Lucintelís PESTLE Analysis of Spain: Economy is Estimated to Reach $1.42 Trillion by 2018
Irving, TX, August 01, 2014 --(PR.com
)-- The Euro zone crisis and high fiscal deficit are expected to maintain their adverse effect on Spain’s economic growth, leading to a slow growth rate over the next five years. Lucintel estimates the Spanish economy to grow to $1.42 trillion by 2018. Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the various growth opportunities and risk factors associated with the country and present its findings in “PESTLE Analysis of Spain 2013.”
The economy primarily depends on the service industry; tourism, information and communication, and the health care industry were the leading sectors in the Spanish economy over the last five years. Spain faces challenges related to its extremely high unemployment rate, which is hindering per capita income and responsible for low domestic demand. Weak foreign and domestic demand has reduced the GDP growth and the economy contracted in 2012.
Despite its problems,Spain has much offer to the global community. It is the world’s fifth-largest producer of solar energy and fourth-largest producer in wind energy. The Spanish government seeks to increase renewable energy production. Biotechnology and the pharmaceutical industry are the major emerging sectors in Spain.
The major focus of the current government is sustainable growth combined with social development. The major challenge for Spain’s government is to reduce the general government fiscal deficit below the level of 6.3% of GDP in 2013 and increase employment opportunities. The government of Spain has targeted to reduce government debt by the end of 2014. The government is also aiming to diversify export and investment base by promoting trade with Asian and Latin American countries.
This report analyzes the impact of different macroeconomic indicators of the country on various industries. It also includes the impact of socio-political-demographical changes on Spain’s economic performance. This report analyzes domestic and external economic trends, government policies, technological changes, and their impact on different industries. In the current economic scenario of the country, construction, banking, and manufacturing industries are likely to be most affected.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at email@example.com. Lucintel’s country analysis includes Industry / Market Analysis and Capital Investment Analysis.