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Spain is a Euro Country

Spain together with its islands covers more than 500,000 square kilometres and has a population of approximately 44 million. Approximately 20% of the population lives in cities of over 500,000 inhabitants. The sectoral percentage of GDP and workforce structure may be indicated as follows (2005):

English is the main second language studied and the labour force is adaptable and well qualified. Spain is a parliamentary monarchy and its 1978 constitution enshrined the fundamental civil rights and freedoms and assigned legislative power to the Cortes Generales, executive power to the government and judicial powers to judges and magistrates. For administrative purposes, the country is divided into 17 autonomous communities of which the Canary Islands form one.

Spain became a full member of the EC (now the EU) on January 1, 1986. Generally it has a very good infrastructure in the areas of road, rail and telecommunications. Spain is the EU member that in 2005 received the most EU structural and cohesion funds; used to finance infrastructure and development projects.

Critical economic statistics include the following:

• GDP (2006) Euro 950 billion
• GNP Growth 3.0% 2007. (3.0% projected for 2008)
• Unemployment 8%
• Base Interest Rate (ECB) 4%
• Inflation 3.6%

Spain has the opportunity and certainly the potential to become an economic powerhouse. Since the 14th March 04 Spain has a new government presided by socialist party leader: José Luis Rodríguez Zapatero. The next general election is in 2008.