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Observatory for Social and Economic Development in the Basque Country

Report Gaindegia 2009: Figures of the year

This section presents some figures which help us to measure the socio-economic situation in Basque Country.

34%

Between 1995 and 2007, Araba, Bizkaia and Gipuzkoa were the main suppliers and the main customers for the Navarre economy. In this way, the average purchasing volume from the three provinces in Navarre was 25.3% and sales stood at 34% during the aforementioned period. We have seen several changes however as on the one hand quotas have fallen, both for sales and purchasing between 2003 and 2007, although the volume of purchasing from the Navarre economy in Araba, Gipuzkoa and Bizkaia improved slightly in the period 2005-2007, but not the sales.

Source: www.c-intereg.es.

-22.2%

In the South Basque Country, the industrial production rate dropped 22.2% in Navarre and 20.9% in Araba, Bizkaia and Gipuzkoa between 2008 and 2009. Diminishing industrial activity has been similar throughout the South Basque Country but if we compare this data to figures from December 2008, comparing the monthly rate, production rose 14.5% in Navarre in December 2009 whilst it dropped 2.7% in Araba, Bizkaia and Gipuzkoa.

Source: EUSTAT,INE.

23.17%

In 2008, the business investment in the Basque Country was 23.17% of GDP, similar to Japan. Since 2000, business investment has dropped 2.53% in the Basque Country. The EU evolution has also been downwards in the 00-08 period, standing at an average of 21.09% for 2008. Investment in the USA was 18.47%.

Source: EUROSTAT.

80

In 2009, the number of deaths in work-related accidents in the Basque Country stood at 80 workers. The number of deaths in work-related accidents has dropped over the last three years. Between 2007 and 2008, there were 10.4% less deaths in the Basque Country, dropping from 125 to 112. On the other hand, from 2008 to 2009 the number of deaths due to work-related accidents in the Basque Country dropped 28.6%, from 112 to 80.

Source: LAB Trade Union.

125%

BANKOA was the bank with the highest delinquency cover rate from among all the Basque banks, building societies and loan cooperatives, with 125% coverage and a low delinquency rate of 1.59%. It is followed by IPAR KUTXA, with a default cover rate of 102% and a delinquency rate of 2.24% in September 2009. As far as coverage is concerned, the remaining entities offered figures between 60 and 95% and whilst their delinquency rate was between 2.5% and 4%.

Source: Data published by the credit entities, CECA and AEB.

1.79%

In 2008, RTD spending in the Basque Country was 1.79% of GDP, a long way from the 3% Europe set for 2010, although spending in the Basque Country has risen from 0.95% to 1.79% in the last 10 years. Nevertheless, although it is close to the EU-27 average of 1.9%, it is still a long way off Finland (3.72%), Japan (3.78%) or the USA (2.62%).

Source: EUROSTAT

28.78%

Second homes doubled compared to first homes in the North Basque Country between 1999 and 2006. Whilst the number of first homes grew 12.2%, second homes rose 28.78% whilst the number of empty homes dropped 26.27% over these seven years.

Source: Report Socio-demographic image of the North Basque Country, Gaindegia.

8.65%

The Basque Country closed 2009 with an unemployment rate of 8.65% (taking the EUSTAT data as a reference). There were 4.01% more people unemployed compared to 2008. However, considering we are economic recession, the situation is more positive than ten years ago, as the unemployment rate in 1999 was 13.77%.

Source: EUSTAT, INE, INSEE.

15.4%

Among the main Basque ports, the port of Bayonne reported 15.4% accumulated traffic growth between 2008 and 2009. In the South Basque Country, the ports of Pasajes and Bilbao suffered a 26.62% and 16% drop in traffic in this same period. In 2009, the port of Pasajes recorded traffic of 3.4 million tonnes and Bayonne of 4.3 million tonnes. The accumulated traffic for the port of Bilbao, on the other hand, easily exceeded the other two ports, with 29 million tonnes, although it has suffered a drop of 16% in the last year.

Source: Port of Pasajes, Port of Bilbao, Bayonne Chamber of Commerce

7.5%

From 2004 to 2008, the poverty risk rate dropped 4.16 points according to the statistics institutes. 2004. In 2004, 11.66% of the total population of the Basque Country was on the aforementioned threshold, whilst in 2008 this percentage dropped to 7.5%. In Finland, the poverty risk rate dropped one point from 29% to 28%. On the other hand, in the EU in the period 04-08, this rate rose from 16% to 17%.

Source: INE, EUROSTAT.

263,876

In 2008 there were 263,876 companies in the Basque Country, including freelancers. 17,767 new companies have been created since 2006. 15,967 companies were created in the 2006-2007 period and 6,421 in 2007- 2008. The industrial sector is the only sector with negative growth for 07-08 as 89 small companies closed.

Source: EUROSTAT, EUSTAT, NIE, INSEE.

4.4%

On average, public spending on health in the South Basque Country in 2007 was 4.4% of GDP, lower than spending on Cooperation Organisation and Economic Development 6.5%. Therefore, in 2007, Navarre invested 589.7€ less per inhabitant in health and 647.7€ less in Araba, Bizkaia and Gipuzkoa.

Source: Studies. Report on public health in the Southern Basque Country. January 2010 no. 19. Manu Robles-Arangiz Foundation.

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