Czechia vs Portugal development indicators, 2024

Indicator	Czechia, Value	Portugal, Value	Czechia, Rank	Portugal, Rank	Czechia as % of Portugal
Current account balance (% of GDP)	1.75	2.17	43	40	80.6 %
Exports of goods and services (% of GDP)	69.2	46.5	25	44	149 %
Foreign direct investment, net inflows (% of GDP)	3.78	4.27	31	23	88.6 %
GDP per capita (current US$)	31,707	28,844	40	45	110 %
GDP per capita, PPP (current international US$)	56,806	50,617	33	41	112 %
Imports of goods and services (% of GDP)	62.7	44.7	31	61	140 %
Inflation, consumer prices (annual %)	2.44	2.42	98	99	101 %
Net migration	-86,169	20,648	198	37
Population, total	10,882,164	10,701,636	86	89	102 %

Demography and Health

Czechia and Portugal exhibit similar demographic trends, with Czechia's birth rate slightly higher at 8.4 per 1,000 people compared to Portugal's 8.1. However, Portugal has a lower death rate at 11.2 versus Czechia's 10.4, situating both countries in different ranks within the global context. Czechia has a higher life expectancy at 79.9 years, though Portugal surpasses this with 82.3 years, reflecting differences in healthcare quality and lifestyle factors. The under-5 mortality rate, a critical indicator of health service effectiveness, is lower in Czechia (2.6) compared to Portugal (3.2), indicative of better child health outcomes in Czechia. Notably, net migration shows a significant distinction, with Czechia experiencing a negative inflow (-86,169), whereas Portugal enjoys a positive net migration (20,648), suggesting differing attractiveness for newcomers. Both countries report similar rates of undernourishment, at 2.5% of the population.

Economy

In terms of economic performance, Czechia emerges stronger, with a GDP per capita of $31,707 compared to Portugal's $28,844. Adjusting for purchasing power parity (PPP), Czechia again outshines with $56,806 versus Portugal's $50,617. Exports as a percentage of GDP are substantially higher in Czechia (69.2%) than in Portugal (46.5%), highlighting Czechia's integration into global markets. Additionally, Czechia’s imports also reflect a more robust trade network at 62.7% of GDP, compared to Portugal's 44.7%. Both countries exhibit low inflation rates (2.4%), contributing to economic stability. However, Czechia has a lower unemployment rate (2.6%) compared to Portugal's 6.5%, indicating a more favorable labor market.

Trade and Investment

Czechia enjoys a higher net inflow of foreign direct investment at 3.8% of GDP compared to Portugal's 4.3%. Despite this, Portugal ranks higher, likely due to its growing appeal as a tourism destination and favorable investment climate. The current account balance shows Czechia at 1.8% of GDP and Portugal slightly better at 2.2%, pointing to stronger economic performance in managing foreign trade and investment. The logistics performance index, measuring quality in trade and transport-related infrastructure, scores Czechia at 3, while Portugal stands slightly higher at 3.6, indicating a competitive edge for Portugal in logistics.

Governance and Institutions

Both countries experience relatively stable governance structures, with Czechia having a Control of Corruption index of 0.8 compared to Portugal's 0.7. In terms of government effectiveness, Czechia scores 1.1, ahead of Portugal's 1. Government stability is more pronounced in Czechia, evident from its high rank in Political Stability and Absence of Violence/Terrorism at 5, compared to Portugal's 37. Conversely, regulatory quality shows Czechia leading with a score of 1.3 against Portugal's 0.8, suggesting more effective regulatory frameworks in Czechia. However, both countries rank similarly in the Rule of Law indicator, both at 1.1.

Infrastructure and Technology

In the realm of infrastructure and technology, Czechia and Portugal show comparable levels of internet usage, with 86% of the population in Czechia using the internet and slightly lower at 85.8% in Portugal. Czechia's logistics performance index reflects a scoring of 3, positioned average on a global scale, while Portugal's 3.6 denotes a more efficient framework for trade and transport. Notably, both countries invest in research and development, with Czechia dedicating 2% of GDP to R&D against Portugal's 1.7%, indicating Czechia's commitment to fostering innovation.

Environment and Sustainability

Environmental performance varies, particularly in renewable energy consumption where Portugal excels significantly with 32.3% of its total energy consumption sourced from renewables compared to Czechia's 17.2%. This indicates Portugal’s proactive stance towards sustainability and greener energy policies. Regarding water stress, Czechia manages a level of 20.5% of freshwater withdrawal, which is higher than Portugal's 12.3%. In the area of emissions, Czechia's greenhouse gas emissions are substantially higher at 10.5 tons CO2e per capita, compared to Portugal's 5 tons, signaling potential environmental challenges ahead for Czechia. Both countries, however, present low prevalence rates of undernourishment, supporting their commitments to food security.