Cyprus vs Luxembourg development indicators, 2024

Demography and Health

In terms of demographic indicators, Cyprus has a birth rate of 10.8 per 1,000 people, ranking 7th, while Luxembourg’s birth rate is lower at 9.5, ranking 28th. The death rate in Cyprus is 7.1, ranked 75th, compared to Luxembourg's 6.6, which is ranked 80th. Life expectancy in Cyprus stands at 81.6 years, placing it 31st, but is slightly lower than Luxembourg’s 83.4 years, which ranks 4th. The under-5 mortality rate in Cyprus is at 3.5 deaths per 1,000 live births, a relatively good performance, yet it outpaces Luxembourg’s rate of 2.3. Cyprus also has a net migration number of 8,138, which is higher than Luxembourg’s 5,677.

Economy

Economically, Cyprus shows a GDP per capita of $38,654 (ranked 45th) which is significantly lower than Luxembourg’s impressive $137,517 (ranked 1st). When it comes to GDP per capita based on purchasing power parity (PPP), Cyprus's figure is $61,240, ranked 38th, again trailing behind Luxembourg’s $150,772. In inflation rates, Cyprus sees a more favorable 1.8% compared to Luxembourg's slightly higher 2.1%. The unemployment rate in Cyprus is 5.8%, being ranked 41st, compared to the slightly better rate of 5.2% in Luxembourg, ranked 51st.

Trade and Investment

In the context of trade, Cyprus has substantial exports of goods and services amounting to 96.7% of GDP, ranking 16th, much less than Luxembourg's 216% (ranked 4th). Imports are also significant in Cyprus, at 93.1% of GDP (ranked 17th), inferior to Luxembourg’s 183% (ranked 3rd). However, the issue of foreign direct investment reflects concern in Cyprus, with net inflows at -10.5% of GDP (ranked 98th), while Luxembourg faces an even more negative situation at -71.7% (ranked 104th).

Governance and Institutions

In terms of governance, Luxembourg showcases significantly stronger performance across various indices compared to Cyprus. The Control of Corruption index rates Cyprus at 0.3 (ranked 60th) whereas Luxembourg excels with a rating of 1.9 (ranked 11th). On Government Effectiveness, Cyprus scores 0.7 (52nd), while Luxembourg again leads with 1.9 (5th). The Political Stability and Absence of Violence index sees Cyprus at 0.4 (68th) versus Luxembourg’s 1.1 (3rd). In measurements of Regulatory Quality, Cyprus stands at 0.8 (52nd), while Luxembourg is rated much higher at 1.9 (1st). The Rule of Law in Cyprus is rated at 0.6 (56th), while Luxembourg rates at 1.8 (8th).

Infrastructure and Technology

When considering infrastructure, the logistics performance index suggests Cyprus is at 2.8 (ranked 27th), while Luxembourg’s efficient systems score 3.6 (ranked 13th). In terms of research and development expenditure as a percentage of GDP, Cyprus invests 0.7%, ranked 50th, in contrast to Luxembourg’s higher investment of 1%, which ranks 42nd. Patent applications from Cyprus were notably low, with just 1 application in 2021 (ranked 27th), compared to Luxembourg's impressive 112 patent applications (ranked 20th).

Environment and Sustainability

On environmental fronts, both countries have a low prevalence of undernourishment at 2.5%. However, Cyprus faces a water stress index with a withdrawal proportion of 32.1%, placing it at 6th in climate stresses, while Luxembourg manages a much lower ratio at 4, ranked 22nd. The renewable energy consumption in Cyprus is at 15.6%, ranked 21st, compared to Luxembourg’s 20.5%. In terms of greenhouse gas emissions per capita, Cyprus emits 7.7 tons, which ranks it at 40th compared to Luxembourg’s 11.8 tons (ranked 4th). Finally, the suicide mortality rate in Cyprus is relatively low at 3 per 100,000, positioned at 27th, while Luxembourg sees a slightly higher rate of 8.2 (ranked 23rd).