After steady employment growth since the 1990s, Spain has experienced the sharpest increase in unemployment among OECD countries during the crisis, amplified by structural problems of the labour market.
The limits for extraction of natural resources have largely been reached and climate change is expected to continue lowering natural water endowments markedly in future especially in dry areas of the country
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This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.
Economic forecasts for GDP, unemployment, inflation and fiscal balance.
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External links to: recent economic data; current interest rates and exchange rates; latest macroeconomic reports; current outlook and projections; government budget information; speeches; relevant sites.
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.
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This note, taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2009, contains information about the progress in implementing reforms in line with the 2008 priorities for Spain.
Impressive progress has been made in raising participation in early childhood education as well as tertiary educational attainment over the past 30 years. However, the inflow of poorly educated youth into the labour market is unusually heavy for a high income country.
In his remarks, Mr. Gurría highlighted that reforms to promote more competitive product markets have been deeper in Spain than in the average of OECD country by reducing state control over enterprises in the business domain and lowering barriers to enterprise, foreign trade and investment.
En su discurso, Angel Gurría ha subrayado que las reformas para fomentar mercados de productos más competitivos han sido más profundas en España que en el promedio de la OCDE. Durante los últimos diez años, España ha logrado una importante reducción del control estatal sobre las empresas en el ámbito de los negocios y también una reducción significativa de las barreras al “emprendimiento”, al comercio exterior y la inversión.