Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain Struggles With 'Brain-Drain Exodus'

Tue 2th Sep 2014
Spain Struggles With 'Brain-Drain Exodus'

A report by Eurostat - the official statistics agency for the EU - has depicted a poor outlook for industrial and economic productivity for Spain for the next generation.

The report examined the education, lifestyle and working practices of a number of the citizens of a number of countries across Europe, and have found that between the years 2003 and 2014 just 6,558 university leavers applied for professional positions in teaching, nursing, and law in Spain.

Of this number, just 5,508 (84%) were successful in their application.

However, what is perhaps more alarming for generations to come is that almost 3 times that number applied to have their Spanish University degrees validated to enable them to be recognized before seeking working in other EU countries, suggesting a shortage of young professionals entering the workforce in future years, if the trend goes unchecked.

The figures recorded to Spain fall behind that of only Poland, Romania and Greece, with the UK being the most popular choice for all applicants (55%), followed by Italy (10%) and Germany (10%), and that Teaching, Nursing and Law led the brain-drain exodus.

Spain has seen unemployment levels overall fall to 27% in recent years, with unemployment in the 18 - 25 age group reaching as high as 45%.

Despite leaving the second recession in 5 years, 1 in 10 of all Spanish households still have more than one unemployed person.

Recommended Reading :

* Spain seeks to attract more foreign students

* Changes to Spain's education system approved