Spain: Staff Report for the 2001 Article IV Consultation
IMF Staff Country Reports, March 13, 2002
Source details
- Canonical URL
- Spain: Staff Report for the 2001 Article IV Consultation
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Bibliographic details
- Published: March 13, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451812046.002
Executive summary
- The economy of Spain grew by more than 4 percent annually during 1997–2000.
- Drivers cited: strong consumption, competitive exports, wage moderation, and supply conditions enhanced by structural reforms.
- Annualized real GDP growth was about 2 percent in the third quarter of 2001, compared with 2.5 percent and 3 percent, respectively, in the second and first quarters of 2001.
- Industrial production decreased during most of 2001, and in November stood about 1 percent lower than a year before.
Findings and indicators
- Growth performance:
- "more than 4 percent annually during 1997–2000"
- "annualized real GDP growth was about 2 percent in the third quarter of 2001"
- "2.5 percent" in the second quarter of 2001
- "3 percent" in the first quarter of 2001
- Industrial activity:
- Industrial production "has been decreasing during most of 2001"
- "in November stood about 1 percent lower than a year before"
- Structural contributors to expansion:
- strong consumption
- competitive exports
- wage moderation
- supply conditions enhanced by structural reforms
Document identification
- This content is the IMF Staff Report for the 2001 Article IV Consultation on Spain.
Spain: Staff Report for the 2001 Article IV Consultation (IMF Staff Country Report 2002, 053).