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Spain: Selected Issues

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  • International Monetary Fund

Abstract

Spain has experienced income convergence consistently in the past decade, despite gradual losses in competitiveness. The empirical evidence indicates that overall EU enlargement offers a range of opportunities for Spain, points to potential pressures in specific sectors, and offers challenges, and tackling the challenges requires a flexible economy. The pattern of Spanish exports is dominated by its off-center location in the Southern part of the EU. Geographical location also plays a central role in determining the origin of foreign direct investment (FDI) flows to Spain.

Suggested Citation

  • International Monetary Fund, 2004. "Spain: Selected Issues," IMF Staff Country Reports 2004/090, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2004/090
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