ket are likely to lead to
more displaced workers.
GDP:
purchasing power equivalent - $487.5 billion, per capita $12,400; real
growth rate 2.5% (1991 est.)
Inflation rate (consumer prices):
5.9% (1991 est.)
Unemployment rate:
16.0% (1991 est.)
Budget:
revenues $111.0 billion; expenditures $115.9 billion, including capital
expenditures of $20.8 billion (1991 est.)
Exports:
$60.1 billion (f.o.b., 1991)
commodities:
cars and trucks, semifinished manufactured goods, foodstuffs, machinery
partners:
EC 71.0%, US 4.9%, other developed countries 7.9%
Imports:
$93.1 billion (c.i.f., 1990)
commodities:
machinery, transport equipment, fuels, semifinished goods, foodstuffs,
consumer goods, chemicals
partners:
EC 60.0%, US 8.0%, other developed countries 11.5%, Middle East 2.6%
External debt:
$45 billion (1991 est.)
Industrial production:
growth rate 2.0% (1991 est.)
Electricity:
46,589,000 kW capacity; 157,040 million kWh produced, 3,980 kWh per capita
(1991)
Industries:
textiles and apparel (including footwear), food and beverages, metals and
metal manufactures, chemicals, shipbuilding, automobiles, machine tools,
tourism
Agriculture:
accounts for about 5% of GDP and 14% of labor force; major products - grain,
vegetables, olives, wine grapes, sugar beets, citrus fruit, beef, pork,
poultry, dairy; largely self-sufficient in food; fish catch of 1.4 million
metric tons is among top 20 nations
Illicit drugs:
key European gateway country for Latin American cocaine entering the
European market
Economic aid:
US commitments, including Ex-Im (FY70-87), $1.9 billion; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-79), $545.0 million; not
currently a recipient

:Spain Economy

Currency:
peseta (plural - pesetas); 1 peseta (Pta) = 100 centimos
Exchange rates:
pesetas (Ptas) per US$1 - 104.79 (March 1992), 103.91 (1991), 101.93 (1990),
118.38 (1989), 116.49 (1988), 123.48 (1987)
Fiscal year:
calendar year

:Spain Communications

Railroads:
15,430 km total; Spanish National Railways (RENFE) operates 12,691 km
1.668-meter gauge, 6,184 km electrified, and 2,295 km double track; FEVE
(government-owned narrow-gauge railways) operates 1,821 km of predominantly
1.000-meter gauge and 441 km electrified; privately owned railways operate
918 km