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Spain

    Spain has a very mixed economy. The mixed basis of a capitalist economy supports a GDP per capita (18,900) that yields 80% of the four leading West European economies. On 1 January 1999 the government, which is a parliamentary monarchy, successfully gained admission into the first group of countries launching the European single currency. The currency that Spain uses is the euro. In 2001, the conversion rate for a euro to US dollar was 1.1175. Main economic indicators, 2001 Real GDP growth (%) 2.8 Unemployment rate (%) 13.0 Consumer price inflation (av; %) 3.6 General government balance (% of GDP) 0.0(a) General government debt (% of GDP) 57.2(a) 3-month interbank interest rate (%) 4.3 Current-account balance (% of GDP) -2.6(b) Exchange rate US$:Euro (av) 0.90 Exchange rate Stg:Euro (av) 0.62 Exchange rate Y:Euro (av) 108.85 At this point, the current administration, the AZNAR administration, is focused on a couple of things. One of the main issues is to advocate liberation. Another important issue is privatization. The AZNAR administration is tr

Approximate Word count = 728
Approximate Pages = 3 (250 words per page double spaced)

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