Wednesday, May 18, 2011

Spain: A Quick By-The-Numbers

As we’ve mentioned before, unless the markets calm down soon, Spain will likely remain a worry. We’ve previously spotlighted the funding needs of the country. Here’s a quick run down of numbers you can sprinkle liberally into your heated family Thanksgiving-weekend debates on European sovereign debt issues.

  • The fourth-largest economy in the euro zone.
  • Deficit-to-GDP in 2009: 11.1% (Ireland is 14.4%. Greece is 15.4%)
  • Government spending as a percentage of GDP: 45.8%.
  • Government debt-to-GDP: 53.2%.
  • Unemployment rate: 19.8% in the third quarter. That is more than twice the European Union average, although the figure is down slightly from 20.9% in the second quarter.

All these numbers, and more, are available here.

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