Czechia Czechia vs Netherlands Netherlands development indicators, 2024

Indicator
Czechia
Czechia, Value
Netherlands
Netherlands, Value
Czechia
Czechia, Rank
Netherlands
Netherlands, Rank
Czechia Czechia as % of
Netherlands Netherlands
Current account balance (% of GDP) 1.75 9.92 43 10 17.7 %
Exports of goods and services (% of GDP) 69.2 84.1 25 11 82.3 %
Foreign direct investment, net inflows (% of GDP) 3.78 -1.1 31 101
GDP per capita (current US$) 31,707 68,219 40 12 46.5 %
GDP per capita, PPP (current international US$) 56,806 84,218 33 11 67.5 %
Imports of goods and services (% of GDP) 62.7 72 31 20 87 %
Inflation, consumer prices (annual %) 2.44 3.35 98 65 72.7 %
Net migration -86,169 121,628 198 17
Population, total 10,882,164 17,994,237 86 71 60.5 %

Demography and Health

Czechia has a birth rate of 8.4 per 1,000 people compared to the Netherlands’ 9.2, ranking Czechia 53rd globally while the Netherlands ranks 36th. The death rate in Czechia stands at 10.4 per 1,000 people, which is higher than the Netherlands’ rate of 9.5, placing Czechia at 45th and the Netherlands at 62nd. In terms of health outcomes, life expectancy at birth is 79.9 years in Czechia compared to 81.9 years in the Netherlands, highlighting a notable difference in health quality, with Czechia ranking 52nd against the Netherlands' 25th. Moreover, the under-5 mortality rate is 2.6 per 1,000 live births in Czechia versus 4 in the Netherlands, reflecting a better performance by Czechia in early childhood health indicators.

Economy

Czechia's GDP per capita is $31,707, which is significantly lower than the Netherlands’ $68,219, illustrating a substantial disparity in economic wealth with Czechia ranked 57th and the Netherlands 12th. In terms of purchasing power parity (PPP), Czechia reports $56,806 per capita compared to $84,218 in the Netherlands, further emphasizing the economic differences between the two countries. The inflation rate in Czechia is lower at 2.4% compared to the Netherlands’ 3.3%, providing a more stable economic environment. However, Czechia's foreign direct investment inflows at 3.8% of GDP outperform the Netherlands’ negative 1.1%, suggesting a more favorable investment climate in Czechia.

Trade and Investment

When looking at trade, Czechia’s exports of goods and services make up 69.2% of its GDP, whereas the Netherlands showcases a robust 84.1%, ranking 31st globally compared to Czechia’s 51st. Imports as a percentage of GDP also reflect a similar trend, with Czechia at 62.7% and the Netherlands at 72%. The current account balance reveals that Czechia has a surplus of 1.8% of GDP, whereas the Netherlands shows a significantly higher surplus of 9.9%, reinforcing its position as a trading powerhouse.

Governance and Institutions

In terms of governance, Czechia has a control of corruption score of 0.8 while the Netherlands has a higher score of 1.9, highlighting better governance and lower corruption levels in the Netherlands. Both countries show effective government structures but the Netherlands ranks higher with a government effectiveness score of 1.6 compared to Czechia’s 1.1. The regulation quality in the Netherlands also exceeds that of Czechia with scores of 1.8 and 1.3, respectively. Political stability is another area where Czechia performs better, scoring 1, while the Netherlands at 0.7 suggests it faces more political turbulence.

Infrastructure and Technology

Czechia has been rated 24th on the logistics performance index with a score of 3, which indicates room for improvement compared to the Netherlands, which scores 4.2 and ranks 2nd, demonstrating superior trade and transport-related infrastructure. The rate of internet usage shows Czechia at 86% of the population compared to the Netherlands' 97%, indicating a digital divide that may influence economic and social development. Research and development expenditure as a percentage of GDP stands similarly, with Czechia at 2% and the Netherlands slightly higher at 2.3%, showing both countries prioritize innovation albeit at different levels.

Environment and Sustainability

Focusing on environmental impacts, both countries show a prevalence of undernourishment at 2.5% of the population, indicating strong food security. However, Czechia shows higher greenhouse gas emissions per capita at 10.5 t CO2e compared to the Netherlands’ 8.4 t CO2e, indicating a greater environmental challenge for Czechia. Renewable energy consumption is higher in Czechia at 17.2% than in the Netherlands at 12.2%, revealing a potentially more sustainable energy approach in Czechia. Nonetheless, water stress levels are also a concern; Czechia has a withdrawal ratio of 20.5% of available freshwater resources, slightly worse than the Netherlands’ 16.1%.