## Spain: Staff Report for the 2004 Article IV Consultation

_IMF Staff Country Reports, February 17, 2005_

## Source details

**Canonical URL:** [Spain: Staff Report for the 2004 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/spain-staff-report-for-the-2004-article-iv-consultation-18063)

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## Bibliographic details
- Published: February 17, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451812114.002

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### Growth and economic performance (2004)
- Real GDP growth proceeded at a steady pace of 2.6 percent during 2004.
- The report states that the Spanish economy "has weathered the slowdown in the European Union relatively well."
- Domestic demand is identified as the primary driver of growth in 2004.

### External sector and current account
- The external current account is estimated to have widened to some 4¼ percent of GDP in the first half of 2004.
- Net exports are recorded as making a continued negative contribution to growth.

### Near-term outlook and projections
- A gradual, but sustained recovery is expected.
- GDP growth is projected at 2.7 percent in 2005.
- The projection for 2005 is "again based on the strength of domestic demand, with a continued negative contribution of net exports."

### Key subjects and thematic focus
- Banking
- Employment
- Housing prices
- Inflation
- Labor
- Prices
- Public debt

### Publication metadata (from the page)
- Series: Country Report No. 2005/056
- Volume: 2005
- Issue: 056
- Pages: 52
- DOI: https://doi.org/10.5089/9781451812114.002
- ISBN: 9781451812114
- ISSN: 1934-7685

*International Monetary Fund. "Spain: Staff Report for the 2004 Article IV Consultation", IMF Staff Country Reports 2005, 056 (2005).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/spain-staff-report-for-the-2004-article-iv-consultation-18063_