Czechia vs Greece development indicators, 2024

Indicator	Czechia, Value	Greece, Value	Czechia, Rank	Greece, Rank	Czechia as % of Greece
Current account balance (% of GDP)	1.75	-6.38	43	95
Exports of goods and services (% of GDP)	69.2	42	25	54	165 %
Foreign direct investment, net inflows (% of GDP)	3.78	2.51	31	47	151 %
GDP per capita (current US$)	31,707	24,752	40	49	128 %
GDP per capita, PPP (current international US$)	56,806	44,074	33	50	129 %
High-technology exports (current US$)	52,422,447,878	2,973,518,417	5	12	1,763 %
Imports of goods and services (% of GDP)	62.7	47.3	31	59	132 %
Inflation, consumer prices (annual %)	2.44	2.74	98	93	88.8 %
Net migration	-86,169	-122,772	198	202	70.2 %
Population, total	10,882,164	10,388,805	86	93	105 %

Demography and Health

Czechia and Greece exhibit distinct differences in their demographic profiles and health indicators. The crude birth rate is higher in Czechia at 8.4 per 1,000 people compared to Greece’s 6.8, ranking Czechia 53rd and Greece 77th globally. In contrast, the crude death rate in Czechia is lower at 10.4 per 1,000 people compared to Greece’s 12.2, with ranks of 45 and 29, respectively. Life expectancy at birth is slightly lower in Czechia at 79.9 years versus Greece’s 81.5 years. Furthermore, the under-5 mortality rate highlights a better performance in Czechia at 2.6 per 1,000 live births compared to Greece’s 3.7. The prevalence of undernourishment is equal at 2.5%, and both countries reflect challenges in other health metrics, such as suicide mortality, where Czechia has a markedly high rate of 13.3 per 100,000 population compared to Greece's 4.7. Overall, while both nations have made strides in healthcare, Czechia faces specific health challenges that need addressing.

Economy

The economic landscape of Czechia and Greece showcases varying degrees of performance. Czechia boasts a GDP per capita of $31,707, ranking 57th, significantly higher than Greece’s $24,752, ranked 76th. In terms of GDP per capita adjusted for purchasing power parity, Czechia also leads with $56,806 compared to Greece’s $44,074. Exports as a percentage of GDP indicate a strong economy in Czechia at 69.2%, whereas Greece stands at 42%. Czechia’s inflation rate is contained at 2.4%, compared to Greece’s 2.7%. The poverty headcount ratio is also more favorable in Czechia at 10.2%, compared to Greece's high at 18.8%. Overall, Czechia presents a more robust economic scenario compared to Greece, marked by higher income and lower poverty levels.

Trade and Investment

In terms of trade and investment, Czechia displays a more favorable landscape. The net inflows of foreign direct investment (FDI) in Czechia stand at 3.8% of GDP against Greece’s 2.5%. Czechia’s high-technology exports are also notably superior, valued at $52.4 billion as opposed to Greece’s mere $3 billion. The current account balance shows Czechia in a positive light with 1.8% of GDP, contrasting starkly with Greece’s deficit of -6.4%. Moreover, the import percentage of GDP is also higher in Czechia at 62.7%, compared to Greece's 47.3%. Overall, Czechia exhibits a more vibrant trade and investment climate than Greece, reinforcing its economic stability and growth potential.

Governance and Institutions

The governance and institutional framework of both countries reflect significant discrepancies. Czechia ranks higher in indicators of political stability, effectiveness, and corruption control. Political stability in Czechia is rated at 1, placing it 5th globally, whereas Greece sits at 79th with a score of 0.2. Similarly, Czechia excels in government effectiveness (1.1) and regulatory quality (1.3) compared to Greece’s 0.1 and 0.6, respectively. Furthermore, corruption control shows Czechia at 0.8 (37th rank) against Greece's dire score of 0.1 (70th rank). However, Czechia faces challenges regarding unemployment, which is low at 2.6% but contrasts with Greece’s high rate of 11%. Overall, Czechia showcases stronger governance and institutional frameworks than Greece.

Infrastructure and Technology

Infrastructure and technology play a crucial role in the economic success of both nations. Czechia performs well in the logistics performance index, scoring 3, while Greece is ahead at 3.7. However, the percentage of individuals using the internet is similar, with Czechia at 86% and Greece at 85%. The emphasis on research and development in Czechia is higher, with 2% of GDP allocated compared to Greece's 1.5%. Moreover, Czechia leads in patent applications with 541, compared to Greece’s 394, indicating a robust innovation environment. While both countries have developed infrastructure, Czechia illustrates a stronger commitment to fostering technology and innovation.

Environment and Sustainability

In the realm of environmental sustainability, Greece takes the lead in renewable energy consumption, at 21.5% compared to Czechia’s 17.2%. However, Czechia performs better concerning greenhouse gas emissions, with 10.5 t CO2e per capita, significantly higher than Greece’s 6.7 t CO2e, reflecting greater environmental pressure per person. Both countries exhibit similar water stress levels, around 20.5% for Czechia and 20.7% for Greece. The commitment to reducing emissions and enhancing renewable energy utilization highlights differing approaches to sustainability, with Czechia facing pressures to further its green initiatives while Greece shows promise in renewable energy integration.