Cyprus Cyprus vs Croatia Croatia development indicators, 2024

Indicator
Cyprus
Cyprus, Value
Croatia
Croatia, Value
Cyprus
Cyprus, Rank
Croatia
Croatia, Rank
Cyprus Cyprus as % of
Croatia Croatia
Current account balance (% of GDP) -8.39 -1.13 100 63 740 %
Exports of goods and services (% of GDP) 96.7 49.8 7 39 194 %
GDP per capita (current US$) 38,654 23,931 32 50 162 %
GDP per capita, PPP (current international US$) 61,240 48,575 29 46 126 %
Imports of goods and services (% of GDP) 93.1 52.9 10 52 176 %
Inflation, consumer prices (annual %) 1.8 2.97 117 80 60.6 %
Net migration 8,138 -5,186 48 139
Population, total 1,358,282 3,866,300 157 129 35.1 %

Demography and Health

Cyprus has a higher birth rate of 10.8 per 1,000 people compared to Croatia's 8.3, ranking it 7th globally while Croatia ranks 54th. In terms of mortality, Cyprus outperforms Croatia with a death rate of 7.1 against Croatia's 13.3, ranking 75th compared to Croatia's 21st. Life expectancy at birth is also higher in Cyprus at 81.6 years compared to Croatia's 78.5 years, with corresponding ranks of 31 and 56. The under-5 mortality rate in Cyprus is lower at 3.5 per 1,000 live births, compared to Croatia's 4.6, reflecting better child health outcomes. Overall, health expenditure as a percentage of GDP is also higher in Cyprus at 8.9% against Croatia's 7.2%.

Economy

Cyprus has a much higher GDP per capita, at $38,654 compared to Croatia's $23,931, ranking 45th and 80th respectively. Furthermore, in terms of GDP per capita in purchasing power parity (PPP), Cyprus ranks 38th at $61,240, while Croatia ranks 69th at $48,575. The inflation rate is lower in Cyprus at 1.8%, compared to 3% in Croatia. Cyprus also shows a robust export structure, with exports of goods and services accounting for 96.7% of GDP, significantly higher than Croatia's 49.8%, ranking 16th and 74th respectively. This reveals a more export-oriented economy in Cyprus.

Trade and Investment

Cyprus has a high level of imports as well, at 93.1% of GDP, again outperforming Croatia's 52.9%, ranking 17th compared to Croatia's 69th. High-technology exports in Cyprus are notable at $107.3 million, although still much lower than Croatia's $1.7 billion. The current account balance indicates a deficit for Cyprus at -8.4% of GDP compared to Croatia's -1.1%, where Croatia ranks more favorably at 69th. Despite this, Cyprus demonstrates a stronger overall trade framework.

Governance and Institutions

In terms of governance, Cyprus ranks relatively well with a control of corruption score of 0.3 compared to Croatia's 0.2. Both countries show similar government effectiveness scores at 0.7. However, Cyprus excels in regulatory quality with a score of 0.8, while Croatia stands at 0.6. When evaluating the rule of law, Cyprus ranks slightly better at 56th with a score of 0.6 against Croatia's 72nd with a score of 0.4. Political stability is higher in Croatia, producing a slightly better environment than Cyprus, which could reflect ongoing tensions related to the division of the island.

Infrastructure and Technology

Cyprus has a logistics performance index of 2.8, suggesting reasonable quality in trade and transport infrastructure, just below Croatia's 3. With respect to the digital landscape, Cyprus leads with a higher percentage of individuals using the Internet (91.2%) compared to Croatia (83.2%), showcasing a more digitally engaged population. However, the R&D expenditure as a percentage of GDP is lower in Cyprus at 0.7% compared to Croatia's 1.4%, indicating a potentially lesser emphasis on technological advancement and innovation in Cyprus.

Environment and Sustainability

From an environmental perspective, Cyprus has a renewable energy consumption rate of 15.6%, lower than Croatia's 34.1%. Additionally, Cyprus experiences a high level of water stress, withdrawing 32.1% of available freshwater resources, significantly more than Croatia's 1.5%, which is more sustainable. Although total greenhouse gas emissions per capita are higher for Cyprus at 7.7 tons of CO2e compared to Croatia's 6.5 tons, both countries still face challenges in terms of emissions and environmental health.