Economic structure of

1 Gipuzkoa A borderland-small but one of the most advanced (economically, technologically)

 Gipuzkoa is the east Historical Territory of the Basque country and the smallest province of SiSpain (0,39%)

San Sebastian is the capital ( 20 kms to the border/ 465 Kms to Madrid/780 Kms to Paris) Population: 707.263 inhabitants in 2010 (1,5% of Spain; 32,5% of Euskadi) Population density: 357,14 inhabitants per square kilometer  Nominal GDP per capita: 32.000€ . 34% higher than spanish average . 28% higher than EU average . -13% lower than the USA Stands out the weight of manufacturing The weight of Metallurgy, Machinery and Transport equipment is significantly higher than in Europe

Gross value adde d. StSectoral dis tr ibu tion 100,0

80,0 63,5 60,0 71,7 71,3 80,2 72,8 73,6

40,0 7,7 4,1 20,0 10,1 6,0 6,0 28,2 6,5 15,6 23,7 12,5 19,4 18,8 0,0 Gipuzkoa Spain Germany Itali UE27 Servicies Construction Industry Agricultur & Fishign

Industrial Gross value added 29,2 30,0 Gipuzkoa 25,0 20,4 Germany* 20,0 EU27

15,0 10,2 929,2 10,0 6,8 5,4 4,5 4,2 3,0 5,0 2,3 1,9 1,4 1,3 0,0 External trade Exports represent more or less the 30% of the total sales. Europe is the destination for the 67% of the exports Exports destination Export share of GDP (%) Rest of Argelia Marocco Africa Oceania 45 Rest of Asia 40 India France 1995 2011 China 35

30

Latin 25 America Germany 20

15 North America Italy 10 Rest of 5 Non UE Resto of UK Europe UE27 0 Gipuzkoa Alemania Italia Francia R.Unido EEUU Russia Turkey Portugal

Exports of machinery represents the 25% of the total.  Current account balance has been positive since 1993. In 2010 the export-import coverage rate reached 175%. Research and Development Upward trend of the expenditure in R&D in Gipuzkoa

Evolution of the expenditure in R&D expenditure in % of GDP innovation as % of GDP

4,2 4,0 4,1 4,0 3,0 3,9 3,8 2,0 3,96 3603,60 3,44 373,7 3,02 2,82 2,77 3,6 2,41 2,21 2,01 1,98 1,0 3,5 1,38 4,2 1,27 3,8 3,8 4,1 3,4 3,6 3,6 3,7

0,0 3,3 2003 2004 2005 2006 2007 2008 2009

The expenditure in R&D as percentage of GDP in Gipuzkoa, overcome the average percentage of the UE27 and the average percentage of Spain, Employment Unemployment rate is 13%, half of the unemployment rate in Spain (lowest)

Unemployment rate in Gipuzkoa 55.000 52.074 50.000 13,3%

45.000

40.000

35.000

30.000 21.388 4,1% 25.000

20.000

Weak recovery is not sufficient to create employment, although industrial employment seems to show an incipient recovery During the crisis, unemployment rate has risen by almost 10 percentage points Top Companies

Manufacturing Sector Employment Fagor Electrodomésticos S.Coop. Electric Domestic Appliances 4.042 Construcciones Y Auxiliar De Ferrocarriles S.A. Railways 3.800 Fagor Ederlan S.Coop. Metals 1.410 Ulma Construcciones Y Embalajes S. Coop. Lifting And Handling Equipment 11901.190 Orona S.Coop. Lifting And Handling Equipment 829 Irizar Cooperativa Industrial S.Coop. Automotive 729 Indar Electric S.L. Electrical Equipment 690 Corporacion Patricio Echeverria, S.A. Tools 660 Copreci Machine-Tools 626 Corrugados , S.L. Metals 535 Fagor Arrasate Metals 507 Talleres De Escoriaza, S.A.U. Metals 493 Fagor Automation Automotive 474 Natrazahor, S.A.U. Food 467 Arcelormittal , S .L . -Grupo Arcelor- Metals 438 Candy Hoover Electrodomesticos, S.A. Appliance 433 Arcelormittal Zumarraga, S.A. Metals 412 Sidenor Industrial, S.L. Metals 401 Gkn Driveline , S.A. Automotive 360 Angggel Iglesias, S.A. Electrical Eqqpuipment 344 Rothenberger, S.A. Metals 308 Asea Brown Boveri, S.A. Electrical Equipment 299 Papelera Guipuzcoana De Zicuñaga, S.A. Paper 298 Arcelormittal , S.A. - Grupo Arcelor - Metals 293 Xey Corporacion Empresarial, S.L. Furniture 292 ZdZardoya Oti OtiSAs, S.A. Lifting An d Han dling E qui pment 290 Banking Banking 2.854 Caja Laboral Popular Banking 800 Banco Guipuzcoano Banking 466 Services Ibermatica S.A. Computer And Related Activities 3.180 Uvesco-Unialco, S.L. Retail 2.500 Policlinica Guipuzcoa, S.A. Health Care 338 Euskaltel, S.A. Telecom 300 Mobility, Aerospace, Automotive Is one of the international market leaders in the design, manufacture, maintenance and supply of equipment and components for railway systems Renewable Energy Green Sector

More than 20 companies & 2.000 employees

From on-shore wind power to off-shore wind power Metallurgy & Machinery Electronic, ICT, Audiovisual Ti&CkiTourism & Cooking Thank you for your attention