IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL SPAIN

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Madrid

2016 2017 2018 2019 2020

506 2019

34

34

0.893 2019 47.10 2019 1,394.1 2019 40,841 2019 2.0 2019 0.70 2019 14.10 2019 23.03 2019 2.00 2019 659.0 2018 1.33 2019

Exchange Rate (per $)

36

36

36

19

Population - market size (millions)

CHALLENGES IN 2020 Preserve and strengthen the business sector. Improve the business climate to reactivate investment. • Preserve and strengthen the business sector. • Improve the business climate to reactivate investment. • Boost digitalization and scientific research, development and technological innovation. • The rebirth of the industry, betting on high-value growth. • The improvement of the employability of working people, rethinking policies of employment in the framework of social dialogue.

13

Gross Domestic Product (GDP) (US$ billions)

28

GDP (PPP) per capita (US$)

35

Real GDP growth (%)

15

Consumer price inflation (%)

60

Unemployment rate (%)

19

Labor force (millions)

29

Current account balance (% of GDP)

14

Direct investment stocks inward ($bn)

Spanish Confederation of Employers, Madrid Provided by: Spanish Confederation of Employers, Madrid

47

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

14

20

22

24

24

26

26 26

27

30

34

36

38

42

46

51 51

54

54

54

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries)

POPULATIONS > 20 MILLION (29 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

13

22

22

23

23

14

14

14

24

15

106

IMD WORLD COMPETITIVENESS BOOKLET 2020