Spain vs Venezuela: Economic Indicators Comparison

Spain with a GDP of $1.4T ranked the 14th largest economy in the world, while Venezuela ranked 27th with $482.4B. By GDP 5-years average growth and GDP per capita, Spain and Venezuela ranked 104th vs 181st and 34th vs 58th, respectively.

Gross Domestic Product & Income

StatSpainVenezuela
GDP$1.4T$482.4B
GDP growth, 1 year2.5%-18%
GDP growth, 5-years average2.7%-12.2%
Population46.7M28.5M
GDP per capita$30k$16k
GDP per capita growth2.07%-18.17%
Purchasing Power Parity conversion factor0.655.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.760.89
GDP per capita, PPP adjusted$40k$8.8k
GNI, Atlas method$1.4T$392.9B
GNI per capita$29k$13k
GNI, PPP adjusted$1.9T$352.8B
GNI per capita, PPP adjusted$40k$12k

Financial system and Human development

StatSpainVenezuela
Income Tax Rate45%34%
Corporate Tax Rate25%34%
Inflation, consumer prices1.7%929789.5%
Inflation, GDP deflator1.1%748.1%
Unemployment15.5%8.4%
Economic Freedom Index66.925.2
Personal Freedom Index8.956.33
Human Freedom Index8.225.27
Property Rights Index74.910.1
Judical Effectiveness Index51.812.6
Business Freedom Index66.830.8
Fiscal Health Index62.60
Labor Freedom Index57.727.7
Investment Freedom Index850
Financial Freedom Index7010
Trade Freedom Index86.458
Monetary Freedom Index820
Government Spending Index48.366.3
Tax Burden Index62.172.8
Government Integrity Index55.114.6
Corruption Perceptions Index5818
Life expectancy at birth, years83.372.2
Suicide mortality rate, per 100,000 people8.73.7
Mortality caused by road traffic injury, per 100,000 people4.133.7
Intentional homicides, per 100,000 people0.756.3
International tourism, number of arrivals82.8M427k

Government debt & reserves

StatSpainVenezuela
Central government debt, % of GDP97%175.6%
External debt stocks, % of GNIN/A33.9%
External debt stocksN/A$154.9B
Short-term debt, % of total reservesN/A421.1%
Total debt service, % of exports and primary incomeN/A69%
Adjusted net savings including particulate emission damage, % of GNI9.1%7.2%
Gross savings, % of GDP22.3%8.9%
Gross capital formation, % of GDP20.4%-3.7%
Total reserves including gold$70.6B$9.8B
Foreign direct investment net inflows$49.1B$956M

Exports, imports and economic structure

StatSpainVenezuela
Exports of goods and services, % of GDP35.1%30.7%
Imports of goods and services, % of GDP32.4%36.4%
Current account balance (balance of payments)$27.3B-$3.9B
Revenue excluding grants, % of GDP15.7%N/A
Grants excluding technical cooperation, BoPN/A$125.8M
Personal remittances received$3.4B$297.1M
Industry including construction value added, % of GDP20%37.2%
Agriculture, forestry and fishing value added, % of GDP2.8%5%
Charges for the use of intellectual property, payments BoP$6.6B$258M
Charges for the use of intellectual property, receipts BoP$2.5BN/A
Expense, % of GDP18.8%N/A
Government Expenditure, % of GDP41.5%33.5%

Compare with countries close by GDP per capita

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

Venezuela vs

CountryGDP
per capita
Population
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
Hungary
$16k
9.94M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M