Czechia vs Romania development indicators, 2024

Indicator	Czechia, Value	Romania, Value	Czechia, Rank	Romania, Rank	Czechia as % of Romania
Current account balance (% of GDP)	1.75	-8.36	43	99
Exports of goods and services (% of GDP)	69.2	35.6	25	70	195 %
Foreign direct investment, net inflows (% of GDP)	3.78	1.92	31	57	197 %
GDP per capita (current US$)	31,707	20,072	40	57	158 %
GDP per capita, PPP (current international US$)	56,806	48,712	33	45	117 %
Imports of goods and services (% of GDP)	62.7	41.7	31	67	150 %
Inflation, consumer prices (annual %)	2.44	5.72	98	35	42.6 %
Net migration	-86,169	-28,466	198	182	303 %
Population, total	10,882,164	19,069,340	86	66	57.1 %

Demography and Health

Czechia and Romania exhibit notable differences in various demographic and health indicators. As of 2023, the crude birth rate in Czechia stands at 8.4 per 1,000 people, slightly higher than Romania's rate of 8.0, ranking Czechia at 53 compared to Romania's 64. The crude death rate, however, reveals a more alarming picture for Czechia, which is 10.4 per 1,000 people, exceeding Romania's 12.7, placing Czechia in 45th position against Romania's 25th. The life expectancy at birth is another critical indicator, where Czechia surpasses Romania with an average of 79.9 years compared to Romania's 76.6 years, reflecting a higher standard of living and better overall health conditions in Czechia. Moreover, the mortality rate for under-5 children shows a stark contrast: Czechia's rate is 2.6 per 1,000 live births, significantly better than Romania's 6.6, with Czechia ranked at 66 and Romania at 1, indicating potential challenges in child healthcare in Romania. Factors like net migration showcase a trend where Czechia experiences a net migration loss of 86,169, while Romania has a smaller loss of 28,466.

Economy

When assessing the economic landscape, Czechia exhibits stronger performance indicators compared to Romania. In 2024, Czechia's GDP per capita reaches $31,707, significantly higher than Romania's $20,072, placing Czechia at 57th rank versus Romania's 95th. In terms of purchasing power parity (PPP), Czechia continues its lead with $56,806 against Romania's $48,712, ranking 46th and 68th respectively. The exports of goods and services as a percentage of GDP further illustrate Czechia's economic strength at 69.2%, dwarfing Romania's 35.6% (51st vs. 100th rank). Czechia also demonstrates a lower inflation rate of 2.4%, compared to Romania's 5.7%, indicating more stable economic conditions. However, both countries face challenges in their import percentages relative to GDP, with Czechia at 62.7% and Romania at 41.7%. The unemployment rate adds an interesting dynamic wherein Czechia’s rate stands at 2.6%, reflecting a healthy labor market compared to Romania's higher rate of 5.6%, which denotes some employment struggles.

Trade and Investment

Czechia's position in trade and investment is notably more robust than Romania's. As of 2024, Czechia benefits from foreign direct investment inflows at 3.8% of GDP, outperforming Romania's 1.9%, ranking Czechia at 46 compared to Romania's 76. Furthermore, the current account balance shows Czechia's positive standing at 1.8% of GDP against Romania's deficit of -8.4%, placing Czechia at 39th in the global ranking versus Romania at 102nd. The logistics performance index, which reflects the quality of trade and transport-related infrastructure, also paints a commendable picture for Czechia with a score of 3, slightly ahead of Romania's 2.9. These indicators collectively emphasize Czechia's favorable environment for trade and investment.

Governance and Institutions

The governance structures in Czechia present a more stable and effective picture than those in Romania. In 2023, Czechia achieves a control of corruption score of 0.8, a stark contrast to Romania's score of 0, positioning Czechia at 37 and Romania at 71. Similarly, governance effectiveness showcases Czechia at 1.1 and Romania at -0.1, which corresponds to 33rd and 78th ranks respectively. Political stability and absence of violence/terrorism rank Czechia 5th with a score of 1, while Romania lags at 71st with a score of 0.4. Regulatory quality and the rule of law also reflect Czechia's advantages with scores of 1.3 and 1.1 against Romania’s 0.3 and 0.4 respectively. This dominance in governance indicators suggests a more reliable system of institutions, which is conducive to economic growth and social stability in Czechia.

Infrastructure and Technology

In terms of infrastructure and technology, both countries have areas of strength and weaknesses. The percentage of individuals using the internet reflects a promising digital landscape, with Czechia at 86% compared to Romania’s 89.2%. Czechia's logistics performance index, which assesses the quality of trade and transport-related infrastructure, is somewhat favorable at 3.0, placing it above Romania's 2.9. However, when considering research and development expenditure as a percentage of GDP, Czechia shows significant investment at 2% against Romania’s 0.5%, thus indicating Czechia’s focus on innovation and technology advancement.

Environment and Sustainability

Environmental indicators highlight critical contrasts between the two nations. Czechia shows a renewable energy consumption percentage of 17.2%, while Romania leads with 23.6%, indicating greater commitment to sustainable energy sources. However, concerning total greenhouse gas emissions per capita, Czechia has a higher output at 10.5 tons of CO2e compared to Romania's 5.6 tons, raising concerns about its environmental footprint. Water resource management is also worth noting; Czechia experiences 20.5% freshwater withdrawal, which suggests potential stress on their water resources, in contrast to Romania's relatively lower level at 7.4%. These environmental challenges present opportunities for both countries to adopt more sustainable practices for the future.