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Belgium vs Spain: Economic Indicators Comparison

Spain with a GDP of $1.4T ranked the 14th largest economy in the world, while Belgium ranked 24th with $542.8B. By GDP 5-years average growth and GDP per capita, Spain and Belgium ranked 104th vs 146th and 34th vs 20th, respectively.

Gross Domestic Product & Income

StatBelgiumSpain
GDP$542.8B$1.4T
GDP growth, 1 year1.4%2.5%
GDP growth, 5-years average1.5%2.7%
Population11.2M46.5M
GDP per capita$48k$30k
GDP per capita growth1.04%2.07%
Purchasing Power Parity conversion factor0.780.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.920.76
GDP per capita, PPP adjusted$48k$40k
GNI, Atlas method$524.4B$1.4T
GNI per capita$46k$29k
GNI, PPP adjusted$591B$1.9T
GNI per capita, PPP adjusted$52k$40k

Financial system and Human development

StatBelgiumSpain
Income Tax Rate50%45%
Corporate Tax Rate29%25%
Inflation, consumer prices2.3%1.7%
Inflation, GDP deflator1.5%1.1%
Unemployment6.3%15.5%
Economic Freedom Index68.966.9
Personal Freedom Index9.068.95
Human Freedom Index8.288.22
Property Rights Index84.574.9
Judical Effectiveness Index62.551.8
Business Freedom Index75.266.8
Fiscal Health Index7762.6
Labor Freedom Index61.157.7
Investment Freedom Index8585
Financial Freedom Index7070
Trade Freedom Index86.486.4
Monetary Freedom Index80.582
Government Spending Index17.248.3
Tax Burden Index46.762.1
Government Integrity Index80.255.1
Corruption Perceptions Index7558
Life expectancy at birth, years81.483.3
Suicide mortality rate, per 100,000 people20.78.7
Mortality caused by road traffic injury, per 100,000 people5.84.1
Intentional homicides, per 100,000 people1.70.7
International tourism, number of arrivals9.1M82.8M

Government debt & reserves

StatBelgiumSpain
Central government debt, % of GDP101.4%97%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI12%9.1%
Gross savings, % of GDP24.5%22.3%
Gross capital formation, % of GDP25.5%20.4%
Total reserves including gold$26.9B$70.6B
Foreign direct investment net inflows-$62.8B$49.1B

Exports, imports and economic structure

StatBelgiumSpain
Exports of goods and services, % of GDP82.6%35.1%
Imports of goods and services, % of GDP82.7%32.4%
Current account balance (balance of payments)-$5.3B$27.3B
Revenue excluding grants, % of GDP38.4%15.7%
Grants excluding technical cooperation, BoPN/AN/A
Personal remittances received$12.3B$3.4B
Industry including construction value added, % of GDP19.1%20%
Agriculture, forestry and fishing value added, % of GDP0.5%2.8%
Charges for the use of intellectual property, payments BoP$3.7B$6.6B
Charges for the use of intellectual property, receipts BoP$4.4B$2.5B
Expense, % of GDP39.6%18.8%
Government Expenditure, % of GDP52.5%41.5%

Compare with countries close by GDP per capita

Belgium vs

CountryGDP
per capita
Population
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
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

Spain vs

CountryGDP
per capita
Population
Germany
$48k
83M
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
Barbados
$18k
285k