itiveness in a single currency area. Adjustment
to the monetary and other economic policies of an integrated Europe -
and reducing the unacceptably high level of unemployment - will pose
difficult challenges to Spain in the next few years.

GDP: purchasing power parity - $677.5 billion (1999 est.)

GDP - real growth rate: 3.6% (1999 est.)

GDP - per capita: purchasing power parity - $17,300 (1999 est.)

GDP - composition by sector:
agriculture: 3.2%
industry: 33.6%
services: 63.2% (1998 est.)

Population below poverty line: NA%

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

Inflation rate (consumer prices): 2.3% (1999 est.)

Labor force: 16.2 million (1997 est.)

Labor force - by occupation: services 64%, manufacturing, mining, and
construction 28%, agriculture 8% (1997 est.)

Unemployment rate: 16% (1999 est.)

Budget:
revenues: $115 billion
expenditures: $125 billion, including capital expenditures of $NA
(1998 est.)

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

Industrial production growth rate: 2.7% (1999 est.)

Electricity - production: 179.468 billion kWh (1998)

Electricity - production by source:
fossil fuel: 48.23%
hydro: 19.16%
nuclear: 31.23%
other: 1.38% (1998)

Electricity - consumption: 170.306 billion kWh (1998)

Electricity - exports: 5.6 billion kWh (1998)

Electricity - imports: 9 billion kWh (1998)

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

Exports: $112.3 billion (f.o.b., 1999 est.)

Exports - commodities: machinery, motor vehicles; foodstuffs, other
consumer goods

Exports - partners: EU 72% (France 20%, Germany 14%, Italy 9%,
Portugal 9%, UK 8%), Latin America 7%, US 4% (1998)

Imports: $137.5 billion (f.o.b., 1999 est.)

Imports - commodities: machinery and equipment, fuels, chemicals,
semifinished goods; foodstuffs, consumer goods (1997)

Imports - partners: EU 67% (France 18%, Germany 15%, Italy 10%, UK 8%,
Benelux 8%), US 6%, OPEC 5%, Japan 3%, Latin America 4% (1998)

Debt - external: $90 billion (1993 est.)

Economic aid - donor: ODA, $1.3 billion (1995)

Currency: 1 peseta (Pta) = 100 centimos

Exchange rates: euros per US$1 - 0.9867 (January 2000), 0.9386 (1999);
pesetas (Ptas) per US$1 - 14