Spain
Chambre de Commerce - Fiche d'information pays Dernière mise à jour: 10.01.2020
Introduction
Spain's powerful world empire of the 16th and 17th centuries ultimately yielded command of the seas to England. Subsequent failure to embrace the mercantile and industrial revolutions caused the country to fall behind Britain, France, and Germany in economic and political power. Spain remained neutral in World War I and II but suffered through a devastating civil war (1936-39). A peaceful transition to democracy following the death of dictator Francisco FRANCO in 1975, and rapid economic modernization (Spain joined the EU in 1986) gave Spain a dynamic and rapidly growing economy and made it a global champion of freedom and human rights. More recently Spain has emerged from a severe economic recession that began in mid-2008, posting three straight years of GDP growth above the EU average. Unemployment has fallen, but remains high especially among youth. Spain is the Eurozone’s fourth largest economy.
Source: The CIA World Factbook - Spain
Indicateurs macroéconomiques
After expanding at over 3% in the past three years, the economy is projected to grow at a robust, but more moderate, pace in 2018 and 2019. Favourable financial conditions and strong job creation will continue to support private domestic demand. Net exports will also contribute positively to GDP growth. Inflation will remain moderate as unemployment remains high.
Public debt is gradually declining, but remains high. As the recovery continues, public debt is projected to fall in relation to GDP, but the government will have to ensure further significant declines in the years ahead, by further improving its fiscal position and introducing additional reforms to strengthen long-term growth. The implementation of the pension reform will be key to ensure long-term fiscal sustainability. More effective labour market policies and re-skilling are needed to further reduce unemployment and inequalities, and make growth more inclusive.
Source: OECD - Economic Forecast
IMF Statistics:
| Subject descriptor | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Gross domestic product, constant prices Percent change | 2.579 | 2.175 | 1.847 | 1.702 | 1.671 |
| Gross domestic product, current prices U.S. dollars (Billions) | 1,427.533 | 1,397.870 | 1,440.399 | 1,503.508 | 1,564.589 |
| Gross domestic product per capita, current prices U.S. dollars (Units) | 30,733.168 | 29,961.105 | 30,734.119 | 31,937.225 | 33,092.261 |
| Inflation, average consumer prices Percent change | 1.675 | 0.684 | 1.049 | 1.427 | 1.549 |
| Volume of imports of goods and services Percent change | 3.454 | 1.340 | 2.860 | 2.498 | 2.108 |
| Volume of exports of goods and services Percent change | 2.273 | 2.399 | 3.300 | 2.962 | 2.594 |
| Unemployment rate Percent of total labor force | 15.255 | 13.941 | 13.164 | 12.659 | 12.578 |
| Current account balance U.S. dollars (Billions) | 13.169 | 12.833 | 15.000 | 15.768 | 17.264 |
| Current account balance Percent of GDP | 0.922 | 0.918 | 1.041 | 1.049 | 1.103 |
Source: IMF Statistics
Le Luxembourg et le pays
Existing conventions and agreements
Non double taxation agreement
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
- Convention from 03.06.1986 (Memorial 1987, A no.18, p.245)
- Effective as of 01.01.1988 (Memorial 1987, A no.18, p.245)
- Protocol of Amendment from 10.11.2009 (Memorial 2010, A no.51, p.924)
- Effective as of 01.01.2011 (Memorial 2010, A, no. 51, p.924)
Air Services agreement
- Convention from 26.03.1962 (Memorial 1965, A, p. 294 )
- Effective as of 06.02.1965 (Memorial 1965, A, p. 715)
Source: Administration des contributions directes
Plus d'informations
Foreign Trade
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Contact points in Spain
Embassy of the Grand Duchy of Luxembourg in Spain
Ambassador: Mrs Michèle PRANCHÈRE
Calle Claudio Coello, 78
E-28001 Madrid
Tel.: +34 91 4 35 91 64
Fax: +34 91 5 77 48 26
Email: madrid.amb(at)mae.etat.lu
Director of the Hispano-Luxembourg Economic Forum (F.E.H.L.)
Mrs Ana DIEGO
Embajada del Gran Ducado de Luxemburgo
Calle Claudio Coello, 78
E-28001 Madrid
Tel.: (+34) 91 435 92 26
Fax: (+34) 91 577 48 26
E-mail: Ana.Diego(at)mae.etat.lu
www.fehl.es
Honorary consuls
Honorary Consul with jurisdiction in the provinces of Alicante, Valencia, Castellon de la Plana and Murcia:
Mr Nicolás AYELA ORTIZ
Juan Bautista Lafora 3 – entresuelo
E-03002 Alicante
Tel: + 34 96 520 53 33 / +34 96 520 87 51
Fax: +34 96 521 75 63
E-mail: consuladoluxemburgoalicante@gmail.com
Honorary Consul General with jurisdiction in the provinces of Barcelona, Gerona, Huesca, Lerida, Zaragoza, Tarragona and Teruel :
Mrs Blanca GALLUD FUSTER
Tuset 8 - 10, 8e étage
E-08006 Barcelona
Tel: +34 93 292 22 68
E-mail: bg@consulatbcn.lu
E-mail: info(at)consulatbcn.lu
Honorary Consul with jurisdiction in all the archipelago of the Canary Islands:
Mr. Juan Andrés MELIAN
C / Pintor Juan Guillermo, 10 - Local 1
35011 Las Palmas de Gran Canaria
Tel + 34 928495230
Fax + 34 928246429
E-mail: juan.melian(at)viajesinsular.es
Honorary Consul in Bilbao:
Mrs Beatriz Añon BEAMONTE
Particular de Ormeche, 6 – 4º
E-48992 Guecho (Vizcaya)
Tél.: (+34) 944 60 20 72
E-mail: beatriz.a(at)telefonica.net
Honorary Consul with jurisdiction in provinces of Málaga, Jaen, Granada and Almeria:
N.A.
Honorary Consul with jurisdiction in the Balearic Islands:
Mr Joan BUADES FELIU
Bufete Buades C / Jaume III, 4
E-07012 Palma de Mallorca
Tel: + 34 971 22 85 00
Fax: + +34 971 22 85 07
E-mail: consulat(at)bufetebuades.com
Honorary Consul with jurisdiction over Provinces of Seville, Cordoba, Cadiz and Huelva:
Mrs Jacqueline BRASSEUR
Calle Paraiso, 1 – 7°- 64
E-41010 Séville
Tel: + 34 95 42 84 821
Fax: +34 95 42 84 821
E-mail: ajbrasseur(at)hotmail.com
Source: Ministry of Foreign Affairs Luxembourg
Economic and Commercial Attachés (AWEX)
Economic and Commercial Attaché with jurisdiction in Autonomous communities of Aragon, Catalonia, Valencia and the Balearic Islands:
Mr Eric SANTKIN
Economic and Commercial Office Walloon
c / Pau Claris, 110.1 st
08009 Barcelona
Tel: 34-93-487.77.26
E-mail: barcelone@awex-wallonia.com
Economic and Commercial Attaché with jurisdiction in Andalousie, Asturias, Cantabria, Galicia, La Rioja, Navarre (Community), Basque Country:
Mr Didier DENAYER
Embajada de Bélgica
Paseo de la Castellana, 18 - 6°
28046 Madrid
Tel: +34-91-435.13.70
E-mail: madrid(at)awex-wallonia.com
Source: AWEX
Country risk as defined by Office du Ducroire for Spain
Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.
Link: Ducroire Office - Country Risk for Spain
Other useful links
- CIA World Factbook on Spain
- Foro Economico Hispano-Luxemburgues
- Belgian-Luxembourg Chamber of Commerce in Barcelona
- Camara: Spanish Chamber in BeLux
- Doing Business in Spain
- Das ist Spanien
- L'Espagne sur le site de l'AWEX
- Plateforme d'Information et d'Accompagnement des Francophones à Majorque
La Chambre de Commerce et le pays
Evénements passés
- 16.10.2018 - 18.10.2018
Visite accompagnée au salon « IOT Solutions World Congress »
- 28.02.2017 - 01.03.2017
Visite accompagnée au salon GENERA à Madrid
- 09.06.2015 - 11.06.2015
Mission économique sectorielle à Barcelone
- 12.05.2015
Journée d'Opportunités d'Affaires: Espagne, Portugal
- 13.05.2014
Journée d’Opportunités d’Affaires : Spain (Madrid, Bilbao, Barcelona)