Madagascar vs Spain: Economic Indicators Comparison

Spain with a GDP of $1.4T ranked the 14th largest economy in the world, while Madagascar ranked 130th with $13.9B. By GDP 5-years average growth and GDP per capita, Spain and Madagascar ranked 104th vs 55th and 34th vs 190th, respectively.

Gross Domestic Product & Income

StatMadagascarSpain
GDP$13.9B$1.4T
GDP growth, 1 year5.2%2.5%
GDP growth, 5-years average4%2.7%
Population25.6M46.7M
GDP per capita$528$30k
GDP per capita growth1.81%2.07%
Purchasing Power Parity conversion factor929.90.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.280.76
GDP per capita, PPP adjusted$1.6k$40k
GNI, Atlas method$13.3B$1.4T
GNI per capita$510$29k
GNI, PPP adjusted$48.2B$1.9T
GNI per capita, PPP adjusted$1.8k$40k

Financial system and Human development

StatMadagascarSpain
Income Tax Rate20%45%
Corporate Tax Rate20%25%
Inflation, consumer prices7.3%1.7%
Inflation, GDP deflator7.6%1.1%
Unemployment1.7%15.5%
Economic Freedom Index60.566.9
Personal Freedom Index7.298.95
Human Freedom Index6.698.22
Property Rights Index45.674.9
Judical Effectiveness Index39.651.8
Business Freedom Index47.366.8
Fiscal Health Index90.662.6
Labor Freedom Index44.657.7
Investment Freedom Index5585
Financial Freedom Index5070
Trade Freedom Index73.686.4
Monetary Freedom Index72.782
Government Spending Index91.548.3
Tax Burden Index90.762.1
Government Integrity Index2555.1
Corruption Perceptions Index2558
Life expectancy at birth, years66.383.3
Suicide mortality rate, per 100,000 people3.98.7
Mortality caused by road traffic injury, per 100,000 people28.64.1
Intentional homicides, per 100,000 people7.70.7
International tourism, number of arrivals291k82.8M

Government debt & reserves

StatMadagascarSpain
Central government debt, % of GDP39.7%97%
External debt stocks, % of GNI31.8%N/A
External debt stocks$3.7BN/A
Short-term debt, % of total reserves15.6%N/A
Total debt service, % of exports and primary income2.7%N/A
Adjusted net savings including particulate emission damage, % of GNI7.7%9.1%
Gross savings, % of GDP18.6%22.3%
Gross capital formation, % of GDP19.6%20.4%
Total reserves including gold$1.7B$70.6B
Foreign direct investment net inflows$612M$49.1B

Exports, imports and economic structure

StatMadagascarSpain
Exports of goods and services, % of GDP28.7%35.1%
Imports of goods and services, % of GDP33.8%32.4%
Current account balance (balance of payments)$80.1M$27.3B
Revenue excluding grants, % of GDP11.4%15.7%
Grants excluding technical cooperation, BoP$373.7MN/A
Personal remittances received$425.5M$3.4B
Industry including construction value added, % of GDP23.1%20%
Agriculture, forestry and fishing value added, % of GDP23.8%2.8%
Charges for the use of intellectual property, payments BoP$17.1M$6.6B
Charges for the use of intellectual property, receipts BoP$4.5M$2.5B
Expense, % of GDP9.8%18.8%
Government Expenditure, % of GDP16.8%41.5%

Compare with countries close by GDP per capita

Madagascar vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M

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