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Armenia vs Spain: Economic Indicators Comparison

Spain with a GDP of $1.4T ranked the 14th largest economy in the world, while Armenia ranked 136th with $12.4B. By GDP 5-years average growth and GDP per capita, Spain and Armenia ranked 104th vs 56th and 34th vs 115th, respectively.

Gross Domestic Product & Income

StatArmeniaSpain
GDP$12.4B$1.4T
GDP growth, 1 year5%2.5%
GDP growth, 5-years average3.9%2.7%
Population2.9M46.5M
GDP per capita$4.2k$30k
GDP per capita growth4.95%2.07%
Purchasing Power Parity conversion factor196.690.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.410.76
GDP per capita, PPP adjusted$10k$40k
GNI, Atlas method$12.5B$1.4T
GNI per capita$4.2k$29k
GNI, PPP adjusted$30.9B$1.9T
GNI per capita, PPP adjusted$10k$40k

Financial system and Human development

StatArmeniaSpain
Income Tax Rate26%45%
Corporate Tax Rate20%25%
Inflation, consumer prices2.5%1.7%
Inflation, GDP deflator2.6%1.1%
Unemployment17.7%15.5%
Economic Freedom Index70.666.9
Personal Freedom Index7.218.95
Human Freedom Index7.428.22
Property Rights Index60.774.9
Judical Effectiveness Index54.151.8
Business Freedom Index8166.8
Fiscal Health Index68.862.6
Labor Freedom Index72.557.7
Investment Freedom Index7585
Financial Freedom Index7070
Trade Freedom Index80.686.4
Monetary Freedom Index7682
Government Spending Index80.648.3
Tax Burden Index84.962.1
Government Integrity Index43.455.1
Corruption Perceptions Index3558
Life expectancy at birth, years74.883.3
Suicide mortality rate, per 100,000 people6.68.7
Mortality caused by road traffic injury, per 100,000 people17.14.1
Intentional homicides, per 100,000 people2.40.7
International tourism, number of arrivals1.7M82.8M

Government debt & reserves

StatArmeniaSpain
Central government debt, % of GDP48.5%97%
External debt stocks, % of GNI87.5%N/A
External debt stocks$11BN/A
Short-term debt, % of total reserves50.2%N/A
Total debt service, % of exports and primary income29.9%N/A
Adjusted net savings including particulate emission damage, % of GNI1.5%9.1%
Gross savings, % of GDP13.6%22.3%
Gross capital formation, % of GDP22.4%20.4%
Total reserves including gold$2.3B$70.6B
Foreign direct investment net inflows$254.1M$49.1B

Exports, imports and economic structure

StatArmeniaSpain
Exports of goods and services, % of GDP37.8%35.1%
Imports of goods and services, % of GDP53.5%32.4%
Current account balance (balance of payments)-$1.2B$27.3B
Revenue excluding grants, % of GDP22.5%15.7%
Grants excluding technical cooperation, BoP$111.9MN/A
Personal remittances received$1.5B$3.4B
Industry including construction value added, % of GDP25%20%
Agriculture, forestry and fishing value added, % of GDP13.7%2.8%
Charges for the use of intellectual property, payments BoPN/A$6.6B
Charges for the use of intellectual property, receipts BoPN/A$2.5B
Expense, % of GDP22.1%18.8%
Government Expenditure, % of GDP25.4%41.5%

Compare with countries close by GDP per capita

Armenia vs

CountryGDP
per capita
Population
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
15.5M
Tonga
$4.4k
105k
Jordan
$4.2k
10.4M
Samoa
$4.2k
190k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.34M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
52.6k
Tuvalu
$3.7k
9.88k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
754k
Morocco
$3.2k
36M

Spain vs

CountryGDP
per capita
Population
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k
South Korea
$31k
51.1M
Malta
$30k
423k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.33M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.6M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.44M
Saint Kitts and Nevis
$19k
54.2k
Lithuania
$19k
2.79M