n. The
conservative opposition Popular Party, now in power after ending 13
years of Socialist rule in the spring of 1996, has promised to cut
government spending, loosen regulations on financial markets, and
lower taxes to spur job creation. The conservatives have stated
support for Spain's role in the EU but also have cautioned against
harming Spain's economy by moving too quickly to meet the criteria
for monetary union.

GDP: purchasing power parity - $565 billion (1995 est.)

GDP real growth rate: 3% (1995 est.)

GDP per capita: $14,300 (1995 est.)

GDP composition by sector:
agriculture: 3.6%
industry: 33.6%
services: 62.8% (1995 est.)

Inflation rate (consumer prices): 4.3% (1995)

Labor force: 11.837 million
by occupation: services 59%, industry 21%, agriculture 11%,
construction 9% (1993 est.)

Unemployment rate: 22.8% (yearend 1995)

Budget:
revenues: $96.8 billion
expenditures: $122.5 billion, including capital expenditures of $5.7
billion (1994 est.)

Industries: textiles and apparel (including footwear), food and
beverages, metals and metal manufactures, chemicals, shipbuilding,
automobiles, machine tools, tourism

Industrial production growth rate: 7% (1995 est.)

Electricity:
capacity: 43,800,000 kW
production: 148 billion kWh
consumption per capita: 3,545 kWh (1993)

Agriculture: grain, vegetables, olives, wine grapes, sugar beets,
citrus; beef, pork, poultry, dairy products; fish catch of 1.4
million metric tons is among top 20 nations

Illicit drugs: key European gateway country for Latin American
cocaine and North African hashish entering the European market;
transshipment point for Southwest Asian heroin

Exports: $85 billion (f.o.b., 1995)
commodities: cars and trucks, semifinished manufactured goods,
foodstuffs, machinery
partners: EU 68.7%, US 4.9%, other developed countries 7.9% (1994)

Imports: $110 billion (c.i.f., 1995)
commodities: machinery, transport equipment, fuels, semifinished
goods, foodstuffs, consumer goods, chemicals
partners: EU 60.9%, US 7.3%, other developed countries 11.5%, Middle
East 6.2% (1994)

External debt: $90 billion (1993 est.)

Economic aid:
donor: ODA, $1.213 billion (1993)

Currency: 1 peseta (Pta) = 100 centimos

Exchange rates: pesetas (Ptas) per US$1 - 123.19 (January 1996),
124.69 (1995), 133.96 (1994), 127.26 (1993), 102.38 (1992), 103.91
(1991)

Fiscal year: c