Bulgaria Bulgaria vs Cyprus Cyprus development indicators, 2024

Indicator
Bulgaria
Bulgaria, Value
Cyprus
Cyprus, Value
Bulgaria
Bulgaria, Rank
Cyprus
Cyprus, Rank
Bulgaria Bulgaria as % of
Cyprus Cyprus
Current account balance (% of GDP) -1.79 -8.39 71 100 21.4 %
Exports of goods and services (% of GDP) 55.8 96.7 33 7 57.7 %
GDP per capita (current US$) 17,412 38,654 62 32 45 %
GDP per capita, PPP (current international US$) 41,086 61,240 56 29 67.1 %
Imports of goods and services (% of GDP) 53.5 93.1 49 10 57.4 %
Inflation, consumer prices (annual %) 2.45 1.8 97 117 136 %
Net migration 524 8,138 74 48 6.44 %
Population, total 6,444,366 1,358,282 110 157 474 %

Demography and Health

The demographic landscape of Bulgaria and Cyprus reveals distinct patterns. The crude birth rate in Bulgaria is 8.9 per 1,000 people, while Cyprus has a higher rate at 10.8, ranking 7th globally compared to Bulgaria's 45th rank. Conversely, the crude death rate shows a stark difference, with Bulgaria at 15.7 (ranked 9th) compared to Cyprus's significantly lower 7.1 (ranked 75th). This disparity may suggest challenges in healthcare and living conditions in Bulgaria. Life expectancy follows a similar trend, with Bulgaria at 75.7 years (ranked 69th) and Cyprus at 81.6 years (ranked 31st). Additionally, Bulgaria has a higher under-5 mortality rate of 6.1 per 1,000 live births than Cyprus's 3.5, showcasing differences in child healthcare and early life conditions. Moreover, both countries share a prevalence of undernourishment at 2.5%, revealing similar levels of food security. However, net migration flows indicate Bulgaria's challenges, attracting only 524 migrants in 2024 compared to Cyprus’s 8,138, which highlights a more favorable immigration climate in Cyprus.

Economy

The economic comparison between Bulgaria and Cyprus emphasizes significant differences. GDP per capita in Bulgaria stands at $17,412, ranking 103rd, while Cyprus enjoys a higher GDP per capita of $38,654, positioned 45th. In terms of purchasing power parity (PPP), Bulgaria's GDP per capita is $41,086 (ranked 95th) versus Cyprus's $61,240 (ranked 38th). The economic structure is also diverged, with Bulgaria's exports accounting for 55.8% of GDP, in stark contrast to Cyprus, where exports make up a remarkable 96.7% of GDP, representing the 16th highest globally. Import ratios further highlight economic activity, with Bulgaria at 53.5% of GDP and Cyprus at 93.1% (17th globally). Bulgaria's inflation rate is recorded at 2.4%, whereas Cyprus manages a lower rate of 1.8%, indicating potential economic stability.

Trade and Investment

When examining trade and investment, Cyprus outshines Bulgaria in several key indicators. High-technology exports for Bulgaria are valued at $3.2 billion (ranked 57th), significantly higher than Cyprus's $107.3 million (ranked 81st). The balances in current accounts further illustrate Bulgaria's -1.8% (ranked 76th) versus Cyprus's adverse -8.4% (103rd), indicating structural differences in trade dynamics. Both countries show a comparative reliance on foreign trade, though Cyprus ranks significantly higher in terms of export efficiency.

Governance and Institutions

In governance, Bulgaria and Cyprus present contrasting efficacy across various dimensions. Cyprus shines in control of corruption with a score of 0.3, ranking 60th, compared to Bulgaria’s -0.1 (ranked 79th), indicating governance challenges. Government effectiveness surfaces similarly, where Cyprus leads with a score of 0.7 (52nd), whereas Bulgaria scores only 0 (76th). The regulatory quality also diverges, with Cyprus achieving 0.8 (52nd) against Bulgaria's 0.4 (75th). The rule of law measures indicate Bulgaria at -0 (79th) compared to Cyprus’s 0.6 (56th), suggesting stronger legal frameworks in Cyprus. Both countries experience relatively similar levels of political stability, but Bulgaria's higher military expenditure of $1.9 billion (53rd rank) indicates possible priorities in defense over public services.

Infrastructure and Technology

Examining infrastructure and technology, Bulgaria demonstrates a strong penetration of internet usage at 80.4% (ranked 83rd), although it remains lower than Cyprus's 91.2% (42nd). The logistics performance index, which reflects the quality of the infrastructure environment, places Bulgaria at 3.1 (22nd ranking) compared to Cyprus's lower scale of 2.8 (27th), creating further questions on Bulgaria's infrastructure capabilities in supporting trade and investment. Patent applications in Bulgaria reached 165, showcasing innovation efforts, while Cyprus's single application reflects limited domestic innovation output.

Environment and Sustainability

In terms of environmental sustainability, Bulgaria has a competitive edge regarding renewable energy consumption, with a rate of 20.4% (14th globally) compared to Cyprus’s 15.6% (ranked 21st). The level of water stress shows Bulgaria at 37.5% (4th) versus Cyprus at 32.1% (6th), revealing Bulgaria's greater sensitivity to freshwater resource management. Additionally, both countries exhibit similar total greenhouse gas emissions rates, with Bulgaria at 8.3 t CO2e/capita (33rd) and Cyprus at 7.7 t CO2e/capita (40th), pointing towards comparative challenges in addressing climate change impacts and emissions reduction strategies.