France France vs Slovakia Slovakia development indicators, 2024

Indicator
France
France, Value
Slovakia
Slovakia, Value
France
France, Rank
Slovakia
Slovakia, Rank
France France as % of
Slovakia Slovakia
Current account balance (% of GDP) 0.392 -2.75 49 80
Exports of goods and services (% of GDP) 33.2 85.2 75 9 39 %
Foreign direct investment, net inflows (% of GDP) 1.75 2.53 63 46 69.4 %
GDP per capita (current US$) 46,150 26,148 26 46 176 %
GDP per capita, PPP (current international US$) 61,322 47,181 28 49 130 %
Imports of goods and services (% of GDP) 34 85 85 11 40 %
Inflation, consumer prices (annual %) 2 2.76 114 92 72.5 %
Net migration 90,527 -21,027 20 170
Population, total 68,516,699 5,422,069 23 119 1,264 %

Demography and Health

France has a total population of approximately 68.5 million, significantly larger than Slovakia's 5.4 million. The birth rate in France stands at 9.9 per 1,000 people, slightly higher than Slovakia’s 9. Although the crude death rate is slightly lower in France at 9.2 compared to Slovakia's 10. Life expectancy at birth in France is higher at 82.9 years versus Slovakia’s 78 years. In terms of children's health, the mortality rate under-5 is also lower in France, with 4.3 per 1,000 live births compared to Slovakia’s 6.1. Additionally, France has a lower prevalence of undernourishment at 2.5% of the population compared to 3.6% in Slovakia.

Economy

France has a GDP per capita of $46,150, significantly higher than Slovakia's $26,148. Adjusted for purchasing power parity (PPP), France's GDP per capita is also higher at $61,322 compared to Slovakia’s $47,181. While the inflation rate in France is lower at 2%, compared to Slovakia’s 2.8%, France sees a lower percentage of its GDP from high-technology exports, with $115.3 billion, which ranks 4th globally, while Slovakia has $10.1 billion in high-tech exports, ranking 41st. However, the country also faces a current account balance of 0.4% of GDP, whereas Slovakia has a negative balance of -2.7%. On the other hand, Slovakia has a higher foreign direct investment inflow at 2.5% of GDP compared to France's 1.8%.

Trade and Investment

In terms of international trade, France exports 33.2% of its GDP, whereas Slovakia has a strikingly higher percentage at 85.2%. This indicates Slovakia's economy is more reliant on exports compared to France. Conversely, both countries have high import percentages with France at 34% and Slovakia at 85%. France ranks 105th in exports while Slovakia ranks 29th, highlighting its substantial participation in global trade. Nevertheless, these figures reflect different economic structures: France has a more diversified economy, while Slovakia specializes heavily in trade.

Governance and Institutions

In governance, France performs better with a Control of Corruption score of 1.2 compared to Slovakia’s 0.3, ranking 32nd and 62nd, respectively. In terms of Government Effectiveness, France again leads with a score of 1.1, while Slovakia significantly lags at 0.2. Furthermore, France displays better adherence to the Rule of Law with a score of 1.2, in contrast to Slovakia’s 0.6. The political stability score reveals France's higher risk of violence and terrorism at 0.3 versus Slovakia's 0.6. While both countries have their governance challenges, the data suggest that France generally has stronger institutions.

Infrastructure and Technology

Concerning infrastructure, France boasts a Logistics Performance Index of 3.8, ranking 8th, compared to Slovakia's score of 3.3 which ranks 20th. This indicates that France has superior trade and transport-related infrastructure. Additionally, France leads in the number of patent applications, showcasing its innovative capacity with 13,386 applications versus Slovakia's mere 146. However, the research and development expenditure in France at 2.2% of GDP is considerably higher than Slovakia's 1%, indicating a stronger commitment to fostering technological advancements.

Environment and Sustainability

When it comes to environmental sustainability, France's renewable energy consumption is recorded at 16.2%, slightly lower than Slovakia's 17.9%. Nonetheless, France exhibits lower greenhouse gas emissions at 5.6 tons per capita compared to Slovakia’s 8.3 tons. In terms of water resource management, France has a higher level of water stress with 21.6% freshwater withdrawal, contrasting with Slovakia’s mere 2.4%, pointing towards Slovakia’s better management of its water resources. However, both countries showcase varying degrees of commitment to sustainability, with France exhibiting worse performance in some areas while leading in others.