Diplomatic representation from the US:
chief of mission: Ambassador (vacant); Charge d'Affaires J. Robert
MANZANARES
embassy: Serrano 75, 28006 Madrid
mailing address: PSC 61, APO AE 09642
telephone: [34] (91) 587-2200
FAX: [34] (91) 587-2303
consulate(s) general: Barcelona
Flag description:
three horizontal bands of red (top), yellow (double width), and red
with the national coat of arms on the hoist side of the yellow band;
the coat of arms includes the royal seal framed by the Pillars of
Hercules, which are the two promontories (Gibraltar and Ceuta) on
either side of the eastern end of the Strait of Gibraltar
Economy Spain
Economy - overview:
The Spanish economy boomed from 1986 to 1990, averaging five
percent 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 10.4%. Growth of 2.5% in 2003 and 2.6% in 2004
was satisfactory given the background of a faltering European
economy. The socialist president, RODRIGUEZ ZAPATERO, has initiated
economic and social reforms that are generally popular among the
masses of people but that are anathema to religious and other
conservative elements. Adjusting to the monetary and other economic
policies of an integrated Europe, reducing unemployment, and
absorbing widespread social changes will pose challenges to Spain
over the next few years.
GDP (purchasing power parity):
$937.6 billion (2004 est.)
GDP - real growth rate:
2.6% (2004 est.)
GDP - per capita:
purchasing power parity - $23,300 (2004 est.)
GDP - composition by sector: agriculture: 3.5% industry: 28.5% services: 68% (2004 est.)
Labor force: 19.33 million (2004 est.)
Labor force - by occupation: agriculture 5.3%, manufacturing, mining, and construction 30.1%, services 64.6% (2004 est.)