Transcript 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
Country comparison
• Canada
• Spain
Country numbers
Olympic medals (2008)
GDP
A comparison with numbers
• Population: 33M
• Population: 45M
• GDP: $1.4T
• GDP: $1.3T
• Olympic Medals in 2008: 18
• Olympic Medals in 2008: 18
• Number of Universities: 90
• Number of Universities: 70
• Top University Ranking: 27
• Top University Ranking: 201
• Unemployment rate: 8%
• Unemployment rate: 20%
Macroeconomic comparison
Macroeconomic comparison (with France)
Financial Market Comparison
• S&P-TS 60
• IBEX 35
Canada – Spain Comparison
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
Canada
Spain
Spain’s Financial Sector
2008
2011
Lessons to learn?
•
In 2011:
Topic for discussion: Will you have to look for a job in Spain in 2015?