Bulgaria Bulgaria vs Lithuania Lithuania development indicators, 2024

Indicator
Bulgaria
Bulgaria, Value
Lithuania
Lithuania, Value
Bulgaria
Bulgaria, Rank
Lithuania
Lithuania, Rank
Bulgaria Bulgaria as % of
Lithuania Lithuania
Current account balance (% of GDP) -1.79 2.48 71 35
Exports of goods and services (% of GDP) 55.8 74.1 33 19 75.3 %
Foreign direct investment, net inflows (% of GDP) 3.12 4.24 40 24 73.6 %
GDP per capita (current US$) 17,412 29,386 62 44 59.3 %
GDP per capita, PPP (current international US$) 41,086 54,414 56 37 75.5 %
Imports of goods and services (% of GDP) 53.5 68.9 49 24 77.6 %
Inflation, consumer prices (annual %) 2.45 0.716 97 145 342 %
Net migration 524 2,617 74 61 20 %
Population, total 6,444,366 2,888,055 110 138 223 %

Demography and Health

Bulgaria and Lithuania exhibit distinct demographic and health characteristics. As of 2023, Bulgaria's birth rate stands at 8.9 per 1,000 people, higher than Lithuania's 7.2, ranking Bulgaria 45th and Lithuania 74th globally. However, Bulgaria has a higher death rate at 15.7 per 1,000 compared to Lithuania's 12.9, placing Bulgaria 9th and Lithuania 23rd. Life expectancy at birth is also lower in Bulgaria at 75.7 years versus Lithuania's 77 years, with Bulgaria ranking 69th and Lithuania 62nd. The under-5 mortality rate reflects similar disparities, with Bulgaria at 6.1 per 1,000 live births (6th rank) and Lithuania significantly lower at 3.4 (47th rank). In terms of healthcare resources, both countries have a similar number of physicians per 1,000 people, with Bulgaria at 4.9 and Lithuania at 5.1.

Economy

The economic landscapes of Bulgaria and Lithuania present notable differences. Bulgaria's GDP per capita in 2024 is projected at $17,412, compared to Lithuania's $29,386, placing Bulgaria 103rd and Lithuania 63rd in the world. Adjusted for purchasing power parity (PPP), Bulgaria's GDP per capita is $41,086 against Lithuania's $54,414, with rankings of 95th and 53rd respectively. Bulgaria's inflation rate is higher at 2.4% compared to Lithuania's 0.7%, indicating more economic pressure in Bulgaria. The net migration figures highlight a stronger outflow from Bulgaria (524) compared to Lithuania (2,617), which could affect labor markets and economic growth. Furthermore, both countries have a similar foreign direct investment (FDI) inflow as a percentage of GDP, where Bulgaria is at 3.1% and Lithuania at 4.2%, ranking 56th and 34th respectively.

Trade and Investment

Trade and investment dynamics reveal significant differences between the two nations. Exporting goods and services constitutes a larger percentage of Lithuania’s GDP (74.1%) compared to Bulgaria's 55.8%, with Bulgaria ranking 68th and Lithuania 45th. Imports as a percentage of GDP also reflect Lithuania's more integrated trade; it stands at 68.9%, while Bulgaria is at 53.5%, ranking 68th and 48th respectively. The high-technology export figures show a substantial difference as well, with Bulgaria exporting $3.2 billion and Lithuania $3.7 billion. Both countries are actively involved in technology and innovation, seen through their respective numbers of patent applications, where Bulgaria leads with 165 applications against Lithuania’s 81 applications in 2021.

Governance and Institutions

The governance landscape in Bulgaria and Lithuania demonstrates differing levels of effectiveness and control of corruption. Both countries struggle with issues of political stability, but Lithuania fares better, with a score of 0.7 in Political Stability and Absence of Violence/Terrorism, compared to Bulgaria's 0.3. Governance effectiveness scores further highlight successes as Lithuania holds a score of 1.1 while Bulgaria remains at 0. This trend continues with the Rule of Law and Regulatory Quality, where Lithuania excels (1.3) compared to Bulgaria (-0). Corruption control is also starkly illustrated by Bulgaria's -0.1 against Lithuania's 0.8, indicating a more favorable environment for governance in Lithuania.

Infrastructure and Technology

Both countries present challenges and strengths in infrastructure and technological adoption. The logistics performance index showcases Lithuania's slight advantage with a score of 3.5 over Bulgaria's 3.1, indicating better quality of trade and transport-related infrastructure. However, internet usage demonstrates high engagement in both nations, with Bulgaria at 80.4% and Lithuania at 88.5%, signifying robust digital integration for both populations.

Environment and Sustainability

In environmental metrics, Lithuania shows a stronger commitment to renewable energy, with 33.2% of total final energy consumption coming from renewable sources, compared to Bulgaria's 20.4%. Both countries share the same prevalence of undernourishment at 2.5%. However, Bulgaria faces a significant level of stress on its freshwater resources, with 37.5% of freshwater withdrawal as a proportion of available resources, placing it 4th globally, while Lithuania is less pressured at only 1.8%. In terms of greenhouse gas emissions, Bulgaria emits 8.3 t CO2e per capita compared to Lithuania’s 7.2 t CO2e, indicating a higher environmental impact per individual in Bulgaria.