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WEU, WHO, WIPO, WMO, WToO, WTO, ZC Diplomatic representation in the US: chief of mission: Ambassador Carlos WESTENDORP chancery: 2375 Pennsylvania Avenue NW, Washington, DC 20037 consulate(s) general: Boston, Chicago, Houston, Los Angeles, Miami, New Orleans, New York, San Francisco, and San Juan (Puerto Rico) FAX: [1] (202) 833-5670 telephone: [1] (202) 452-0100, 728-2340 Diplomatic representation from the US: chief of mission: Ambassador (vacant); Charge d'Affaires J. Robert MANZANARES embassy: Serrano 75, 28006 Madrid mailing address: PSC 61, APO AE 09642 telephone: [34] (91) 587-2200 FAX: [34] (91) 587-2303 consulate(s) general: Barcelona Flag description: three horizontal bands of red (top), yellow (double width), and red with the national coat of arms on the hoist side of the yellow band; the coat of arms includes the royal seal framed by the Pillars of Hercules, which are the two promontories (Gibraltar and Ceuta) on either side of the eastern end of the Strait of Gibraltar Economy Spain Economy - overview: Spain's mixed capitalist economy supports a GDP that on a per capita basis is 80% that of the four leading West European economies. The center-right government of former President AZNAR successfully worked to gain admission to the first group of countries launching the European single currency (the euro) on 1 January 1999. The AZNAR administration continued to advocate liberalization, privatization, and deregulation of the economy and introduced some tax reforms to that end. Unemployment fell steadily under the AZNAR administration but remains high at 11.7%. Growth of 2.4% in 2003 was satisfactory given the background of a faltering European economy. Incoming President RODRIGUEZ ZAPATERO, whose party won the election three days after the Madrid train bombings in March, plans to reduce government intervention in business, combat tax fraud, and support innovation, research and development, but also intends to reintroduce labor market regulations that had been scrapped by the AZNAR government. Adjusting to the monetary and other economic policies of an integrated Europe - and reducing unemployment - will pose challenges to Spain over the next few years. GDP: purchasing power parity - $885.5 billion (2003 est.) GDP - real growth rate: 2.4% (2003 est.) GDP - per capita: purchasing power parity - $22,000 (20
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