Spain Spain vs Poland Poland development indicators, 2024

Indicator
Spain
Spain, Value
Poland
Poland, Value
Spain
Spain, Rank
Poland
Poland, Rank
Spain Spain as % of
Poland Poland
Current account balance (% of GDP) 3.03 0.196 32 52 1,549 %
Exports of goods and services (% of GDP) 37.3 52.3 66 37 71.3 %
Foreign direct investment, net inflows (% of GDP) 1.89 2.02 58 53 93.6 %
GDP per capita (current US$) 35,297 25,023 34 48 141 %
GDP per capita, PPP (current international US$) 56,926 50,378 32 42 113 %
Imports of goods and services (% of GDP) 33 48.3 87 58 68.3 %
Inflation, consumer prices (annual %) 2.77 3.79 90 56 73.2 %
Net migration 111,674 -238,062 18 207
Population, total 48,807,137 36,554,707 32 42 134 %

Demography and Health

Spain and Poland exhibit differing demographic trends, notably in birth and death rates. Spain has a crude birth rate of 6.7 per 1,000 people compared to Poland's 7.4, ranking them 79th and 72nd globally, respectively. The crude death rate in Spain is at 9 per 1,000, lower than Poland's 11.1, placing Spain 66th and Poland 40th. Life expectancy at birth showcases a significant disparity, with Spain leading at 83.9 years, while Poland trails at 78.5 years, ranking 1st and 54th. Spain also outperforms Poland in infant mortality rates, having a mortality rate of 3.1 per 1,000 live births versus Poland's 4.4.

Both nations have similar undernourishment rates, but Spain spends more on health per capita at $3,535 (PPP) compared to Poland’s $2,179. However, Spain's healthcare is complemented by a higher number of physicians per 1,000 people, with 4.5 compared to Poland's 3.4. Interestingly, Spain has a lower suicide mortality rate (8.7 per 100,000) than Poland (13.7 per 100,000), indicating better mental health outcomes.

Economy

In terms of economic performance, Spain's GDP per capita stands at $35,297, significantly higher than Poland's $25,023, placing them at ranks 51 and 75, respectively. When adjusted for purchasing power parity (PPP), Spain again leads with $56,926 compared to Poland’s $50,378, ranking them 45th and 64th globally. Spain's economic stability is reflected in a current account balance of 3% of GDP versus Poland's 0.2%. Importantly, while Spain has experienced relatively low inflation of 2.8%, Poland's inflation rate is higher at 3.8%.

However, in terms of total unemployment rates, Spain faces a challenge with 12.2% compared to Poland's remarkably low 2.7%, indicating a robust labor market in Poland. Foreign direct investment net inflows are similar, with Spain at 1.9% of GDP and Poland at 2%. Overall, while Spain shows higher income levels, Poland demonstrates stronger employment figures.

Trade and Investment

When examining trade, Poland outshines Spain in the exports of goods and services, constituting 52.3% of its GDP, compared to Spain's 37.3%, ranking them 73rd and 98th, respectively. Conversely, Spain has a slightly lower import rate at 33% of GDP compared to Poland’s 48.3%. High-technology exports illustrate Poland's emerging technological sector with $29.6 billion versus Spain's $25.8 billion. This indicates that Poland may have a stronger foothold in specific high-value industries.

Governance and Institutions

Governance metrics reveal that while both countries share a similar score for control of corruption at 0.6 and rank closely (50th for Spain and 52nd for Poland), Spain demonstrates stronger government effectiveness at 0.8 (ranked 51st) compared to Poland's 0.4 (66th). The rule of law is also stronger in Spain (0.8) relative to Poland (0.5). Political stability metrics indicate better performance for Poland (0.6) over Spain (0.3), suggesting a less turbulent political landscape.

Infrastructure and Technology

Spain ranks higher in logistics performance index with a score of 3.8 (8th place) against Poland's 3.5 (ranked 16th), reflecting superior trade and transport infrastructure. Additionally, Spain boasts a higher percentage of internet users, with 95.4% of the population online compared to Poland’s 86.4%, suggesting a more connected populace, which is crucial in today’s digital economy.

Environment and Sustainability

In the realm of environmental sustainability, Spain consumes a higher proportion of renewable energy at 19% of total final energy consumption, compared to Poland's 15.2%. However, Poland faces a higher level of greenhouse gas emissions per capita at 9.9 tons compared to Spain’s 5.9 tons, which signifies a greater environmental challenge in Poland. Spain also shows a lower level of water stress with 43.3% of freshwater withdrawal compared to Poland's 32.1%, indicating better management of water resources in Poland, albeit with lesser overall stress in Spain.