World of Spain

8/4/2019 World of Spain

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10/7/2011

Spain on the road again | Raviraj Bachkaniwala

NG-IITM IN THE WORLD OF SPAIN


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Introduction to Spain

Spain is a country that fast becomes an addiction. You might intend just to come for a beachholiday, or a tour of the major cities, but before you know it, you'll be hooked by somethingquite differentthe celebration of some local fiesta, perhaps or the amazing nightlife in Madrid,or the Moorish monuments of Andaluca. By then, of course, you'll have noticed that there is notjust one Spain, but many.

The major cities are compellingly individual. Barcelona (seeCatalua), for many, has the edge,thanks largely to Gaudis splendid modernist architecture, butMadrid, although not as pretty,

claims as many devotees. Then there'sSeville, home of flamenco;Valencia, the vibrant capital ofthe Levanter; andBilbao, with its astonishing Muse Guggenheim.

Monuments vary just as widely. Touring Castile and Len, you can't avoid vast cathedrals andreconquista castles; in northerly, mountainous Asturias and the Pyrenees, tiny Romanesquechurches dot the hillsides; Andaluca has the great mosques and Moorish palaces of Granada,Seville and Crdoba; Castile boasts the superb medieval capital, Toledo, and the gorgeousRenaissance city of Salamanca; and harsh Extremadura cradles ornate conquistador towns.

The landscape holds similar fascination. The evergreen estuaries of Galicia could hardly be moredifferent from the high, arid plains of Castile, or the gulch-like deserts of Almeria. Spain also

boasts fine mountain ranges like the Picos de Europe and the Pyrenees, as well of course asbeaches, with delightful pockets remaining even along the big tourist Costas.

The territory of Spain was subject to many external influences sinceprehistoric timesandthrough to its dawn as a country. Spain emerged as a unified country in the 15th century,following the marriage of theCatholic Monarchsand the completion of the reconquest, orReconquista, of the Iberian peninsula in 1492. Conversely, it has been an important source ofinfluence to other regions, chiefly during themodern era, when it became aglobal empirethathas left a legacy of over 500 millionSpanish speakerstoday, making it the world'ssecond mostspoken first language.

Spain is a democracy organised in the form of a parliamentary government under a constitutionalmonarchy. It is adeveloped countrywith thetwelfth largest economy in the worldby nominalGDP, and very highliving standards(20th highest Human Development Index), including thetenth-highestquality of life index ratingin the world, as of 2005. It is a member of theUnitedNations,European Union,NATO,OECD, andWTO.
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Weather of spain

Overall, spring, early summer and autumn are ideal times for a Spanish trip though the weathervaries enormously from region to region. The high central plains suffer from fierce extremes,stiflingly hot in summer, bitterly cold and swept by freezing winds in winter. The Atlantic coast,in contrast, has a tendency to damp and mist, and a relatively brief, humid summer. TheMediterranean south is warm virtually all year round, and in parts of Andaluca positivelysubtropical, where it's often balmy enough to wear a t-shirt by day even in the winter months.

In high summer, the other factor worth considering is tourism itself. As the second most visitedcountry in the world, Spain plays host to about sixty million tourists a yearrather more than theentire populationand all the main beach and mountain resorts are packed in July and August,as are the major sights. August, Spain's own holiday month, sees the coast at its most crowded

and the cities, by contrast, pretty sleepy.

Spain in rainy


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Spain in winter

Spain in summer


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2 Toledo The capital of medieval Spain, Toledo has changed little since its depiction in ElGreco's paintings.

Toledo sits on a rocky mound where every available centimetre has been built upon: churches,synagogues, mosques and houses are heaped upon one another in a haphazard, cobblestoned

spiral. To see Toledo at its best, avoid peak holiday periods and stay at least a night. A day-tripwill leave you hard pressed to see everything, while in the evening with the crowds gone and thecity lit up by floodlightsresembling one of El Greco's moonlit paintingsToledo is a differentplace entirely.
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3The Alhambra, GranadaThe legendary Moorish palace complex is a monument to sensualityand contemplative decoration.
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4Picasso's GuernicaGuernica is a painting byPablo Picasso. It was created in response to thebombing of Guernica,Basque Country, byGermanandItalianwarplanesat the behest of theSpanishNationalistforces, on 26 April 1937, during theSpanish Civil War. TheSpanishRepublicangovernment commissioned Picasso to create a largemuralfor the Spanish display attheParis International Expositionat the1937 World's Fairin Paris.

Guernica shows the tragedies of war and the suffering it inflicts upon individuals, particularlyinnocent civilians. This work has gained a monumental status, becoming a perpetual reminder ofthe tragedies of war, ananti-warsymbol, and an embodiment of peace. On completion Guernicawas displayed around the world in a brief tour, becoming famous and widely acclaimed. Thistour helped bring theSpanish Civil Warto the world's attention.

ArtistPablo Picasso

Year 1937

TypeOil on canvas

Dimensions 349 cm 776 cm (137.4 in 305.5 in)

LocationMuseo Reina Sofia,Madrid
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Economy of spain

Spain'scapitalistmixed economyis thetwelfth largestworldwide and thefifth largestin theEuropean Union, as well as theEurozone'sfourth largest.

The centre-right government of former prime ministerJos Mara Aznarworked successfully togain admission to the group of countries launching theeuroin 1999.Unemploymentstood at7.6% in October 2006, a rate that compared favorably to many other European countries, andespecially with the early 1990s when it stood at over 20%. Perennial weak points of Spain'seconomy include high inflation, a largeunderground economy, and an education system which

OECD reports place among the poorest for developed countries, together with the United Statesand UK.

However, the property bubble that begun building from 1997, fed by historically low interestrates and an immense surge in immigration, imploded in 2008, leading to a rapidly weakeningeconomy and soaring unemployment. By the end of May 2009, unemployment reached 18.7%(37% for youths).

Before the current crisis, the Spanish economy was credited for having avoided the virtual zerogrowth rate of some of its largest partners in the EUIn fact, the country's economy created morethan half of all the new jobs in the European Union over the five years ending 2005, a process

that is rapidly being reversed The Spanish economy has been until recently regarded as one ofthe most dynamic within the EU, attracting significant amounts of foreign investment.

In 2008/2009 the credit crunch and world recession manifested itself in Spain through a massivedownturn in the property sector. Fortunately, Spain's banks and financial services avoided themore severe problems of their counterparts in the USA and UK, due mainly to a stringentlyenforced conservative financial regulatory regime. The Spanish financial authorities had notforgotten the country's own banking crisis of 1979 and an earlier real-estate-precipitated bankingcrisis of 1993. Indeed, Spain's largest bank, Banco Santander, participated in the UKgovernment's bail-out of part of the UK banking sector.
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Madrid Curator Torres Business Area.

Barcelona Finance Center


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Exports & imports of spain

Spanish exports to America rose 5.7% to $11.1 billion. Over that same period, Spaniardsconsumed $12.2 billion worth of U.S. importsan increase of 24.8%.

Spains Top Exports to America

Among the top 10 most popular exports from Spain to the U.S. last year, iron and steel productsexperienced the highest percentage increase in sales coming in with a 56.3% gain.

1. Other petroleum products US$1.6 billion, up 4.4% (14% of US imports from Spain)2. Pharmaceutical preparations $1.1 billion, up 7.8% (9.8%)3. Generators $873.7 million, up 14.9% (7.9%)4. Other industrial machinery $395.2 million, up 37.4% (3.6%)5. Fuel oil $314.5 million, up 72.7% (2.8%)6. Industrial organic chemicals $306.5 million, up 15% (2.8%)7. Vegetables and related preparations $302.4 million, up 3.1% (2.7%)8. Wine and related products $286.9 million, up 4% (2.6%) 9. Collectibles (antiques, artwork, stamps) $271.4 million, down 10.3% (2.4%)10.Iron and steel products $248.9 million, up 56.3% (2.2%).

Fastest-Growing Spanish Exports to the U.S.

Eight of the following fastest-growing export categories showed triple-digit percentage increasesin 2008 over last year.

1. Non-military spacecraft, engines and parts US$5.2 million, up 22,557% from 20072. Oilfield and drilling equipment $96.7 million, up 489.6%3. Liquified petroleum gases $15.5 million, up 227.5%4. Fertilizers andpesticides $22.3 million, up 171%5. Industrial engines $210.8 million, up 210.8%6. Computers $11 million, up 133%7. Unmanufactured steelmaking materials $22.8 million, up 127.3%8. Synthetics (rubber, wood, cork, resins) $38.4 million, up 122.6%

9. Fuel oil $314.5 million, up 72.7%10.Semiconductors $13.3 million, up 65.1%.


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Spains Top Imports from America

Below are the top 10 goods that Spain imported from the U.S.

1. Pharmaceutical preparations US$2.1 billion, up 108.4% from (17.8% of US exportsto Spain)

2. Fuel oil $990.2 million, up 559.5% (8.1%)3. Civilian aircraft $799.5 million, up 2.2% (6.6%)4. Organic chemicals $487.7 million, up 68.2% (4%)5. Medicinal equipment $408.8 million, up 0.2% (3.4%)6. Nuts $407.6 million, up 10.5% (3.3%)7. Barley, oats and sorghum $279.1 million, up 2% (2.3%)8. Soybeans $269.2 million, up 222.1% (2.2%)9. Telecommunications equipment $248.6 million, up 0.1% (2%)

10.Other petroleum products $217.1 million, up 6.3% (1.8%).

Fastest-Growing Spanish Imports from the U.S.

Highly diversified both in terms of product type and total sales, all 10 of the following Americanexports to Spain in 2008 had triple-digit percentage sales increases .

1. Coal US$74.7 million, up 5,459% from2. Fuel oil $990.2 million, up 559.5%

3. Oilseeds $26 million, up 421.8%4. Complete military aircraft $4.3 million, up 270.5%5. Bakery products $10 million, up 236.1%6. Soybeans $269.2 million, up 222.1%7. Wine and related products $2.9 million, up 197.9%8. Other foods $30.1 million, up 156.2%9. Rice $5.6 million, up 136.3%10.Pharmaceutical preparations $2.2 billion, up 108.4%.


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Spain Government Budget at -9.20 %

Spain reported a government budget deficit equivalent to 9.2 percent of the Gross DomesticProduct (GDP) in 2010. Government Budget is an itemized accounting of the payments received

by government (taxes and other fees) and the payments made by government (purchases and

transfer payments). A budget deficit occurs when an government spends more money than it

takes in. The opposite of a budget deficit is a budget surplus. This page includes: Spain

Government Budget chart, historical data and news.

Country Indicator Reference Actual Previous Next Release Imp

Spain Government Budget Dec/2010 -9.20 -11.10


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Spain Industrial Production at -5.70%

Industrial Production in Spain contracted 2.7 percent in June of 2011. Industrial production

measures changes in output for the industrial sector of the economy which includes

manufacturing, mining, and utilities. Industrial Production is an important indicator for economic

forecasting and is often used to measure inflation pressures as high levels of industrial

production can lead to sudden changes in prices. This page includes a chart with historical data

for Spain's Industrial Production.

Country Indicator Reference Actual Previous Next Release Impa

Spain Industrial Production Jul/2011 -5.70 -2.70


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Spain Inflation Rate at 3%

The inflation rate in Spain was last reported at 3 percent in August of 2011. From 2002 until2010, the average inflation rate in Spain was 2.78 percent reaching an historical high of 5.30

percent in July of 2008 and a record low of -1.40 percent in July of 2009. Inflation rate refers to a

general rise in prices measured against a standard level of purchasing power. The most well

known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator,

which measures inflation in the whole of the domestic economy. This page includes: Spain

Inflation Rate chart, historical data and news.

Country Indicator Reference Actual Previous Next Release Impac

Spain Inflation Rate Aug/2011 3.00 3.10


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Major crops of spain

Spain has long been Western Europe's leading producer, and the world's foremost exporter, oforanges and mandarins. In the early 1960s, the production of these commodities averaged 1.8million tons a year, and by the 1980s the annual yield averaged about 3 million tons. Grapefruit,lemons, and limes were also grown in quantity, but Spain was second to Italy among WestEuropean producers of these fruits.

Spain's other significant orchard crops were apples, bananas, pears, peaches, apricots, plums,cherries, figs, and nuts. Except for bananas, which were grown only in the Canary Islands, andfigs, which were grown mostly in the Balearic Islands, orchard crops were produced primarily inthe Levante and in Catalonia. The Catalan province of Lerida was the leading producer of applesand pears, and it ranked second to Murcia in the production of peaches. Almonds, grown along

the southern and the eastern coasts, emerged as another important Spanish cash crop. Almost halfof the 1985 crop was exported, approximately 70 to 75 percent of it to EC countries.

The principal vegetable crops were potatoes, tomatoes, onions, cabbages, peppers, and stringbeans. Spain was the leading producer of onions in Western Europe, and it was second only toItaly in the production of tomatoes. These crops were concentrated in Andalusia and in theintensively cultivated and largely irrigated Mediterranean coastal areas, where small garden plotsknown as huertas were common. The Canary Islands also produced a significant proportion ofSpain's tomatoes. Potatoes were a prominent garden crop in the northwest.

Spain was the world's leading producer and exporter of olives and olive oil, although in some

years Italy showed higher production levels because Spanish harvests were notably vulnerable toinsects, frost, and storm damage. In the 1980s, olive production fluctuated wildly, ranging from1.2 million to 3.3 million tons per year. Olive oil production was also volatile. Spain's oliveproduction is affected by EC quotas, and past efforts to control overproduction have included thedestruction of olive groves.

Sugar beets were Spain's most important industrial crop. Annual production in the mid-1980saveraged about 7 million tons. Cultivation was widely scattered, but the heaviest production wasfound in the Guadalquivir Basin, in the province of Leon, and around Valladolid. A smallamount of sugarcane was grown in the Guadalquivir Basin. Sugar production, controlled to meetEC quotas, was usually sufficient to meet domestic needs.


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Business opportunity in spain

Most Spanish business opportunities will involve buying a bar in Spain. This is because mostpeople looking at Spanish business opportunities will not be fluent in Spanish and so they lookfor a business opportunity in Spain that offers a service to tourists who typically will speakEnglish.

Most other business opportunities will also be tourism related due to the same language reasons.Most other popular business opportunities in Spain include buying a property and making itavailable to guests as either a hotel, guesthouse or B&B (bed and breakfast in Spain).Restaurants are also a popular business opportunity in Spain as people again seek to cater toSpain's huge tourist trade.

The explosion in numbers of younger people moving to Spain from Northern Europe has led to awhole host of new business opportunities in Spain catering to the new residents. These newSpanish business opportunities include estate agencies, bedding shops, English supermarkets,computer repair shops, English bookstores etc.

What can be the steps to strat business in spain

-You need an N.I.E. number for your business in Spain. This is simply an identification numberfor foreigners which you may have already as it is needed for many purposes such as renting orbuying a property.

-Decide with your accountant the structure of your business in Spain.

-Go to the local town hall and register your business in Spain by getting a opening licence(Licencia de Apertura) which defines what your business in Spain is and how it will operate.

-Your business in Spain needs to register with the Social Security office and make social securitypayments which vary depending on the structure of your business in Spain. If you are a soletrader (Empresa Individual) expect to pay approximately 235 a month.

-Get your business in Spain going - work harder than you have ever worked before - never giveup and make lots and lots of money!
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Documents

World of Spain