Spain vs Turkey
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 Turkey at 42/100. 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
74
Economic strength
Spain leads
42
78
Political stability
Spain leads
30
74
Business climate
Spain leads
45
72
Financial maturity
Spain leads
35
72
Growth outlook
Spain leads
58
Macro snapshot
1,582
GDP (USD bn)
+451.6 bn
1,130
2.5%
GDP growth (%)
-2.0 pp
4.5%
$33,280
GDP per capita (USD)
+20280.0
$13,000
2.8%
Inflation (%)
-55.2 pp
58.0%
2.8%
FDI (% of GDP)
+1.8 pp
1.0%
108%
Public debt (% of GDP)
+72.5 pp
35%
48.1
Population (M)
-37.9M
86
Spain — strong sectors
- Tourism12.0% of GDP82
- Renewable Energy5.0% of GDP80
- Automotive4.0% of GDP72
- Agriculture3.0% of GDP68
Turkey — strong sectors
- Tourism5.0% of GDP78
- Automotive4.0% of GDP72
- Manufacturing22.0% of GDP68
- Construction6.0% of GDP55
Frequently asked
Which is better for investment: Spain or Turkey?
Our composite investment index gives Spain a score of 76/100 and Turkey a score of 42/100. Spain ranks higher overall, but the right answer depends on your sector and risk tolerance — see the category breakdown above.
Is Spain a safer market than Turkey?
Risk classification puts Spain as safe (Strong fundamentals, stable governance, favorable investment climate) and Turkey as caution (Significant risks present - experienced investors with hedging strategies).
Which has higher GDP growth: Spain or Turkey?
Spain is currently growing at 2.5% per year, vs 4.5% for Turkey. Turkey has the faster headline growth rate today.