After conducting thorough research, I have found that Spain and Portugal no longer have any colonies that they occupy to this date. However, other western countries such as the United Kingdom, France, the Netherlands, Denmark, and the United States still have overseas territories and dependencies that they occupy.

Here is a comprehensive list of former Spanish and Portuguese colonies:

Spanish Colonies:

Argentina
Bolivia
Chile
Colombia
Costa Rica
Cuba
Dominican Republic
Ecuador
El Salvador
Equatorial Guinea
Guatemala
Honduras
Mexico
Nicaragua
Panama
Paraguay
Peru
Philippines
Puerto Rico
Uruguay
Venezuela


Portuguese Colonies:

Angola
Brazil
Cape Verde
East Timor
Guinea-Bissau
Mozambique
São Tomé and Príncipe


As for other Western countries, most have given up their colonies, with a few exceptions such as the United Kingdom (e.g. Bermuda, Gibraltar, Falkland Islands), France (e.g. French Guiana, Martinique), the Netherlands (e.g. Aruba, Curacao), and the United States (e.g. Puerto Rico, Guam).
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