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   Market (2002)
Spain Economy
GDP:
purchasing power parity - $885.5 billion (2003 est.)
GDP - real growth rate:
2.4% (2003 est.)
GDP - per capita:
purchasing power parity - $22,000 (2003 est.)
GDP - composition by sector:
agriculture: 3.6%
industry: 28.6%
services: 67.8% (2003 est.)
Investment (gross fixed):
25.6% of GDP (2003)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: 2.8%
highest 10%: 25.2% (1990)
Distribution of family income - Gini index:
32.5 (1990)
Inflation rate (consumer prices):
3% (2003 est.)
Labor force:
18.82 million (2003)
Labor force - by occupation:
agriculture 7%, manufacturing, mining, and construction 29%, services 64% (2001 est.)
Unemployment rate:
11.3% (2003 est.)
Budget:
revenues: $330.7 billion
expenditures: $335.3 billion, including capital expenditures of $12.8 billion (2003 est.)
Public debt:
62.7% of GDP (2003)
Industries:
textiles and apparel (including footwear), food and beverages, metals and metal manufactures, chemicals, shipbuilding, automobiles, machine tools, tourism
Industrial production growth rate:
1.6% (2003 est.)
Electricity - production:
222.5 billion kWh (2001)
Electricity - production by source:
fossil fuel: 50.4%
hydro: 18.2%
other: 4.1% (2001)
nuclear: 27.2%
Electricity - consumption:
210.4 billion kWh (2001)
Electricity - exports:
4.138 billion kWh (2001)
Electricity - imports:
7.588 billion kWh (2001)
Oil - production:
7,099 bbl/day (2001 est.)
Oil - consumption:
1.497 million bbl/day (2001 est.)
Oil - exports:
135,100 bbl/day (2001)
Oil - imports:
1.582 million bbl/day (2001)
Oil - proved reserves:
10.5 million bbl (1 January 2002)
Natural gas - production:
516 million cu m (2001 est.)
Natural gas - consumption:
17.96 billion cu m (2001 est.)
Natural gas - exports:
0 cu m (2001 est.)
Natural gas - imports:
17.26 billion cu m (2001 est.)
Natural gas - proved reserves:
254.9 million cu m (1 January 2002)
Agriculture - products:
grain, vegetables, olives, wine grapes, sugar beets, citrus; beef, pork, poultry, dairy products; fish
Current account balance:
$-23.77 billion (2003)
Exports:
$159.4 billion f.o.b. (2003 est.)
Exports - commodities:
machinery, motor vehicles; foodstuffs, other consumer goods
Exports - partners:
France 19.2%, Germany 11.9%, Italy 9.7%, UK 9.4%, Portugal 9.3%, US 4.2% (2003 est.)
Imports:
$197.1 billion f.o.b. (2003 est.)
Imports - commodities:
machinery and equipment, fuels, chemicals, semifinished goods; foodstuffs, consumer goods
Imports - partners:
France 16.8%, Germany 16.6%, Italy 8.8%, UK 6.5%, Netherlands 4.9% (2003 est.)
Reserves of foreign exchange & gold:
$26.81 billion (2003)
Debt - external:
$718.4 billion (2003 est.)
Economic aid - donor:
ODA, $1.33 billion (1999)
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
Currency code:
EUR
Exchange rates:
euros per US dollar - 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999)
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