Cyprus Cyprus vs Slovenia Slovenia development indicators, 2024

Indicator
Cyprus
Cyprus, Value
Slovenia
Slovenia, Value
Cyprus
Cyprus, Rank
Slovenia
Slovenia, Rank
Cyprus Cyprus as % of
Slovenia Slovenia
Current account balance (% of GDP) -8.39 4.46 100 25
Exports of goods and services (% of GDP) 96.7 81.5 7 12 119 %
GDP per capita (current US$) 38,654 34,089 32 36 113 %
GDP per capita, PPP (current international US$) 61,240 56,531 29 34 108 %
Imports of goods and services (% of GDP) 93.1 74.9 10 16 124 %
Inflation, consumer prices (annual %) 1.8 1.97 117 115 91.6 %
Net migration 8,138 3,319 48 60 245 %
Population, total 1,358,282 2,126,324 157 148 63.9 %

Demography and Health

In terms of demographic indicators, Cyprus has a birth rate of 10.8 per 1,000 people, while Slovenia's is notably lower at 8 per 1,000. This places Cyprus in a more favorable position regarding population growth (7th vs. 64th rank). However, Cyprus scores lower in mortality rates, with a crude death rate of 7.1 compared to Slovenia’s higher rate of 10.2 (75th vs. 49th rank). Life expectancy is slightly lower in Cyprus at 81.6 years compared to Slovenia's 82 years, reflecting Slovenia's better overall health status (31st vs. 24th rank). The under-5 mortality rate also shows Cyprus with 3.5 per 1,000 live births compared to Slovenia's 2.2, indicating an advantage for Slovenia in child health. Furthermore, Cyprus experiences a net migration of 8,138 compared to Slovenia's 3,319, indicating a more dynamic demographic shift in Cyprus.

Economy

Economically, Cyprus performs exceptionally well, with exports of goods and services constituting 96.7% of GDP, compared to Slovenia’s 81.5%, indicating a robust export-driven economy (16th vs. 34th rank). The GDP per capita for Cyprus is higher at $38,654 than Slovenia's $34,089 (45th vs. 52nd rank), yet the GDP per capita in terms of purchasing power parity is also superior for Cyprus at $61,240 against Slovenia's $56,531 (38th vs. 49th rank). However, Cyprus faces challenges, with a higher inflation rate of 1.8% compared to Slovenia's 2%. In terms of overall economic stability, Cyprus has a negative current account balance of -8.4%, whereas Slovenia maintains a positive balance of 4.5%, reflecting differing levels of economic management (103rd vs. 27th rank).

Trade and Investment

Cyprus attracts significant foreign investment, as evident in its high exports of high-technology products, reaching $107.3 million against Slovenia's substantial $4.2 billion. This reflects a strategic difference in their approaches to high-value exports, with Slovenia ranking better in exports due to volume (81st vs. 51st rank). Import-wise, Cyprus also leads in imports, at 93.1% of GDP, compared to Slovenia’s 74.9% (17th vs. 41st rank). Both countries rank within a reasonable range for patent applications, with Cyprus at 27 compared to Slovenia’s 17, but this indicates a need for improvement in innovation in Cyprus.

Governance and Institutions

Governance in Slovenia appears generally stronger than in Cyprus across several metrics. Slovenia ranks better in Control of Corruption (0.8 vs. 0.3), Government Effectiveness (1 vs. 0.7), and the Rule of Law (1 vs. 0.6). Political stability is also more pronounced in Slovenia (0.8 vs. 0.4), placing it ahead in terms of governance quality (22nd vs. 68th rank). Furthermore, Slovenia shows lower unemployment rates at 3.7%, compared to Cyprus's 5.8%, again suggesting stronger economic governance.

Infrastructure and Technology

From an infrastructure perspective, Slovenia demonstrates superior logistics performance with a score of 3.6 compared to Cyprus's 2.8, indicating better trade and transport infrastructure (13th vs. 27th rank). Digital accessibility is comparable, with internet usage at 91.2% in Cyprus versus 90.4% in Slovenia, reflecting a high level of technological penetration in both nations.

Environment and Sustainability

Environmental sustainability presents mixed results for both countries. Cyprus has a renewable energy consumption rate of 15.6%, which is significantly lower than Slovenia's 23.4% (21st vs. 11th rank). Water stress is notably more acute in Cyprus, with 32.1% of freshwater resources withdrawn compared to Slovenia's 6.3%, indicating a more severe challenge to water resource management (6th vs. 21st rank). Greenhouse gas emissions per capita are similar, with Cyprus at 7.7 t CO2e/capita and Slovenia at 7.5 t, suggesting similar environmental impacts but differing positions on long-term sustainability approaches.