Is Spain or Portugal poorer?
Is Spain or Portugal poorer? Spain is, according to the most recent FMI estimates, the 15th largest world economy (in PPP terms), with Portugal 55th. In terms of per capita GDP (PPP) the gap is smaller, with Spain ranking 32nd and its neighbour 43rd.
Is Portugal a rich or Poor Country?
In terms of GDP, Portugal ranks #47 in the world and falls way behind major economies such as the USA and the UK. Nevertheless, the European Commission's projects place Portugal as the European country with the highest growth in 2022.
Why is Portugal so different from Spain?
One of the main differences lies in the language. Spanish is the official language of Spain, while Portuguese is the official language of Portugal. Although they are both Romance languages and share some similarities, the pronunciation, vocabulary, and even certain expressions can vary.