satisfactory given the background of a faltering European
economy. The socialist president, RODRIGUEZ ZAPATERO, has initiated
economic and social reforms that are generally popular among the
masses of people but that are anathema to religious and other
conservative elements. Adjusting to the monetary and other economic
policies of an integrated Europe, reducing unemployment, and
absorbing widespread social changes will pose challenges to Spain
over the next few years.

GDP (purchasing power parity):
$937.6 billion (2004 est.)

GDP - real growth rate:
2.6% (2004 est.)

GDP - per capita:
purchasing power parity - $23,300 (2004 est.)

GDP - composition by sector:
agriculture: 3.5%
industry: 28.5%
services: 68% (2004 est.)

Labor force:
19.33 million (2004 est.)

Labor force - by occupation:
agriculture 5.3%, manufacturing, mining, and construction 30.1%,
services 64.6% (2004 est.)

Unemployment rate:
10.4% (2004 est.)

Population below poverty line:
NA

Household income or consumption by percentage share:
lowest 10%: 2.8%
highest 10%: 25.2% (1990)

Distribution of family income - Gini index:
32.5 (1990)

Inflation rate (consumer prices):
3.2% (2004 est.)

Investment (gross fixed):
25.4% of GDP (2004 est.)

Budget:
revenues: $383.7 billion
expenditures: $386.4 billion, including capital expenditures of
$12.8 billion (2004 est.)

Public debt:
53.2% of GDP (2004 est.)

Agriculture - products:
grain, vegetables, olives, wine grapes, sugar beets, citrus; beef,
pork, poultry, dairy products; fish

Industries:
textiles and apparel (including footwear), food and beverages,
metals and metal manufactures, chemicals, shipbuilding, automobiles,
machine tools, tourism, clay and refractory products, footwear,
pharmaceuticals, medical equipment

Industrial production growth rate:
3% (2004 est.)

Electricity - production:
229 billion kWh (2002)

Electricity - production by source:
fossil fuel: 50.4%
hydro: 18.2%
nuclear: 27.2%
other: 4.1% (2001)

Electricity - consumption:
218.4 billion kWh (2002)

Electricity - exports:
4.4 billion kWh (2002)

Electricity - imports:
9.8 billion kWh (2002)

Oil - production:
7,099 bbl/day (2001 est.)

Oil - consumption:
1.497 million bbl/day (2001 est.)

Oil - exports:
135,100 bbl/day (2001)

Oil - imports:
1.582 million bbl/day (2001)

Oil - proved res