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Spain: the Canada of Europe? An economic comparison of two vastly different countries, with important elements in common Luis Seco, University of Toronto

Spain: the Canada of Europe?

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Spain: the Canada of Europe?. An economic comparison of two vastly different countries, with important elements in common Luis Seco, University of Toronto. Country comparison. Canada. Spain. Country numbers. Olympic medals (2008). GDP. A comparison with numbers. Population: 33M - PowerPoint PPT Presentation

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Page 1: Spain: the Canada of Europe?

Spain: the Canada of Europe?

An economic comparison of two vastly different countries, with important elements in common

Luis Seco, University of Toronto

Page 2: Spain: the Canada of Europe?

Country comparison

• Canada • Spain

Page 3: Spain: the Canada of Europe?

Country numbersOlympic medals (2008) GDP

Page 4: Spain: the Canada of Europe?

A comparison with numbers

• Population: 33M

• GDP: $1.4T

• Olympic Medals in 2008: 18

• Number of Universities: 90

• Top University Ranking: 27

• Unemployment rate: 8%

• Population: 45M

• GDP: $1.3T

• Olympic Medals in 2008: 18

• Number of Universities: 70

• Top University Ranking: 201

• Unemployment rate: 20%

Page 6: Spain: the Canada of Europe?

Macroeconomic comparison (with France)

Page 7: Spain: the Canada of Europe?

Financial Market Comparison

• S&P-TS 60 • IBEX 35

Page 8: Spain: the Canada of Europe?

Canada – Spain Comparison

Consumer D

iscretionary

Consumer S

taples

Energy

Financia

ls

Health Care

Industrials

Information Tech

nology

Materials

Telecommunica

tion Servi

ces

Utilities

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

CanadaSpain

Page 9: Spain: the Canada of Europe?

Spain’s Financial Sector

2008 2011

Page 10: Spain: the Canada of Europe?

Lessons to learn?• In 2011:

Topic for discussion: Will you have to look for a job in Spain in 2015?