Czechia vs Estonia development indicators, 2024

Indicator	Czechia, Value	Estonia, Value	Czechia, Rank	Estonia, Rank	Czechia as % of Estonia
Current account balance (% of GDP)	1.75	-1.15	43	64
Exports of goods and services (% of GDP)	69.2	76.3	25	15	90.8 %
Foreign direct investment, net inflows (% of GDP)	3.78	-8.18	31	105
GDP per capita (current US$)	31,707	31,170	40	41	102 %
GDP per capita, PPP (current international US$)	56,806	49,334	33	44	115 %
Imports of goods and services (% of GDP)	62.7	75.7	31	15	82.8 %
Inflation, consumer prices (annual %)	2.44	3.52	98	62	69.2 %
Net migration	-86,169	-7,742	198	147	1,113 %
Population, total	10,882,164	1,371,986	86	155	793 %

Demography and Health

Czechia has a total population of approximately 10.9 million, which dwarfs Estonia's 1.4 million, placing it 33rd and 93rd in global rankings, respectively. The crude birth rate in Czechia is 8.4 per 1,000 people, just slightly higher than Estonia's 8, ranking them 53rd and 64th. Conversely, the crude death rate reveals a modestly better scenario for Estonia, with 11.7 deaths per 1,000 compared to Czechia's 10.4, ranking them 45th and 35th respectively. Life expectancy at birth is slightly higher in Czechia at 79.9 years compared to Estonia's 78.5 years. Infant mortality is lower in Czechia at 2.6 per 1,000 live births than Estonia's 2.1. Both countries show a prevalence of undernourishment at 2.5% of the population. The net migration statistic is concerning for Czechia, revealing a negative migration inflow of -86,169, while Estonia experiences a much smaller negative net migration of -7,742.

Economy

Czechia's economy shows a GDP per capita of $31,707, marginally higher than Estonia's $31,170, placing them at ranks 57th and 59th, respectively. When adjusting for purchasing power parity (PPP), Czechia fares better with $56,806 compared to Estonia's $49,334. Both countries have significant imports and exports as a percentage of GDP, with Czechia at 62.7% for imports and 69.2% for exports, while Estonia exhibits slightly higher percentages at 75.7% and 76.3%, respectively. Inflation is considerably lower in Czechia at 2.4% compared to Estonia's 3.5%. The foreign direct investment inflows (% of GDP) display a stark contrast, with Czechia attracting 3.8% while Estonia's figure stands at a negative -8.2%, indicative of potential investment challenges. Current account balances also differ, with Czechia at 1.8% and Estonia at -1.1%, further reflecting the economic stability of Czechia relative to Estonia.

Trade and Investment

In terms of trade performance, Czechia is ranked 51st in exports and 54th in imports, whereas Estonia ranks better at 43rd in exports but performs similarly at 39th for imports. The substantial exports as a percentage of GDP demonstrate strong international trade engagement in both countries, with Czechia's figures being marginally lower than Estonia's. However, the stark difference in foreign direct investment as a percentage of GDP reveals that Czechia is attracting more foreign investment, suggesting a more favorable investment climate compared to Estonia.

Governance and Institutions

Czechia notably performs well in governance metrics, with a control of corruption score of 0.8 compared to Estonia's stronger score of 1.5. This gives Estonia a ranking of 23rd in this aspect, whereas Czechia is ranked 37th. Moreover, Estonia ranks higher in government effectiveness (1.3) compared to Czechia's 1.1. Political stability is another crucial factor; Czechia ranks 5th in this category, indicating a robust political environment, whereas Estonia ranks 43rd, which may signal some concerns. The rule of law and regulatory quality indicators show similar trends, with Czechia scoring lower in both aspects, indicating areas for improvement. Additionally, unemployment rates highlight a significant gap, with Czechia at 2.6% (80th) and Estonia at 6.4% (32nd).

Infrastructure and Technology

Czechia and Estonia's performance on the logistics performance index indicates that both have well-developed infrastructures. Czechia scores 3 while Estonia is slightly ahead with a score of 3.5, indicating that trade and transport-related infrastructures might be more efficient in Estonia. Internet penetration is higher in Estonia, with 93.2% of the population using the Internet as opposed to Czechia's 86%. Furthermore, Czechia leads in innovation indicators, with a higher number of patent applications relative to its residents, showcasing a potential advantage in research and development.

Environment and Sustainability

In the realm of environmental sustainability, Czechia's renewable energy consumption is at 17.2%, reflecting ongoing attempts at sustainability, while Estonia scores significantly higher at 38%. Both countries have similar total greenhouse gas emissions per capita, measured at 10.5 tons CO2e/capita. Additionally, the level of water stress is higher in Czechia at 20.5% compared to Estonia's 10.8%, indicating a more pressing challenge in water resource management for Czechia. Overall, while both countries have shown commitments to sustainability, Estonia has stronger measures regarding renewable energy, coupling it with relatively lower environmental stress.