Czechia Czechia vs France France development indicators, 2024

Indicator
Czechia
Czechia, Value
France
France, Value
Czechia
Czechia, Rank
France
France, Rank
Czechia Czechia as % of
France France
Current account balance (% of GDP) 1.75 0.392 43 49 448 %
Exports of goods and services (% of GDP) 69.2 33.2 25 75 208 %
Foreign direct investment, net inflows (% of GDP) 3.78 1.75 31 63 216 %
GDP per capita (current US$) 31,707 46,150 40 26 68.7 %
GDP per capita, PPP (current international US$) 56,806 61,322 33 28 92.6 %
Imports of goods and services (% of GDP) 62.7 34 31 85 184 %
Inflation, consumer prices (annual %) 2.44 2 98 114 122 %
Net migration -86,169 90,527 198 20
Population, total 10,882,164 68,516,699 86 23 15.9 %

Demography and Health

Czechia and France exhibit notable differences in demographic and health indicators. The crude birth rate in Czechia stands at 8.4 per 1,000 people, lower than France's 9.9, which may indicate differing population growth dynamics. The death rate is higher in Czechia at 10.4 compared to France’s 9.2, suggesting potential health and lifestyle disparities. Life expectancy also reflects these trends, with Czechia at 79.9 years, which is lower than France's 82.9 years. Interestingly, the under-5 mortality rate is lower in Czechia (2.6) compared to France (4.3), indicating effective healthcare for children. Mental health is a concern as shown by the suicide mortality rate, where Czechia performs better (13.3) than France (16.6).

Economy

In terms of economic performance, France outperforms Czechia on several key indicators. GDP per capita in Czechia is $31,707, while France enjoys a higher figure of $46,150, highlighting a higher standard of living in France. Additionally, Czechia's GDP per capita at purchasing power parity (PPP) is $56,806, again less than France's $61,322. Unemployment in Czechia is impressively low at 2.6%, especially in contrast to France’s 7.3%. However, inflation rates are slightly higher in Czechia (2.4%) compared to France (2%), indicating a more stable price environment in France.

Trade and Investment

Czechia's economy is significantly more reliant on international trade compared to France, with exports constituting 69.2% of GDP versus France's 33.2%. Similarly, imports are also higher as a share of GDP in Czechia at 62.7% compared to 34% in France. In terms of foreign direct investment (FDI) inflows, Czechia has a net inflow of 3.8% of GDP, which is a stronger position relative to France's 1.8%. The current account balance further reflects this strength for Czechia at 1.8% compared to 0.4% for France, suggesting a healthier position in terms of international trade.

Governance and Institutions

Czechia and France show similarities in government effectiveness, both scoring 1.1 on the governance index. However, the country ranks differently in terms of control of corruption, where Czechia has a score of 0.8, compared to France's 1.2. Political stability is markedly better in Czechia, with a score of 1 indicating a more stable environment compared to France’s 0.3. Regulatory quality is slightly better in Czechia (1.3) than in France (1.2), suggesting a more favorable regulatory environment. The rule of law is also comparable, with both countries scoring close but Czechia slightly behind at 1.1 versus 1.2 for France.

Infrastructure and Technology

Both countries are technologically advanced, but France has an edge in logistics performance, scoring 3.8 compared to Czechia's 3. This indicates better quality of trade and transport-related infrastructure in France. Internet usage is almost comparable, with Czechia at 86% and France at 86.8%, reflecting high digital engagement in both countries. However, when it comes to research and development expenditures as a percentage of GDP, Czechia (2%) lags behind France (2.2%), which could impact innovation in the long term.

Environment and Sustainability

In terms of environmental sustainability, both countries perform well, but there are distinctions in terms of greenhouse gas emissions per capita. Czechia exhibits higher emissions at 10.5 t CO2e/capita compared to France’s 5.6. Renewable energy consumption is slightly better in Czechia at 17.2% than France's 16.2%. Water stress levels indicate that Czechia has 20.5% of freshwater withdrawal compared to France’s 21.6%. Both countries have similar rates of undernourishment, with Czechia at 2.5%, equal to France's, and a comparatively low poverty headcount ratio at 10.2% against France’s 15.6%, signaling a relatively healthier population in terms of basic needs.