Czechia Czechia vs Slovenia Slovenia development indicators, 2024

Indicator
Czechia
Czechia, Value
Slovenia
Slovenia, Value
Czechia
Czechia, Rank
Slovenia
Slovenia, Rank
Czechia Czechia as % of
Slovenia Slovenia
Current account balance (% of GDP) 1.75 4.46 43 25 39.3 %
Exports of goods and services (% of GDP) 69.2 81.5 25 12 84.9 %
Foreign direct investment, net inflows (% of GDP) 3.78 2.69 31 44 140 %
GDP per capita (current US$) 31,707 34,089 40 36 93 %
GDP per capita, PPP (current international US$) 56,806 56,531 33 34 100 %
Imports of goods and services (% of GDP) 62.7 74.9 31 16 83.6 %
Inflation, consumer prices (annual %) 2.44 1.97 98 115 124 %
Net migration -86,169 3,319 198 60
Population, total 10,882,164 2,126,324 86 148 512 %

Demography and Health

Czechia and Slovenia display notable differences in demographic and health indicators. The crude birth rate in Czechia stands at 8.4 per 1,000 people, while Slovenia has a slightly lower rate of 8. The death rate is also marginally higher in Czechia at 10.4 compared to Slovenia's 10.2. In terms of life expectancy, Czechia has an average of 79.9 years, whereas Slovenia outperforms with 82 years. The under-5 mortality rate shows Czechia at 2.6 deaths per 1,000 live births versus Slovenia's lower rate of 2.2. Both countries report similar levels of undernourishment, at 2.5% of the population, indicating food security in both nations. However, Czechia experiences a negative net migration of 86,169, suggesting an outflow, while Slovenia has a positive net migration of 3,319.

Economy

The economic landscape of Czechia and Slovenia reveals distinct characteristics. For 2024, Czechia's GDP per capita is $31,707, slightly lower than Slovenia's $34,089. In terms of GDP per capita, purchasing power parity (PPP), Czechia leads slightly with $56,806 compared to Slovenia's $56,531. Exports as a percentage of GDP indicate Czechia at 69.2% and Slovenia significantly higher at 81.5%, revealing a stronger reliance on exports in Slovenia. Import figures as a percentage of GDP follow a similar trend, with Czechia at 62.7% and Slovenia at 74.9%. The inflation rate shows Czechia at 2.4%, higher than Slovenia's 2%. Finally, foreign direct investment in percentages reveals Czechia at 3.8% against Slovenia's 2.7%, indicating a more attractive investment environment in Czechia in recent years.

Trade and Investment

In the realm of trade and investment, Czechia demonstrates robust economic activity. The current account balance for Czechia is 1.8% of GDP, while Slovenia maintains a healthier 4.5%. This indicates prudent economic management in Slovenia. Both countries are competitive in securing foreign direct investment, but Czechia stands more favorable at 3.8% compared to Slovenia's 2.7%. The logistics performance index for trade and transport infrastructure favors Slovenia slightly with a score of 3.6 against Czechia's 3. This highlights Slovenia's relatively effective transport framework, crucial for trade efficiency.

Governance and Institutions

Czechia and Slovenia rank similarly in various governance metrics, yet some differences are notable. Both countries have the same score for control of corruption at 0.8. Czechia ranks better in government effectiveness (1.1) compared to Slovenia (1.0), and in regulatory quality, Czechia scores 1.3 while Slovenia is at 0.7. However, Slovenia performs better in terms of political stability and absence of violence, scoring 0.8 compared to Czechia's 1, suggesting that Slovenia may have a lower risk of political unrest.

Infrastructure and Technology

Czechia and Slovenia have made strides in infrastructure development. Czechia registers a higher score of 86% for individuals using the internet compared to Slovenia at 90.4%. In terms of logistics performance related to trade and transport infrastructure, Czechia scores 3, while Slovenia stands higher at 3.6, thereby suggesting better-developed transport facilities in Slovenia. Moreover, patent applications from residents show Czechia outperforming Slovenia, with 541 applications against 222, hinting at a more innovation-driven economy in Czechia.

Environment and Sustainability

The environmental landscape shows contrasting approaches to sustainability. Slovenia excels in renewable energy consumption at 23.4% of total final energy consumption, significantly higher than Czechia's 17.2%. Czechia experiences a higher level of water stress, drawing 20.5% of its freshwater resources compared to Slovenia's 6.3%, indicating a more sustainable water management approach in Slovenia. In terms of greenhouse gas emissions, Czechia has a higher per capita emission rate at 10.5 tonnes CO2e relative to Slovenia's 7.5 tonnes, showcasing Slovenia's more effective climate policies.