CO, UPU, WEU, WHO,
WIPO, WMO, WSG, WTO

Diplomatic representation: Ambassador Julian SANTAMARIA; Chancery at
2700 15th Street NW, Washington DC 20009; telephone (202) 265-0190 or 0191;
there are Spanish Consulates General in Boston, Chicago, Houston, Los Angeles,
Miami, New Orleans, New York, San Francisco, and San Juan (Puerto Rico);
US--Ambassador Joseph ZAPPALA; Embassy at Serrano 75, Madrid 6
(mailing address is APO New York 09285); telephone p34o (1) 276-3400 or 3600;
there is a US Consulate General in Barcelona and a Consulate in Bilbao

Flag: 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
Overview: This Western capitalistic economy has done well since
Spain joined the European Economic Community in 1986. With increases in
real GNP of 5.5% in 1987 and about 5% in 1988 and 1989, Spain has been
the fastest growing member of the EC. Increased investment--both
domestic and foreign--has been the most important factor pushing the
economic expansion. Inflation moderated to 4.8% in 1988, but an
overheated economy caused inflation to reach an estimated 7% in 1989.
Another economic problem facing Spain is an unemployment rate of 16.5%,
the highest in Europe.

GNP: $398.7 billion, per capita $10,100; real growth rate 4.8% (1989
est.)

Inflation rate (consumer prices): 7.0% (1989 est.)

Unemployment rate: 16.5% (1989 est.)

Budget: revenues $57.8 billion; expenditures $66.7 billion, including
capital expenditures of $10.4 billion (1987)

Exports: $40.2 billion (f.o.b., 1988); commodities--foodstuffs,
live animals, wood, footwear, machinery, chemicals;
partners--EC 66%, US 8%, other developed countries 9%

Imports: $60.4 billion (c.i.f., 1988); commodities--petroleum,
footwear, machinery, chemicals, grain, soybeans, coffee, tobacco, iron and
steel, timber, cotton, transport equipment;
partners--EC 57%, US 9%, other developed countries 13%, Middle
East 3%

External debt: $32.7 billion (1988)

Industrial production: growth rate 3.0% (1988)

Electricity: 46,589,000 kW capacity; 157,040 million kWh produced,
3,980 kWh per capita (1989)

Industries: textiles and apparel (including footwear), food and beverages,
metals and metal