Natural Resources And Environmental Regulations

Decent Essays

I. Economic Factors
III.I Natural Resources and Environmental Regulations
Based on the Economic Structure and Context report on Spain, it identifies Spain as being well known amongst Europe for having a mining industry that produces natural resources such as stone and marble. Spain’s agricultural sector was once worthy of noting but over time it has diminished to little of importance, however, Spain is still notably recognized for being a leading producer of olive oil and wine (Economic Structure and Context, pg 25). Spain is currently using environmental regulations approved by the European Union and requiring national implementation as well as implementation amongst its jurisdictions (Spain Country Profile). Based on information provided …show more content…

III.III Services
Spain’s service industry is largely dominated by tourism and banking (Economic Structure and Context). Other popular industries in Spain also include retailing and telecommunications (Spain Country Profile). According the Country Analysis Report of Spain, the services sector in Spain is “the fastest growing sector, followed by manufacturing and agriculture.” (Spain Country Profile). Tourism in Spain remains popular, as it is currently considered one of the largest services, as of 2012 the tourism was responsible for 11% of the GDP (Economic Structure and Context). According to the 2012 report on Spain by Country Monitor, it was reported that in 2008 approximately 57 million tourists visited Spain. As the number of tourists visiting Spain continues to grow, the national government has implemented an initiative to remain environmentally friendly. One of the highlighted goals of the Tourism Plan 2020 is to increase the traffic of tourism in areas outside of the popular tourism attractions (Spain has 2020 Vision).

II. Exports and Imports
As the vehicle manufacturing industry is one of the largest industries in Spain it is to no surprise that motor vehicles are one of Spain’s largest exports. According to the Spain Country Profile created by MarketLine, “The Spanish economy depends heavily on the automobile industry for exports to Asian economies” (Spain Country Profile). Other exports include

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