Economic Performance And Analysis

Topics: Unemployment, Macroeconomics, Economics Pages: 14 (1543 words) Published: December 8, 2014

Economic performance and analysis

The case of Spain

Prepared by Li Haozhen(Canaan)

07th Oct 2014
Similarity:2%
Contents page
1.0 Introduction………………………………………………… 3

2.0 Production output performance analysis…………………3 2.1 Data: Real GDP, GDP growth rate, capita…………… 3 2.2 Distribution: Spanish economic performance trends.. 5
2.3 Fiscal policy: Encourage domestic industry and attract foreign investment………………………….......5

3.0 Labor market analysis………………………………………6 3.1 Data: Unemployment rate ……………………………..6 3.2 Distribution: Spanish Cyclical unemployment…….….7
3.3 Fiscal policy: International trade restrictions …....…. .8

4.0 Price Level analysis…………………………………….......8 4.1 Data: Spanish inflation rate…………………………….8 4.2 Distribution: Inflation reason and trend…………….....9 4.3 Fiscal policy: Spanish austerity measures………….10

5.0 Conclusion………………………………………………….11 6.0 Reference…………………………………………………..13

1.0 Introduction
This essay constructs an index of economic performance for Spanish since 2004 to 2013, applying with macroeconomic analyze, aims to discuss the Spanish performance of economic over 10 years. The economic performance will be provide according three mainly factors: Production output performance, labor market analysis and price level analysis. For each part of analysis, the structure of the evidence including the description of following details: First of all, for analyzing the data, graph will be shown in the repot, secondly, the analyze will followed by the distribution and explain for each performance, lastly, the analysis will end by the government fiscal policy. After analyzing these three part of economic performance, the conclusion of this report will be provide at the end of the essay.

2.0 Production output performance analysis
2.1 Data: Real GDP, GDP growth rate, capita
The graphs showing on next page are real GDP (Constant price/ current price), GDP growth rate and GDP per capita in Spain, the collection of data start from 2004 to 2013.

2.2 Distribution: Spanish economic performance trends
According to the figures, it’s easy to see the current economic performance in Spain. First of all, because of the global financial crisis, the GDP in Spain start reduce since 2008, and only have a little fluctuations during the following years, which means the market value of Spanish goods and services stop increase for 5 years, and the size of economy production activities keep the same. Secondly, the Spanish GDP growth rate has 2 times of recession, the first recession start from the global financial crisis which was 2008. Although Spanish GDP growth rate start increase from 2009, but because of the business cycle, the second recession appeared from 2011. In another words, the economic of Spain is during the time of “double dip recession”. That is, the economy is declining for 2 times at lowest point of -1.6%. But before 2008, the GDP growth rates in Spain always keep a healthy performance. Lastly, the Spain GDP per capita keep reduce since 2008, although GDP growth rate start increase since 2009, but the capita still keep reducing, and reached the lowest point at 2014. That is, the capita indicate the average standard of living in Spain is lower and lower. 2.3 Fiscal policy: Encourage domestic industry and attract foreign investment GDP as a measure of the value of the production equals of the sum up of households’ consumption (C), firms’ investment (I), Government spending (G), Net exports (X). (Kaplan Economics Study guide, p.131) To achieve the aim of increase GDP in Spain, the Spanish government focuses of increase net export and firms’ investment. According to the research, automotive manufacturing is an important export industry in Spain. (Economic and development in Spain, 2013) For increase net export, Spanish government should not only encourage the development of domestic industry, and also need to control the...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Economics Performance Essay
  • Economics Essay
  • Analysis of Economic Decision-Making Essay
  • Economic Analysis
  • Essay about Economic analysis
  • Economic Analysis Essay
  • Economic Problem Analysis Essay
  • ECONOMICS Research Paper

Become a StudyMode Member

Sign Up - It's Free