Greece Greece vs Netherlands Netherlands development indicators, 2024

Indicator
Greece
Greece, Value
Netherlands
Netherlands, Value
Greece
Greece, Rank
Netherlands
Netherlands, Rank
Greece Greece as % of
Netherlands Netherlands
Current account balance (% of GDP) -6.38 9.92 95 10
Exports of goods and services (% of GDP) 42 84.1 54 11 49.9 %
Foreign direct investment, net inflows (% of GDP) 2.51 -1.1 47 101
GDP per capita (current US$) 24,752 68,219 49 12 36.3 %
GDP per capita, PPP (current international US$) 44,074 84,218 50 11 52.3 %
Imports of goods and services (% of GDP) 47.3 72 59 20 65.7 %
Inflation, consumer prices (annual %) 2.74 3.35 93 65 81.9 %
Net migration -122,772 121,628 202 17
Population, total 10,388,805 17,994,237 93 71 57.7 %

Demography and Health

In 2023, Greece recorded a crude birth rate of 6.8 per 1,000 people, lower than the Netherlands' rate of 9.2, ranking Greece 77th compared to the Netherlands' 36th position. The crude death rate in Greece was higher at 12.2 per 1,000, placing it 29th globally, while the Netherlands had a lower rate of 9.5, ranking 62nd. Life expectancy at birth was slightly lower in Greece at 81.5 years compared to 81.9 years in the Netherlands. Additionally, Greece had a lower under-5 mortality rate of 3.7 per 1,000 live births, compared to 4 in the Netherlands. The total population of Greece stood at approximately 10.4 million, significantly smaller than the Netherlands' 18 million. Both countries had a prevalence of undernourishment at 2.5%, but Greece had a higher poverty headcount ratio at 18.8% compared to 14.5% in the Netherlands. Notably, Greece had a higher number of physicians per 1,000 people at 6.4, compared to the Netherlands' 3.9. However, mental health statistics showed a lower suicide mortality rate at 4.7 per 100,000 population in Greece versus 11.5 in the Netherlands, indicating better mental health outcomes in Greece.

Economy

Greece's economic metrics show significant challenges compared to the Netherlands. As of 2024, Greece's GDP per capita was $24,752, ranking it 76th globally, while the Netherlands boasted a much higher GDP per capita of $68,219, ranking 12th. In terms of purchasing power parity, Greece's GDP per capita stood at $44,074, which was again lower than the Netherlands at $84,218, where it ranked 9th. The exports of goods and services represented 42% of Greece's GDP, reflecting a substantial dependency on international trade, while the Netherlands had a remarkably higher figure of 84.1%, ranking it 31st. On the import side, Greece's imports accounted for 47.3% of its GDP, compared to 72% in the Netherlands. Inflation rates projected for 2024 were lower in Greece at 2.7%, compared to the Netherlands' rate of 3.3%.

Trade and Investment

In terms of foreign investment, Greece saw a net inflow representing 2.5% of GDP, contrasting sharply with the Netherlands, which experienced net outflows of -1.1%, indicating challenges in attracting foreign capital. Greece's current account balance, however, depicted a troubling deficit of -6.4% of GDP, while the Netherlands enjoyed a healthy surplus at 9.9%. This contrast underscores the Netherlands' position as a stronger player in international trade and investment, reflecting a healthy economic framework.

Governance and Institutions

Governance metrics showcase a substantial difference between the two countries. Greece scored 0.1 in Control of Corruption, ranking 70th, while the Netherlands scored 1.9 and ranked 14th. Similarly, in Government Effectiveness, Greece was at 0.1 (75th) compared to the Netherlands' score of 1.6 (11th). The Rule of Law in Greece rated 0.2, ranking 78th, versus the Netherlands' score of 1.6 (17th). Political stability was another area where Greece struggled, recorded at 0.2 and ranking 79th, while the Netherlands achieved a score of 0.7, and ranked 44th. Finally, regulatory quality in Greece was also low at 0.6 (66th), while the Netherlands stood at 1.8 (8th).

Infrastructure and Technology

Both nations show varied profiles in infrastructure and technology. Greece had a logistics performance index score of 3.7, ranking 11th, indicating relatively sound infrastructure though not as robust as the Netherlands, which ranked 2nd with a score of 4.2. In terms of technology adoption, Greece reported that 85% of its population used the Internet, whereas the Netherlands led with a higher usage rate of 97%, ranking it 9th worldwide.

Environment and Sustainability

Environmental performance differed notably between the two countries. Greece had a renewable energy consumption rate of 21.5% as part of its total final energy consumption, ranking 12th, higher than the Netherlands' 12.2%, which ranked 25th. In terms of greenhouse gas emissions, Greece emitted 6.7 tons of CO2e per capita, compared to 8.4 tons in the Netherlands. Water stress was also a concern, with Greece withdrawing 20.7% of its available freshwater resources versus the Netherlands’ 16.1%, highlighting the need for improved water management in Greece.