Cyprus Cyprus vs France France development indicators, 2024

Indicator
Cyprus
Cyprus, Value
France
France, Value
Cyprus
Cyprus, Rank
France
France, Rank
Cyprus Cyprus as % of
France France
Current account balance (% of GDP) -8.39 0.392 100 49
Exports of goods and services (% of GDP) 96.7 33.2 7 75 291 %
GDP per capita (current US$) 38,654 46,150 32 26 83.8 %
GDP per capita, PPP (current international US$) 61,240 61,322 29 28 99.9 %
Imports of goods and services (% of GDP) 93.1 34 10 85 274 %
Inflation, consumer prices (annual %) 1.8 2 117 114 90.1 %
Net migration 8,138 90,527 48 20 8.99 %
Population, total 1,358,282 68,516,699 157 23 1.98 %

Demography and Health

In terms of demography, Cyprus has a birth rate of 10.8 per 1,000 people, which is slightly higher than France's 9.9, placing Cyprus 7th globally compared to France's 19th rank. The death rate in Cyprus stands at 7.1 per 1,000 people, which is lower than France's 9.2, giving Cyprus the 75th ranking against France's 65th. Life expectancy in Cyprus is 81.6 years, trailing France's 82.9 years, which ranks 31st versus France's 11th. The under-5 mortality rate in Cyprus is 3.5 per 1,000 live births, also better than France's 4.3 (42nd vs 19th place globally). Net migration for Cyprus stands at 8,138, while France experiences significantly higher migration with 90,527. Despite Cyprus having a lower poverty headcount ratio at 13.9%, compared to France's 15.6%, both nations face similar challenges regarding undernourishment, with both showing a prevalence of 2.5%.

Economy

Evaluating the economies, Cyprus exhibits a notably high export ratio at 96.7% of GDP, significantly higher than France's 33.2%, marking it 16th globally versus France's 105th. Cyprus's GDP per capita is $38,654, while France's GDP per capita is $46,150, with France ranking 37th compared to Cyprus's 45th. In terms of purchasing power parity (PPP), Cyprus is at $61,240, closely trailing France's $61,322. Inflation in Cyprus is relatively low at 1.8% compared to France's 2%, giving them ranks of 98th and 93rd respectively. While Cyprus has a better unemployment rate of 5.8% compared to France's 7.3%, it ranks lower in its current account balance at -8.4%, showing a weaker economic position relative to France's 0.4% surplus. Furthermore, Cyprus’s government health expenditure is 8.9% of GDP, less than France’s 11.9%.

Trade and Investment

Cyprus appears more export-oriented with its goods and services exports constituting 96.7% of its GDP, a strong contrast to France's 33.2%. This disparity indicates Cyprus's economic reliance on trade. Additionally, with high-technology exports valued at $107.3 million, Cyprus ranks 81st globally, whereas France leads significantly with $115.3 billion, ranking 4th. Cyprus's import percentage at 93.1% of GDP also surpasses France's 34%, further emphasizing its trade-oriented economy. However, the level of research and development expenditure is considerably lower in Cyprus at 0.7% compared to France's 2.2%, indicating potential areas for improvement in innovation and investment.

Governance and Institutions

In governance, Cyprus scores relatively lower on indicators of institutional effectiveness. The control of corruption is rated at 0.3 in Cyprus, contrasting with France’s score of 1.2, where both countries rank at 60th and 32nd respectively. Government effectiveness also displays a similar trend with Cyprus at 0.7, and France at 1.1, positioning Cyprus at 52nd globally versus France's 31st rank. Concerning political stability and the absence of violence, Cyprus scores slightly higher with 0.4 compared to France's 0.3, showing a marginally more stable environment. The regulatory quality and rule of law also favor France, illustrating a more robust institutional framework compared to Cyprus.

Infrastructure and Technology

Infrastructure in Cyprus has a logistics performance index of 2.8, compared to France's higher rating of 3.8, indicating stronger trade and transport-related infrastructure in France. Furthermore, internet usage in Cyprus is at 91.2% of the population, which is relatively higher than France's 86.8%, suggesting better digital connectivity in Cyprus. However, the low number of patent applications in Cyprus (1) starkly contrasts with France's 13,386, which signifies a significant gap in innovation capabilities and intellectual property activity between the two countries.

Environment and Sustainability

On environmental metrics, Cyprus encounters a higher level of water stress with 32.1% of freshwater resources withdrawn, against France’s 21.6%. This indicates more intense pressure on water resources in Cyprus. In terms of renewable energy consumption, Cyprus uses 15.6% of its total energy, slightly less than France's 16.2%, positioning both countries in a close range for sustainable energy initiatives. The total greenhouse gas emissions per capita are higher in Cyprus at 7.7 tons CO2e, compared to France's 5.6 tons, suggesting a need for improved environmental policies in Cyprus to address carbon emissions more effectively.