Lithuania vs Slovakia development indicators, 2024

Indicator	Lithuania, Value	Slovakia, Value	Lithuania, Rank	Slovakia, Rank	Lithuania as % of Slovakia
Current account balance (% of GDP)	2.48	-2.75	35	80
Exports of goods and services (% of GDP)	74.1	85.2	19	9	87 %
Foreign direct investment, net inflows (% of GDP)	4.24	2.53	24	46	168 %
GDP per capita (current US$)	29,386	26,148	44	46	112 %
GDP per capita, PPP (current international US$)	54,414	47,181	37	49	115 %
Imports of goods and services (% of GDP)	68.9	85	24	11	81.1 %
Inflation, consumer prices (annual %)	0.716	2.76	145	92	26 %
Net migration	2,617	-21,027	61	170
Population, total	2,888,055	5,422,069	138	119	53.3 %

Demography and Health

Lithuania and Slovakia exhibit notable differences in demographic and health indicators. Lithuania has a crude birth rate of 7.2 per 1,000 people, lower than Slovakia’s 9.0, ranking 74th compared to Slovakia's 40th. The death rate in Lithuania stands at 12.9 per 1,000 people, indicating a higher mortality ratio than Slovakia's rate of 10, with Lithuania ranking 23rd and Slovakia 51st. Life expectancy at birth in Lithuania is 77 years, slightly less than Slovakia’s 78 years, with ranks of 62 and 57 respectively. Child mortality rates also favor Lithuania, where the mortality rate under 5 years is 3.4 per 1,000 live births, significantly lower than Slovakia's 6.1, with Lithuania ranking 47th compared to Slovakia's 6th. Furthermore, Lithuania faces net migration challenges with 2,617 more individuals moving out than inflows, while Slovakia faces an outflux of 21,027 people. The prevalence of undernourishment in Lithuania is better at 2.5%, compared to Slovakia’s 3.6%. However, Lithuania has a notably high suicide mortality rate of 22.1 per 100,000 population, the highest globally, whereas Slovakia's rate is 9.9.

Economy

In terms of economic performance, Lithuania has a GDP per capita of $29,386, surpassing Slovakia's $26,148, with respective ranks of 63rd and 73rd. When adjusted for purchasing power parity (PPP), Lithuania's GDP per capita is also higher at $54,414 compared to Slovakia’s $47,181, ranking 53rd and 74th respectively. The inflation rate in Lithuania is lower, at 0.7% compared to Slovakia’s 2.8%, placing Lithuania in a more favorable position for economic stability. However, both countries are confronted with high levels of exports and imports as a percentage of GDP, with Lithuania at 74.1% in exports and 68.9% in imports, while Slovakia’s values stand at 85.2% and 85%, respectively. In terms of foreign direct investment (FDI), Lithuania attracts a net inflow of 4.2% of GDP, significantly higher than Slovakia’s 2.5%.

Trade and Investment

In the realm of trade, Slovakia leads with a higher export figure of high-technology goods at $10.1 billion, which places it 41st globally compared to Lithuania’s $3.7 billion, ranked 54th. Both countries show a substantial dependency on trade, reflected in their exports of goods and services as a percentage of GDP, although Slovakia's is higher. Lithuania's current account balance is also favorable at 2.5% of GDP, compared to Slovakia’s -2.7%, indicating better trade dynamics.

Governance and Institutions

Governance indicators reveal that Lithuania outperforms Slovakia in several areas. Lithuania's control of corruption score is 0.8, ranking 35th, while Slovakia lags behind at 0.3 with a 62nd rank. In terms of government effectiveness, Lithuania holds a score of 1.1 (38th rank) compared to Slovakia's 0.2 (74th rank). Similarly, both the regulatory quality and the rule of law scores favor Lithuania, scoring 1.3 and ranking 29th and 31st, respectively, against Slovakia's 0.6 and ranks of 65th and 59th. Political stability also favors Lithuania slightly, with a score of 0.7 against Slovakia's 0.6, ranking them 30th and 56th respectively.

Infrastructure and Technology

When examining infrastructure performance, Lithuania has a logistics performance index score of 3.5, ranking 16th, which indicates superior trade and transport-related infrastructure compared to Slovakia’s score of 3.3 and a rank of 20th. Furthermore, Lithuania demonstrates a stronger focus on research and development expenditure at 1.1% of GDP compared to Slovakia's 1%. This investment in innovation bolsters Lithuania's competitive edge in technology.

Environment and Sustainability

Lastly, in terms of environment and sustainability, Lithuania is ahead in renewable energy consumption, with 33.2% of its total energy consumption coming from renewable sources, ranking 8th compared to Slovakia's 17.9% and ranking of 16th. However, both countries need to address greenhouse gas emissions, with per capita emissions at 7.2 tons of CO2 equivalents for Lithuania and 8.3 tons for Slovakia. Lithuania faces a notable level of water stress with a withdrawal rate of 1.8% relative to available freshwater resources.