Core Facts
- Population: 46M
- GDP: USD 1.19 trillion
- GDP per head: USD 30,466
- Workforce: 18.4M
- Unemployment (2017): 18.75%
- Average high skilled monthly wages (2017): USD 2,347
Regulatory
- Government debt: 99.4% of GDP
- Personal income tax: 45%
- Corporation tax: 25%
- World corruption ranking 2016: 41st Transparency International
- Ease of doing business ranking: 32nd Business Freedom Index
- Labour law: ILO Conventions ratified
- Data protection: Member of the EU and so recognised as having adequate protection
Spain presents a number of challenges for the global business in terms of understanding its diversity in culture and language and how its labour relations work. Spain’s labour laws are primarily regulated by the Workers’ Statute and its labour relations work through a complex mix of Government organisations (the Spanish Labour and Social Security Inspectorate and National Public Employment Service (SEPE), works councils, Trade Unions and national and provincial level Collective Bargaining Agreements), often with the result that an employee’s terms and conditions can vary by region.
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