Key Figures

Chief of State:
King Felipe VI
Head of Government:
President Pedro Sánchez Perez-Castejon


Government Name:
Kingdom of Spain
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 Constitutional 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 (2019)

Country Risk Rating

Changes in generally good but somewhat volatile political and economic environment can affect corporate payment behavior. A basically secure business environment can nonetheless give rise to occasional difficulties for companies. Corporate default probability is quite acceptable on average. Source: Coface (2020)

Government Branches

Main Powers Election Process Election Cycle 1

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


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


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:


  1. ElectionGuide
  2. EY,
  3. CIA World Factbook,
  4. U.S. Bilateral Relations Fact Sheets