Grenada vs Spain: Economic Indicators Comparison

Spain with a GDP of $1.4T ranked the 14th largest economy in the world, while Grenada ranked 183rd with $1.2B. By GDP per capita, Spain and Grenada ranked 34th vs 70th, respectively.

Gross Domestic Product & Income

StatGrenadaSpain
GDP$1.2B$1.4T
GDP growth, 1 year4.18%2.5%
GDP growth, 5-years averageN/A2.7%
Population108k46.7M
GDP per capita$11k$30k
GDP per capita growth3.64%2.07%
Purchasing Power Parity conversion factor1.850.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.680.76
GDP per capita, PPP adjusted$16k$40k
GNI, Atlas method$1.1B$1.4T
GNI per capita$9.7k$29k
GNI, PPP adjusted$1.6B$1.9T
GNI per capita, PPP adjusted$14k$40k

Financial system and Human development

StatGrenadaSpain
Income Tax RateN/A45%
Corporate Tax RateN/A25%
Inflation, consumer prices0.8%1.7%
Inflation, GDP deflator1%1.1%
Unemployment22.9%15.5%
Economic Freedom Index6366.9
Personal Freedom Index68.95
Human Freedom Index68.22
Property Rights IndexN/A74.9
Judical Effectiveness IndexN/A51.8
Business Freedom IndexN/A66.8
Fiscal Health IndexN/A62.6
Labor Freedom IndexN/A57.7
Investment Freedom IndexN/A85
Financial Freedom IndexN/A70
Trade Freedom IndexN/A86.4
Monetary Freedom IndexN/A82
Government Spending IndexN/A48.3
Tax Burden IndexN/A62.1
Government Integrity IndexN/A55.1
Corruption Perceptions Index5258
Life expectancy at birth, years72.483.3
Suicide mortality rate, per 100,000 people1.78.7
Mortality caused by road traffic injury, per 100,000 people9.34.1
Intentional homicides, per 100,000 people11.10.7
International tourism, number of arrivals185k82.8M

Government debt & reserves

StatGrenadaSpain
Central government debt, % of GDPN/A97%
External debt stocks, % of GNI58.8%N/A
External debt stocks$644.9MN/A
Short-term debt, % of total reserves50.4%N/A
Total debt service, % of exports and primary income8.4%N/A
Adjusted net savings including particulate emission damage, % of GNIN/A9.1%
Gross savings, % of GDPN/A22.3%
Gross capital formation, % of GDPN/A20.4%
Total reserves including gold$233.8M$70.6B
Foreign direct investment net inflows$153.7M$49.1B

Exports, imports and economic structure

StatGrenadaSpain
Exports of goods and services, % of GDP54.2%35.1%
Imports of goods and services, % of GDP55.2%32.4%
Current account balance (balance of payments)-$116.3M$27.3B
Revenue excluding grants, % of GDPN/A15.7%
Grants excluding technical cooperation, BoP$250kN/A
Personal remittances received$48.5M$3.4B
Industry including construction value added, % of GDP13.3%20%
Agriculture, forestry and fishing value added, % of GDP5.2%2.8%
Charges for the use of intellectual property, payments BoP$9.3M$6.6B
Charges for the use of intellectual property, receipts BoP$56k$2.5B
Expense, % of GDPN/A18.8%
Government Expenditure, % of GDPN/A41.5%

Compare with countries close by GDP per capita

Grenada vs

CountryGDP
per capita
Population
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M

Spain vs

CountryGDP
per capita
Population
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M