PESTLE Analysis of Spain | Assignment

PESTLE Analysis of Spain
Political
 Spain is a parliamentary autonomous country with that the country is facing political
crisis that impacted its global age.
 Spain face issues regarding government spending as the country showed trade deficit that
indicate more spending by the government than earnings.
 Due to that, political environment of Spain is uncertain and unstable
Economical
 The GDP of Spain in 2018 was $ 1426.19 billion with that the country ranked as the 13th
largest economy across the globe
 Main contribution in the development of the country is from tourism, agriculture and
manufacturing sector as the country received $82.8 million revenue from tourism sector
in 2018.
 With that the rate of inflation and unemployment will decrease in upcoming years
Social
 Spain population in 2019 was 46.7 million and most of people work in manufacturing,
electricity, agriculture and imports and exports sector.
 The executives working in the above sector prefer to live in luxurious hotels and further
20,000 people come Spain for “ la tomatina festival” that opportunity prove to be good
for establishing hotel in Spain
 Spain has affordable cost of living and relaxing climate that attract more tourists in the
country
Technological
 In Spain, large number of companies operates in technological advancement and
innovation that indicate advance technological infrastructure in the country.