Lithuania vs Slovenia development indicators, 2024

Demography and Health

Lithuania has a crude birth rate of 7.2 per 1,000 people compared to Slovenia's 8, which suggests a slightly lower birth rate in Lithuania. In terms of death rates, Lithuania's rate is higher at 12.9 compared to Slovenia's 10.2, indicating potential challenges in health and longevity. Life expectancy at birth is also lower in Lithuania at 77 years versus Slovenia's 82, reflecting differences in healthcare effectiveness. Furthermore, Lithuania has a higher under-5 mortality rate at 3.4 per 1,000 live births compared to Slovenia’s 2.2, showing further challenges related to child health. A concerning statistic is Lithuania's suicide mortality rate of 22.1 per 100,000 population, significantly higher than Slovenia's 18.8, positioning Lithuania as one of the countries with the highest suicide rates in the world.

Economy

Lithuania's GDP per capita stands at $29,386, which is lower than Slovenia’s $34,089, showcasing a disparity in wealth per individual. In terms of purchasing power parity (PPP), Lithuania's GDP per capita is $54,414, also lower than Slovenia’s $56,531. When we look at the performance of their economies, Lithuania's exports of goods and services comprise 74.1% of GDP, while Slovenia has a higher rate at 81.5%. Moreover, the imports of goods and services as a percentage of GDP are 68.9% for Lithuania, edging lower than Slovenia’s 74.9%. Lithuania experienced very low inflation at 0.7%, which is beneficial compared to Slovenia’s 2%, indicating a more stable price level in Lithuania.

Trade and Investment

In the realm of trade and investment, Lithuania had net foreign direct investment inflows representing 4.2% of GDP, which is significantly higher than Slovenia's 2.7%, suggesting a more attractive environment for foreign investors in Lithuania. However, Slovenia enjoys a better current account balance at 4.5% of GDP compared to Lithuania’s 2.5%, indicating Slovenia's stronger position in trade. The logistics performance index, indicating the quality of trade and transport-related infrastructure, is slightly better in Slovenia with a rating of 3.6 against Lithuania's 3.5.

Governance and Institutions

Both Lithuania and Slovenia share a similar score in terms of control of corruption, both at 0.8. However, Lithuania has a slightly better government effectiveness score at 1.1 compared to Slovenia’s 1, indicating more efficient government operations. Political stability and absence of violence is higher in Slovenia, with a score of 0.8 compared to Lithuania's 0.7, showcasing Slovenia's safer environment. Regulatory quality also fares better for Lithuania with a score of 1.3, compared to Slovenia's 0.7, suggesting a more favorable regulatory environment in Lithuania. The rule of law is slightly better in Lithuania at 1.3, while Slovenia has a score of 1, indicating a stronger legal context in Lithuania.

Infrastructure and Technology

Lithuania demonstrates a robust level of internet usage with 88.5% of the population utilizing the internet, though Slovenia is slightly ahead at 90.4%. The logistics performance index reflects a quality measurement, showing Lithuania at 3.5 and Slovenia at 3.6. This indicates a marginally better trade and transport infrastructure in Slovenia, enhancing its logistics capabilities and economic activities.

Environment and Sustainability

Lithuania has a higher renewable energy consumption rate at 33.2% of total energy consumption compared to Slovenia's 23.4%, reflecting a stronger commitment to sustainability. However, the level of water stress in Lithuania is lower at 1.8 than Slovenia's 6.3, which indicates better management of water resources in Lithuania. Both countries exhibit relatively similar total greenhouse gas emissions per capita, with Lithuania at 7.2 tons of CO2 equivalent and Slovenia at 7.5 tons, reflecting comparable environmental impacts.