Greece vs Slovenia development indicators, 2024

Demography and Health

Greece has a birth rate of 6.8 per 1,000 people, which is slightly lower than Slovenia's rate of 8. This indicates a relatively low level of population growth for Greece, where the population is aging. The death rate for Greece stands at 12.2 per 1,000 people, considerably higher than Slovenia's 10.2, which may be a concern for health services and social support systems. In terms of life expectancy, Greeks live to an average of 81.5 years, just under Slovenia's 82 years. Additionally, the mortality rate for under-5 children is 3.7 in Greece, significantly higher compared to Slovenia's 2.2, reflecting disparities in healthcare quality. Greece faces negative net migration with a reduction of 122,772 individuals, while Slovenia has a modest positive net migration of 3,319 people.

Economy

In terms of economic performance, Greece's GDP per capita is $24,752, lagging behind Slovenia's $34,089. When adjusted for purchasing power parity, Greece’s GDP per capita is $44,074 compared to Slovenia’s $56,531. This suggests a lower standard of living in Greece relative to Slovenia. Greece's export of goods and services accounts for 42% of its GDP, while Slovenia boasts a significantly higher figure of 81.5%. Conversely, Greece's imports total 47.3% of its GDP, again less than Slovenia's 74.9%. Greece experiences a consumer price inflation rate of 2.7%, slightly higher than Slovenia's 2%. Furthermore, Greece's foreign direct investment inflows stand at 2.5% of GDP compared to Slovenia’s 2.7%.

Trade and Investment

Trade is a pivotal area where Slovenia excels; its exports of goods and services account for a higher percentage of GDP at 81.5%, while Greece's exports are at 42%. Moreover, Slovenia demonstrates a better current account balance of 4.5% of GDP, in stark contrast to Greece's -6.4%, indicating ongoing trade deficits that could impact economic stability and growth. Moreover, Slovenia's investment climate appears more appealing with respect to its foreign direct investment inflows and the overall percentage of imports, reflecting a robust engagement with international markets.

Governance and Institutions

Considering governance and institutional frameworks, Slovenia outperforms Greece in control of corruption indicators, scoring 0.8 compared to Greece's 0.1. This reflects a more effective regulatory environment in Slovenia. Government effectiveness is also measured, with Greece scoring 0.1 and Slovenia 1. This suggests that governmental services are more effectively delivered in Slovenia. The rule of law is another area of contrast, with Slovenia scoring significantly better at 1 compared to Greece's 0.2. Political stability is another critical area; Slovenia registers a politically stable environment (0.8) relative to Greece’s difficulties they face with political stability (0.2).

Infrastructure and Technology

In terms of infrastructure, both countries exhibit competent logistics performance, but Greece outshines Slovenia with a score of 3.7 compared to Slovenia's 3.6. This suggests that Greece has a slightly more efficient trade and transport-related infrastructure. Furthermore, internet penetration is high in both countries, with Greece having 85% of its population using the internet, slightly lower than Slovenia's 90.4%. This urban connectivity is critical for economic growth, innovation, and the country's overall development.

Environment and Sustainability

When considering environmental sustainability, Slovenia displays significantly lower water stress levels at 6.3% of available freshwater resources, compared to Greece's more concerning 20.7%. Slovenia also benefits from a slightly higher consumption of renewable energy, sitting at 23.4% against Greece's 21.5%. Regarding greenhouse gas emissions, Slovenia's per capita emissions are higher at 7.5 tons of CO2e annually compared to Greece's 6.7 tons. Although both countries face challenges, Slovenia shows a more favorable position in certain areas concerning sustainability and environmental protection.