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Iraq vs Spain: Economic Indicators Comparison

Spain with a GDP of $1.4T ranked the 14th largest economy in the world, while Iraq ranked 50th with $224.2B. By GDP 5-years average growth and GDP per capita, Spain and Iraq ranked 104th vs 85th and 34th vs 103rd, respectively.

Gross Domestic Product & Income

StatIraqSpain
GDP$224.2B$1.4T
GDP growth, 1 year0.6%2.5%
GDP growth, 5-years average3.1%2.7%
Population33.4M46.5M
GDP per capita$5.8k$30k
GDP per capita growth-2.84%2.07%
Purchasing Power Parity conversion factor395.510.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.330.76
GDP per capita, PPP adjusted$18k$40k
GNI, Atlas method$193.6B$1.4T
GNI per capita$5k$29k
GNI, PPP adjusted$661.5B$1.9T
GNI per capita, PPP adjusted$17k$40k

Financial system and Human development

StatIraqSpain
Income Tax Rate15%45%
Corporate Tax Rate15%25%
Inflation, consumer prices0.4%1.7%
Inflation, GDP deflator15.4%1.1%
Unemployment7.9%15.5%
Economic Freedom Index2166.9
Personal Freedom Index3.218.95
Human Freedom Index4.288.22
Property Rights Index43.974.9
Judical Effectiveness Index11.251.8
Business Freedom Index52.666.8
Fiscal Health Index76.662.6
Labor Freedom Index44.857.7
Investment Freedom IndexN/A85
Financial Freedom IndexN/A70
Trade Freedom IndexN/A86.4
Monetary Freedom Index76.482
Government Spending Index59.548.3
Tax Burden IndexN/A62.1
Government Integrity Index20.855.1
Corruption Perceptions Index1858
Life expectancy at birth, years70.383.3
Suicide mortality rate, per 100,000 people38.7
Mortality caused by road traffic injury, per 100,000 people20.74.1
Intentional homicides, per 100,000 people9.90.7
International tourism, number of arrivals892k82.8M

Government debt & reserves

StatIraqSpain
Central government debt, % of GDP48.4%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 GNI-7%9.1%
Gross savings, % of GDP20.1%22.3%
Gross capital formation, % of GDP12.9%20.4%
Total reserves including gold$64.7B$70.6B
Foreign direct investment net inflows-$4.9B$49.1B

Exports, imports and economic structure

StatIraqSpain
Exports of goods and services, % of GDP44%35.1%
Imports of goods and services, % of GDP35.9%32.4%
Current account balance (balance of payments)$34.4B$27.3B
Revenue excluding grants, % of GDP26.3%15.7%
Grants excluding technical cooperation, BoP$1.7BN/A
Personal remittances received$741.7M$3.4B
Industry including construction value added, % of GDP56.1%20%
Agriculture, forestry and fishing value added, % of GDP2%2.8%
Charges for the use of intellectual property, payments BoP$7.8M$6.6B
Charges for the use of intellectual property, receipts BoP$100k$2.5B
Expense, % of GDP25.3%18.8%
Government Expenditure, % of GDP36.7%41.5%

Compare with countries close by GDP per capita

Iraq vs

CountryGDP
per capita
Population
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
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
Armenia
$4.2k
2.93M
Samoa
$4.2k
190k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M

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