Salient to Investors:

  • Fundacion Alternativas said 700,000 Spaniards left Spain between 2008 and 2012. The National Statistics Institute reports 547,890 left in 2013, 79,306 of them Spanish nationals born in Spain.
  • Spaniards are fleeing 25% unemployment and flocking to Latin America, including Brazil, where language barriers are few, the cost of living is lower, and the opportunity to climb the corporate ladder are plenty. 5,739 Spaniards moved to just Chile in 2013, versus 3,700 to the whole of Latin America in 2005 .
  • Spaniards are prized for their European education and background. Spaniards are surprised by the modernity, opportunity and comforts of home in countries like Peru, Chile and Brazil.
  • The IMF predicts Spain to grow 1.2% in 2014, Peru 5.5% , Mexico 3%, Chile 3.6%  and Panama 7.2%.

Read the full article at http://www.bbc.com/capital/story/20141003-why-are-spaniards-fleeing-home

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On October 3, 2014   /   Brazil Economy, Chile Economy, Europe Economy, IMF, Latin America, Panama, Peru Economy, Spain Economy