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    Benchmarking Canary Islands vs. Major Competitors: General Data

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    AndreeaAndrei
    The document compares key metrics for the Canary Islands and major competitor locations including Madrid, Casablanca, Accra, and Dakar. It summarizes data on population, GDP, taxes, education, infrastructure, security, labor costs, and currency exchange rates. The Canary Islands has a higher GDP per capita than competitors but a lower minimum wage. It has multiple international airports and ports and has lower homicide rates than competitors except Madrid.

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    Benchmarking Canary Islands vs. Major Competitors: General Data

    Uploaded by

    AndreeaAndrei
    19 views4 pages
    The document compares key metrics for the Canary Islands and major competitor locations including Madrid, Casablanca, Accra, and Dakar. It summarizes data on population, GDP, taxes, education, infrastructure, security, labor costs, and currency exchange rates. The Canary Islands has a higher GDP per capita than competitors but a lower minimum wage. It has multiple international airports and ports and has lower homicide rates than competitors except Madrid.

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    The document compares key metrics for the Canary Islands and major competitor locations including Madrid, Casablanca, Accra, and Dakar. It summarizes data on population, GDP, taxes, education, infrastructure, security, labor costs, and currency exchange rates. The Canary Islands has a higher GDP per capita than competitors but a lower minimum wage. It has multiple international airports and ports and has lower homicide rates than competitors except Madrid.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    19 views4 pages

    Benchmarking Canary Islands vs. Major Competitors: General Data

    Uploaded by

    AndreeaAndrei
    The document compares key metrics for the Canary Islands and major competitor locations including Madrid, Casablanca, Accra, and Dakar. It summarizes data on population, GDP, taxes, education, infrastructure, security, labor costs, and currency exchange rates. The Canary Islands has a higher GDP per capita than competitors but a lower minimum wage. It has multiple international airports and ports and has lower homicide rates than competitors except Madrid.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    Benchmarking Canary Islands vs.

    Major competitors
    GENERAL DATA

    CANARY ISLANDS MADRID CASABLANCA ACCRA DAKAR

    POPULATION 2,126,769 3,265,038 6,434,422 2,291,352 1,030,594

    TOTAL SURFACE AREA 7,447 km² 606 km² 323 Km² 185 Km² 173 Km²

    AVERAGE ANNUAL TEMPERATURE 15º C - 24º C 8º C - 22º C 14ºC - 21º C 23ºC - 29ºC 21ºC - 28ºC

    OFFICIAL LANGUAGE Spanish Spanish Arabic, French English French

    RELIGIONS Catholic 94% Catholic 94% Muslim 99% Christian 68.8% Muslim 94%
    other 6% other 6% Christian 1% Muslim 15.9% Christian 5%
    other 15.3% Indigenous beliefs 1%

    LOCAL TIME GMT GMT +1 GMT GMT GMT

    CURRENCY Euro Euro Moroccan Dirham Ghana cedi CFA franc

    GDP (country) 54,888,520 USD 249,625,975 USD (140 billion USD) (64.6 billion USD) (19.6 billion USD)
    (1,438.4 billion USD) (1,438.4 billion USD)

    GDP PER CAPITA 26,048 USD 39,100 USD (4,099.7 USD) (2,285.6 USD) (1,261.4 USD)
    (country) (30,417.7 USD) (30,417.7 USD)

    RETAIL PRICE INDEX 2% 0.9% (2.6%) (7.5%) (2.1%)


    (country) (1.4%) (1.4%)

    1
    Benchmarking Canary Islands vs. Major competitors
    PAYING TAXES

    CANARY ISLANDS (ZEC) MADRID CASABLANCA ACCRA DAKAR

    CORPORATE INCOME TAX 4% 30% 30% 25% 25%

    VAT 7% 21% 20% 15% 18%

    LABOR TAX AND CONTRIBUTIONS 36.8% 36.8% 22.7% 14.7% 24.1%

    EXPATRIATE INCOME TAX 24.75% 24.75%


    (non resident)

    EDUCATION & HEALTH

    CANARY ISLANDS MADRID CASABLANCA ACCRA DAKAR

    PUBLIC UNIVERSITIES 2 6 1 1 1

    HOSPITALS 29 58 16 28 7

    RESEARCH CENTERS 13 57

    AMERICAN AND BRITISH SCHOOLS 17 16 2 4 1

    LITERACY (age 15 and over can read and write) 97.7% 97.7% 56.1% 67.3% 39.3%

    2
    Benchmarking Canary Islands vs. Major competitors

    COMMUNICATIONS FACILITIES

    CANARY ISLANDS MADRID CASABLANCA ACCRA DAKAR

    INTERNATIONAL AIRPORTS 6 1 2 1 1

    COMMERCIAL PORTS 10 None 1 1 1

    ROAD NETWORK 4,261 km 3,353 km 775 km

    PHYSICAL SECURITY, TRANSPARENCY & JUDICIAL SECURITY

    CANARY ISLANDS MADRID CASABLANCA ACCRA DAKAR

    HOMICIDE RATE PER 100,000 PEOPLE 0.37 1.00 1.40 1.30 1.10

    3
    Benchmarking Canary Islands vs. Major competitors
    LABOR PROTECTION & ESTABLISHMENT COST

    CANARY ISLANDS MADRID CASABLANCA ACCRA DAKAR

    WORKING WEEK 40 hour week 40 hour week 44 hour week 40 hour week 40 hour week

    MINIMUM WAGE (monthly) 843 USD 843 USD 221 USD 71 USD 110 USD

    AVERAGE (Graduate/Undergraduate) GROSS ANNUAL SALARY 25,850 USD 34,232 USD 3,638 USD 4,058 USD 2,236 USD

    OFFICE AVERAGE RENT COST (m²/monthly) 66 USD 30 USD 38 USD 26 USD

    WAREHOUSE AVERAGE RENT COST (m²/monthly) 18 USD 21 USD 0.85 USD


    EXCHANGE RATE (December 2012)
    1 USD - 0.755 EUR
    1 USD - 8.431 MAD
    1 USD - 1.894 GHS
    1 USD - 495.2 XOF
    Main sources:
    Doing Business in the Canaries
    ICEX
    DOING BUSINESS - THE WORLD BANK
    CIA - THE WORLD FACTBOOK
    US EMBASSY
    PromoMadrid
    International Monetary Fund (FMI)

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