## Spain: Selected Issues

_IMF Staff Country Reports, October 6, 2017_

## Source details

**Canonical URL:** [Spain: Selected Issues](https://www.imf.org/en/publications/cr/issues/2017/10/06/spain-selected-issues-45320)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/10/06/spain-selected-issues-45320/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/10/06/spain-selected-issues-45320/index.json)
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## Bibliographic details
- Published: October 6, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484323700.002

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### Overview and key findings
- This Selected Issues paper analyzes the challenges for the Spanish pension system.
- Spain’s population, like those in many other advanced economies, is projected to age over the coming decades.
- Although projections are uncertain, the simple fact is that Spain’s aging and shrinking population has put and will continue to put relentless pressure on contributory pension finances.
- The reforms adopted in 2011 and 2013 if fully implemented will ensure the financial viability of the contributory pension system.

### Policy recommendations and reform options
- A package of reforms could include parametric changes such as:
  - automatically linking the retirement age to changes in life expectancy, and
  - adjusting accrual rates and the calculation of pensionable earnings.

### Scope and thematic coverage
- Subject: Aging, Bank credit, Employment, Expenditure, Labor, Money, Pension spending, Pensions, Population and demographics
- Keywords: accounts payable, Aging, Bank credit, CR, debt, differential employment recovery, Employment, Europe, Global, household balance sheets, IMF staff calculation, ISCR, job growth, labor market, Pension spending, Pensions

### Publication and document metadata
- Pages: 61
- Volume: 2017
- Issue: 320
- Series: Country Report No. 2017/320
- DOI: https://doi.org/10.5089/9781484323700.002
- Stock No: 1ESPEA2017004
- ISBN: 9781484323700
- ISSN: 1934-7685

*International Monetary Fund. European Dept. "Spain: Selected Issues", IMF Staff Country Reports 2017, 320 (2017).*

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## Content in this bundle

- **Country Report**
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  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17320.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/10/06/spain-selected-issues-45320_