Denmark Denmark vs Lithuania Lithuania development indicators, 2024

Indicator
Denmark
Denmark, Value
Lithuania
Lithuania, Value
Denmark
Denmark, Rank
Lithuania
Lithuania, Rank
Denmark Denmark as % of
Lithuania Lithuania
Current account balance (% of GDP) 13 2.48 8 35 526 %
Exports of goods and services (% of GDP) 69.7 74.1 24 19 94.1 %
Foreign direct investment, net inflows (% of GDP) 4.21 4.24 26 24 99.5 %
GDP per capita (current US$) 71,852 29,386 11 44 245 %
GDP per capita, PPP (current international US$) 79,514 54,414 13 37 146 %
Imports of goods and services (% of GDP) 58.9 68.9 36 24 85.5 %
Inflation, consumer prices (annual %) 1.37 0.716 129 145 192 %
Net migration 25,639 2,617 34 61 980 %
Population, total 5,976,992 2,888,055 114 138 207 %

Demography and Health

Denmark has a birth rate of 9.7 per 1,000 people compared to Lithuania's 7.2, indicating a slightly more favorable demographic growth environment. Conversely, Lithuania struggles with a higher death rate of 12.9 compared to Denmark's 9.8, reflecting better overall health conditions in Denmark. The life expectancy at birth is also higher in Denmark at 81.9 years versus Lithuania's 77 years, underscoring the stronger healthcare systems and living conditions in Denmark. In terms of child mortality, both countries have a similar under-5 mortality rate of 3.4 per 1,000 live births. Moreover, Denmark demonstrates a lower poverty headcount ratio at 12.4% of the population, while Lithuania has a more significant challenge at 20.9%. Interestingly, both nations show the same prevalence of undernourishment at 2.5% of the population, suggesting a good level of food security in both nations. Mental health is a pressing issue for Lithuania, as evidenced by its high suicide mortality rate of 22.1 per 100,000 population, contrasting sharply with Denmark's 10.5.

Economy

Denmark exhibits a significantly higher GDP per capita, standing at $71,852 compared to Lithuania's $29,386. This not only illustrates the more advanced economic development in Denmark but also suggests a higher standard of living. In terms of purchasing power parity (PPP), Denmark again leads with $79,514 compared to Lithuania's $54,414. Regarding economic structure, Denmark's economy is heavily reliant on exports, with exports accounting for 69.7% of GDP, while Lithuania's rate is slightly higher at 74.1%, ranking them 50th and 45th respectively. Both countries show low inflation rates, with Denmark experiencing 1.4%, slightly higher than Lithuania's 0.7%.

Trade and Investment

In terms of foreign direct investment (FDI), both Denmark and Lithuania report net inflows of 4.2% of GDP, indicating a comparable attraction for international investors. However, Denmark's superior logistics performance index, rated 4.1 compared to Lithuania's 3.5, suggests that Denmark offers a better environment for trade and transport, which could attract higher-quality investments. This is further supported by the current account balance, where Denmark shows a surplus at 13% of GDP versus Lithuania's more modest 2.5%, indicating better international trade positioning. Denmark's high-technology exports amount to $16.1 billion compared to Lithuania's $3.7 billion, reflecting a stronger emphasis on high-value industries in Denmark.

Governance and Institutions

Denmark ranks highly in governance and institutional effectiveness. With a score of 2.4 in the control of corruption, it ranks 2nd globally, showcasing a robust legal and regulatory framework. In contrast, Lithuania scores only 0.8 and ranks 35th, indicating challenges in corruption control. Similarly, Denmark excels in government effectiveness with a score of 2.0, while Lithuania scores 1.1, placing it 38th. Notably, Denmark also ranks better in regulatory quality and rule of law, with scores of 1.8 and 1.9, compared to Lithuania’s 1.3 in both categories. Political stability is more pronounced in Denmark, scoring 0.9 and ranking 20th versus Lithuania's 0.7 and 30th ranking, indicating a more secure and stable governance environment in Denmark.

Infrastructure and Technology

The logistics performance index further highlights Denmark's advantages, with a score of 4.1 compared to Lithuania's 3.5, indicating that Denmark has superior trade and transport-related infrastructure. Denmark's investment in research and development stands at 2.9% of GDP, compared to Lithuania's 1.1%, promoting technological advancements and innovation more effectively. Furthermore, the number of patent applications by residents in Denmark is significantly higher, with 1,090 applications in 2021 compared to only 81 in Lithuania. Such indicators suggest that Denmark fosters a more vibrant environment for innovation.

Environment and Sustainability

Denmark is a leader in sustainability, with 39.5% of its total final energy consumption derived from renewable sources, surpassing Lithuania’s 33.2%. However, both countries are aligned in terms of total greenhouse gas emissions per capita, with Denmark at 7 t CO2e/capita and Lithuania slightly higher at 7.2 t. Denmark's water stress level is also more favorable, with only 26.4% of its freshwater withdrawal compared to Lithuania's low 1.8%, suggesting better water management practices in Denmark. The focus on sustainable practices in Denmark reflects a national commitment to addressing environmental issues more aggressively than in Lithuania.