It entirely depends on the context.
The simple answer is that my favorite country is where my employment and loved ones are, the USA.
For travel, Probably Spain. I’ve always felt that the mix of relaxation and adventure is perfect there. I’ve always loved southern Chile, but it’s a bit too rural to feel entirely comfortable. There’s always this awareness of how much trouble I’d be in if I screwed anything up.
Oh yeah, because those initials work out so much better than the other one…