Cyprus vs Italy development indicators, 2024

Demography and Health

Cyprus exhibits a higher birth rate at 10.8 per 1,000 people compared to Italy’s 6.4, ranking it significantly better for population growth (7th vs. 81st). The death rate in Cyprus is lower at 7.1 compared to Italy's 11.2, indicating comparatively better life expectancy and health outcomes. Life expectancy at birth in Cyprus stands at 81.6 years, while Italy boasts a higher life expectancy of 83.7 years, placing it 2nd globally. Cyprus has a mortality rate of 3.5 under-5 deaths per 1,000 live births, better than Italy's 2.8, although both countries rank closely (42nd and 62nd respectively). With a net migration figure of 8,138, Cyprus faces less population influx compared to Italy with 95,246, indicating a lesser degree of diversity. Poverty metrics show that 13.9% of Cypriots live below national poverty lines, while Italy has a higher rate at 20.1%, again showcasing Cyprus's relative economic stability.

Economy

In terms of economic output, Cyprus’s GDP per capita is recorded at $38,654, slightly lower than Italy’s $40,226, placing Cyprus at 45th and Italy at 42nd globally. However, when adjusted for purchasing power parity (PPP), Cyprus fares slightly better with $61,240 compared to Italy’s $60,847, ranking 38th against Italy's 39th. The exports of goods and services in Cyprus contribute 96.7% to the GDP, starkly higher than Italy’s 32.7%, marking Cyprus as a significant player in international trade despite its smaller economy. Conversely, imports are also higher in Cyprus at 93.1% of GDP compared to Italy's 30.4%. Inflation is relatively more benign in Cyprus at 1.8% compared to Italy's 1%.

Trade and Investment

Cyprus's high-technology exports are modest at $107.3 million, in stark contrast to Italy, which has high-tech exports valued at $52.2 billion, indicating Italy’s advanced manufacturing and technology sectors. Additionally, Cyprus ranks poorly in patent applications, recording merely one, while Italy has an impressive 10,281, highlighting a significant disparity in innovation and intellectual property activity. The logistics performance index illustrates a gap in trade and transport-related infrastructure, where Cyprus scores lower at 2.8 compared to Italy’s 3.8, emphasizing Italy's superior logistics capabilities.

Governance and Institutions

Governance quality reveals interesting comparisons: Cyprus has a slightly better rank in control of corruption (0.3 vs. Italy's 0.6), along with government effectiveness (0.7 vs. 0.6). However, in terms of political stability and absence of violence/terrorism, Cyprus ranks lower (0.4) than Italy (0.6), suggesting that Italy has experienced slightly fewer political disturbances. Furthermore, the regulatory quality in Cyprus is evaluated at 0.8 compared to 0.6 for Italy, indicating stronger regulatory frameworks in Cyprus. The rule of law is similarly stronger in Cyprus (0.6) relative to Italy (0.4). Finally, the unemployment rate is lower in Cyprus at 5.8% versus Italy at 7.6%, suggesting a more robust job market in the former.

Infrastructure and Technology

Cyprus shows a moderately good integration of technology with 91.2% of the population using the internet, better than Italy's 87%. This indicates a growing digital landscape in Cyprus. On the other hand, the logistics performance index, which assesses the quality of trade and transport-related infrastructure, reveals challenges for Cyprus (2.8) compared to Italy (3.8), pointing to Italy’s more developed transport networks crucial for economic activities.

Environment and Sustainability

In terms of environmental performance, both Cyprus and Italy witness similar levels of undernourishment, with 2.5% of the population affected in both nations. Cyprus's renewable energy consumption is at 15.6% of total energy consumption, lower than Italy's 17.5%, suggesting a more aggressive approach by Italy toward sustainable energy uptake. Italy's total greenhouse gas emissions per capita is lower at 6.3 t CO2e/capita compared to Cyprus’s 7.7, indicating Italy's slightly better environmental management practices. Cyprus faces a 32.1% water stress level, slightly higher than Italy's 29.6%, which highlights the challenges both nations encounter concerning water resource management.