Names: conventional long form: Kingdom of Spain conventional short form: Spain local long form: Reino de Espana local short form: Espana
Capital City: Madrid
Population: 40,397,842 (July 2006 est.)
GDP Per Capita: $27,000 (2006 est.)
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
Languages: Castilian Spanish 74%, Catalan 17%, Galician 7%, Basque 2%; note - Castilian is the official language nationwide; the other languages are official regionally
Total Area: total: 504,782 sq km land: 499,542 sq km water: 5,240 sq km note: there are 2 autonomous cities - Ceuta and Melilla - and 17 autonomous communities including Balearic Islands and Canary Islands, and three small Spanish possessions off the coast of Morocco - Islas Chafarinas, Penon de Alhucemas, and Penon de Velez de la Gomera slightly more than twice the size of Oregon
Region: Europe
Industries: textiles and apparel (including footwear), food and beverages, metals and metal manufactures, chemicals, shipbuilding, automobiles, machine tools, tourism, clay and refractory products, footwear, pharmaceuticals, medical equipment
Agriculture: grain, vegetables, olives, wine grapes, sugar beets, citrus; beef, pork, poultry, dairy products; fish
Resources: coal, lignite, iron ore, copper, lead, zinc, uranium, tungsten, mercury, pyrites, magnesite, fluorspar, gypsum, sepiolite, kaolin, potash, hydropower, arable land
Labor Force:
21.77 million (2006 est.)
agriculture: 5.3% industry: 30.1% services: 64.6% (2004 est.)
Exports:
$222.1 billion f.o.b. (2006 est.)
machinery, motor vehicles; foodstuffs, pharmaceuticals, medicines, other consumer goods
Imports:
$324.4 billion f.o.b. (2006 est.)
machinery and equipment, fuels, chemicals, semifinished goods, foodstuffs, consumer goods, measuring and medical control instruments
Overview:
The Spanish economy boomed from 1986 to 1990, averaging 5% annual growth. After a European-wide recession in the early 1990s, the Spanish economy resumed moderate growth starting in 1994. 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 8.7%. Growth averaging 3% annually during 2003-06 was satisfactory given the background of a faltering European economy. The Socialist president, RODRIGUEZ ZAPATERO, has made mixed progress in carrying out key structural reforms, which need to be accelerated and deepened to sustain Spain's strong economic growth. Despite the economy's relative solid footing significant downside risks remain, including Spain's continued loss of competitiveness, the potential for a housing market collapse, the country's changing demographic profile and a decline in EU structural funds.
In 2007 Missouri exported $71,264,423 in goods to Spain. This ranks Spain 25th among the 223 international buyers of Missouri goods. Missouri exports to Spain decreased from the previous year by $6,133,016 a change of -7.92%. State exports to Spain have increased over the last 5 years by $15,631,176 a change of 28.09%. Missouri exports account for .53%. of all 2007 US exports to Spain.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 55,633,247 | 56,414,009 | 79,463,813 | 71,738,824 | 77,397,439 | 71,264,423 | |
| 000 - Total All Industries US | 5,225,696,067 | 5,935,254,579 | 6,640,498,025 | 6,933,852,043 | 7,405,224,763 | 9,879,459,513 | |