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The Philippines vs Spain: Economic Indicators Comparison

Spain with a GDP of $1.4T ranked the 14th largest economy in the world, while the Philippines ranked 40th with $330.9B. By GDP 5-years average growth and GDP per capita, Spain and the Philippines ranked 104th vs 21st and 34th vs 134th, respectively.

Gross Domestic Product & Income

StatPhilippinesSpain
GDP$330.9B$1.4T
GDP growth, 1 year6.2%2.5%
GDP growth, 5-years average6.4%2.7%
Population101M46.5M
GDP per capita$3.1k$30k
GDP per capita growth4.77%2.07%
Purchasing Power Parity conversion factor18.250.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.350.76
GDP per capita, PPP adjusted$8.9k$40k
GNI, Atlas method$408.8B$1.4T
GNI per capita$3.8k$29k
GNI, PPP adjusted$1.1T$1.9T
GNI per capita, PPP adjusted$11k$40k

Financial system and Human development

StatPhilippinesSpain
Income Tax Rate35%45%
Corporate Tax Rate30%25%
Inflation, consumer prices5.2%1.7%
Inflation, GDP deflator3.8%1.1%
Unemployment2.5%15.5%
Economic Freedom Index64.566.9
Personal Freedom Index7.068.95
Human Freedom Index6.928.22
Property Rights Index54.674.9
Judical Effectiveness Index34.251.8
Business Freedom Index59.566.8
Fiscal Health Index96.362.6
Labor Freedom Index57.457.7
Investment Freedom Index6085
Financial Freedom Index6070
Trade Freedom Index81.686.4
Monetary Freedom Index66.982
Government Spending Index87.948.3
Tax Burden Index76.762.1
Government Integrity Index38.755.1
Corruption Perceptions Index3658
Life expectancy at birth, years7183.3
Suicide mortality rate, per 100,000 people3.28.7
Mortality caused by road traffic injury, per 100,000 people12.34.1
Intentional homicides, per 100,000 people8.40.7
International tourism, number of arrivals7.2M82.8M

Government debt & reserves

StatPhilippinesSpain
Central government debt, % of GDP39.6%97%
External debt stocks, % of GNI19.9%N/A
External debt stocks$78.8BN/A
Short-term debt, % of total reserves20.3%N/A
Total debt service, % of exports and primary income8.7%N/A
Adjusted net savings including particulate emission damage, % of GNI28.5%9.1%
Gross savings, % of GDP42.4%22.3%
Gross capital formation, % of GDP26.9%20.4%
Total reserves including gold$79.2B$70.6B
Foreign direct investment net inflows$9.8B$49.1B

Exports, imports and economic structure

StatPhilippinesSpain
Exports of goods and services, % of GDP31.7%35.1%
Imports of goods and services, % of GDP44.4%32.4%
Current account balance (balance of payments)-$8.7B$27.3B
Revenue excluding grants, % of GDP16.3%15.7%
Grants excluding technical cooperation, BoP$436.5MN/A
Personal remittances received$33.8B$3.4B
Industry including construction value added, % of GDP30.7%20%
Agriculture, forestry and fishing value added, % of GDP9.3%2.8%
Charges for the use of intellectual property, payments BoP$917M$6.6B
Charges for the use of intellectual property, receipts BoP$44.1M$2.5B
Expense, % of GDP14.9%18.8%
Government Expenditure, % of GDP20.1%41.5%

Compare with countries close by GDP per capita

Philippines vs

CountryGDP
per capita
Population
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
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
850k
Papua New Guinea
$2.7k
7.32M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.77M
Honduras
$2.5k
8.1M
Ghana
$2.2k
28.3M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
14.1M
Solomon Islands
$2.1k
561k
East Timor
$2k
1.18M
Syria
$2k
19.8M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M

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