The International Monetary Fund (IMF)
estimated that the Spanish economy
is developing, as the economic growth
for 2017 is evaluated at 2.6%. The economic growth of the GDP for 2018 is estimated at 2.1%, but there are very good news related to the employment level
in this country. Investors who want to register a company in Spain
and to hire employees
from the local workforce
may receive in-depth information on the requirements established in this sense from our team of Spanish lawyers
Economic outlook for Spain
The economic increase registered in Spain was sustained by a set of relevant measures taken by the Spanish government. Foreign businessmen should also know that the unemployment level is gradually decreasing, which is an indicator of the economic growth registered in this country.
It is important to know that the current unemployment rate is Spain - which is set at 18.6% - will decrease this year to 17.7%.
Economic growth in the Q1 of 2017
The estimates for the economic growth in Spain were sustained by the level of development registered in the first quarter (Q1) of 2017. The GDP in the Q1 increased by 0.8%, according to the data provided by the Central Bank of Spain.
The estimation provided by the Central Bank shows a positive outlook for the period of 2017 - 2019.
In this sense, we mention that the level of Spanish exports
will be rising and that the local economy is estimated to grow in 2018 and 2019.
In terms of exports, investors must know that Spain is known for the following types of goods:
• refined petroleum;
• vehicle parts;
• fruits and nuts;
• clothing and accessories;
• iron and steel;