🇩🇪 Germany vs 🇪🇸 Spain

Analysis

By total government debt, Germany ranks 7th-largest and Spain ranks 11th-largest among the 137 sovereigns tracked on this site.

On a per-citizen basis the picture can look different from the nominal totals: a resident's notional share of the national debt in Spain is roughly 1.0× that in Germany ($42,368 vs $40,439 per person).

The debt-to-GDP picture is asymmetric here: Spain sits at 100% of GDP, well above Germany's 63%, meaning Spain owes far more relative to the size of its own economy — even where the nominal, dollar-for-dollar comparison above suggests otherwise.

The gap between them is widening: Germany's debt is growing faster in dollar terms ($11K/sec vs $4K/sec for Spain), adding roughly $562,118,400 to the difference each day.

Scale is part of the story too: Germany's population (84M) is about 1.8× Spain's (47M), which is part of why the nominal and per-capita comparisons above can point in different directions — a government's debt load scales loosely with the size of both its economy and its population, not either alone.

Germany and Spain are both grouped under this site's “Europe” region, so this is, in effect, an intra-regional comparison as well.

This analysis is generated automatically from live data as an educational orientation, not financial advice — see the methodology page for definitions and caveats.