France France vs Italy Italy development indicators, 2024

Indicator
France
France, Value
Italy
Italy, Value
France
France, Rank
Italy
Italy, Rank
France France as % of
Italy Italy
Current account balance (% of GDP) 0.392 1.13 49 45 34.7 %
Exports of goods and services (% of GDP) 33.2 32.7 75 77 102 %
Foreign direct investment, net inflows (% of GDP) 1.75 0.918 63 74 191 %
GDP per capita (current US$) 46,150 40,226 26 28 115 %
GDP per capita, PPP (current international US$) 61,322 60,847 28 30 101 %
Imports of goods and services (% of GDP) 34 30.4 85 96 112 %
Inflation, consumer prices (annual %) 2 0.982 114 141 203 %
Net migration 90,527 95,246 20 19 95 %
Population, total 68,516,699 58,986,023 23 25 116 %

Demography and Health

France has a crude birth rate of 9.9 per 1,000 people, significantly higher than Italy's 6.4, indicating a younger demographic trend in France. The death rate in France is 9.2 per 1,000, which is lower than Italy's 11.2, reflecting a comparatively healthier population. Life expectancy at birth shows France at 82.9 years, while Italy leads slightly at 83.7 years. The under-5 mortality rate is also lower in France at 4.3 per 1,000 live births compared to Italy's 2.8, which contradicts the overall health database. The poverty headcount ratio is 15.6% in France, with Italy at a higher 20.1%, indicating a larger segment of the Italian population living in poverty. Mental health issues may be more prevalent in France, as evidenced by the suicide mortality rate of 16.6 per 100,000 population, markedly higher than Italy's 7.

Economy

France's GDP per capita stands at $46,150, surpassing Italy's $40,226, showcasing France's stronger economic performance. However, GDP per capita based on purchasing power parity is closer, with France at $61,322 and Italy at $60,847. Both countries have similar inflation rates, with France at 2% and Italy at 1%, indicating stable consumer pricing. The unemployment rate is slightly lower in France at 7.3% compared to Italy’s 7.6%, which may imply a better job market in France.

Trade and Investment

In terms of global trade, France's exports of goods and services represent 33.2% of its GDP, while Italy follows closely at 32.7%. Looking at foreign direct investment, France has net inflows of 1.8% of GDP, whereas Italy stands at 0.9%. This reflects a more attractive investment climate in France. Additionally, high-technology exports are significantly higher in France at $115.3 billion compared to Italy’s $52.2 billion, indicating a more advanced technology sector. Both countries have a similar logistics performance index, maintaining a score of 3.8, showing equal competencies in trade and transport infrastructure.

Governance and Institutions

France ranks higher in governance measures, with a Control of Corruption score of 1.2 compared to Italy's 0.6, suggesting more effective management and lower corruption levels. Government Effectiveness and Regulatory Quality scores follow a similar pattern, with France at 1.1 and 1.2 respectively, while Italy's figures are lower, at 0.6 for both indicators. The Rule of Law indicator in France is also superior at 1.2 against Italy's 0.4. Political stability in Italy appears more favorable at 0.6 compared to France's lower score of 0.3, pointing to reduced perceptions of violence and overall governmental stability in Italy.

Infrastructure and Technology

Both countries exhibit strong performances on the logistics performance index, ranking equally with a score of 3.8, indicating efficient trade and transport infrastructures. Internet usage in both countries is high, with France at 86.8% and Italy at 87%, demonstrating widespread access to digital technologies. However, France leads in innovation, shown by a higher number of patent applications per capita at 13,386 compared to Italy's 10,281, indicating a more robust research environment.

Environment and Sustainability

In terms of renewable energy consumption, France utilizes 16.2% of its total energy from renewable sources, whereas Italy leads slightly with 17.5%. However, the level of water stress as a proportion of freshwater resources is lower in France (21.6%) compared to Italy (29.6%), indicating a more sustainable water management strategy in France. Additionally, total greenhouse gas emissions per capita in France are lower at 5.6 t CO2e/capita against Italy's 6.3 t CO2e/capita, suggesting that France has a more environmentally friendly footprint.