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ESSP TRAVEL GUIDE
SPAIN
On Europe’s Iberian Peninsula, is really 17 autonomous regions, each with its own geography and culture.
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LIVING
TRAVEL
INVESTMENT
GDP
$1.407 Trillion
GDP per capita
$29,851
Unemployment Rate
23% (2015)
DEBT Ratio
86.41% of GDP (2015)
When Joined EU
January 1, 1986
Government
Constitutional Monarchy
CULTURAL BACKGROUND
Spain
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Constitutional Monarchy governed under the constitution of 1978
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Joined EU in 1986
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2008 housing bubble
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€41 billion EU loan
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Debt 86% of GDP
Catalonia
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Barcelona, Girona, Lleida, Tarragona
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About 19% of Spanish GDP
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Want full autonomy
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TV3
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Remnants of Spanish culture
INVESTMENT ANALYSIS
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2014 GDP growth 1.4%
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German economic model
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GDP $1.4 Trillion
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GDP per capita $29,850
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Unemployment 23%
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Corporate tax rate reduced
from 30% to 28%
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Top marginal income tax
reduced from 56% to 47%
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Competition with favoured investor countries (Czech Republic)
PERSONAL EXPERIENCE
" The weather and food in Spain were amazing. It felt great to finally understand the language after spending a week in the Czech Republic. Definetely recommend eating some seafood paella and going to see La Sagrada Familia. Also, we were very surprised that most businesses are closed on Sunday in a busy tourist city like Barcelona."
Jennifer Martinez Pinillo
" Stay hydrated and don't forget to bring a lot of sun screen."
Pavla Tan
" The beaches in Spain were great! It was awesome how there were people there at all hours of the day and night."
Catherine Aiello
" Barcelona is a vibrant city and spending all day and night on the beach was an unforgettable memory."
Farhaan Dhrolia
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