Portugal vs Spain: Economic Indicators Comparison

Spain with a GDP of $1.4T ranked the 14th largest economy in the world, while Portugal ranked 48th with $240.7B. By GDP 5-years average growth and GDP per capita, Spain and Portugal ranked 104th vs 135th and 34th vs 40th, respectively.

Gross Domestic Product & Income

StatPortugalSpain
GDP$240.7B$1.4T
GDP growth, 1 year2.1%2.5%
GDP growth, 5-years average1.9%2.7%
Population10.6M46.7M
GDP per capita$23k$30k
GDP per capita growth2.63%2.07%
Purchasing Power Parity conversion factor0.590.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.70.76
GDP per capita, PPP adjusted$32k$40k
GNI, Atlas method$226.1B$1.4T
GNI per capita$22k$29k
GNI, PPP adjusted$336B$1.9T
GNI per capita, PPP adjusted$33k$40k

Financial system and Human development

StatPortugalSpain
Income Tax Rate48%45%
Corporate Tax Rate23%25%
Inflation, consumer prices1.2%1.7%
Inflation, GDP deflator1.6%1.1%
Unemployment6.9%15.5%
Economic Freedom Index6766.9
Personal Freedom Index8.998.95
Human Freedom Index8.118.22
Property Rights Index75.474.9
Judical Effectiveness Index65.651.8
Business Freedom Index76.566.8
Fiscal Health Index74.462.6
Labor Freedom Index44.157.7
Investment Freedom Index7085
Financial Freedom Index6070
Trade Freedom Index86.486.4
Monetary Freedom Index8382
Government Spending Index39.848.3
Tax Burden Index59.662.1
Government Integrity Index68.955.1
Corruption Perceptions Index6458
Life expectancy at birth, years81.183.3
Suicide mortality rate, per 100,000 people148.7
Mortality caused by road traffic injury, per 100,000 people7.44.1
Intentional homicides, per 100,000 people0.70.7
International tourism, number of arrivals16.2M82.8M

Government debt & reserves

StatPortugalSpain
Central government debt, % of GDP121.4%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 GNI3.4%9.1%
Gross savings, % of GDP18%22.3%
Gross capital formation, % of GDP18.1%20.4%
Total reserves including gold$24.9B$70.6B
Foreign direct investment net inflows$6.4B$49.1B

Exports, imports and economic structure

StatPortugalSpain
Exports of goods and services, % of GDP43.5%35.1%
Imports of goods and services, % of GDP43.4%32.4%
Current account balance (balance of payments)$956.9M$27.3B
Revenue excluding grants, % of GDP37.5%15.7%
Grants excluding technical cooperation, BoPN/AN/A
Personal remittances received$503.8M$3.4B
Industry including construction value added, % of GDP19.2%20%
Agriculture, forestry and fishing value added, % of GDP2.1%2.8%
Charges for the use of intellectual property, payments BoP$850.5M$6.6B
Charges for the use of intellectual property, receipts BoP$118.9M$2.5B
Expense, % of GDP41.4%18.8%
Government Expenditure, % of GDP44.8%41.5%

Compare with countries close by GDP per capita

Portugal vs

CountryGDP
per capita
Population
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
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
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M

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
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
Barbados
$18k
286k