Croatia Croatia vs Slovakia Slovakia development indicators, 2024

Indicator
Croatia
Croatia, Value
Slovakia
Slovakia, Value
Croatia
Croatia, Rank
Slovakia
Slovakia, Rank
Croatia Croatia as % of
Slovakia Slovakia
Current account balance (% of GDP) -1.13 -2.75 63 80 41.3 %
Exports of goods and services (% of GDP) 49.8 85.2 39 9 58.4 %
Foreign direct investment, net inflows (% of GDP) 5.04 2.53 21 46 200 %
GDP per capita (current US$) 23,931 26,148 50 46 91.5 %
GDP per capita, PPP (current international US$) 48,575 47,181 46 49 103 %
Imports of goods and services (% of GDP) 52.9 85 52 11 62.2 %
Inflation, consumer prices (annual %) 2.97 2.76 80 92 108 %
Net migration -5,186 -21,027 139 170 24.7 %
Population, total 3,866,300 5,422,069 129 119 71.3 %

Demography and Health

Croatia has a crude birth rate of 8.3 per 1,000 people compared to Slovakia's 9, ranking 54th and 40th respectively. The death rate for Croatia is significantly higher at 13.3 per 1,000 people, placing it 21st, while Slovakia has a much lower death rate of 10, ranking 51st. Life expectancy in Croatia is 78.5 years, slightly higher than Slovakia's 78, positioning Croatia at 56th place and Slovakia at 57th. The under-5 mortality rate in Croatia also fares better at 4.6 per 1,000 live births versus Slovakia's 6.1, with rankings of 13th and 6th respectively. In terms of net migration, Croatia experienced a negative migration of -5,186, while Slovakia faced a larger outflow of -21,027, ranking 94th and 100th correspondingly. The prevalence of undernourishment is slightly better in Croatia at 2.5% compared to 3.6% in Slovakia.

Economy

Croatia's GDP per capita stands at $23,931, which is lower than Slovakia's $26,148. However, when adjusted for purchasing power parity (PPP), Croatia's GDP per capita is $48,575 as opposed to Slovakia's $47,181. Croatia's inflation rate is recorded at 3% compared to Slovakia's lower rate of 2.8%. In terms of unemployment, Croatia's rate is at 6.1%, slightly higher than Slovakia's 5.8%, with ranks of 37th and 40th respectively. The poverty headcount ratio at national lines shows that 18% of Croatia's population lives in poverty, compared to 13.7% in Slovakia, indicating better economic resilience in Slovakia.

Trade and Investment

When it comes to exports of goods and services as a percentage of GDP, Croatia's 49.8% is significantly lower than Slovakia's 85.2%. Croatia ranks 74th, while Slovakia ranks 29th. Croatia's imports are also substantial at 52.9% of GDP compared to Slovakia's 85%. In terms of foreign direct investment, Croatia stands at 5% of GDP which is favorable compared to Slovakia's 2.5%. Additionally, high-technology exports are a crucial area where Croatia has less impact, generating $1.7 billion compared to Slovakia's robust $10.1 billion, with respective ranks of 72nd and 41st. The current account balance presents Croatia with a slight deficit of -1.1% versus Slovakia's -2.7%, indicating a somewhat stronger economic position for Croatia in this aspect.

Governance and Institutions

In the realm of governance, Croatia has a control of corruption score of 0.2, while Slovakia scores slightly better at 0.3, with ranks of 67th and 62nd respectively. Croatia shows higher government effectiveness at 0.7, compared to Slovakia's meager 0.2, where they rank 54th and 74th. Political stability and absence of violence are equal for both countries at 0.6, ranking 50th and 56th respectively. However, in terms of the rule of law, Croatia lags behind, with a score of 0.4 compared to Slovakia's 0.6, reflecting ranks of 72nd and 59th. Regulatory quality appears similar with both countries scoring 0.6 and holding ranks of 64th and 65th.

Infrastructure and Technology

Croatia and Slovakia both show varying performance in infrastructure and technology. The logistics performance index indicates Croatia at 3.0, ranked 24th, contrasted with Slovakia's slightly better score of 3.3, ranked 20th. Croatia's research and development expenditure at 1.4% of GDP is better than Slovakia's 1%, although both countries rank similarly at 33rd and 41st. In terms of patent applications, Croatia has 77, while Slovakia leads with 146, ranking 23rd and 19th respectively. The military expenditure in Croatia totals $1.4 billion, significantly less than Slovakia's $2.7 billion, which reflects in their ranks of 55th and 48th.

Environment and Sustainability

Croatia excels in renewable energy consumption, utilizing 34.1% of its total final energy consumption from renewable sources, ranking 7th globally, while Slovakia stands at 17.9%, ranking 16th. The level of water stress in Croatia is more efficient at 1.5% of freshwater withdrawal compared to Slovakia's 2.4%. In terms of greenhouse gas emissions, Croatia emits 6.5 tons of CO2e per capita, which is lower than Slovakia's 8.3 tons, ranking 59th and 34th respectively. Overall, Croatia demonstrates a stronger commitment to sustainability practices compared to Slovakia, especially in renewable energy output.