
Between 1995 and 2007, the proportion of foreign residents in Spain increased from 2% until 12%. In a few decades, Spain went from being a sender to a receiver country . The Great Recession, however, was a new turning point in the migration dynamics from and to Spain. The flow of immigrants reduced in a significant way and according to the Statistics of Residential Variations, the net external balance in the last years has been negative. From 2008, the emigration of Spaniards showed a clear upward trend, although this was still compensated by net inflows of foreigners until 2012.
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