How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
... Telefonica are NOT the only service provider of Telephone Lines, Internet Access or Mobile Phones?
Tumbit recommends Telitec Communications. Find out how Telitec Communications can help you here!
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Daily brief -Monday 25 July 2016
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
Spain GDP expected to grow 1.6 pct over 2011
The Gross Domestic Products figures for Spain decreased by 0.2% over the course of 2010, a slight improvement on the government's estimate of 0.3%, a government official was quoted as saying yesterday.
If the Country's troubled construction sector were to be excluded, Spanish GDP would actually have increased last year by 1.6 %, according to the secretary of state for Economy, Jose Manuel Campa.
The worldwide economic downdurn has perhaps hit Spain harder than most due to the consecutive collapse of the decade-long property boom.
Spain's central bank intends to issue its financial report for 2010 over the next few days, however the official numbers from the INE (National Office of Statistics) are not scheduled for release until Feb. 11.
Prime Minister Jose Luis Rodriguez Zapatero's Socialist government still forecasts that the country's GDP will grow by 1.6% over 2011, positioning the Spanish economy to continue with a yearly growth of between 2 and 3%, Campa said.
Recent reforms, including a pension overhaul announced just last week, is expected to enable Spain to enjoy "more sustained growth in the long term" than it has in the last decade, Campa continued.
The agreement over pensions was finalised as latest figures showing how Spain's unemployment stood at more than 20% percent at the end of last year, the highest rate in over a decade. The number equates to 4.7 million currently unemployed, which marks Spain as having the worst unemployment figures in the developed world.
Latest News & Stories
- Tensions Heat Up Between NATO Allies as Spain and UK Spat Over Gibraltar
- Spain poised to grow 2.9 percent in 2016
- Vodafone Spain service revenues up for 1st time since 2008
- Manifesto calls on politicians to avoid third election
- Spainís Audit Office says Ä300 million a year being paid to deceased pensioners
- New flights announced Birmingham - Spain
- Spain to Ask EU for Two Additional Years to Reduce Budget Deficit
- Spain demands explanation over British nuclear submarine collision off Gibraltar
- Spainís King Felipe gives Rajoy 1 week to form government
- What does Brexit mean for Expats in/from the UK and the EU ?