Croatia Croatia vs Slovenia Slovenia development indicators, 2024

Indicator
Croatia
Croatia, Value
Slovenia
Slovenia, Value
Croatia
Croatia, Rank
Slovenia
Slovenia, Rank
Croatia Croatia as % of
Slovenia Slovenia
Current account balance (% of GDP) -1.13 4.46 63 25
Exports of goods and services (% of GDP) 49.8 81.5 39 12 61.1 %
Foreign direct investment, net inflows (% of GDP) 5.04 2.69 21 44 187 %
GDP per capita (current US$) 23,931 34,089 50 36 70.2 %
GDP per capita, PPP (current international US$) 48,575 56,531 46 34 85.9 %
Imports of goods and services (% of GDP) 52.9 74.9 52 16 70.6 %
Inflation, consumer prices (annual %) 2.97 1.97 80 115 151 %
Net migration -5,186 3,319 139 60
Population, total 3,866,300 2,126,324 129 148 182 %

Demography and Health

Croatia has a birth rate of 8.3 per 1,000 people, slightly higher than Slovenia's rate of 8. Despite this, Croatia's crude death rate is notably higher at 13.3 per 1,000 people compared to Slovenia’s 10.2, indicating a more significant demographic challenge. Life expectancy in Croatia stands at 78.5 years, below Slovenia's 82 years, suggesting better health outcomes in Slovenia. The under-5 mortality rate reveals a similar trend, with Croatia at 4.6 per 1,000 live births versus Slovenia's 2.2. Furthermore, both countries have a prevalence of undernourishment at 2.5%, highlighting food security. Croatia faces a net migration outflow (-5186), while Slovenia sees a net inflow (3319), affecting population dynamics and demographic structures.

Economy

In terms of economic output, Croatia's GDP per capita is $23,931, lower than Slovenia's $34,089. This disparity extends to purchasing power parity (PPP), with Croatia at $48,575 compared to Slovenia's $56,531. High-technology exports reveal a significant gap as well, with Croatia exporting $1.7 billion compared to Slovenia's $4.2 billion. Additionally, Croatia’s consumer price inflation rate is at 3%, which is higher than Slovenia's 2%, indicating a relatively stable price environment in Slovenia. Economic imbalances are also reflected in foreign direct investment net inflows as a percentage of GDP; Croatia stands at 5%, outperforming Slovenia's 2.7%.

Trade and Investment

Examining trade, Croatia's exports of goods and services constitute 49.8% of GDP, which is below Slovenia's impressive 81.5%. In contrast, imports are also lower in Croatia at 52.9% of GDP compared to Slovenia's 74.9%. Current account balances differ significantly, with Croatia showing a deficit of -1.1% while Slovenia maintains a surplus of 4.5%, indicating that Slovenia has a more favorable balance of international economic transactions. In terms of logistics performance, Croatia scores 3.0 while Slovenia scores higher at 3.6 on a scale of 1 to 5, suggesting more efficient trade and transport infrastructure in Slovenia.

Governance and Institutions

Croatia's rankings in governance indicate some challenges, with a Control of Corruption score of 0.2, significantly behind Slovenia’s 0.8. Government effectiveness in Croatia is rated at 0.7 compared to Slovenia’s higher rating of 1.0, pointing to more efficient administration in Slovenia. The political stability index shows Croatia at 0.6 against Slovenia’s 0.8, indicating a more stable political environment in Slovenia. On the rule of law front, Croatia’s score of 0.4 contrasts sharply with Slovenia’s 1.0, suggesting stronger legal frameworks and enforcement in Slovenia.

Infrastructure and Technology

Croatia has a logistics performance index of 3.0, which is lower than Slovenia's 3.6, indicating further development needed in trade-related infrastructure. The rate of individuals using the Internet illustrates a digital divide, with Croatia at 83.2% compared to Slovenia’s more advanced 90.4%. In terms of research and development, Croatia invests 1.4% of its GDP, while Slovenia invests a higher 2.1%, indicating a stronger focus on innovation and technological advancement in Slovenia. Patent applications also reflect this trend, with Croatia filing 77 patents compared to Slovenia's 222 applications.

Environment and Sustainability

Croatia leads in renewable energy consumption, with 34.1% of total final energy consumption sourced from renewables, surpassing Slovenia’s 23.4%. Nonetheless, the level of water stress is a concern for both countries. Croatia experiences relatively low water stress at 1.5% of available freshwater resources, while Slovenia grapples with a higher rate of 6.3%. Regarding total greenhouse gas emissions per capita, Croatia emits 6.5 tons of CO2 equivalent versus Slovenia's 7.5 tons, indicating a slightly more favorable position for Croatia in terms of emissions. Nonetheless, both countries must strive for improved sustainability and environmental protection, given their respective challenges and resource management issues.