Indonesia vs Spain
A data-driven side-by-side: investment score, economy, business climate, political stability, and tax — to help you decide where to invest, incorporate, or relocate.
Overall: Spain ranks higher
Spain scores 76/100 on our composite investment index, ahead of Indonesia at 58/100. This blends economic strength, political stability, business climate, financial maturity, and growth outlook. Read the breakdown below to see where each country actually leads.
Category breakdown
62
Economic strength
Spain leads
74
48
Political stability
Spain leads
78
55
Business climate
Spain leads
74
58
Financial maturity
Spain leads
72
72
Growth outlook
72
Macro snapshot
1,320
GDP (USD bn)
-261.6 bn
1,582
5.0%
GDP growth (%)
+2.5 pp
2.5%
$4,800
GDP per capita (USD)
-28480.0
$33,280
3.0%
Inflation (%)
+0.2 pp
2.8%
1.8%
FDI (% of GDP)
-1.0 pp
2.8%
39%
Public debt (% of GDP)
-68.5 pp
108%
278
Population (M)
+229.9M
48.1
Indonesia — strong sectors
- Mining & Resources10.0% of GDP78
- Digital Economy5.0% of GDP75
- Palm Oil4.0% of GDP72
- Manufacturing19.0% of GDP68
Spain — strong sectors
- Tourism12.0% of GDP82
- Renewable Energy5.0% of GDP80
- Automotive4.0% of GDP72
- Agriculture3.0% of GDP68
Frequently asked
Which is better for investment: Indonesia or Spain?
Our composite investment index gives Indonesia a score of 58/100 and Spain a score of 76/100. Spain ranks higher overall, but the right answer depends on your sector and risk tolerance — see the category breakdown above.
Is Indonesia a safer market than Spain?
Risk classification puts Indonesia as moderate (Growing economy with manageable risks - suitable for diversified portfolios) and Spain as safe (Strong fundamentals, stable governance, favorable investment climate).
Which has higher GDP growth: Indonesia or Spain?
Indonesia is currently growing at 5.0% per year, vs 2.5% for Spain. Indonesia has the faster headline growth rate today.