Luxembourg vs Slovenia development indicators, 2024

Demography and Health

When comparing demography and health indicators, Luxembourg exhibits a slightly higher birth rate at 9.5 per 1,000 people compared to Slovenia's 8. This suggests a relatively youthful population structure in Luxembourg. However, the death rate in Luxembourg is lower at 6.6 per 1,000 people, compared to Slovenia's 10.2, indicating better overall health and longevity in Luxembourg. Life expectancy at birth also favors Luxembourg, with an average of 83.4 years versus Slovenia's 82 years. Additionally, Luxembourg shows a lower under-five mortality rate at 2.3 per 1,000 live births, while Slovenia's stands at 2.2, indicating a slightly better child health outcome. The prevalence of undernourishment is equal in both countries at 2.5%. In terms of mental health, Luxembourg has a notably lower suicide mortality rate of 8.2 per 100,000 population compared to Slovenia at 18.8.

Economy

Luxembourg boasts a significantly higher GDP per capita of $137,517 compared to Slovenia's $34,089, ranking Luxembourg 1st globally, while Slovenia holds the 52nd position. The GDP per capita based on purchasing power parity (PPP) further emphasizes this disparity, with Luxembourg at $150,772 compared to Slovenia's $56,531. Moreover, Luxembourg's economy heavily relies on exports, which make up 216% of its GDP, ranking it 4th globally, juxtaposed with Slovenia's 81.5% at rank 34. The current account balance also highlights Luxembourg's robust economic positioning at 13.8% of GDP, while Slovenia's stands at 4.5%.

Trade and Investment

In terms of trade and investment, Luxembourg outshines Slovenia with its high-technology exports, yielding $801.2 million compared to Slovenia’s significant $4.2 billion. However, in the context of imports as a percentage of GDP, Luxembourg's 183% is markedly higher than Slovenia's 74.9%, indicating a more open economy with extensive trade activities. The logistics performance index reflects similar levels of efficiency in infrastructure for both nations, both rated at 3.6.

Governance and Institutions

Luxembourg demonstrates superior governance and institutional quality, as evidenced by its rankings in various indicators. It holds a Control of Corruption score of 1.9, while Slovenia only achieves 0.8, placing Luxembourg 11th globally and Slovenia 36th. Government effectiveness is similarly higher in Luxembourg at 1.9 compared to Slovenia's 1, with Luxembourg ranked 5th globally. Both countries exhibit political stability, with Luxembourg at 1.1, ranking 3rd, while Slovenia's 0.8 ranks it 22nd. Regulatory quality and rule of law also favor Luxembourg, maintaining a strong position in the global rankings.

Infrastructure and Technology

Infrastructure and technology reflect a similar competency level in logistics between the two countries, as demonstrated by their equal performance on the Logistics Performance Index rated at 3.6. However, in research and development expenditure, Luxembourg spends 1% of its GDP, lower than Slovenia's 2.1%. Additionally, Luxembourg holds 112 patent applications, while Slovenia has a more robust number at 222, demonstrating stronger innovation output.

Environment and Sustainability

When addressing environmental and sustainability indicators, Luxembourg shows a mix of outcomes. It has lower total greenhouse gas emissions per capita at 11.8 t CO2e compared to Slovenia's 7.5 t CO2e, indicating a more significant environmental burden in Luxembourg, despite its high-income economy. However, Luxembourg’s renewable energy consumption stands at 20.5% of total final energy consumption, which is commendable though still below Slovenia’s 23.4%. Lastly, water stress levels are monitored with Luxembourg at a lower level of 4% compared to Slovenia's 6.3%, reflecting better management of water resources in Luxembourg.