Estonia Estonia vs Slovenia Slovenia development indicators, 2024

Indicator
Estonia
Estonia, Value
Slovenia
Slovenia, Value
Estonia
Estonia, Rank
Slovenia
Slovenia, Rank
Estonia Estonia as % of
Slovenia Slovenia
Current account balance (% of GDP) -1.15 4.46 64 25
Exports of goods and services (% of GDP) 76.3 81.5 15 12 93.5 %
Foreign direct investment, net inflows (% of GDP) -8.18 2.69 105 44
GDP per capita (current US$) 31,170 34,089 41 36 91.4 %
GDP per capita, PPP (current international US$) 49,334 56,531 44 34 87.3 %
Imports of goods and services (% of GDP) 75.7 74.9 15 16 101 %
Inflation, consumer prices (annual %) 3.52 1.97 62 115 179 %
Net migration -7,742 3,319 147 60
Population, total 1,371,986 2,126,324 155 148 64.5 %

Demography and Health

Estonia and Slovenia exhibit similar birth rates as both hold a rate of 8 births per 1,000 people. However, Estonia has a slightly higher death rate at 11.7 compared to Slovenia's 10.2. In terms of life expectancy, Slovenia surpasses Estonia significantly with 82 years compared to Estonia's 78.5 years. The under-5 mortality rate reveals a small difference where Estonia stands at 2.1 per 1,000 live births while Slovenia is at 2.2. Regarding population figures, Estonia has 1.4 million residents versus Slovenia's 2.1 million. Net migration shows a significant discrepancy with Estonia experiencing a negative net migration of -7,742 compared to Slovenia's positive 3,319.

Economy

In 2024, Estonia's GDP per capita (current US$) is at $31,170 which is lower than Slovenia's $34,089, placing Estonia at rank 59 while Slovenia ranks 52. When evaluating GDP per capita in Purchasing Power Parity (PPP), Estonia scores $49,334, which again falls short of Slovenia's $56,531, reflecting the economic disparities between the two nations. Exports as a percentage of GDP are slightly lower for Estonia at 76.3% compared to Slovenia's 81.5%. On the inflation front, Estonia faces a higher consumer price inflation rate of 3.5% against Slovenia's more stable 2%.

Trade and Investment

Estonia shows a higher import of goods and services as 75.7% of its GDP compared to Slovenia's 74.9%. Foreign direct investment (FDI) inflows portray a stark contrast, wherein Estonia has net inflows of -8.2% of GDP, indicating capital outflow, in contrast to Slovenia’s 2.7% inflow. Slovenia also maintains a healthier current account balance at 4.5% of GDP, whereas Estonia reports a deficit of -1.1%.

Governance and Institutions

On governance metrics, Estonia has a better ranking in control of corruption with a score of 1.5 compared to Slovenia’s 0.8, illustrating stronger governance frameworks. Both countries experience higher political stability with Slovenia rated at 0.8 in comparison to Estonia's 0.7. However, regulation quality favors Estonia (1.4) over Slovenia (0.7), indicating a stronger regulatory environment. When focusing on government effectiveness, Estonia again leads with a rank of 1.3 while Slovenia sits at 1.0.

Infrastructure and Technology

Estonia's logistics performance index stands at 3.5, demonstrating solid performance in trade and transport-related infrastructure while Slovenia slightly edges out with a score of 3.6. Estonia also has a high internet usage rate with 93.2% of its population connected, comparatively higher than Slovenia’s 90.4%. However, Estonia lags in research and development expenditure at 1.8% of GDP compared to Slovenia's 2.1%, which has implications for long-term economic innovation.

Environment and Sustainability

In 2021, Estonia demonstrates a stronger commitment to renewable energy, consuming 38% of its total final energy consumption from renewable sources compared to Slovenia's 23.4%. However, Estonia records higher total greenhouse gas emissions per capita at 10.5 tons CO2e compared to Slovenia’s 7.5 tons. In terms of water stress, Estonia experiences a greater challenge, with a water withdrawal ratio of 10.8% against Slovenia's more sustainable 6.3%. Furthermore, both nations have a low prevalence of undernourishment at 2.5%, indicating that food security is not a critical concern in either country.