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Spain Facts & Figures

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Facts and Figures

Information Type Spain Data
Population

46,754,778 (June 2020)
Gross Domestic Product PPP (GDP)

US$1.398 trillion (2019)
GDP Per Capita

US$29,961 (2019)
Inflation Rate

-1.28% (2019)
Currency

Euro
Exchange Rate Versus U.S. Dollar

0.88 euro per U.S. dollar (June 2020)
Language

Castilian Spanish (official) 74%, Catalan 17%, Galician 7%, and Basque 2%
Capital

Madrid
Population of Capital City

6.61million (metropolitan area)
Time Zone

UTC/GMT +1 hour
Seasons

Temperate. Clear, hot summers in interior, more moderate and cloudy along coast. Cloudy, cold winters in interior, partly cloudy and cool along coast.
International Dialing Code

34
Electricity

230V, 50 Hz
System of Government

Parliamentary Monarchy
Current Leader

Prime Minister Pedro Sánchez (since June 2, 2018)
Income Tax Rate for Residents

20% to 47%
Property Tax

0.4% for urban properties and 0.3% for residential, plus an annual 3% tax on the cadastral value of real estate owned by nonresidents.
Capital Gains Tax

Residents: 20% to 24%Nonresidents: 19% to 23%
Inheritance Tax

From 7.65% to 34%, after certain tax-free amounts have been deducted.
Rental Income Tax

Nonresident: flat rate 24.75%
Transfer Tax

Scaled at 8%, 9%, 10%
Sales Tax

21%
Restrictions on Foreign Ownership of Property

No
Local Chamber of Commerce

http://www.cambrabcn.org/home

Av. Diagonal 452-454

08006 Barcelona

Tel: 902-448-448
American Chamber of Commerce

http://www.amchamspain.com/en/

Barcelona: Pl. Francesc Macià, 5 Piso 1º 1Tel: 34-93-415-99-63
Primary Exports

Chemicals, fruit and vegetables, machinery, motor vehicles, olive oil, petroleum products, shoes, small metal manufactures, textiles, wine.
Residency and Visa Requirements

Many non-EU citizens require a visa to enter Spain. If the stay is intended to be under three months (90 days), a tourist visa may be required. This is called a Schengen visa, valid for all of the countries in the Schengen Area, and is issued by the Spanish Embassy in the home country (or the embassy of the Schengen country in which a traveler will arrive).Anyone arriving in Spain with the intention of staying longer than three months requires a Residence Visa (Visado de Residencia). This must be requested from and issued by the Spanish Embassy of the applicant's home country, before departure for Spain. It is different to the standard 90-day Schengen visa in that it allows the holder to begin the residency application process. Application for residency is not typically accepted from anyone arriving on a Schengen visa.

Golden Visa program. This allows anyone from outside the EU to obtain residency by investing 500,000 euros either in government bonds or real estate.
Special Benefits for Foreign Residents or Retirees

Residency in Spain doesn’t just allow you to live in Spain. You can stay as long as you like in any of the 26 Schengen visa countries, meaning you could move as you wanted among SpainFranceItaly, Germany, Austria, Switzerland, and beyond.
National Airline

http://www.iberia.com/

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