Denmark Denmark vs Slovenia Slovenia development indicators, 2024

Indicator
Denmark
Denmark, Value
Slovenia
Slovenia, Value
Denmark
Denmark, Rank
Slovenia
Slovenia, Rank
Denmark Denmark as % of
Slovenia Slovenia
Current account balance (% of GDP) 13 4.46 8 25 292 %
Exports of goods and services (% of GDP) 69.7 81.5 24 12 85.5 %
Foreign direct investment, net inflows (% of GDP) 4.21 2.69 26 44 157 %
GDP per capita (current US$) 71,852 34,089 11 36 211 %
GDP per capita, PPP (current international US$) 79,514 56,531 13 34 141 %
Imports of goods and services (% of GDP) 58.9 74.9 36 16 78.6 %
Inflation, consumer prices (annual %) 1.37 1.97 129 115 69.8 %
Net migration 25,639 3,319 34 60 772 %
Population, total 5,976,992 2,126,324 114 148 281 %

Demography and Health

Denmark and Slovenia share similarities in key demographic indicators, but they also exhibit notable differences. As of 2023, Denmark has a birth rate of 9.7 per 1,000 people compared to Slovenia's 8, placing Denmark at rank 24 and Slovenia at rank 64. In terms of death rates, Denmark's rate stands at 9.8 while Slovenia's is 10.2, ranking Denmark at 54 and Slovenia at 49. Both countries maintain a stable prevalence of undernourishment, at 2.5% of the population. Life expectancy at birth is slightly higher in Slovenia at 82 years compared to Denmark's 81.9 years. However, Denmark has a lower mortality rate under 5 years old at 3.4 per 1,000 live births versus Slovenia's 2.2. Notably, Denmark has a significantly higher net migration rate at 25,639 compared to Slovenia's 3,319, indicating stronger demographic growth through immigration.

Economy

Economically, Denmark has a higher GDP per capita, at $71,852 compared to Slovenia's $34,089, positioning Denmark at rank 9 and Slovenia at rank 52 for this indicator. In purchasing power parity (PPP), Denmark again leads with $79,514 versus Slovenia's $56,531, illustrating stronger economic output among its population. However, Slovenia has a higher export ratio (% of GDP), with exports at 81.5% compared to Denmark's 69.7%, indicating a more export-oriented economy. Denmark also experiences lower inflation rates at 1.4% relative to Slovenia's 2%. While Denmark has a higher current health expenditure at 9.4% of GDP, both nations invest in healthcare at similar levels when considering the percentage of GDP.

Trade and Investment

In terms of trade, Denmark's import ratios stand at 58.9% of GDP, while Slovenia's is significantly higher at 74.9%. The stronger export performance of Slovenia is denoted by its 34th rank for exports versus Denmark's 50th. Foreign direct investment also shows Denmark faring better with a net inflow of 4.2% of GDP compared to Slovenia's 2.7%, ranking them at 36 and 65, respectively. High-tech exports illustrate a substantial gap, with Denmark exporting $16.1 billion against Slovenia's $4.2 billion, highlighting Denmark's competitive edge in high-value technology sectors.

Governance and Institutions

Denmark ranks highly in governance and institutional quality, exemplified by a Control of Corruption score of 2.4 versus Slovenia's 0.8, placing Denmark in second compared to Slovenia’s 36th rank. The Government Effectiveness indicator also reflects Denmark's superior governance at a score of 2, ranking first, while Slovenia ranks 39th with a score of 1. At 1.9, Denmark’s Rule of Law score is markedly higher than Slovenia's 1, which indicates a more effective legal system in Denmark. Political stability and absence of violence are also strengths for both countries, but Denmark ranks 20th with a score of 0.9, slightly ahead of Slovenia at 22nd with a score of 0.8.

Infrastructure and Technology

When considering infrastructure, Denmark scores better on the Logistics Performance Index with a score of 4.1 (ranked 5) versus Slovenia's 3.6 (ranked 13). This rating speaks to the quality of trade and transport-related infrastructure in Denmark. Furthermore, the number of patent applications from residents also showcases Denmark’s innovation capacity, with 1,090 applications versus Slovenia’s 222, indicating that Denmark is likely more competitive in technological advancements and intellectual property.

Environment and Sustainability

Regarding sustainability, Denmark stands out with 39.5% of its total final energy consumption coming from renewable sources compared to Slovenia's 23.4%, ranking Denmark 4th in this area versus Slovenia's 11th. The level of water stress is notably different as well, with Denmark showing higher stress at 26.4% compared to Slovenia's 6.3%. Both countries perform closely in total greenhouse gas emissions per capita, with Denmark at 7 t CO2e and Slovenia at 7.5 t CO2e, indicating that both nations face challenges in reducing emissions but Denmark's commitment to renewable energy is particularly noteworthy. Denmark's proactive approach in research and development expenditure at 2.9% of GDP compared to Slovenia’s 2.1% further emphasizes its commitment to sustainability and innovation.