France France vs Greece Greece development indicators, 2024

Indicator
France
France, Value
Greece
Greece, Value
France
France, Rank
Greece
Greece, Rank
France France as % of
Greece Greece
Current account balance (% of GDP) 0.392 -6.38 49 95
Exports of goods and services (% of GDP) 33.2 42 75 54 79.2 %
Foreign direct investment, net inflows (% of GDP) 1.75 2.51 63 47 69.9 %
GDP per capita (current US$) 46,150 24,752 26 49 186 %
GDP per capita, PPP (current international US$) 61,322 44,074 28 50 139 %
Imports of goods and services (% of GDP) 34 47.3 85 59 71.8 %
Inflation, consumer prices (annual %) 2 2.74 114 93 72.9 %
Net migration 90,527 -122,772 20 202
Population, total 68,516,699 10,388,805 23 93 660 %

Demography and Health

France has a crude birth rate of 9.9 per 1,000 people compared to Greece's 6.8, indicating a higher population growth potential in France. However, France's crude death rate is slightly lower at 9.2 per 1,000 people versus Greece's 12.2, which may reflect better healthcare and living conditions. Life expectancy at birth in France stands at 82.9 years, above Greece’s 81.5 years, showcasing a slightly healthier population. The under-5 mortality rate is lower in France at 4.3 per 1,000 live births compared to Greece’s 3.7, indicating better health outcomes for infants in Greece. Furthermore, France demonstrates better net migration with an influx of 90,527 individuals, while Greece experiences a significant outflow of -122,772 migrants.

Economy

France has a higher GDP per capita of $46,150 compared to Greece's $24,752, positioning France economically more robustly. The GDP per capita on a purchasing power parity basis also reflects this, with France at $61,322 and Greece at $44,074. In terms of economic activity, France's exports of goods and services make up 33.2% of GDP, lower than Greece's 42%. Conversely, Greece's imports comprise 47.3% of GDP, against France’s 34%. France has a lower inflation rate at 2% compared to Greece's 2.7%, which may suggest a more stable economic environment. Additionally, the poverty headcount ratio is also lower in France at 15.6%, as opposed to Greece's 18.8%, while unemployment stands at 7.3% for France, compared to 11% in Greece.

Trade and Investment

Foreign direct investment inflows as a percentage of GDP are lower in France at 1.8% than Greece at 2.5%, indicating a potentially more welcoming environment for foreign investments in Greece. However, the current account balance is favorable for France at 0.4%, while Greece faces a $6.4% deficit, suggesting issues in balancing trade and foreign investments. This economic performance affects the long-term attractiveness of each country for foreign investors.

Governance and Institutions

In terms of governance, France scores better than Greece in various metrics. The Control of Corruption index shows France with a score of 1.2, significantly higher than Greece’s 0.1, indicating greater integrity in public sector governance. Similarly, Government Effectiveness is rated at 1.1 in France compared to Greece’s 0.1, suggesting more efficient administration and service delivery in France. The Rule of Law index similarly places France at 1.2 versus Greece’s 0.2, highlighting stronger legal frameworks and protections in France. Unemployment figures also highlight France's governance effectiveness in the labor market.

Infrastructure and Technology

France ranks higher in logistics performance with a score of 3.8 compared to Greece's 3.7, indicating better-quality trade and transport-related infrastructure. Internet usage is marginally higher in France at 86.8% of the population, compared to Greece's 85%, reflecting slightly better access to technology. Furthermore, the expenditure on research and development as a percentage of GDP is higher in France at 2.2%, suggesting a stronger focus on innovation compared to Greece's 1.5%.

Environment and Sustainability

Greece exhibits a greater percentage of energy consumption from renewable sources at 21.5%, as opposed to France's 16.2%, indicating a more sustainable energy profile. However, France produces less greenhouse gas emissions per capita at 5.6 tons compared to Greece’s 6.7 tons, reflecting better environmental practices in France. Regarding water stress, both countries exhibit low to moderate water challenges, with France at 21.6% and Greece at 20.7% regarding freshwater resources. Each country's commitment to sustainability and environmental protection differs, impacting their long-term ecological footprints and international reputations.