PESTLE ANALYSIS ON SPAIN

History of SpainDictatorship to Democracy in the Year 1978

Spain has been a member of the European Union since 1986

March 2012: Catalonia got political independence /Autonomous from Spain

Current Government : Mariano Rajoy Government from December 2011 till date

October 2011: Basque was declared independent

PESTLE highlights

Political landscapeSpain’s Pro-euro stance resulted into austerity to reduce deficit in accordance to

EU guidelines.

EU has also sanctioned EUR100 billion as bailout fund for its banks in return for adherence to the EU Fiscal Compact.

Increased cuts in healthcare and education budgets have triggered tensions

The judicial system is slow-moving and some what politicized.

Ruling Party People's Party

Economic Landscape

Spain is the fourth largest Euro Zone Economy

EU members have a 1.0 percent average tariff rate.(for open trade)

Interest rates on corporate loans in Spain are among the highest in the Euro area.

GNI per capita U.S $29,180

Unemployment:26.7%

Inflation (CPI):1.5%

FDI Inflow:$39.2 billion

GDP (PPP):$1.4 trillion

Social landscape

Total population of Spain 47.1 million and most speak Castilian Spanish

Spain ranks 7 in World Life Expectancy, according to a WHO which is 82.1Male : 79 years and Female 85 years

Sex Ratio 49.42% Male 50.58% Female

Spaniards are nice and funny, welcoming people .They have a very strong sense of family and they tend to gather often to share a meal.

World's Biggest Food Fight:Tomato festival Thousands gather to squash few hundred metric tonnes of Tomato

Technological landscape

Interministerial Committee of Science and Technology is responsible for the coordination and follow-up of Spain's participation in the international R+D programmes.

Spain also boasts one of the largest mobile markets in Europe.

Well-established 4G networks and broadband penetration is on par with the EU average

Spain managed only 711 patents in 2013

19.9 megawatt plant is the world’s first commercial-scale tower in solar power

High Speed Trains between Madrid and Barcelona (400 miles ) covers in 2.5 hours.

Legal landscape

Spanish law permits foreign investment of up to 100% of equity.

According to the World Bank's Doing Business 2015, it takes 13 days to start a business in Spain

It takes six procedures to start a business in Spain

Environmental landscapeSpanish environmental laws derive from the transposition of EU legislation. The main regulated environmental fields are:

Integrated environmental control.Natural heritage and biodiversity protection.Air quality and atmosphere protection.Environmental responsibility.Nuisance activities.Environmental impact assessment.Contaminated land.Waste.

By Arnab Ray Roll No 01Gaurav Sapre Roll No 23Kunal Lalwani Roll No 26