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Spain Your Partner in Europe

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Spain Your Partner in Europe Document's content 1 Spain: a highly internationalized economy 2 Global Market Access Business Climate 3 • Setting up a business • Infrastructure and Technology • Incentives and Taxes • Human capital: Productivity Skilled Labour Force Competitive Costs • Immigration • Quality of life: Expat setting up 4 Business Opportunities 5 ICEX / Invest in Spain 1. Spain: a highly internationalized economy GDP comparison of major economic regions, USD trillions WORLD: 87.55 EUROPE: 21.62 NORTH OCEANIA: 1.59 AMERICA: 24.53 ASIA AND PACIFIC: 32.04 Australia: Germany: 3.86 USA: 1.39 Japan: 21.43 France: UK: 5.01 Canada: Mexico: 2.72 2.83 MIDLE EAST 1.74 1.23 Korea: REGION: 2.99 Italy: Spain: 1.65 2.00 1.39 CENTRAL/SOUTH ASEAN-5: AMERICA: 5.13 2.73 AFRICA: 2.43 BRICS: 22.57 China: Brazil: 1.84 14.40 Russia: Sub Saharan 1.70 Africa region: 1.76 India: 2.87 Source: International Monetary Fund, 2020. Data Referred to 2019. 1. Spain: a highly internationalized economy Spain in the World GDP Trade in Goods Trade in Services Tourism 2019 data* FDI Stock GDP Population per capita $Billion $Billion Income $ Tourist Nº $Billion RK Country $Billion RK unit $ RK Millions RK Exports RK Imports RK Exports RK Imports RK Billions RK Millions RK Inward RK Outward 1 United States 20.932,8 5 63.416,0 3 330,1 2 1.431,6 1 2.407,5 1 705,6 1 460,3 1 214,1 3 79,3 1 10.802,6 1 8.128,5 2 China 14.722,8 63 10.483,9 1 1.404,3 1 2.591,1 2 2.055,8 4 280,6 2 381,1 11 35,8 4 65,7 4 1.918,8 3 2.351,8 3 Japan 5.048,7 23 40.146,1 11 125,8 5 641,4 5 634,5 10 160,3 7 184,5 7 46,1 11 32,2 28 243,0 5 1.982,1 4 Germany 3.803,0 16 45.732,8 19 83,2 3 1.380,0 3 1.170,8 3 310,7 3 308,8 9 41,6 9 39,6 10 1.059,3 6 1.977,2 5 United Kingdom 2.711,0 22 40.406,3 21 67,1 12 403,3 4 634,7 2 342,4 6 204,7 5 52,7 10 39,4 3 2.206,2 4 2.055,4 6 India 2.708,8 148 1.964,9 2 1.378,6 21 276,2 14 371,9 7 203,3 10 153,9 12 30,7 23 17,9 21 480,3 29 191,3 7 France 2.598,9 24 39.907,1 22 65,1 9 488,3 7 582,4 6 245,6 5 231,7 3 63,8 1 * n.a. 11 968,1 9 1.721,8 8 Italy 1.884,9 28 31.288,0 23 60,2 8 496,1 10 422,9 15 87,3 14 93,0 6 49,6 5 64,5 19 485,8 17 596,2 9 Canada 1.643,4 20 43.278,2 37 38,0 13 390,7 11 413,7 17 85,5 15 91,3 15 28,0 18 22,1 9 1.099,9 7 1.964,4 10 Korea 1.630,9 27 31.496,8 27 51,8 7 512,5 9 467,6 16 87,3 13 102,9 19 21,6 25 17,5 26 264,9 18 500,9 11 Russia 1.473,6 65 10.037,2 9 146,8 16 331,7 21 239,7 26 47,5 19 64,6 34 11,0 16 24,4 22 446,7 22 379,6 12 Brazil 1.434,1 86 6.783,0 5 211,4 26 209,9 29 166,3 33 28,5 25 49,1 47 6,0 .. n.a. 17 608,1 23 277,5 13 Australia 1.359,3 9 52.824,8 54 25,7 23 250,4 24 208,4 25 48,5 28 38,5 8 45,7 40 9,5 14 790,7 15 627,3 14 Spain 1.278,2 33 27.132,3 30 47,1 18 307,0 16 325,0 14 90,0 20 60,5 2 79,7 2 83,5 13 853,3 16 624,8 15 Mexico 1.076,2 75 8.421,2 10 127,8 11 417,7 13 393,2 42 17,0 36 25,3 16 24,6 7 45,0 18 596,8 30 178,9 16 Indonesia 1.059,6 115 3.921,6 4 270,2 32 163,3 31 141,6 46 14,9 37 24,5 26 16,9 28 15,5 31 240,5 37 88,2 17 Netherlands 909,5 10 52.247,5 67 17,4 4 674,5 6 596,7 9 186,6 9 169,3 24 18,5 20 20,1 2 2.890,6 2 3.797,6 18 Switzerland 747,4 2 86.849,5 97 8,6 17 319,2 17 291,4 12 115,0 12 114,0 25 17,9 36 11,8 7 1.536,3 10 1.628,9 19 Turkey 719,5 74 8.548,2 17 84,2 30 169,5 23 219,4 29 34,9 34 25,7 13 29,8 6 51,2 33 211,6 43 52,5 20 Saudi Arabia 701,5 43 20.178,2 40 34,8 29 173,5 32 132,8 53 10,2 23 53,9 27 16,4 24 17,5 29 241,9 35 128,8 21 Taiwan Province of China668,5 31 28.305,9 56 23,6 15 347,2 18 288,1 27 41,2 29 37,9 29 14,4 36 11,9 47 109,6 21 382,3 22 Islamic Republic of Iran635,7 79 7.554,8 18 84,1 45 54,2 56 38,8 74 4,6 65 7,1 .. n.a. 44 9,1 58 58,7 75 4,1 23 Poland 594,2 50 15.653,6 38 38,0 22 271,1 20 257,2 20 67,0 27 40,2 30 13,7 19 21,2 27 248,7 51 26,6 24 Sweden 537,6 12 51.796,4 86 10,4 33 155,5 30 149,2 19 69,6 18 68,4 28 15,2 46 * n.a. 23 408,8 20 464,5 25 Belgium 513,1 18 44.529,4 80 11,5 10 419,3 12 394,6 11 116,1 11 115,3 38 8,9 42 9,3 15 635,9 14 677,7 26 Thailand 501,9 83 7.190,4 20 69,8 25 231,5 25 207,0 30 31,7 26 46,9 4 60,5 8 39,8 25 271,8 32 155,6 27 Nigeria 429,4 143 2.083,2 7 206,1 56 34,5 46 56,6 78 4,0 39 19,8 .. n.a. .. n.a. 50 102,1 68 6,9 28 Austria 428,6 14 48.154,4 95 8,9 31 168,9 27 172,0 21 64,9 22 55,9 17 22,9 12 31,9 34 194,1 26 234,1 29 Ireland 418,7 3 83.849,8 119 5,0 28 178,7 34 98,0 5 262,7 4 295,7 46 6,4 38 n.a. 8 1.350,1 12 1.206,7 30 Israel 402,6 19 43.688,6 94 9,2 47 49,6 42 69,9 24 52,6 35 25,3 42 7,6 .. n.a. 35 189,0 36 117,1 Source: Latest international publications available. IMF, WEO Database (April 2021 edition) 2020 Data; WTO 2021, 2020 Data; UNWTO World Tourism Barometer Dec.2020, 2019 Data (*) France, Sweden: rk position provided although data not available; UNCTAD (WIR 2021) 2020 Data. Trade in Goods: Exports: (6) Hong Kong, (14) Singapore; Imports: (8) Hong Kong, (15) Singapore. Trade in Services: Exports: (8) Singapore, (13) Luxembourg; Imports: (8) Singapore, (16) Luxembourg. Tourism Income: (10) Macao, (14) Hong Kong, (18) UAE, (20) Portugal. Tourist Nº: (13) Greece, (14) Malaysia, (15) Portugal, (17) Hong Kong. FDI Inward: (5) Hong Kong, (6) Singapore, (12) British Virgin Islands. FDI Outward: (8) Hong Kong, (11) Singapore, (13) Luxembourg. 1. Spain: a highly internationalized economy Spain is the 11th-largest exporter of commercial services worldwide and the 16th-ranked exporter of merchandise trade. Commercial Services Exports Merchandise Trade Exports USD Millions USD Millions 2019 2019 1 United States of America 853,270.0 1 China 2,499,457 2 United Kingdom 411,794.0 2 United States of America 1,643,160.9 3 Germany 335,249.2 3 Germany 1,489,151.6 4 China 281,651.0 4 Netherlands 709,415.1 5 France 287,083.8 5 Japan 705,564.2 6 Netherlands 262,139.4 6 France 571,465.1 7 Ireland 238,566.4 7 Korea, Republic of 542,232.6 8 India 213,730.9 8 Hong Kong, China 534,887.3 9 Singapore 204,508.5 9 Italy 532,663.2 … 10 Japan 200,540.5 11 Spain 157,479.4 16 Spain 333,622.3 World 6,065,640 World 18,933,000 Source: World Trade Organization (WTO), 2021. Last data available 2019 Source: World Trade Organization (WTO), 2021. Last data available 2019 1.
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