Australia and Spain Economies: A Side-by-Side Table Comparison

Australia and Spain present a fascinating contrast across various key indicators. Australia has a smaller population, yet its landmass is 15 times greater. Economically, Australia outpaces Spain in GDP and per capita income, while enjoying a higher level of economic freedom. Additionally, Australia’s military spending surpasses Spain’s, and its imports are significantly lower, reflecting different economic structures and priorities.

Basic Indicators

Indicator	Australia	Spain	Comparison
Population source (2022 data), updated 2024	26.01 million (54th)	47.78 million (29th)	Australia’s population is approximately 0.54 times that of Spain.
Surface area (sq. km) source (2022 data), updated 2024	7.74 million sq. km (6th)	0.51 million sq. km (52nd)	Australia is 15 times larger than Spain.
GDP source (2022 data), updated 2024	1,692.96B USD (12th)	1,417.80B USD (15th)	Australia’s total GDP is approximately 1.19 times larger than Spain’s.
GDP per capita source (2022 data), updated 2024	$65,100 (13th)	29,675 USD (39th)	Australia’s GDP per capita is roughly 119% higher than Spain’s, with Australians producing about $35,425 more per person annually.

Economic Indexes

Index	Australia	Spain	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.946 (10th)	0.911 (27th)	Australia’s HDI is 0.946 (very high), while Spain’s is 0.911 (very high). Australia’s score is 0.035 higher, indicating a slight advantage in human development overall.
Index of Economic Freedom source (2024 data)	76.2 (12th)	63.3 (52nd)	Australia’s Index of Economic Freedom is 20% higher than Spain’s, 12.9 points more.
GINI source (2022 data), updated 2024	34.3 (2018 est.)	34.9 (2020 est.)	With a 10% lower Gini coefficient, Australia has a lower degree of income inequality than Spain.

International trade _{source(2023 data), updated 2024}

Indicator	Australia	Spain
Total imports	363.57B USD	550.58B
Imports % of GDP	19.71%	39.66%
Main import partners	China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%	Germany 11%, China 10%, France 10%, Italy 7%, US 6%
Main import items	refined petroleum, cars, garments, trucks, plastic products	crude petroleum, natural gas, garments, cars, vehicle parts/accessories
Total exports	447.51B USD	615.83B
Exports % of GDP	25.43%	40.87%
Main export Partners	China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%	France 17%, Germany 10%, Portugal 9%, Italy 8%, UK 6%
Main export items	coal, iron ore, natural gas, gold, wheat	cars, refined petroleum, garments, packaged medicine, vehicle parts/accessories

Australia’s imports are 66% of Spain’s, and Australia spends 50% less of its GDP on imports compared to Spain. Australia’s exports are 447.51B USD, mostly raw materials, while Spain’s 615.83B USD exports focus on advanced goods like cars and medicine.

Military Power _{source (2023 data), updated 2024}

Indicator	Australia	Spain
Military expenditure	32.3B USD	23.7B USD
Military expenditure (% of GDP)	1.90%	1.47%
Active military	59k	120k
Active military per 1,000 capita	3.8	4.4

Australia’s military expenditure is approximately 36% larger and about $8.64 billion higher than Spain’s, while Australia allocates a greater percentage of its GDP to defense compared to Spain.