Philippines 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 Philippines at 55/100. 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
58
Economic strength
Spain leads
74
45
Political stability
Spain leads
78
52
Business climate
Spain leads
74
55
Financial maturity
Spain leads
72
72
Growth outlook
72
Macro snapshot
435
GDP (USD bn)
-1146.6 bn
1,582
5.6%
GDP growth (%)
+3.1 pp
2.5%
$3,900
GDP per capita (USD)
-29380.0
$33,280
5.3%
Inflation (%)
+2.5 pp
2.8%
2.5%
FDI (% of GDP)
-0.3 pp
2.8%
61%
Public debt (% of GDP)
-46.5 pp
108%
115
Population (M)
+66.9M
48.1
Philippines — strong sectors
- BPO & Services8.0% of GDP88
- Remittances9.0% of GDP82
- Manufacturing18.0% of GDP65
- Real Estate5.0% of GDP62
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: Philippines or Spain?
Our composite investment index gives Philippines a score of 55/100 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 Philippines a safer market than Spain?
Risk classification puts Philippines 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: Philippines or Spain?
Philippines is currently growing at 5.6% per year, vs 2.5% for Spain. Philippines has the faster headline growth rate today.