Netherlands Netherlands vs Slovenia Slovenia development indicators, 2024

Indicator
Netherlands
Netherlands, Value
Slovenia
Slovenia, Value
Netherlands
Netherlands, Rank
Slovenia
Slovenia, Rank
Netherlands Netherlands as % of
Slovenia Slovenia
Current account balance (% of GDP) 9.92 4.46 10 25 223 %
Exports of goods and services (% of GDP) 84.1 81.5 11 12 103 %
Foreign direct investment, net inflows (% of GDP) -1.1 2.69 101 44
GDP per capita (current US$) 68,219 34,089 12 36 200 %
GDP per capita, PPP (current international US$) 84,218 56,531 11 34 149 %
Imports of goods and services (% of GDP) 72 74.9 20 16 96.1 %
Inflation, consumer prices (annual %) 3.35 1.97 65 115 170 %
Net migration 121,628 3,319 17 60 3,665 %
Population, total 17,994,237 2,126,324 71 148 846 %

Demography and Health

The demographic landscape of the Netherlands and Slovenia reflects distinct characteristics in birth and death rates. As of 2023, the Netherlands has a crude birth rate of 9.2 per 1,000 people, while Slovenia's birth rate is slightly lower at 8. This indicates a slightly more proactive growth trend in the Netherlands compared to Slovenia, ranking 36th and 64th globally, respectively. Conversely, the crude death rate in the Netherlands is 9.5 per 1,000, higher than Slovenia's 10.2, resulting in ranks of 62nd and 49th. Life expectancy at birth is comparable, with the Netherlands at 81.9 years and Slovenia at 82 years. Under-five mortality rates are significantly lower in the Netherlands at 4 deaths per 1,000 live births compared to Slovenia's 2.2, reflecting advanced healthcare systems in both nations. Net migration is considerably higher in the Netherlands, indicating its attractiveness as a destination for immigrants relative to Slovenia.

Economy

The Netherlands outperforms Slovenia in economic metrics, with a GDP per capita of $68,219 in 2024, significantly higher than Slovenia's $34,089. Adjusting for purchasing power parity, the GDP per capita in the Netherlands is even more pronounced at $84,218 compared to Slovenia's $56,531. The Netherlands ranks 12th globally for GDP per capita, indicating a strong economic position. The Dutch economy is influenced by high-technology exports totaling $111 billion, far exceeding Slovenia's $4.2 billion, showcasing superior innovation and industrial capabilities. Inflation is also notably higher in the Netherlands at 3.3% against 2% in Slovenia, which could signal cost of living concerns in the former. Overall, the Netherlands exhibits a more robust economic framework marked by higher productivity levels and innovative exports.

Trade and Investment

Trade is a critical component of both economies, with exports accounting for 84.1% of the Netherlands' GDP compared to 81.5% for Slovenia in 2024. This positions the Netherlands in 31st place globally for export reliance, while Slovenia ranks 34th. Despite Slovenia’s higher import percentage at 74.9%, the Netherlands maintains a favorable current account balance of 9.9% compared to Slovenia's 4.5%. The Netherlands also leads in foreign direct investment, but the net inflows reflect a negative figure (-1.1%) in the Netherlands, indicating potential capital flight, while Slovenia achieves positive inflows at 2.7%. These figures emphasize the Netherlands’ reliance on export-driven growth and highlight contrasting investment climates where Slovenia is more successful at attracting foreign investments.

Governance and Institutions

On governance, the Netherlands exhibits strong institutional quality, with a Control of Corruption index score of 1.9, compared to Slovenia's 0.8. Similarly, the Netherlands shows higher Government Effectiveness and Regulatory Quality scores at 1.6 and 1.8, respectively, versus Slovenia’s 1 and 0.7. These indicators suggest a more effective and transparent governance framework in the Netherlands. The Rule of Law is slightly better in the Netherlands at 1.6 compared to Slovenia's 1, reflecting a more stable legal environment. Political stability is somewhat similar, with scores of 0.7 for the Netherlands and 0.8 for Slovenia, indicating both nations experience relative stability but with different perceptions of threat levels.

Infrastructure and Technology

The infrastructure quality in the Netherlands is notably superior, as evidenced by a Logistics Performance Index of 4.2, compared to Slovenia’s 3.6, placing the Netherlands 2nd globally against Slovenia's 13th. This suggests that the Netherlands enjoys better trade and transport infrastructure essential for facilitating economic activities. The higher number of patent applications in the Netherlands (2080) compared to Slovenia (222) indicates a more innovative environment fostering research and development, key drivers of economic growth in modern economies. Furthermore, a significant proportion of individuals in the Netherlands use the Internet (97%) compared to 90.4% in Slovenia, which reflects improved digital connectivity and technology adoption in the Netherlands.

Environment and Sustainability

In terms of environmental performance, the Netherlands has made strides, with renewable energy consumption accounting for 12.2% of total final energy consumption as of 2021, while Slovenia exceeds this with 23.4%. However, the Netherlands has a higher per capita greenhouse gas emission rate (8.4 tons CO2e) compared to Slovenia (7.5 tons CO2e), which highlights sustainability challenges being faced. Water stress levels are also a concern, with the Netherlands withdrawing 16.1% of available freshwater resources compared to Slovenia's 6.3%, suggesting that Slovenia may manage its water resources more sustainably. The prevalence of undernourishment is equal in both countries at 2.5%, reflecting food security on a comparable level.