Netherlands Netherlands vs Sweden Sweden development indicators, 2024

Indicator
Netherlands
Netherlands, Value
Sweden
Sweden, Value
Netherlands
Netherlands, Rank
Sweden
Sweden, Rank
Netherlands Netherlands as % of
Sweden Sweden
Current account balance (% of GDP) 9.92 7.42 10 13 134 %
Exports of goods and services (% of GDP) 84.1 54.6 11 34 154 %
Foreign direct investment, net inflows (% of GDP) -1.1 4.37 101 22
GDP per capita (current US$) 68,219 57,723 12 14 118 %
GDP per capita, PPP (current international US$) 84,218 71,030 11 23 119 %
Imports of goods and services (% of GDP) 72 50.2 20 56 143 %
Inflation, consumer prices (annual %) 3.35 2.84 65 88 118 %
Net migration 121,628 50,115 17 24 243 %
Population, total 17,994,237 10,569,709 71 92 170 %

Demography and Health

In terms of demography, the Netherlands has a crude birth rate of 9.2 per 1,000 people, which is slightly lower than Sweden's rate of 9.5. The death rate for the Netherlands is 9.5 per 1,000, which is higher than Sweden's 9.0, indicating higher mortality in the Netherlands. The life expectancy at birth is lower in the Netherlands at 81.9 years compared to Sweden's 83.3 years. The under-5 mortality rate in the Netherlands is 4 per 1,000 live births, again higher than Sweden’s 2.5. The net migration figure shows the Netherlands attracting a higher number of migrants, with 121,628 compared to Sweden's 50,115.

Economy

The Netherlands has a higher GDP per capita at $68,219 compared to Sweden’s $57,723. When considering purchasing power parity, the difference is even greater, with the Netherlands at $84,218 and Sweden at $71,030.However, the Netherlands has a negative foreign direct investment net inflow rate of -1.1% of GDP, indicating potential challenges in attracting international capital, while Sweden enjoys a positive inflow of 4.4%. Inflation rates are higher in the Netherlands at 3.3% compared to Sweden's lower 2.8%, which might affect cost of living and purchasing power. Furthermore, unemployment rates signify better labor market performance for the Netherlands at 3.5% versus Sweden's 7.6%.

Trade and Investment

Exports of goods and services are a critical aspect of the Dutch economy, with the Netherlands exporting 84.1% of its GDP, ranking 31st in the world, while Sweden exports 54.6% of its GDP, which places it at 70th. Conversely, the Netherlands imports a significant 72% of its GDP in goods and services, compared to Sweden’s 50.2%, demonstrating a more intense level of trade engagement. The high-technology exports of the Netherlands at $111 billion far exceed Sweden's $25.2 billion, indicating a stronger emphasis on high-tech industries.

Governance and Institutions

In terms of governance, both countries score similarly on the government effectiveness index, standing at 1.6. However, corruption control is rated slightly better in Sweden with a score of 2.0 compared to the Netherlands’ 1.9. The Netherlands excels in regulatory quality with a score ranking of 8th globally, while Sweden holds the 14th position. Political stability scores are higher in Sweden at 0.8 compared to the Netherlands' 0.7, indicating relatively greater stability in Sweden.

Infrastructure and Technology

Both countries have scored similarly in logistics performance with a rating of 4.2 for trade and transport-related infrastructure, indicating a high standard of logistical efficiency. The Netherlands ranks higher in internet users, with 97% of the population having access compared to Sweden's 95.7%. Moreover, innovation measures like patent applications are also strong in the Netherlands with 2,080 applications compared to 1,771 in Sweden, positioning the Netherlands as a leader in technological advancements.

Environment and Sustainability

On environmental measures, Sweden outperforms the Netherlands significantly. Renewable energy consumption in Sweden reaches 57.9% of total final consumption, far ahead of the Netherlands' 12.2%. In terms of greenhouse gas emissions, the Netherlands emits 8.4 tons of CO2 equivalent per capita, significantly higher than Sweden’s 4.7 tons, reflecting Sweden's commitment to sustainability. The prevalence of undernourishment is equal in both countries at 2.5%, showcasing a strong food security situation. Furthermore, Sweden demonstrates far better management of freshwater resources, with only 3.6% of available resources being withdrawn compared to the Netherlands' concerning figure of 16.1%.