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Economy of Antigua and Barbuda vs Spain compared: GDP & Debt

Updated on by Georank

Antigua and Barbuda has a GDP of $2.34B compared to $1.91T for Spain, ranking 178/197 and 12/197 by economy size, respectively.

Antigua and Barbuda has $1.63B in government debt (69.7% of GDP), compared to $1.91T (100.4% of GDP) in Spain.

Antigua and Barbuda vs Spain GDP by year

Antigua and Barbuda
Spain
1x
Year GDP, current $
Antigua Spain
2025 $2,338,196,296 $1,906,453,309,986
2024 $2,162,366,667 $1,725,671,652,742
2023 $2,054,096,296 $1,619,481,980,720
2022 $1,857,114,815 $1,448,850,658,407
2021 $1,602,125,926 $1,461,244,901,853
2020 $1,411,637,037 $1,289,783,836,971
2019 $1,726,448,148 $1,403,496,387,686
2018 $1,661,529,630 $1,431,642,809,327
2017 $1,534,855,556 $1,321,754,088,819
2016 $1,489,603,704 $1,243,015,667,917
2015 $1,437,485,185 $1,206,164,777,553
2014 $1,378,707,407 $1,380,244,561,362
2013 $1,325,496,296 $1,362,186,923,158
2012 $1,364,729,630 $1,330,994,811,670
2011 $1,287,359,259 $1,487,568,659,241
2010 $1,298,348,148 $1,427,989,078,917
2009 $1,386,518,519 $1,496,587,590,848
2008 $1,557,640,741 $1,636,115,447,613
2007 $1,487,381,481 $1,476,746,276,855
2006 $1,303,674,074 $1,261,846,683,275
2005 $1,143,896,296 $1,154,667,551,776
2004 $1,026,329,630 $1,069,829,382,515
2003 $948,100,000 $907,963,217,058
2002 $898,092,593 $708,938,227,244
2001 $877,774,074 $627,798,682,379
2000 $901,003,704 $598,102,854,756
1999 $835,544,444 $634,394,904,387
1998 $789,788,889 $618,731,484,575
1997 $734,422,222 $589,739,772,727
1996 $679,140,741 $642,251,412,058
1995 $616,051,852 $614,170,002,669
1994 $625,081,481 $530,183,651,720
1993 $565,662,963 $524,700,572,624
1992 $525,133,333 $630,465,353,486
1991 $504,337,037 $576,753,902,322
1990 $478,718,519 $536,175,326,477
1989 $455,174,074 $414,460,794,097
1988 $411,396,296 $375,891,716,898
1987 $346,866,667 $318,520,253,335
1986 $297,562,963 $251,141,555,186
1985 $246,370,370 $180,664,322,896
1984 $212,214,815 $171,979,977,230
1983 $184,866,667 $170,829,074,246
1982 $166,444,444 $195,856,752,991
1981 $149,388,889 $202,663,023,968
1980 $132,451,852 $232,600,556,974
1979 $109,596,296 $214,448,666,336
1978 $88,040,741 $160,484,969,618
1977 $77,507,407 $132,354,665,936
1976 - $118,422,534,195
1975 - $114,695,060,870
1974 - $97,204,522,642
1973 - $78,583,355,226
1972 - $59,090,176,029
1971 - $46,586,119,760
1970 - $40,963,715,237
1969 - $37,090,689,288
1968 - $32,394,326,464
1967 - $32,570,905,397
1966 - $29,559,436,183
1965 - $25,479,619,607
1964 - $21,966,876,027
1963 - $19,631,714,760
1962 - $16,609,632,791
1961 - $14,238,126,760
1960 - $12,424,514,014

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/spain | CC BY

GDP per capita in Antigua and Barbuda vs Spain by year

Antigua and Barbuda
GDP per capita

GDP per capita, PPP
Spain
GDP per capita

GDP per capita, PPP
1x
Year Current $
Antigua Spain
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $24,819 - $38,627 -
2024 $23,060 $33,386 $35,327 $57,965
2023 $22,012 $31,602 $33,493 $55,682
2022 $20,003 $29,934 $30,319 $51,399
2021 $17,349 $25,745 $30,799 $44,252
2020 $15,370 $22,370 $27,234 $39,328
2019 $18,896 $26,551 $29,787 $44,043
2018 $18,273 $24,524 $30,602 $41,015
2017 $16,966 $21,422 $28,381 $39,825
2016 $16,557 $21,320 $26,756 $37,613
2015 $16,078 $20,985 $25,982 $35,229
2014 $15,532 $21,671 $29,708 $33,761
2013 $15,052 $21,761 $29,229 $32,614
2012 $15,640 $23,012 $28,456 $31,870
2011 $14,912 $23,804 $31,825 $32,016
2010 $15,217 $24,071 $30,659 $31,805
2009 $16,472 $26,157 $32,280 $32,218
2008 $18,787 $29,978 $35,603 $33,350
2007 $18,205 $29,851 $32,652 $32,536
2006 $16,174 $26,949 $28,422 $30,749
2005 $14,369 $23,485 $26,451 $27,630
2004 $13,038 $21,629 $24,925 $26,160
2003 $12,173 $20,127 $21,522 $25,057
2002 $11,659 $18,813 $17,111 $24,378
2001 $11,539 $18,569 $15,368 $22,952
2000 $12,027 $19,319 $14,743 $21,582
1999 $11,342 $18,088 $15,708 $19,938
1998 $10,907 $17,496 $15,382 $19,083
1997 $10,336 $16,836 $14,722 $17,903
1996 $9,756 $16,017 $16,101 $16,971
1995 $9,034 $15,062 $15,461 $16,276
1994 $9,351 $15,736 $13,406 $15,582
1993 $8,625 $14,720 $13,330 $14,973
1992 $8,154 $13,908 $16,101 $14,855
1991 $7,956 $13,658 $14,801 $14,461
1990 $7,591 $12,996 $13,795 $13,676
1989 $7,188 - $10,674 -
1988 $6,466 - $9,696 -
1987 $5,424 - $8,234 -
1986 $4,629 - $6,509 -
1985 $3,814 - $4,696 -
1984 $3,271 - $4,487 -
1983 $2,847 - $4,475 -
1982 $2,569 - $5,156 -
1981 $2,310 - $5,367 -
1980 $2,053 - $6,204 -
1979 $1,705 - $5,766 -
1978 $1,375 - $4,353 -
1977 $1,214 - $3,625 -
1976 - - $3,277 -
1975 - - $3,208 -
1974 - - $2,748 -
1973 - - $2,246 -
1972 - - $1,708 -
1971 - - $1,361 -
1970 - - $1,211 -
1969 - - $1,109 -
1968 - - $978 -
1967 - - $997 -
1966 - - $916 -
1965 - - $797 -
1964 - - $695 -
1963 - - $627 -
1962 - - $535 -
1961 - - $463 -
1960 - - $408 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/spain | CC BY

Antigua and Barbuda's GDP per capita is $24,819, ranking 55/197, compared to $38,627 in Spain, ranking 31/197. Adjusted for purchasing power (GDP per capita PPP), Antigua and Barbuda ranks 66th at $33,386, while Spain ranks 34th at $57,965.

Economic indicators

Antigua Spain
Gross domestic product
$2.34B
2025
$1.91T
2025
GDP rank
178/197
2025
12/197
2025
GDP growth
5%
2024-2025
2.82%
2024-2025
GDP per capita
$24,819
2025
$38,627
2025
GDP per capita rank
55/197
2025
31/197
2025
GDP per capita, PPP
$33,386
2024
$57,965
2024
GDP per capita PPP rank
66/197
2024
34/197
2024
Government debt
$1.63B
2025
$1.91T
2025
Debt-to-GDP ratio
69.7%
2025
100.4%
2025
Government debt per person
$17,310
2025
$38,794
2025
Government debt per person rank
38/185
2025
20/185
2025
Average annual personal income after taxes
$16,750
2026
$24,910
2026
Market capitalization of domestic companies n/a
$1.3T
2025
Number of millionaires n/a
1,077,000
2026
Number of billionaires n/a
34
2026
Income share by richest 10% n/a
24.5%
2023
Income share by poorest 10% n/a
2.2%
2023
Government expenditure, % of GDP
19.3%
2025
44.7%
2025
Consumer prices inflation
1.4%
2024-2025
2.7%
2024-2025
Unemployment rate
5.37%
2023
10.5%
2025
Population
94846
49323658

Spending and national debt comparison by year

Antigua and Barbuda
Spending

Debt
Spain
Spending

Debt
1x
Year % of GDP
Antigua Spain
Government spending Government debt Government spending Government debt
2025 19.3% 69.7% 44.7% 100.4%
2024 20.2% 71.8% 45.5% 101.6%
2023 18.4% 74.5% 45.4% 105.1%
2022 20.8% 82.4% 46.3% 109.2%
2021 23.4% 93% 49.5% 115.6%
2020 26% 100.5% 51.4% 119.2%
2019 22.1% 81.6% 42% 97.6%
2018 21.5% 84.3% 41.5% 99.7%
2017 22.6% 88.2% 41% 101.1%
2016 23.8% 83.1% 42.1% 102%
2015 24.8% 92.1% 43.7% 102.4%
2014 20.9% 91.9% 45.1% 104.4%
2013 20.7% 85.4% 46.2% 100%
2012 18.5% 76.9% 49.2% 89.6%
2011 21.1% 81.1% 45.9% 69.5%
2010 20% 79.4% 45.8% 60.3%
2009 32.1% 89.2% 46.1% 53.1%
2008 23.2% 66.8% 41.3% 39.6%
2007 23.8% 68.7% 39.2% 35.7%
2006 26% 79.1% 38.4% 39%
2005 21.5% 82.8% 38.4% 42.4%
2004 21.9% 107.7% 38.8% 45.3%
2003 24.2% 113% 38.4% 47.7%
2002 26.3% 114.5% 38.6% 51.2%
2001 24.2% 107.6% 38.4% 54.1%
2000 21.1% 96.4% 39.1% 57.8%
1999 20.3% 95.9% 40% 60.9%
1998 20.7% 94.6% 41% 62.4%
1997 16.8% 80.6% 41.5% 64.3%
1996 19.6% 85.5% 42.9% 65.4%
1995 21% 92.1% 44.1% 61.6%
1994 21.2% 84.5% 44.8% 57%
1993 19.4% 85.3% 46.3% 54.6%
1992 18.7% 90.8% 43.9% 44.1%
1991 20.8% 94.6% 42.6% 41.9%
1990 18.1% 94.1% 41.1% 41.3%
1989 - - 32.1% 39.2%
1988 - - 28.6% 38.2%
1987 - - 31.1% 42.1%
1986 - - 28.4% 36.5%
1985 - - 27.6% 31.5%
1984 - - 27% 18.3%
1983 - - 26% 13.4%
1982 - - 21.5% 12%
1981 - - 18.1% 10.9%
1980 - - 16.3% 10.2%
1979 - - 14.3% 9.88%
1978 - - 14.3% 9.93%
1977 - - 12.8% 8.75%
1976 - - 11.5% 8.21%
1975 - - 11.4% 11.9%
1974 - - 11.4% 13.6%
1973 - - 9.88% 16.3%
1972 - - 12.5% 17.6%
1971 - - 14% 17.9%
1970 - - 12.3% 19.2%
1969 - - 12.3% 18.8%
1968 - - 12.8% 18.3%
1967 - - 12.5% 17.6%
1966 - - 11.8% 17.7%
1965 - - 14% 18.1%
1964 - - 12.7% 19.5%
1963 - - 12.4% 21%
1962 - - 10.6% 24.4%
1961 - - 9.97% 26.7%
1960 - - 11% 29.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/spain | CC BY

In 2025, Antigua and Barbuda's government spending was $450M, accounting for 19.3% of its GDP, while Spain spent $852B, or 44.7% of GDP.

Debt-to-GDP ratio is 69.7% in Antigua and Barbuda and 100.4% in Spain, ranking 58/185 and 25/185, respectively.

Government deficit by year

Deficit/surplus
Antigua and Barbuda

Spain
1x
Year Deficit/surplus, % of GDP
Antigua Spain
2025 3.14% -2.5%
2024 1.65% -3.22%
2023 -1.66% -3.34%
2022 -2.86% -4.59%
2021 -4.52% -6.66%
2020 -6.23% -10%
2019 -3.64% -3.04%
2018 -2.43% -2.58%
2017 -2.72% -3.1%
2016 -0.14% -4.26%
2015 -2.42% -5.26%
2014 -2.6% -6.07%
2013 -3.83% -7.49%
2012 -0.97% -11.5%
2011 -3.09% -9.69%
2010 -0.24% -9.49%
2009 -15.8% -11.2%
2008 -4.72% -4.56%
2007 -4.98% 1.88%
2006 -6.62% 2.12%
2005 -4.29% 1.23%
2004 -3.9% -0.1%
2003 -7.32% -0.37%
2002 -8.83% -0.32%
2001 -8.58% -0.45%
2000 -4.5% -1.16%
1999 -3.08% -1.24%
1998 -1.62% -2.63%
1997 0% -3.86%
1996 -1.61% -5.87%
1995 -3.89% -6.79%
1994 -4.33% -6.31%
1993 -2.45% -6.89%
1992 -0.81% -4.26%
1991 -3.91% -4.58%
1990 0.12% -3.9%
1989 - -3.24%
1988 - -2.95%
1987 - -3.52%
1986 - -5.18%
1985 - -6.04%
1984 - -5.25%
1983 - -4.77%
1982 - -5.76%
1981 - -2.88%
1980 - -2.55%
1979 - -1.51%
1978 - -1.63%
1977 - -0.24%
1976 - 0.43%
1975 - 0.26%
1974 - 0.11%
1973 - 1.09%
1972 - 0.24%
1971 - -0.96%
1970 - 0.09%
1969 - -0.06%
1968 - -0.55%
1967 - -0.32%
1966 - 0.07%
1965 - -0.04%
1964 - 0.18%
1963 - -0.54%
1962 - 1.27%
1961 - 1.9%
1960 - 0.69%
1959 - 0.54%
1958 - 0.23%
1957 - 1.13%
1956 - -0.05%
1955 - 0.6%
1954 - 0.7%
1953 - 1.02%
1952 - 0.81%
1951 - -0.24%
1950 - -0.44%
1949 - -0.35%
1948 - -1.21%
1947 - -1.09%
1946 - -2.24%
1945 - -4.56%
1944 - -5.44%
1943 - -7.73%
1942 - -2.48%
1941 - -4.34%
1940 - -3.54%
1939 - -
1938 - -
1937 - -
1936 - -
1935 - -0.49%
1934 - -1.17%
1933 - -0.72%
1932 - -0.3%
1931 - 0.1%
1930 - 0.3%
1929 - -0.07%
1928 - -0.31%
1927 - -0.54%
1926 - -0.65%
1925 - -1.19%
1924 - -1.76%
1923 - -1.89%
1922 - -2.26%
1921 - -3.33%
1920 - -2.4%
1919 - -1.82%
1918 - -1.8%
1917 - -1.49%
1916 - -1.15%
1915 - -2.97%
1914 - -1.04%
1913 - -0.09%
1912 - -0.33%
1911 - 0.19%
1910 - 0.09%
1909 - -0.29%
1908 - 0.59%
1907 - 0.66%
1906 - 0.91%
1905 - 0.71%
1904 - 0.52%
1903 - 0.28%
1902 - 0.74%
1901 - 0.69%
1900 - 1.04%
1899 - 2.75%
1898 - 0.13%
1897 - -0.64%
1896 - 0.46%
1895 - 0.83%
1894 - -0.08%
1893 - 0.87%
1892 - -0.67%
1891 - -0.41%
1890 - -0.4%
1889 - -0.38%
1888 - -0.97%
1887 - -0.73%
1886 - -0.08%
1885 - -0.78%
1884 - -0.23%
1883 - -0.38%
1882 - 0.38%
1881 - 0.08%
1880 - -0.02%
1879 - -0.52%
1878 - -0.08%
1877 - 0.11%
1876 - 0.1%
1875 - -1.42%
1874 - -0.1%
1873 - 2.22%
1872 - -2.27%
1871 - -2.64%
1870 - -3.42%
1869 - -2.64%
1868 - -1.46%
1867 - -0.79%
1866 - -0.83%
1865 - -1.84%
1864 - -2.48%
1863 - -1.55%
1862 - -1.76%
1861 - -1.77%
1860 - -0.94%
1859 - 0.39%
1858 - -0.44%
1857 - -0.41%
1856 - -0.46%
1855 - -0.76%
1854 - -0.32%
1853 - -0.02%
1852 - -0.11%
1851 - -0.25%
1850 - 0.31%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1850–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/spain | CC BY

In 2025, Antigua and Barbuda's government surplus, the difference between spending and revenue, was $73.4M, equivalent to 3.14% of GDP. This compares to Spain's deficit of $47.6B, or 2.5% of GDP.

Over the past 36 years, Antigua and Barbuda recorded a fiscal deficit in 32 of those years, while Spain ran a deficit in 33 years. On average, Antigua and Barbuda posted an annual deficit equal to 3.44% of GDP, compared to deficit of 4.23% of GDP for Spain.

Inflation comparison by year

Inflation
Antigua and Barbuda

Spain
1x
Year Consumer prices inflation
Antigua Spain
2025 1.4% 2.7%
2024 6.2% 2.75%
2023 5.1% 3.53%
2022 7.5% 8.39%
2021 1.6% 3.09%
2020 1.1% -0.32%
2019 1.4% 0.7%
2018 1.2% 1.67%
2017 2.4% 1.96%
2016 -0.5% -0.2%
2015 1% -0.5%
2014 1.1% -0.15%
2013 1.1% 1.41%
2012 3.4% 2.45%
2011 3.5% 3.2%
2010 3.4% 1.8%
2009 -0.6% -0.29%
2008 5.3% 4.08%
2007 1.4% 2.79%
2006 1.8% 3.52%
2005 2.1% 3.37%
2004 2% 3.04%
2003 2% 3.04%
2002 2.4% 3.07%
2001 1.9% 3.59%
2000 -0.2% 3.43%
1999 1.1% 2.31%
1998 3.3% 1.83%
1997 0.4% 1.97%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/spain | CC BY

Over the past 29 years, Antigua and Barbuda has recorded an average annual inflation rate of 2.2%, compared with 2.35% in Spain. In 2025, inflation was 1.4% in Antigua and Barbuda and 2.7% in Spain.

Top exports between countries

Antigua
Export category Export value
Textiles & consumer goods $650K
Machinery & equipment $190K
Metals $51K
Chemicals & pharma $12K
Raw materials & minerals $11K
Wood & paper products $4K
Miscellaneous $2K
Precious metals & jewellery $1K
Spain
Export category Export value
Textiles & consumer goods $2.64M
Machinery & equipment $1.77M
Processed food, beverages & tobacco $1.53M
Miscellaneous $1.47M
Chemicals & pharma $318K
Metals $197K
Raw materials & minerals $90K
Animal & marine products $65K
Wood & paper products $25K
Precious metals & jewellery $16K

Balance of trade

Antigua Spain
Current account balance
-$281M
2025
$56B
2025
Current account balance ranking
95/190
2025
12/190
2025
Current account balance, % of GDP
-12%
2025
+2.94%
2025
Goods imports
$793M
2025
$499B
2025
Goods exports
$96M
2025
$443B
2025
Service imports
$614M
2025
$127B
2025
Service exports
$1.21B
2025
$256B
2025
Imports of goods and services, % of GDP
63.3%
2022
32.8%
2025
Exports of goods and services, % of GDP
55%
2022
36.6%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Antigua Spain
Economic freedom 56 66.8
Economic freedom ranking 125/197 59/197
Property rights n/a 88
Government integrity n/a 64.2
Judicial effectiveness n/a 74.3
Tax burden n/a 58.2
Government spending n/a 37.3
Fiscal health n/a 57.3
Business freedom n/a 82.6
Labor freedom n/a 61.7
Monetary freedom n/a 78.2
Trade freedom n/a 79.4
Investment freedom n/a 60
Financial freedom n/a 60

Other economic metrics

Antigua Spain
Services, % of GDP
68.7%
2025
68.4%
2025
Industry, % of GDP
18.2%
2025
19.6%
2025
Agriculture, forestry, and fishing, % of GDP
1.49%
2025
2.68%
2025
GNI, Atlas method
$2.24B
2025
$1.83T
2025
GNI per capita, PPP
$34,670
2025
$59,830
2025
Total reserves including gold
$379M
2025
$129B
2025
Total reserves ranking
165/177
2025
23/177
2025
Net foreign direct investment
-$291M
2025
$18.3B
2025
Net inflows of foreign direct investment
$246M
2024
$42.8B
2024
Net outflows of foreign direct investment
-$68.4K
2024
$71.5B
2024
Poverty at national poverty lines n/a
20.2%
2022
Gross capital formation, % of GDP n/a
21.4%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/spain | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1850–1989, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2023–2025, retrieved 2026-07-08)
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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.