Czechia vs Germany development indicators, 2024

Demography and Health

Czechia and Germany exhibit similar demographic trends, with Czechia having a slightly higher birth rate at 8.4 per 1,000 people compared to Germany's 8.3. Despite a higher death rate in Czechia (10.4) than in Germany (12.3), it ranks better overall in mortality rates, especially for under-5s, where Czechia's rate stands at 2.6 per 1,000 compared to Germany's 3.7. Life expectancy is slightly lower in Czechia (79.9 years) compared to Germany (80.5 years). Migration trends reveal a negative net migration in Czechia (-86,169), while Germany attracts migrants with a positive net of 36,954. Both countries have an equal prevalence of undernourishment at 2.5%. The domestic health expenditure per capita in Czechia stands at $3,913, significantly lower than Germany's $6,791, which may influence healthcare outcomes.

Economy

Czechia is marked by a GDP per capita of $31,707, considerably lower than Germany's $55,800, revealing significant disparities in wealth. Czechia’s GDP per capita on a purchasing power parity (PPP) basis also lags behind Germany’s, at $56,806 compared to $72,300. Nevertheless, Czechia boasts a vibrant export economy with exports of goods and services accounting for 69.2% of GDP, a stark contrast to Germany's much lower percentage of 42.1%. The country maintains a positive current account balance (1.8% of GDP) against Germany's 5.7%. Inflation rates are relatively similar, with Czechia at 2.4% and Germany slightly lower at 2.3%, indicating stable economic conditions in both nations.

Trade and Investment

Czechia demonstrates a robust position in trade, with imports of goods and services at 62.7% of GDP, significantly higher than Germany's 38.2%. This indicates a high dependency on foreign goods and services. In terms of foreign direct investment (FDI), Czechia shows an impressive net inflow of 3.8% of GDP, whereas Germany stands at only 1%. Additionally, Czechia excels in patent applications with 541 applications compared to Germany’s 39,822, suggesting a vibrant innovation landscape despite the economic size disparity.

Governance and Institutions

In terms of governance, Germany generally leads in most indicators of institutional quality. For instance, the control of corruption is rated at 1.7 for Germany, better than Czechia's 0.8. Government effectiveness is nearly equal (1.1 for Czechia and 1.2 for Germany), but the regulatory quality and the rule of law also favor Germany, with ratings of 1.5 and 1.6, respectively, compared to 1.3 and 1.1 in Czechia. However, Czechia showcases relatively high political stability with a score of 1, significantly higher than Germany’s 0.6.

Infrastructure and Technology

Regarding infrastructure, Germany leads with a logistics performance index of 4.3, indicating high-quality transport-related infrastructure. Czechia ranks lower with a score of 3.0, which may affect trade efficiency and overall economic performance. Investment in research and development as a percentage of GDP is greater in Germany (3.1%) compared to Czechia (2.0%), suggesting Germany's stronger focus on innovation and technology advancement. This disparity is critical for sustained economic growth and competitiveness in a globalized economy.

Environment and Sustainability

Both countries show a commitment to sustainable practices with Czechia consuming 17.2% of its energy from renewable sources, closely aligning with Germany's 17.6%. However, Czechia faces a greater challenge with greenhouse gas emissions, totaling 10.5 tons of CO2 per capita, significantly higher than Germany's 8.1 tons. This emphasizes the need for Czechia to enhance its environmental policies and practices. Additionally, Czechia's water stress indicates it withdraws 20.5% of its freshwater resources, a favorable figure compared to Germany’s 35.4%. This suggests Czechia has a better balance between water resource use and availability, a critical factor in addressing future sustainability concerns.