Key Figures

Chief of State:
King Felipe VI
Head of Government:
Prime Minister Mariano Rajoy

Overview

Government Name:
Kingdom of Spain
Constitution:
Adopted in 1978; focused on basic rights & public liberties, duties of the citizens, principles of social & economic policy, the structure of the partial monarchy & parliament. This Constitution served as a means to begin the Spanish transition to a democracy.
Government Type:
Parliamentary Monarchy
Kingdom of Spain Flag
Coat of Arms of Kingdom of Spain

Index of Economic Freedom

Grades each country on a scale of 0 to 100, based on ten freedoms, with 100 representing the greatest amount of economic autonomy from government intervention. Source: Heritage Foundation (2018)

Country Risk Rating

A2
The political and economic situation is good. A basically stable and efficient business environment nonetheless leaves room for improvement. Corporate default probability is low on average. Source: Coface (2018)

Government Branches

Main Powers Election Process Election Cycle 1
Executive

Monarch is commander-in-chief of the Spanish armed forces and nominates a candidate for president of the government. Prime minister is president of government, conducts domestic and foreign policy, civil and military administration, and defense of the nation under the king.

Prime minister is elected by parliament.

Prime Minister: No fixed term length

Judicial

Responsible for processing substantial complaints of wrongdoing against prominent persons such as government ministers, assembly of senators general assembly of representatives and members of the various regional parliaments, senior judges, including the President and judges of the Constitutional Court (the highest tribunal in the Kingdom).

Appointed by the monarch.

Mandatory retirement age of 70

Legislative

Congress of Deputies & Senate: enactment of any law & amendment of the Constitution; Leader of Opposition: Heads an alternative "Shadow Government" which reflects the vies of the largest party not currently in the Congress of Deputy.

Senate has 208 members elected by plurality vote in multi-member constituencies and 49 members appointed by regional legislatures. Congress of Deputies members are elected through a closed-list proportional representation system.

4 years

Regional Trade Blocs

International Organization Participation [2]

Environmental Agreements [3]

Tax Information [2]

Tax Authority:
Ministry of Finance
Tax Name:
VAT

Sources:

  1. ElectionGuide http://www.electionguide.org/
  2. EY, http://www.ey.com
  3. CIA World Factbook, https://www.cia.gov/library/publications/the-world-factbook/
  4. U.S. Bilateral Relations Fact Sheets http://www.state.gov/r/pa/ei/bgn/