## 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](https://www.imf.org/en/publications/cr/issues/2016/12/30/spain-staff-report-for-the-2001-article-iv-consultation-15713)

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## Bibliographic details
- Published: March 13, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451812046.002

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### 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).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/spain-staff-report-for-the-2001-article-iv-consultation-15713_