Economic structureEconomic structureof Gipuzkoaof Gipuzkoa

1

GipuzkoaGipuzkoaA borderland-small but one of the most advanced provinces of Spain (economically, technologically)

Gipuzkoa is the east HistoricalTerritory of the Basque country and the

ll t i f S i (0 39%)smallest province of Spain (0,39%)

San Sebastian is the capital ( 20 kms tothe border/ 465 Kms to Madrid/780 Kms to Paris)

Population: 707.263 inhabitants in2010 (1,5% of Spain; 32,5% of Euskadi)

Population density: 357,14inhabitants per square kilometer

Nominal GDP per capita: 32 000€ Nominal GDP per capita: 32.000€

34% higher than spanish average

28% higher than EU averageg g

-13% lower than the USA

Stands out the weight of manufacturingStands out the weight of manufacturing The weight of Metallurgy, Machinery and Transport equipment is significantlyhigher than in Europe

G l dd d S t l di t ib ti

63,5 71,7 71,3 80,2 72,8 73,660,0

80,0

100,0Gross value added. Sectoral distribution

28,2 15,6 23,7 12,5 19,4 18,8

7,710,1 4,1

6,56,0 6,0

0,0

20,0

40,0

Gipuzkoa Spain Germany France Itali UE27

30,029,2

Industrial Gross value added

Gipuzkoa

Servicies Construction Industry Agricultur & Fishign

15,0

20,0

25,020,4

10 2 9 2

Gipuzkoa

Germany*

EU27

0,0

5,0

10,010,2 9,2

6,85,4 4,5 4,2 3,0 2,3 1,9 1,4 1,3

External tradeExports represent more or less the 30% of the total sales. Europe is

the destination for the 67% of the exportsExports destination Export share of GDP (%)

FranceIndia

Rest of Asia

Marocco Argelia Rest of Africa Oceania

Exports destination

40

45

1995 2011

Export share of GDP (%)

France

GermanyLatin

America

China

25

30

351995 2011

Germany

ItalyNorth

America

America

10

15

20

UK

Portugal

Resto of UE27

TurkeyRussia

Rest of Non UE Europe 0

5

Gipuzkoa Alemania Italia Francia R.Unido EEUU

Exports of machinery represents the 25% of the total.

Current account balance has been positive since 1993.

In 2010 the export-import coverage rate reached 175%.

Research and DevelopmentResearch and DevelopmentUpward trend of the expenditure in R&D in Gipuzkoa

Evolution of the expenditure in

4,0

R&D expenditure in % of GDP

4,1

4,2

Evolution of the expenditure in innovation as % of GDP

2,0

3,0

3,963 60 3 7

3,8

3,9

4,0

1,0

2,0 3,60 3,443,02 2,82 2,77

2,41 2,21 2,01 1,981,38 1,27

3,4

3,5

3,6

3,7

3,8 3,8 3,6 3,6 3,7 4,1 4,2

0,0 3,3

,

2003 2004 2005 2006 2007 2008 2009

The expenditure in R&D as percentage of GDP in Gipuzkoa, overcome theaverage percentage of the UE27 and the average percentage of Spain,

EmploymentEmploymentUnemployment rate is 13%, half of the unemployment rate in Spain (lowest)

52.07413,3%50.000

55.000Unemployment rate in Gipuzkoa

35.000

40.000

45.000

21.3884,1%

25.000

30.000

Weak recovery is not sufficient to create employment, although industrial

20.000

Weak recovery is not sufficient to create employment, although industrialemployment seems to show an incipient recovery

During the crisis, unemployment rate has risen by almost 10 percentagepointspoints

Top CompaniesManufacturing Sector EmploymentFagor Electrodomésticos S.Coop. Electric Domestic Appliances 4.042Construcciones Y Auxiliar De Ferrocarriles S.A. Railways 3.800Fagor Ederlan S.Coop. Metals 1.410Ulma Construcciones Y Embalajes S Coop Lifting And Handling Equipment 1 190Ulma Construcciones Y Embalajes S.Coop. Lifting And Handling Equipment 1.190Orona S.Coop. Lifting And Handling Equipment 829Irizar Cooperativa Industrial S.Coop. Automotive 729Indar Electric S.L. Electrical Equipment 690Corporacion Patricio Echeverria, S.A. Tools 660Copreci Machine-Tools 626Corrugados Azpeitia, S.L. Metals 535Fagor Arrasate Metals 507Talleres De Escoriaza, S.A.U. Metals 493Fagor Automation Automotive 474Natrazahor, S.A.U. Food 467Arcelormittal Olaberria S L Grupo Arcelor Metals 438Arcelormittal Olaberria, S.L. -Grupo Arcelor- Metals 438Candy Hoover Electrodomesticos, S.A. Appliance 433Arcelormittal Zumarraga, S.A. Metals 412Sidenor Industrial, S.L. Metals 401Gkn Driveline Zumaia, S.A. Automotive 360Angel Iglesias, S.A. Electrical Equipment 344g g q pRothenberger, S.A. Metals 308Asea Brown Boveri, S.A. Electrical Equipment 299Papelera Guipuzcoana De Zicuñaga, S.A. Paper 298Arcelormittal Bergara, S.A. - Grupo Arcelor - Metals 293Xey Corporacion Empresarial, S.L. Furniture 292Z d Oti S A Lifti A d H dli E i t 290Zardoya Otis, S.A. Lifting And Handling Equipment 290BankingKutxa Banking 2.854Caja Laboral Popular Banking 800Banco Guipuzcoano Banking 466ServicesServicesIbermatica S.A. Computer And Related Activities 3.180Uvesco-Unialco, S.L. Retail 2.500Policlinica Guipuzcoa, S.A. Health Care 338Euskaltel, S.A. Telecom 300

Mobility, Aerospace, AutomotiveIs one of the international market leaders in the design,manufacture, maintenance and supply of equipmentand components for railway systems

Renewable EnergygyGreen Sector

More than 20 companies & 2.000 employees

From on-shore wind power to off-shore wind power

Metallurgy &Metallurgy & MachineryMachinery

ElectronicElectronic ICT AudiovisualICT AudiovisualElectronicElectronic, ICT, Audiovisual, ICT, Audiovisual

T i & C kiTourism & Cooking

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