Spain is a centre-left governed country under Prime Minister Pedro Sánchez (PSOE), facing political instability after parliament rejected housing reforms, prompting a snap general election on November 29, 2026. Economically, growth remains stable at 0.7% in Q2 2026 (Eurostat), but inflation rose to 5.0% in September 2026 (Eurostat), with public debt at 101.6% of GDP (Q1 2026, Eurostat).