Spain has a high structural unemployment rate, with the newest official figures for the second quarter of 2021 standing at 15.26 p.c. Of explicit curiosity to U.S. Funding performs a key function in the bilateral economic relationship. Latin America, Spain locations a excessive precedence on the business and financial issues of Latin American international locations as a consequence of funding, language, immigration, and cultural ties. This shut relationship with Latin America can present strategic synergies like no other European country for U.S. Spain and Latin America. Many major U.S. companies are present in Spain, particularly in the industrial sector – cars, chemicals, pharmaceuticals, industrial equipment, and so on. SelectUSA/Bureau of Financial Analysis figures for 2020 show cumulative U.S.

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The United States enjoys shut bilateral relations with Spain. Spain in 2020 amounted to USD 12.9 billion, down from USD 15.2 billion in 2019. It ought to be thought of that actual U.S. With a GDP of USD 1.Three trillion and a population of forty seven million folks, Spain is the fourth-largest economy in the Eurozone. Spain are considerably increased than the reported numbers, since many of Spain’s imports from the United States arrive via ports of entry in different European international locations. Spain has traditionally represented a significant export marketplace for the United States, though the global pandemic decreased two-manner trade in items and companies. Spanish importers are receptive to trade alternatives from U.S.S. Department of Commerce, U.S. Based on the U.S.

Spain at USD 38.5 billion. Investment flows in 2020 had been approximately USD 2.7 billion. Spanish investments in the United States increased substantially lately, making Spain the tenth largest investor within the United States in 2020, in keeping with information from the U.S. Much of the funding has taken place in the past nine years, rising from a inventory of USD 14 billion in 2006 to approximately USD 88.6 billion in 2020 (by Historic Value-Basis- UBO). According to the identical source, Spanish-owned U.S. Bureau of Economic Analysis. U.S. corporations in Spain employ roughly 205,000 individuals.

Currently, our database consists of about 86K tweets, throughout the interval of March and April. Nevertheless, extra variety of tweets for the 2 months could possibly be mined progressively. Also, the utmost number of tweets being mined per day at the moment is 5K tweets from each state. Although more variety of tweets might be mined, we observe that the full variety of Covid-19 related posts are around 10k-12K per day across the country, on a mean.