Lewes, DE -- (SBWire) -- 07/07/2017 --As per International Monetary Fund (IMF) Spain's real gross domestic product is expected to grow at a CAGR of 2.17% from its 2015 level of euro 1068.27 billion and reach euro 1241.30 billion by 2022.
Spain, officially the Kingdom of Spain, is a sovereign state and a member state of the European Union. It is located on the Iberian Peninsula in southwestern Europe. Spain's mainland is bordered to the south and east by the Mediterranean Sea except for a small land boundary with Gibraltar, to the north and north east by France, Andorra, and the Bay of Biscay, and to the west and northwest by Portugal and the Atlantic Ocean. It is one of three countries; the other two being Morocco and France, have both Atlantic and Mediterranean coastlines.
Spain had estimated population of 46.323 million in the year 2016 and expected to reach 45.923 million by 2022. Spain's 18.342 million was employed in 2016 and the unemployment rate was 19.635% of total labor force.
Spain's real gross domestic product (GDP) was around Euro 1102.83 billions in 2016 whereas the nominal GDP was Euro 1113.85 billions. This resulted in GDP deflator 101. Per capita GDP was estimated at USD 26608.87 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 36415.96.
The output gap for Spain in 2016 was negative at 2.332% of the potential GDP.
In 2016, Spanish government's revenue was Euro 424.229 billions whereas the expenditure was Euro 475.946 billions. This resulted Spanish government's net lending / borrowing negative at Euro 51.717 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Spain was estimated to be at USD 24.662 billions for the year 2016 and is expected to grow at a CAGR of 6.79% and reach USD 25.884 by 2022. This positive current account balance indicates the Spain is net lender to the whole world.
Scope of the Spain PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
-These reports provide information about key macroeconomic indicators for Spain.
-These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Spain.
-These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Spain.
-These reports provide risk analysis for Spain.
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