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

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Presentation transcript:

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 GDP: $1.4T Olympic Medals in 2008: 18 Number of Universities: 90 Top University Ranking: 2727 Unemployment rate: 8%8% Population: 45M GDP: $1.3T Olympic Medals in 2008: 18 Number of Universities: 70 Top University Ranking: Unemployment rate: 20%20%

Macroeconomic comparison

Macroeconomic comparison (with France)

Financial Market Comparison S&P-TS 60 IBEX 35

Canada – Spain Comparison

Spain’s Financial Sector

Lessons to learn? In 2011: Topic for discussion: Will you have to look for a job in Spain in 2015?