europe, 2012)
Santander (National, 2012)

2011:

Santander (National, 2011)

2010:

Santander (National, 2010)

2009:

Santander (Europe, 2009)

WORLD'S BEST SUPPLY CHAIN FINANCE PROVIDERS

2010:

REGIONAL WINNERS Banco Santander (Latin america, 2010)

WORLD'S BEST BANKS

2012:

REGIONAL Santander (Developed Europe, 2012)

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Consumer Internet Banks Bankinter (National, 2011)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)
REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Web Site Design Activo Bank (Europe, 2011)
REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Integrated Consumer Bank Site Activo Bank (Europe, 2011)
REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best in Mobile Banking Activo Bank (Europe, 2011)
REGIONAL WINNERS / Best Consumer Internet Banks Activo Bank (Europe, 2011)

2010:

GLOBAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Online Consumer Credit Site Banco Santander (Global, 2010)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)

2009:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (2009)

WORLD'S SAFEST BANKS

2012:

OVERALL SAFEST Banco Santander (Global, 2012)

2011:

OVERALL SAFEST Banco Santander (Global, 2011)
OVERALL SAFEST Banco Bilbao Vizcaya Argentaria (BBVA) (Global, 2011)
OVERALL SAFEST Banco Espanol de Credito (Banesto) (Global, 2011)

2010:

OVERALL SAFEST Banco Santander (Global, 2010)
OVERALL SAFEST Banco Bilbao Vizcaya Argentaria (BBVA) (Global, 2010)
OVERALL SAFEST Banco Espanol de Credito S.A. (Banesto) (Global, 2010)
OVERALL SAFEST Caja de Ahorros y Pensiones de Barcelona (Global, 2010)
REGIONAL WINNERS Banco Santander (Western Europe, 2010)

2009:

OVERALL SAFEST Banco Santander (Global, 2009)
OVERALL SAFEST Banco Bilbao Vizcaya Argentaria (BBVA) (Global, 2009)
OVERALL SAFEST Banco Espanol de Credito S.A. (Banesto) (Global, 2009)
OVERALL SAFEST Caja de Ahorros y Pensiones de Barcelona (laCaixa) (Global, 2009)

WORLD'S BEST SUB CUSTODIANS

2011:

COUNTRY WINNERS Santander (National, 2011)

2010:

COUNTRY WINNERS Santander (National, 2010)

2009:

COUNTRY WINNERS Santander (2009)

WORLD'S BEST INVESTMENT BANKS

2012:

COUNTRY WINNERS BBVA (National, 2012)

2011:

DEALS OF THE YEAR / Global Bookrunners Santander (Global, 2011)
COUNTRY WINNERS Morgan Stanley (National, 2011)

2010:

COUNTRY WINNERS Santander (National, 2010)

CENTRAL BANKER REPORT CARD

2010:

Grade: A (Jean-Claude Trichet, 2010)

WORLD'S BIGGEST BANKS

2011:

OVERALL BIGGEST Banco Santander (Global, 2011)
OVERALL BIGGEST Banco Bilbao Vizcaya Argentaria (BBVA) (Global, 2011)

2010:

OVERALL BIGGEST Banco Santander (Global, 2010)
OVERALL BIGGEST Banco Bilbao Vizcaya Argentaria (BBVA) (Global, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

COUNTRY WINNERS Santander (National, 2012)

2011:

COUNTRY WINNERS Santander (National, 2011)

2010:

COUNTRY WINNERS Santander (National, 2010)

2009:

COUNTRY WINNERS Santander (National, 2009)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Spain GDP Data & Country Report | Global Finance

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:

2011:

2010:

2009:

WORLD'S BEST DEVELOPED MARKET BANKS

2012:

2011:

2010:

2009:

WORLD'S BEST SUPPLY CHAIN FINANCE PROVIDERS

2010:

WORLD'S BEST BANKS

2012:

WORLD'S BEST INTERNET BANKS

2011:

2010:

2009:

WORLD'S SAFEST BANKS

2012:

2011:

2010:

2009:

WORLD'S BEST SUB CUSTODIANS

2011:

2010:

2009:

WORLD'S BEST INVESTMENT BANKS

2012:

2011:

2010:

CENTRAL BANKER REPORT CARD

2010:

WORLD'S BIGGEST BANKS

2011:

2010:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

2011:

2010:

2009: