Czechia Czechia vs Croatia Croatia development indicators, 2024

Indicator
Czechia
Czechia, Value
Croatia
Croatia, Value
Czechia
Czechia, Rank
Croatia
Croatia, Rank
Czechia Czechia as % of
Croatia Croatia
Current account balance (% of GDP) 1.75 -1.13 43 63
Exports of goods and services (% of GDP) 69.2 49.8 25 39 139 %
Foreign direct investment, net inflows (% of GDP) 3.78 5.04 31 21 75 %
GDP per capita (current US$) 31,707 23,931 40 50 132 %
GDP per capita, PPP (current international US$) 56,806 48,575 33 46 117 %
Imports of goods and services (% of GDP) 62.7 52.9 31 52 118 %
Inflation, consumer prices (annual %) 2.44 2.97 98 80 81.9 %
Net migration -86,169 -5,186 198 139 1,662 %
Population, total 10,882,164 3,866,300 86 129 281 %

Demography and Health

Czechia and Croatia have similar birth rates, with Czechia at 8.4 per 1,000 people compared to Croatia's 8.3. However, the death rate in Czechia, at 10.4, is significantly lower than Croatia's 13.3, indicating better overall health. Life expectancy at birth is also higher in Czechia (79.9 years) compared to Croatia (78.5 years). Notably, the mortality rate for children under five is lower in Czechia (2.6) than in Croatia (4.6), reflecting differences in healthcare quality and access. On mental health parameters, Czechia fares better with a suicide mortality rate of 13.3 compared to Croatia's 15.7.

Economy

Czechia has a more robust economy than Croatia, evident in its GDP per capita, which stands at $31,707 compared to Croatia's $23,931. In terms of purchasing power parity (PPP), Czechia's GDP is $56,806 versus Croatia's $48,575. This highlights a stronger economic foundation in Czechia. Inflation rates also favor Czechia, at 2.4% compared to Croatia's 3%. Furthermore, poverty levels in Czechia are lower, as only 10.2% of the population lives below the national poverty line, compared to 18% in Croatia.

Trade and Investment

The export of goods and services as a percentage of GDP is significantly higher in Czechia (69.2%) than in Croatia (49.8%), showcasing a more export-oriented economy. Similarly, imports are also higher in Czechia (62.7% of GDP) compared to Croatia (52.9%). Foreign direct investment is higher in Croatia (5% of GDP) than in Czechia (3.8%), indicating a more favorable environment for foreign investors in Croatia. Additionally, Czechia maintains a current account surplus of 1.8% of GDP, while Croatia experiences a deficit of -1.1%.

Governance and Institutions

Czechia scores higher in terms of control of corruption with a ranking of 0.8 compared to 0.2 in Croatia. Similarly, Czechia exhibits greater government effectiveness (1.1 vs. 0.7) and better regulatory quality (1.3 vs. 0.6). Czechia also ranks better in the Rule of Law (1.1 compared to Croatia's 0.4) and political stability, ranking 5th globally compared to Croatia's 50th position. In terms of unemployment, Czechia has an impressively low rate of 2.6% compared to 6.1% in Croatia, indicating a healthier labor market.

Infrastructure and Technology

Both Czechia and Croatia have a logistics performance index of 3, indicating an average level of transport infrastructure quality. However, the percentage of individuals using the Internet shows a slight advantage for Czechia (86%) over Croatia (83.2%). This metric implies a better engagement with technology and potentially a greater digital economy in Czechia.

Environment and Sustainability

Czechia faces higher water stress levels, with freshwater withdrawal accounting for 20.5% of available resources, compared to just 1.5% in Croatia. In terms of renewable energy consumption, Croatia performs better, with 34.1% of its final energy consumption coming from renewable sources, while Czechia lags at 17.2%. On the greenhouse gas emissions front, Czechia emits more CO2 per capita (10.5 tons) compared to Croatia (6.5 tons), raising concerns about its environmental policies and sustainability initiatives.