SPAIN

GENERAL INFORMATION

Population: 49,331,076 (July 2018 est.)

Language: Castilian Spanish (official nationwide) 74%, Catalan (official in Catalonia,

the Balearic Islands, and the Valencian Community (where it is known as
Valencian)) 17%, Galician (official in Galicia) 7%, Basque (official in the
Basque Country and in the Basque-speaking area of Navarre) 2%, Aranese
(official in the northwest corner of Catalonia (Vall d'Aran) along with
Catalan, <5,000 speakers)

Ethnic Groups: Spanish 86.4%, Morocco 1.8%, Romania 1.3%, other 10.5% (2018 est.)

Currency: EUR - Euro

Government type: parliamentary constitutional monarchy

Human Development: 0,891 - Ranked 26 - according to 2018 human development statistical

update

MAIN ECONOMIC INDICATORS AND EVOLUTION

Inflation Rate: 2% (2017 est.)

-0.2% (2016 est.)

country comparison to the world: 107

Total GDP: $1.778 trillion (2017 est.)

$1.727 trillion (2016 est.)
$1.674 trillion (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 15

GDP per capita: $38,400 (2017 est.)

$37,200 (2016 est.)

$36,100 (2015 est.)

note: data are in 2017 dollars

country comparison to the world: 49

Extenarl Debt: 2.094 trillion (31 December 2017 est.)

$1.963 trillion (31 March 2015 est.)

country comparison to the world: 10

OVERVIEW OF THE BUSINESS CULTURE AND RESULTS OF THE WORLD´S BANK DOING BUSINESS
REPORT:

Whilst it’s common for Spaniards of the opposite sex to greet each other with an “air kiss” on both
cheeks, this is not common practice in business relationships unless you know the other party very
well. It is suggested to offer a handshake, and if a kiss is appropriate, the Spanish party will initiate
it. (The double kiss involves kissing the air whilst touching cheeks.).
Spaniards used to be renowned for their relaxed attitude towards punctuality and timekeeping,
however this is now not the case and you should definitely arrive on time to make a good
impression and you can expect them to do the same (although they probably won’t be as stressed
about punctuality).

At the first meeting, Spaniards will be very interested in getting to know you before getting down
to the business matter in hand. It’s expected for you to be accommodating and answer any
questions about your background and family life, if asked. Spaniards like to check that you are
honest and reliable; they want to be reassured that they can place their trust in you and your
business before embarking upon any kind of business relationship.

Spain is ranked 30th country were is more easy to do business according to Doing Business 2019
report.

TRADE BALANCE. MAIN IMPORT AND EXPORT PRODUCTS:

Trade Balance:

Trade balance %GDP

2018 -3.01%
2017 -2.45%
2016 -1.70%
2015 -2.46%

Exports: $313.7 billion (2017 est.)

$280.5 billion (2016 est.)

country comparison to the world: 16

Exports - commodities: machinery, motor vehicles; foodstuffs, pharmaceuticals, medicines, other

consumer godos.

Exports Partners: France 15.1%, Germany 11.3%, Italy 7.8%, Portugal 7.1%, UK 6.9%, US
4.4% (2017)
Imports: $338.6 billion (2017 est.)

$300.2 billion (2016 est.)

country comparison to the world: 15

Imports - commodities: machinery and equipment, fuels, chemicals, semi-finished goods,

foodstuffs, consumer goods, measuring and medical control instruments

Imports Partners: Germany 14.2%, France 11.9%, China 6.9%, Italy 6.8%, Netherlands 5.1%,
UK 4% (2017)

* Central Intelligence Agency. Obtenido de

https://www.cia.gov/library/publications/the-world-factbook/geos/sp.html

* United nations development Reports, obtenido de ;

http://hdr.undp.org/en/countries/profiles/ESP

*Country Economy, obtenido de:

https://countryeconomy.com/trade/balance/spain

*Doing Business . Obtenido de:

https://www.worldbank.org/content/dam/doingBusiness/media/Annual-Reports/English/DB2019-
report_web-version.pdf

*Kwintessential, obtenido de:

https://www.kwintessential.co.uk/resources/guide-to-spain-etiquette-customs-culture-business