Fiches pays

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

Vos conseillers auprès de la Chambre de Commerce

Contactez-nous: europe@cc.lu

Indicateurs clés

Surface: 505,370 km2
Population: 47,260,584 (July 2021 est.)
Type de gouvernement: parliamentary constitutional monarchy
Langues: Castilian Spanish (official nationwide) 74%, Catalan (official in Catalonia, the Balearic Islands, and the Valencian Community 17%, Galician 7%, Basque 2%
PIB: $1.281 trillion (2020 est.)
Taux de croissance: -10.8% (2020 est.)
HDI: 25
Capitale: Madrid

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 Percent change (Billions)	1,427.533	1,397.870	1,440.399	1,503.508	1,564.589
Gross domestic product per capita, current prices Percent change (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 change	15.255	13.941	13.164	12.659	12.578
Current account balance Percent change (Billions)	13.169	12.833	15.000	15.768	17.264
Current account balance Percent change	0.922	0.918	1.041	1.049	1.103

Estimates

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

Informations supplémentaires

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 with residence in Madrid: Ms Michèle PRANCHÈRE

Calle Claudio Coello, 78
E-28001 Madrid
Spain

Tel.: +34 91 4 35 91 64
Fax: +34 91 5 77 48 26
E-Mail: madrid.amb@mae.etat.lu

Honorary consuls

Honorary Consul with jurisdiction over the Provinces of Alicante, Valencia, Castellon de la Plana and Murcia:

Mr Nicolás AYELA ORTIZ

Calle Juan Bautista
Lafora 3 – entresuelo
E-03002 Alicante
Spain

Tel.: (+34) 96 520 53 33 ; (+34) 96 520 87 51
E-Mail: alicante@consul-hon.lu

Honorary Consul General with jurisdiction over the Provinces of Barcelona, Gerona, Huesca, Lerida, Zaragoza, Tarragona and Teruel:

Ms Blanca GALLUD DEXEUS

Tuset 8 - 10, 8e étage
E-08006 Barcelona
Spain

Tel.: (+34) 93 292 22 68
E-Mail: barcelone@consul-hon.lu

Honorary Consul with jurisdiction over the Basque Country, la Roja, and Navarre:

Mr Luc THEIS

Calle Particular de Ormeche, 6-4
E-48992 Guecho (Vizcaya)
Spain

Tel.: (+34) 944 60 20 72 ; (+34) 600 900 500
E-Mail: bilbao@consul-hon.lu

Honorary Consul with jurisdiction in all the archipelago of the Canary Islands:

Mr Juan Andrès MELIAN SUAREZ

C/ Pintor Juan Guillermo
10 - Local 1
35011 Las Palmas de Gran Canaria
Spain

Tel.: (+34) 928 495 230
E-Mail: laspalmas@consul-hon.lu

Honorary Consul with jurisdiction in the Balearic Islands:

Mr Joan BUADES FELIU

C/ Jaume III, 4
E-07012 Palma de Mallorca
Spain

Tel.: (+34) 971 22 85 00
E-Mail: palma@consul-hon.lu

Honorary Consul with jurisdiction in provinces of Málaga, Jaen, Granada and Almeria:

Ms Maria José SANCHEZ FERNANDEZ

Jardines de Sierra Blanca I, Bajo H
E-26602 Marbella Malaga
Spain

Tel.: (+34) 952 86 84 56
E-Mail: malaga@consul-hon.lu

Honorary Consul with jurisdiction over Provinces of Seville, Cordoba, Cadiz and Huelva:

Mr Luis Miguel REY GOÑI

Alcázares, 4
E-41003 Sevilla
Spain

Tel.: (+34) 954 32 72 00
E-Mail: seville@consul-hon.lu

Source: Ministry of Foreign Affairs Luxembourg

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