Euskadi, an economy open to the world

Basque companies are skillfully responding to the economic globalization challenge by constantly increasing their presence in foreign markets and by accomplishing a higher openness of the basque economy (imports plus exports) than that of countries like Germany and much higher than all of Spain as a whole.

	2003	2004
	Degree of economic opening *
Basque Country	120.63%	123.25%
Germany	67.38%	71.14%
United Kingdom	54.94%	55.02%
Spain	53.84%	53.10%
Italy	51.08%	52.47%
France	50.33%	51.70%

* OPENNESS:: Extent of total exports and imports of goods and services on GDP, at constant prices.

Sources:: EUSTAT, Annual Accounts 2004 (Advance), Ministry for the Economy and EUROSTAT.

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