In 1991, the Spanish and world economic trends took a turn. The period of spectacular growth came to an end, at least temporarily. But in 1992, the situation of the Spanish economy was very different from that of 1982 or 1972. To put it briefly, the Spanish economy has become internationalised. Of total investment, which accounts for 25 points of GDP, about 5 points represent foreign investment, an inflow that has continued since then.
Future growth is tied to export growth.
The Single European Market is now presenting a new challenge to Spain's foreign trade.