Czechia Czechia vs Lithuania Lithuania development indicators, 2024

Indicator
Czechia
Czechia, Value
Lithuania
Lithuania, Value
Czechia
Czechia, Rank
Lithuania
Lithuania, Rank
Czechia Czechia as % of
Lithuania Lithuania
Current account balance (% of GDP) 1.75 2.48 43 35 70.8 %
Exports of goods and services (% of GDP) 69.2 74.1 25 19 93.4 %
Foreign direct investment, net inflows (% of GDP) 3.78 4.24 31 24 89.3 %
GDP per capita (current US$) 31,707 29,386 40 44 108 %
GDP per capita, PPP (current international US$) 56,806 54,414 33 37 104 %
Imports of goods and services (% of GDP) 62.7 68.9 31 24 90.9 %
Inflation, consumer prices (annual %) 2.44 0.716 98 145 340 %
Net migration -86,169 2,617 198 61
Population, total 10,882,164 2,888,055 86 138 377 %

Demography and Health

Czechia has a higher birth rate of 8.4 per 1,000 people compared to Lithuania's 7.2, ranking 53rd versus Lithuania's 74th in global statistics. However, Czechia has a slightly higher death rate of 10.4 per 1,000 people compared to Lithuania's 12.9, placing Czechia at rank 45 and Lithuania at rank 23. In terms of life expectancy, Czechia leads with 79.9 years versus Lithuania's 77 years. The under-5 mortality rate is also lower in Czechia at 2.6 compared to Lithuania's 3.4. The net migration is negative in Czechia, indicating a demographic challenge, as it stands at -86,169, while Lithuania's migration is positive with 2,617 newcomers. Poverty rates show that 10.2% of the population in Czechia live below the national poverty line, in stark contrast to Lithuania's 20.9%. Both countries exhibit a similar prevalence of undernourishment at 2.5%. Despite some differences, overall health indicators suggest that Czechia maintains a more favorable demographic and health profile.

Economy

In 2024, Czechia's GDP per capita is higher at $31,707 compared to Lithuania's $29,386, ranking 57th and 63rd respectively. When adjusted for purchasing power parity (PPP), Czechia again leads with $56,806 while Lithuania has $54,414, ranking 46th for Czechia and 53rd for Lithuania. Both countries show significant engagement in international trade, with Czechia exporting 69.2% of its GDP compared to Lithuania's 74.1%, ranking both nations fairly close at 51st and 45th. Imports as a percentage of GDP also reflect a trend in openness to trade, with Czechia at 62.7% and Lithuania at 68.9%. However, Czechia has a more favorable inflation rate of 2.4% compared to Lithuania's 0.7%. The current account balance favors Lithuania at 2.5% compared to Czechia's 1.8%, reflecting a healthier trade position.

Trade and Investment

Foreign direct investment shows Czechia attracting 3.8% of GDP in net inflows, whereas Lithuania attracts slightly more at 4.2%, indicating a more favorable investment environment in Lithuania. Both nations have seen a relatively low unemployment rate, with Czechia at 2.6% and Lithuania considerably higher at 6.8%. Czechia excels in innovation with a substantial number of patent applications, 541 compared to just 81 in Lithuania. This suggests a stronger focus on research and development—Czechia allocates 2% of its GDP to R&D against Lithuania's 1.1%, indicating higher investment in future growth.

Governance and Institutions

Both countries are rated similarly in various governance indices, scoring 0.8 in control of corruption and 1.1 in government effectiveness. However, Czechia ranks higher in political stability and the absence of violence/terrorism, where it stands at 1 compared to Lithuania's 0.7. Regulatory quality is comparable, with both scoring 1.3. Meanwhile, the rule of law is slightly stronger in Lithuania at 1.3 compared to Czechia's 1.1. These aspects point to relatively strong governance in both nations, with Czechia showing marginally better political stability.

Infrastructure and Technology

In the realm of infrastructure, both countries have been developing their logistics performance, with Czechia receiving a score of 3.0 and Lithuania slightly ahead at 3.5. This reflects an ongoing commitment to improving trade and transport-related infrastructure. Regarding internet use, Czechia sees 86% of its population online, with Lithuania slightly ahead at 88.5%, indicating both nations are progressing in digital connectivity.

Environment and Sustainability

Czechia lags behind in renewable energy consumption at 17.2% compared to Lithuania's impressive 33.2%, showing Lithuania's commitment to sustainability. Nonetheless, Czechia has lower total greenhouse gas emissions per capita at 10.5 tonnes versus Lithuania's 7.2 tonnes, reflecting better overall environmental impact management. Notably, Czechia has a higher water stress level at 20.5%, in contrast to Lithuania's mere 1.8%, highlighting significant difference in sustainable water resource management. On the whole, both countries present a complex picture in terms of environmental policies and practices.