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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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