Italy Italy vs Poland Poland development indicators, 2024

Indicator
Italy
Italy, Value
Poland
Poland, Value
Italy
Italy, Rank
Poland
Poland, Rank
Italy Italy as % of
Poland Poland
Current account balance (% of GDP) 1.13 0.196 45 52 577 %
Exports of goods and services (% of GDP) 32.7 52.3 77 37 62.6 %
Foreign direct investment, net inflows (% of GDP) 0.918 2.02 74 53 45.5 %
GDP per capita (current US$) 40,226 25,023 28 48 161 %
GDP per capita, PPP (current international US$) 60,847 50,378 30 42 121 %
Imports of goods and services (% of GDP) 30.4 48.3 96 58 63 %
Inflation, consumer prices (annual %) 0.982 3.79 141 56 25.9 %
Net migration 95,246 -238,062 19 207
Population, total 58,986,023 36,554,707 25 42 161 %

Demography and Health

In terms of demography, Italy has a population of 59 million compared to Poland's 36.6 million. The crude birth rates are relatively low, with Italy at 6.4 per 1,000 people and Poland slightly higher at 7.4. Interestingly, the crude death rates are comparable, with Italy at 11.2 and Poland at 11.1. Life expectancy at birth significantly favors Italy, where it stands at 83.7 years, compared to Poland's 78.5 years. The under-5 mortality rate is also better in Italy at 2.8 per 1,000 live births versus Poland's 4.4. Both countries share a prevalence of undernourishment of 2.5%. Italy's health expenditure as a percentage of GDP is higher at 8.5% compared to Poland's 7%, indicating a stronger investment in health services. Furthermore, suicide rates are lower in Italy, at 7 per 100,000 population, compared to 13.7 in Poland.

Economy

Italy's GDP per capita is significantly higher at $40,226 compared to Poland's $25,023. When adjusted for purchasing power parity, Italy maintains an advantage, with $60,847 against Poland's $50,378. However, inflation rates are better in Italy, where the annual consumer prices increase by a mere 1% compared to 3.8% in Poland. On the investment front, Poland has a slightly more favorable net inflow of foreign direct investment at 2% of GDP compared to Italy's 0.9%. Despite the higher ranking in economic indicators, Poland demonstrates a vibrant export sector, with exports constituting 52.3% of GDP compared to Italy's 32.7%. This reflects Poland's robust manufacturing and industrial capabilities.

Trade and Investment

When analyzing trade and investment, Poland shows a higher percentage of GDP allocated to exports and imports at 52.3% and 48.3%, respectively, compared to Italy's 32.7% and 30.4%. This suggests that Poland has a more open economy, possibly benefiting from its strategic location within Europe. In terms of high-technology exports, Italy is a leader with $52.2 billion, which positions it higher than Poland, which has $29.6 billion. This gap correlates with the higher GDP per capita and overall technological advancement present in Italy.

Governance and Institutions

In terms of governance and institutional quality, both countries have the same control of corruption score of 0.6, indicating a comparable level of corruption perception. However, Italy ranks higher in government effectiveness at 0.6 compared to Poland's 0.4, reflecting a more efficient bureaucratic system. The regulatory quality is better in Poland (0.8) than in Italy (0.6), suggesting a more favorable regulatory environment for businesses. Furthermore, in terms of rule of law, Italy scores 0.4 against Poland's 0.5. Unemployment rates favor Poland significantly, with only 2.7% of the labor force unemployed compared to Italy's 7.6%, marking Italy's labor market challenges.

Infrastructure and Technology

Italy demonstrates superior logistics performance with an index of 3.8 compared to Poland's 3.5, showcasing better trade and transport-related infrastructure. Both countries have high internet usage, with Italy at 87% of the population and Poland at 86.4%. Italy leads in research and development expenditure as a percentage of GDP at 1.4% versus Poland's 1.5%. Additionally, Italy excels in patent applications per resident, ranking third globally with 10,281 applications as opposed to Poland's 3,377, reflecting greater innovation capacity.

Environment and Sustainability

In terms of environmental sustainability, Italy produces fewer greenhouse gas emissions per capita (6.3 tons CO2e) compared to Poland’s 9.9 tons CO2e, indicating a more environmentally friendly approach in Italy. Renewable energy consumption in Italy is also higher at 17.5% compared to Poland's 15.2%. However, both countries are facing challenges regarding water stress; Italy withdraws 29.6% of its available freshwater resources while Poland is slightly higher at 32.1%. This highlights the necessity for both nations to address environmental challenges while striving for economic growth.