Czechia vs Spain development indicators, 2024

Indicator	Czechia, Value	Spain, Value	Czechia, Rank	Spain, Rank	Czechia as % of Spain
Current account balance (% of GDP)	1.75	3.03	43	32	57.9 %
Exports of goods and services (% of GDP)	69.2	37.3	25	66	186 %
Foreign direct investment, net inflows (% of GDP)	3.78	1.89	31	58	200 %
GDP per capita (current US$)	31,707	35,297	40	34	89.8 %
GDP per capita, PPP (current international US$)	56,806	56,926	33	32	99.8 %
Imports of goods and services (% of GDP)	62.7	33	31	87	190 %
Inflation, consumer prices (annual %)	2.44	2.77	98	90	87.8 %
Net migration	-86,169	111,674	198	18
Population, total	10,882,164	48,807,137	86	32	22.3 %

Demography and Health

Czechia has a crude birth rate of 8.4 per 1,000 people compared to Spain's 6.7, placing it in a favorable position (53rd rank versus Spain's 79th). However, Czechia sees a higher crude death rate of 10.4 compared to Spain's 9.0, ranking 45th and 66th respectively. The life expectancy at birth reflects a notable gap, with Czechia at 79.9 years (52nd rank) and Spain leading significantly at 83.9 years (1st rank). In terms of child health, the under-5 mortality rate in Czechia is 2.6 per 1,000 live births, slightly better than Spain's 3.1 (66th vs. 56th rank). Migration trends show a negative net migration for Czechia at -86,169, while Spain enjoys a positive influx with 111,674, ranking 104th and 19th respectively. Both countries have a prevalence of undernourishment at 2.5%, putting them in a strong position (3rd rank). Czechia has a slightly higher number of physicians per 1,000 people (4.3) than Spain (4.5), ranking 13th versus 9th.

Economy

The economic framework of Czechia is characterized by a high exports-to-GDP ratio of 69.2%, significantly higher than Spain's 37.3%, which ranks Czechia at 51st and Spain at 98th. In terms of GDP per capita, Czechia stands at $31,707 (57th rank) while Spain is ahead with $35,297 (51st rank). Interestingly, when adjusted for purchasing power parity (PPP), Czechia's GDP per capita is $56,806, slightly lagging behind Spain's $56,926 (46th and 45th ranks respectively). Coming to inflation, Czechia fares better with an annual consumer inflation rate of 2.4% compared to Spain's 2.8%, ranked 85th and 75th respectively. The unemployment rate is markedly lower in Czechia at 2.6% (80th rank) versus 12.2% in Spain (5th rank).

Trade and Investment

Czechia's economy exhibits robust international engagement, reflected in its net foreign direct investment inflows at 3.8% of GDP, compared to Spain's 1.9% (46th vs. 77th rank). Similarly, the current account balance also favors Czechia at 1.8% of GDP, while Spain achieves 3%, ranking 39th and 30th respectively. Czechia has a higher import-to-GDP ratio at 62.7%, significantly exceeding Spain's 33% (54th and 103rd ranks), revealing its integrated role in international trade.

Governance and Institutions

In terms of governance, Czechia demonstrates stronger political stability and absence of violence/terrorism, scoring 1 in this area and ranking 5th, while Spain scores poorly at 0.3, leading to a ranking of 78th. Both countries also show differences in regulatory environments, with Czechia rated at 1.3 on regulatory quality (31st rank) as against Spain's 0.7 (60th rank). Furthermore, the control of corruption index also favors Czechia at 0.8 (37th rank) over Spain's 0.6 (50th rank). Government effectiveness is assessed higher for Czechia at 1.1 versus Spain's 0.8 (33rd vs. 51st rank). However, the rule of law is moderately better in Czechia at 1.1 compared to Spain's 0.8, confirming Czechia's relatively more robust legal system.

Infrastructure and Technology

Infrastructure quality is an essential aspect where Czechia rates lower in the logistics performance index with a score of 3 against Spain's 3.8 (24th and 8th ranks respectively). The adoption of technology, reflected through Internet usage, shows Czechia with 86% of the population using the Internet, contrasted by Spain's lead at 95.4%, ranking them at 67th and 14th respectively. Research and development expenditure stands at 2% of GDP for Czechia, which is substantially better than Spain's 1.4% (20th vs. 29th rank). Additionally, Czechia leads in patent applications at 541, while Spain records 1,308 applications, ranking 14th and 9th respectively.

Environment and Sustainability

In terms of environmental sustainability, Czechia utilizes 17.2% renewable energy consumption against Spain's 19%, earning both countries a respectable position (19th and 15th ranks). However, their performance diverges significantly regarding water stress; Czechia's withdrawal is at 20.5%, while Spain’s is much higher at 43.3%, marking them at 13th and 3rd ranks respectively. Total greenhouse gas emissions per capita indicate a worrying trend for Czechia at 10.5 t CO2e, compared to Spain’s more favorable 5.9 t CO2e, ranking them at 13th and 67th respectively, highlighting the environmental challenge Czechia faces compared to Spain.