Spain is a dynamic country. Not only is Spain the eighth largest global economy, but it has also grown at a much faster rate as the euro-zone (3.8% in the third quarter of 2006 in comparison to 2.6% in the EU-15 and 2.6% in the euro-zone).
In addition, Spain commands a privileged geostrategic position: it belongs to the European Union and is the gateway to North Africa and Latin America (due to its strong economic, historic and cultural ties in this latter case).
Furthermore, Spain is a modern knowledge-based economy with services accounting for 65 percent of economic activity. The country has become a center of innovation supported by a young, highly-qualified work force and competitive costs.
All of this confirms Spain's position as a highly attractive country for foreign investment, as borne out by the UNCTAD World Investment Report 2006, in which, the country was ranked ninth in terms of direct inward foreign investment in 2005.
Source: www.interes.org
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