PESTLE Analysis of Spain: Economic and Political Overview

This assignment presents a PESTLE analysis of Spain, evaluating the country's political, economic, social, technological, legal, and environmental factors. The analysis highlights Spain's political instability due to corruption and government spending, and its economic performance, including GDP, key industries like tourism and manufacturing, and the unemployment and inflation rates. The social aspect considers population and tourism. The technological section focuses on technological advancements. Legal and environmental aspects are also briefly discussed, providing a comprehensive overview of Spain's current state and challenges. The report provides insights into the country's strengths, weaknesses, and potential for future development.

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.

 86.11 percent market in the country is penetrated by internet that indicates the importance
of social media network in Spain. Hence, better digital marketing strategies can be used
to attract customers.
Legal
 No restrictions on purchase of land for commercial purposes
 Strongest law for employees right and protection
 The country legal laws allows foreign investment of up to 100 percent of equity
Environment
 Most preferable destination by people across the world because of mountains, beaches
and prehistoric sites
 Most visited cities are Barcelona, Malaga, Madrid and Valencia
 Environment damages that the country face includes water pollution, deforestation, air
pollution, dissertation and noise pollution