Spain wef

2.1: Country/Economy Profiles

Spain
Key indicators, 2009
GDP (PPP) per capita (int'l $), 1980–2009
Population (millions).................................................44.9 GDP (US$ billions)................................................1,464.0 GDP per capita (US$) ...........................................31,946 GDP (PPP) as share (%) of world total .................1.96
50,000 40,00030,000 20,000 10,000 0

Spain

Advanced economies

1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

Global Competitiveness Index
Rank (out of 139) Score (1–7)

Stage of development 1
Factor driven Transition 1–2

GCI 2010–2011.........................................................42 ......4.5
GCI 2009–2010 (out of133)..................................................33 ........4.6 GCI 2008–2009 (out of 134)..................................................29 ........4.7 Basic requirements.............................................................38 ........5.1 1st pillar: Institutions ...........................................................53 ........4.3 2nd pillar: Infrastructure.....................................................14........5.7 3rd pillar: Macroeconomic environment .........................66 ........4.6 4th pillar: Health and primary education .........................49 ........6.0 Efficiency enhancers..........................................................32 ........4.6 5th pillar: Higher education and training .........................31 ........4.9 6th pillar: Goods marketefficiency...................................62 ........4.2 7th pillar: Labor market efficiency ..................................115 ........3.9 8th pillar: Financial market development.........................56 ........4.3 9th pillar: Technological readiness...................................30 ........4.6 10th pillar: Market size........................................................13 ........5.5 Innovation andsophistication factors ............................41 ........4.0 11th pillar: Business sophistication..................................35 ........4.5 12th pillar: Innovation..........................................................46 ........3.5

2
Efficiency driven

Transition 2–3

3
Innovation driven

Institutions
7

Innovation Business sophistication

6 5 4 3 2

InfrastructureMacroeconomic environment Health and primary education Higher education and training Goods market efficiency

304

Market size

1

Technological readiness Financial market development Labor market efficiency

Spain

Innovation-driven economies

The most problematic factors for doing business
Access to financing ......................................................23.4 Restrictive laborregulations .......................................21.6 Inefficient government bureaucracy.........................15.9 Inadequately educated workforce...............................8.6 Tax rates ...........................................................................8.6 Tax regulations ................................................................7.9 Poor work ethic in national labor force......................3.1 Corruption.........................................................................2.9 Inadequate supply of infrastructure ............................2.6 Policy instability...............................................................2.4 Inflation .............................................................................1.3 Poor public health...........................................................0.6 Foreign currency regulations........................................0.5 Government instability/coups .......................................0.5 Crime and theft ................................................................0.2 0 5 10 15 Percent of responses
Note: From a list of 15 factors, respondents were asked to select the five most problematic for doing...