Ireland Ireland vs Italy Italy development indicators, 2024

Indicator
Ireland
Ireland, Value
Italy
Italy, Value
Ireland
Ireland, Rank
Italy
Italy, Rank
Ireland Ireland as % of
Italy Italy
Exports of goods and services (% of GDP) 148 32.7 5 77 451 %
GDP per capita (current US$) 107,316 40,226 3 28 267 %
GDP per capita, PPP (current international US$) 131,175 60,847 3 30 216 %
Imports of goods and services (% of GDP) 105 30.4 7 96 346 %
Inflation, consumer prices (annual %) 2.11 0.982 109 141 215 %
Net migration 39,059 95,246 28 19 41 %
Population, total 5,380,257 58,986,023 120 25 9.12 %

Demography and Health

According to the latest data from 2023, Ireland has a higher birth rate (10.3) compared to Italy (6.4), which ranks Ireland 13th globally against Italy's 81st rank. Conversely, Ireland's death rate (6.6) is significantly lower than Italy's (11.2), leading to ranks of 80th for Ireland and 38th for Italy. In terms of life expectancy, Ireland ranks 12th with 82.9 years, while Italy ranks 2nd at 83.7 years. Regarding child health, the under-5 mortality rate shows Ireland at 3.8, ranked 28th globally, while Italy's rate of 2.8 places it at rank 62. Lastly, Ireland's poverty headcount ratio stands at 14%, compared to Italy's higher rate of 20.1%, indicating a better socioeconomic environment for the Irish youth.

Economy

When comparing economic indicators in 2024, Ireland demonstrates a robust economy with a GDP per capita of $107,316, ranking 5th, while Italy’s GDP per capita is significantly lower at $40,226, ranking 42nd. High-technology exports are also higher in Ireland at $91.4 billion compared to Italy’s $52.2 billion, with ranks of 11th and 15th, respectively. Inflation rates are more favorable in Ireland at 2.1% compared to Italy’s 1.0%. Furthermore, Ireland exhibits higher percentages in exports (148% of GDP) and imports (105% of GDP) compared to Italy’s 32.7% and 30.4%, demonstrating a high level of economic activity.

Trade and Investment

As of 2024, Ireland’s export-oriented economy is evident with a remarkable exports-to-GDP ratio of 148%, making it rank 5th globally, contrasted by Italy's much lower rate of 32.7%, ranking 106th. This indicates that Ireland’s economy is heavily reliant on exports. Similarly, Ireland’s imports total 105% of GDP, again outperforming Italy’s 30.4%. In terms of net migration, Ireland has a net inflow of 39,059 individuals, which is significantly lower than Italy’s inflow of 95,246, indicating Italy's role as a more significant recipient of migration flows.

Governance and Institutions

In the realm of governance, data from 2023 show that Ireland surpasses Italy in various metrics. It holds a higher score in the Control of Corruption index (1.6) compared to Italy’s lower score of 0.6, reflecting better governance quality. Ireland also excels in Government Effectiveness (1.6 versus 0.6) and Regulatory Quality (1.7 versus 0.6), suggesting efficient functioning of public services. Political Stability is higher in Ireland, with a score of 0.9, ranking 12th, compared to Italy's lower stability score of 0.6. The Rule of Law also favors Ireland, with a score of 1.6 compared to Italy's 0.4.

Infrastructure and Technology

On the infrastructure front, Ireland and Italy have differing ratings. The Logistics Performance Index reflects a score of 3.5 for Ireland, ranking it 16th globally, while Italy holds a slightly better score of 3.8 but ranks 8th. However, when it comes to technology, Ireland excels with 96.5% of individuals using the Internet, ranking 11th, compared to Italy’s 87%, which ranks 61st. This suggests that Ireland has a more digitally connected populace.

Environment and Sustainability

In terms of environmental indicators, Italy leads in renewable energy consumption at 17.5% compared to Ireland's 12.7%, with ranks of 18th and 24th respectively. However, Ireland shows better results in the fresh water stress index, with 22.2% withdrawals relative to available resources against Italy’s higher proportion of 29.6%. Concerning greenhouse gas emissions, Ireland has higher emissions per capita at 10.9 t CO2e compared to Italy’s 6.3 t CO2e, which places Ireland 11th and Italy 62nd globally. These indicators highlight different environmental sustainability strategies in both countries, with Italy showing a proactive approach in renewable energy, while Ireland needs to address its higher emissions levels.