Czechia vs Sweden development indicators, 2024

Demography and Health

Czechia and Sweden have notable differences in their demographic and health indicators. In 2023, Czechia's crude birth rate was 8.4 per 1,000 people, whereas Sweden's was 9.5, indicating a slightly higher fertility rate in Sweden, which ranks 28th compared to Czechia's 53rd place. Conversely, the crude death rate showed a higher value for Czechia at 10.4 per 1,000 compared to Sweden's 9, positioning Sweden in a better demographic health situation at rank 66 against Czechia's 45th. Life expectancy at birth also reflects Sweden's health advantage, reaching 83.3 years compared to Czechia's 79.9 years. However, under-5 mortality rates are similarly low in both countries, standing at 2.5 for Sweden and 2.6 for Czechia, indicating effective child healthcare policies. Both countries have a prevalence of undernourishment at 2.5%, demonstrating good food security. In terms of net migration, Czechia experienced a net outflow of 86,169 while Sweden welcomed 50,115 migrants, suggesting differing immigration trends. Overall, while Czechia performs well in certain health metrics, Sweden leads in demographic health status.

Economy

The economic landscapes of Czechia and Sweden differ significantly. In 2024, Czechia's GDP per capita stands at $31,707, while Sweden's is considerably higher at $57,723. This stark difference in income is also reflected in their GDP per capita, PPP values, which are $56,806 for Czechia and $71,030 for Sweden. Regarding external trade, Czechia's exports of goods and services constitute 69.2% of its GDP, significantly higher than Sweden's 54.6%, which reflects Czechia's integration into global markets. However, Czechia's imports are also high at 62.7% of GDP versus Sweden's 50.2%, indicating a high level of trade dependency. Inflation rates are relatively controlled with Czechia at 2.4% and Sweden at 2.8%, placed in ranks 85 and 74 respectively. Additionally, Czechia shows a stronger unemployment rate of 2.6%, far better than Sweden's 7.6%, underlining a robust labor market in Czechia. However, Sweden holds an advantage in foreign direct investment inflows and boasts a higher current account balance as a percentage of GDP at 7.4% compared to Czechia's 1.8%, indicative of a healthier economic position.

Trade and Investment

In terms of trade and investment, Czechia exhibits a strong export-oriented economy with exports representing 69.2% of GDP, which is significantly higher than Sweden's 54.6%. Conversely, Czechia also has a high import rate at 62.7% of GDP versus Sweden’s lower 50.2%. This dynamic points to a trade-dominant economy in Czechia, often associated with a production-focused industrial base. When examining foreign direct investment (FDI), Czechia has net inflows representing 3.8% of GDP while achieving a rank of 46, whereas Sweden fares better with 4.4% of GDP at rank 32. The difference in net FDI inflows hints at Sweden's more favorable climate for investors. Czechia’s logistics performance index ranks at 3, indicating room for improvement, while Sweden excels with a score of 4.2, reflecting superior trade and transport infrastructure. The discrepancy in logistics performance is significant as it influences the efficiency of international trade.

Governance and Institutions

Governance and institutional effectiveness show marked differences between the two countries. Sweden demonstrates superior scores in most governance indicators, with a control of corruption score of 2, compared to Czechia's 0.8, placing Sweden at rank 9 against Czechia's 37. Additionally, Sweden's Government Effectiveness and Rule of Law indicators rank significantly higher at 1.6 and 1.6, compared to Czechia’s 1.1 and 1.1. Political stability is another area where Czechia excels, scoring 1 compared to Sweden's 0.8, indicating lower levels of violence and terrorism. Regulatory Quality also showcases a gap with Sweden at 1.7 versus Czechia's 1.3. This reflects better regulatory frameworks in Sweden that can support its economic and social policies effectively.

Infrastructure and Technology

In terms of infrastructure and technology, both Czechia and Sweden have made significant advancements, but Sweden leads in many aspects. The logistics performance index showcases this, with Czechia scoring 3 and Sweden scoring a higher 4.2, indicating better quality in trade and transport-related infrastructure in Sweden. The percentage of individuals using the internet illustrates digital engagement, where Sweden leads at 95.7% compared to Czechia’s 86%. This digital divide points to greater accessibility and likely enhances productivity in Sweden. On innovation, the patent application figures also highlight the difference, with Czechia at 541 and Sweden leading with 1,771 applications in 2021, suggesting a more innovative environment in Sweden that fosters technology development and intellectual property protection.

Environment and Sustainability

Environmental sustainability metrics offer insights into both countries’ commitments. Sweden excels with renewable energy consumption at 57.9% compared to Czechia's 17.2%, which reveals significant investments and reliance on renewable sources in Sweden. Sweden's lower greenhouse gas emissions per capita at 4.7 tons compared to Czechia’s 10.5 tons reflects a greener policy framework and commitment to environmental sustainability. Furthermore, water stress levels are considerably lower in Sweden, with freshwater withdrawal at 3.6% of available resources, contrasting sharply with Czechia's 20.5%. This indicates a better management of freshwater resources in Sweden and perhaps a more sustainable approach to environmental policies. Overall, while both countries recognize environmental challenges, Sweden shows greater leadership in sustainability practices.