🇲🇽 Mexico vs 🇪🇸 Spain

Analysis

By total government debt, Mexico ranks 12th-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 4.3× that in Mexico ($42,368 vs $9,803 per person).

The debt-to-GDP picture is asymmetric here: Spain sits at 100% of GDP, well above Mexico's 62%, 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 narrowing: Mexico's debt is growing faster in dollar terms ($6K/sec vs $4K/sec for Spain), closing the difference by roughly $155,260,800 per day. At that pace — and holding both growth rates constant, a simplification, since real-world rates shift with fiscal policy — the two would reach a similar total in a rough 13 years.

Scale is part of the story too: Mexico's population (129M) is about 2.7× 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.

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