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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?
An economic comparison of two vastly different countries, with important elements in common
Luis Seco, University of Toronto
Country comparison
• Canada • Spain
Country numbersOlympic medals (2008) GDP
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%
Financial Market Comparison
• S&P-TS 60 • IBEX 35
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
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?
