Serbia vs Spain: Economic Indicators Comparison

Spain with a GDP of $1.4T ranked the 14th largest economy in the world, while Serbia ranked 84th with $50.6B. By GDP 5-years average growth and GDP per capita, Spain and Serbia ranked 104th vs 131st and 34th vs 90th, respectively.

Gross Domestic Product & Income

StatSerbiaSpain
GDP$50.6B$1.4T
GDP growth, 1 year4.4%2.5%
GDP growth, 5-years average2%2.7%
Population7M46.7M
GDP per capita$7.2k$30k
GDP per capita growth4.97%2.07%
Purchasing Power Parity conversion factor41.640.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.420.76
GDP per capita, PPP adjusted$18k$40k
GNI, Atlas method$44.6B$1.4T
GNI per capita$6.4k$29k
GNI, PPP adjusted$115.5B$1.9T
GNI per capita, PPP adjusted$17k$40k

Financial system and Human development

StatSerbiaSpain
Income Tax Rate10%45%
Corporate Tax Rate15%25%
Inflation, consumer prices2%1.7%
Inflation, GDP deflator2.1%1.1%
Unemployment13.5%15.5%
Economic Freedom Index6666.9
Personal Freedom Index7.848.95
Human Freedom Index7.198.22
Property Rights Index55.474.9
Judical Effectiveness Index46.851.8
Business Freedom Index72.666.8
Fiscal Health Index94.162.6
Labor Freedom Index66.957.7
Investment Freedom Index7085
Financial Freedom Index5070
Trade Freedom Index7886.4
Monetary Freedom Index80.782
Government Spending Index49.748.3
Tax Burden Index83.762.1
Government Integrity Index4455.1
Corruption Perceptions Index3958
Life expectancy at birth, years76.183.3
Suicide mortality rate, per 100,000 people15.68.7
Mortality caused by road traffic injury, per 100,000 people7.44.1
Intentional homicides, per 100,000 people1.10.7
International tourism, number of arrivals1.7M82.8M

Government debt & reserves

StatSerbiaSpain
Central government debt, % of GDP54.3%97%
External debt stocks, % of GNI71.7%N/A
External debt stocks$34.3BN/A
Short-term debt, % of total reserves16.4%N/A
Total debt service, % of exports and primary income22.3%N/A
Adjusted net savings including particulate emission damage, % of GNI-3.2%9.1%
Gross savings, % of GDP18.6%22.3%
Gross capital formation, % of GDP22.7%20.4%
Total reserves including gold$12.9B$70.6B
Foreign direct investment net inflows$4.1B$49.1B

Exports, imports and economic structure

StatSerbiaSpain
Exports of goods and services, % of GDP50.8%35.1%
Imports of goods and services, % of GDP59.3%32.4%
Current account balance (balance of payments)-$2.6B$27.3B
Revenue excluding grants, % of GDP32.8%15.7%
Grants excluding technical cooperation, BoP$334.6MN/A
Personal remittances received$4.3B$3.4B
Industry including construction value added, % of GDP25.5%20%
Agriculture, forestry and fishing value added, % of GDP6.3%2.8%
Charges for the use of intellectual property, payments BoP$289.7M$6.6B
Charges for the use of intellectual property, receipts BoP$57.9M$2.5B
Expense, % of GDP36.9%18.8%
Government Expenditure, % of GDP40.9%41.5%

Compare with countries close by GDP per capita

Serbia vs

CountryGDP
per capita
Population
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
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M

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