page_title: World Youth Day 2011
section_title: Economics
hierarchical_section_title: World Youth Day 2011 / Economics
caption_attribution_description: English: Mass in front of Madrid's townshall during the World Youth Day 2011 (Madrid, Spain). Français&#160;: Messe devant la mairie de Madrid pendant les Journées Mondiales de la Jeunesse 2011 (Madrid, Espagne).
context_page_description: World Youth Day 2011 was the 2011 occurrence of World Youth Day, a Catholic event held from 16–21 August 2011 in Madrid, Spain focused on youth. Media estimated the event's attendance as over a million or 1.5 million.
  Pope Benedict XVI revealed the location of the event at the final Mass in Australia at Sydney's Royal Randwick Racecourse during World Youth Day 2008.
  It was the second time that Spain hosted the event. World Youth Day 1989 was held from 15–20 August 1989 at Santiago de Compostela.
  Spanish bishops, including Madrid's Metropolitan Archbishop, Cardinal Antonio Maria Rouco Varela, and the coordinator of the World Youth Day 2011, Madrid Auxiliary Bishop César Franco Martínez, urged Pope Benedict XVI to name patrons for the event. Saint Rafael Arnáiz Barón, Saint Francis Xavier, Saint Isidore the Laborer, Saint Maria Torribia, Saint Teresa of Avila, Saint Ignatius of Loyola, Saint John of Avila, Saint Rose of Lima, Saint John of the Cross, and Pope John Paul II were all designated as co-patrons of World Youth Day 2011.
  This was Pope Benedict XVI's last World Youth day.
context_section_description: The event is self-financed by contributions from pilgrims (70%) along with companies and individuals (30%).     The state's estimated cost for security and infrastructure is  €50 million, while officials estimated that the event would generate as much as €150 million in tourist revenue. Three months after the World Youth Day, the accountancy firm PriceWaterhouseCoopers released a report estimating that the economic impact of this event was about 354 million Euros in Spain.
caption: Mass in front of Madrid's townshall during the World Youth Day
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