Croatia Croatia vs Italy Italy development indicators, 2024

Indicator
Croatia
Croatia, Value
Italy
Italy, Value
Croatia
Croatia, Rank
Italy
Italy, Rank
Croatia Croatia as % of
Italy Italy
Current account balance (% of GDP) -1.13 1.13 63 45
Exports of goods and services (% of GDP) 49.8 32.7 39 77 152 %
Foreign direct investment, net inflows (% of GDP) 5.04 0.918 21 74 549 %
GDP per capita (current US$) 23,931 40,226 50 28 59.5 %
GDP per capita, PPP (current international US$) 48,575 60,847 46 30 79.8 %
Imports of goods and services (% of GDP) 52.9 30.4 52 96 174 %
Inflation, consumer prices (annual %) 2.97 0.982 80 141 303 %
Net migration -5,186 95,246 139 19
Population, total 3,866,300 58,986,023 129 25 6.55 %

Demography and Health

Croatia’s birth rate stands at 8.3 per 1,000 people, which is higher than Italy’s rate of 6.4, placing Croatia at a rank of 54 and Italy at 81. Conversely, Croatia faces a higher death rate of 13.3 per 1,000 people compared to Italy’s 11.2, ranking 21 and 38 respectively. Life expectancy reflects the quality of healthcare and living conditions, with Croatia’s life expectancy at 78.5 years significantly lower than Italy’s at 83.7 years, ranking Croatia at 56 and Italy at 2. The mortality rate for children under 5 in Croatia is 4.6 per 1,000 live births, compared to Italy’s more favorable rate of 2.8, indicating better child health outcomes in Italy. Croatia’s net migration is negative at -5,186, highlighting a trend of emigration, while Italy has a positive migration with an influx of 95,246 individuals.

Economy

Croatia's GDP per capita stands at $23,931, significantly lower than Italy’s $40,226. In terms of purchasing power parity (PPP), Croatia’s GDP per capita is $48,575, while Italy’s is higher at $60,847. The inflation rate in Croatia is at 3%, which is higher than Italy’s 1%. Exports of goods and services represent 49.8% of Croatia's GDP, indicating a strong reliance on international trade, compared to Italy’s 32.7%. However, Croatia's imports as a percentage of GDP at 52.9% exceed Italy’s 30.4%, revealing a notable trade imbalance.

Trade and Investment

Croatia ranks 25th globally for net inflows of foreign direct investment, accounting for 5% of its GDP, a significant advantage over Italy’s 0.9%, which ranks 86th. High-technology exports are a key area where Croatia lags behind; with only $1.7 billion compared to Italy's impressive $52.2 billion, Croatia ranks 72nd while Italy sits at 15th. The current account balance for Croatia is at -1.1% of GDP, compared to Italy's surplus of 1.1%, underscoring Italy's stronger economic stability.

Governance and Institutions

Both countries exhibit similar ratings in government effectiveness and regulatory quality, with Croatia slightly ahead in effectiveness (0.7 vs 0.6) and equal in regulatory quality (0.6). Croatia has a higher control of corruption index at 0.2 compared to Italy's 0.6, suggesting greater concerns over corruption in Croatia. Croatia ranks lower in political stability and absence of violence/terrorism, both countries scoring 0.6, but with distinct ranks (50 for Croatia and 53 for Italy). The rule of law is another area of concern for Croatia, scoring 0.4 while Italy remains slightly better at 0.4, ranked 72 and 69 respectively.

Infrastructure and Technology

In terms of infrastructure assessments, Croatia ranks lower with a logistics performance index of 3 compared to Italy's 3.8, indicating better trade and transport-related infrastructure in Italy. Additionally, internet usage in Croatia is slightly lower at 83.2% compared to 87% in Italy, highlighting a technological gap.

Environment and Sustainability

Croatia is performing better in renewable energy consumption, with 34.1% of its total energy coming from renewable sources compared to Italy’s 17.5%. This places Croatia 7th in global ranks against Italy's 18th. However, the level of water stress in Croatia is considerably lower than in Italy, with a score of 1.5% compared to 29.6%, suggesting better management of water resources in Croatia. Emissions per capita are similar, with Croatia at 6.5 and Italy at 6.3 tons of CO2 equivalent per capita.