Czechia vs Italy development indicators, 2024

Demography and Health

Czechia has a slightly higher birth rate at 8.4 per 1,000 people compared to Italy's 6.4, ranking it 53rd globally versus Italy's 81st. The crude death rate is lower in Italy at 11.2 compared to Czechia's 10.4, ranking Italy 38th and Czechia 45th. Life expectancy also favors Italy, which stands at 83.7 years compared to Czechia's 79.9 years, highlighting a stronger health system and lifestyle in Italy. Mortality rates for under-5 children are slightly lower in Czechia at 2.6 compared to Italy's 2.8. However, Czechia faces a negative net migration with 86,169 fewer people, while Italy gains 95,246, suggesting different experiences regarding immigration and population dynamics. Suicide mortality is a concern in Czechia with a rate of 13.3 per 100,000 population compared to Italy's significantly lower 7.

Economy

GDP per capita in current US dollars is higher in Italy at $40,226 compared to Czechia's $31,707, putting Italy in a better economic position, ranked 42nd versus Czechia's 57th. In terms of purchasing power parity (PPP), Italy retains an advantage with its GDP per capita at $60,847 versus Czechia's $56,806. The inflation rate in Czechia is notably higher at 2.4%, while Italy enjoys a lower rate of 1%. Czechia's economy is export-driven, with exports accounting for 69.2% of its GDP, in stark contrast with Italy's 32.7%. Interestingly, both nations have similar total government health expenditures at 8.5% of GDP, reflecting similar commitments to healthcare.

Trade and Investment

Czechia has a strong foreign direct investment (FDI) inflow at 3.8% of GDP, compared to Italy's weak 0.9%, indicating a more favorable environment for foreign investments. The current account balance is also better in Czechia with 1.8% of GDP compared to Italy's 1.1%. Both countries are, however, highly reliant on imports, with Czechia importing 62.7% of its GDP while Italy imports 30.4%. Overall, Czechia's trade positioning seems to be stronger, as evidenced by its high exports as a percentage of GDP.

Governance and Institutions

Czechia performs better in governance metrics such as control of corruption (0.8 vs. 0.6), government effectiveness (1.1 vs. 0.6), and regulatory quality (1.3 vs. 0.6), evidencing more effective institutional frameworks. The rule of law is also stronger in Czechia at 1.1 compared to Italy's 0.4. Political stability rankings also favor Czechia, ranked 5th, while Italy sits at 53rd, revealing higher political unrest in the latter. Unemployment rates in Czechia are impressively low at 2.6%, while Italy faces significant challenges with a rate of 7.6%.

Infrastructure and Technology

In terms of logistics performance, Czechia ranks lower at 3 on a scale of 1 to 5, compared to Italy's 3.8, indicating better quality in trade and transport-related infrastructure in Italy. Internet usage is quite comparable with 86% of Czechia's population having access versus 87% in Italy. Moreover, patent applications indicate Czechia's innovation potential with 541 applications against a staggering 10,281 in Italy, showcasing a technological disparity favoring Italy.

Environment and Sustainability

Both countries have a similar renewable energy consumption percentage, with Czechia at 17.2% and Italy slightly higher at 17.5%. In terms of water stress, Czechia performs better with 20.5% freshwater withdrawal relative to available resources, compared to Italy's 29.6%. Total greenhouse gas emissions per capita are notably lower in Italy at 6.3 tons CO2e per capita compared to Czechia's 10.5 tons. This suggests that while both countries are conscious of environmental impacts, Italy has made more significant strides towards sustainable practices, potentially aligned with stronger environmental policies and regulations.