Cyprus Cyprus vs Poland Poland development indicators, 2024

Indicator
Cyprus
Cyprus, Value
Poland
Poland, Value
Cyprus
Cyprus, Rank
Poland
Poland, Rank
Cyprus Cyprus as % of
Poland Poland
Current account balance (% of GDP) -8.39 0.196 100 52
Exports of goods and services (% of GDP) 96.7 52.3 7 37 185 %
GDP per capita (current US$) 38,654 25,023 32 48 154 %
GDP per capita, PPP (current international US$) 61,240 50,378 29 42 122 %
Imports of goods and services (% of GDP) 93.1 48.3 10 58 193 %
Inflation, consumer prices (annual %) 1.8 3.79 117 56 47.5 %
Net migration 8,138 -238,062 48 207
Population, total 1,358,282 36,554,707 157 42 3.72 %

Demography and Health

Cyprus has a higher birth rate (10.8 per 1,000 people) compared to Poland (7.4), indicating a relatively younger population or more favorable conditions for family growth. Meanwhile, Cyprus has a significantly lower death rate (7.1) than Poland (11.1), suggesting a healthier population overall. Additionally, life expectancy at birth is higher in Cyprus (81.6 years) than in Poland (78.5 years), reflecting better healthcare. The under-five mortality rate is also lower in Cyprus (3.5 per 1,000 live births) as opposed to Poland (4.4), showcasing the effectiveness of child healthcare services. Furthermore, Cyprus has a net migration of 8,138, while Poland experiences a negative migration balance of -238,062, which can affect population growth and labor market dynamics.

Economy

Cyprus boasts a significantly higher GDP per capita (US$ 38,654) compared to Poland (US$ 25,023), reflecting a more affluent economy. Its GDP per capita based on purchasing power parity (PPP) is also higher at US$ 61,240 against Poland's US$ 50,378. Although Cyprus' economy is smaller, it shows remarkable reliance on exports, with exports of goods and services making up 96.7% of GDP compared to Poland's 52.3%. However, Cyprus has a current account balance of -8.4% of GDP, indicating that it imports more than it exports, which could be a potential economic vulnerability.

Trade and Investment

Cyprus ranks significantly higher in terms of high-technology exports (US$ 107.3 million) compared to Poland’s US$ 29.6 billion, illustrating its specialized ventures within a niche market. Cyprus’ imports, at 93.1% of GDP, are also considerably higher than Poland’s 48.3%. Despite smaller figures, the relatively high percentages suggest a strong import-oriented economy within Cyprus, which may indicate high local demand despite its smaller population.

Governance and Institutions

In governance indicators, Cyprus performs relatively well. The control of corruption metric reveals Cyprus at 0.3, which, while lower than Poland's 0.6, still demonstrates a relatively moderate level of corruption. Government effectiveness is notably higher in Cyprus (0.7) compared to Poland (0.4), suggesting more efficient government services. Both countries rank similarly in regulatory quality (0.8), but Cyprus performs slightly better than Poland (0.5) in rule of law. Political stability is also marginally stronger in Poland (0.6) than in Cyprus (0.4), reflecting different political experiences in both nations.

Infrastructure and Technology

Cyprus scores lower on the logistics performance index (2.8) compared to Poland (3.5), indicating that while both countries have developed transport infrastructures, Poland's system may be more efficient. Internet penetration is high in Cyprus (91.2% of the population) and also fairly high in Poland (86.4%), pointing to a tech-savvy populace in both nations.

Environment and Sustainability

In terms of environmental metrics, both countries report a similar prevalence of undernourishment (2.5%). Cyprus has a marginally higher renewable energy consumption rate (15.6%) compared to Poland (15.2%). However, Cyprus emits much lower total greenhouse gas emissions (7.7 t CO2e/capita) compared to Poland (9.9 t CO2e/capita). Both countries have managed freshwater stress levels effectively, with Cyprus at 32.1% and Poland similarly at 32.1%. These figures reflect a proactive approach to sustainability challenges in resource management.