Portugal vs Slovenia development indicators, 2024

Demography and Health

In 2023, Portugal's birth rate stands at 8.1 per 1,000 people, slightly higher than Slovenia's 8.0, ranking Portugal at 59 and Slovenia at 64. However, the death rate is higher in Portugal at 11.2 compared to Slovenia's 10.2, where Portugal ranks 38 and Slovenia ranks 49. The life expectancy at birth is slightly higher in Portugal at 82.3 years versus Slovenia's 82 years, with Portugal ranking 20 and Slovenia 24. The under-5 mortality rate shows Portugal at 3.2 per 1,000 live births compared to Slovenia's lower rate of 2.2, indicating better child health outcomes in Slovenia. Both countries have a prevalence of undernourishment at 2.5%, suggesting satisfactory nutrition levels. Portugal demonstrates a higher net migration rate of 20,648 individuals compared to Slovenia's 3,319, indicating a more significant influx of people into Portugal.

Economy

As of 2024, Slovenia outperforms Portugal in GDP per capita, with Slovenia at $34,089 and Portugal at $28,844, ranking Slovenia at 52 and Portugal at 65. In terms of purchasing power parity (PPP), Slovenia also leads with $56,531 versus Portugal's $50,617. Slovenia's economy is oriented towards exports, with exports of goods and services making up 81.5% of GDP, whereas Portugal's figure is 46.5%. Conversely, Portugal has a higher net inflow of foreign direct investment at 4.3% of GDP compared to Slovenia's 2.7%. Both countries exhibit controlled inflation rates, with Portugal at 2.4% and Slovenia at 2%, positioning them at ranks 86 and 94 respectively.

Trade and Investment

Slovenia's economy is significantly influenced by trade, reflected in its export and import percentages compared to GDP, with exports constituting 81.5% and imports 74.9% of GDP. In contrast, Portugal records 46.5% for exports and 44.7% for imports. This heavy dependence on trade in Slovenia potentially reflects a smaller domestic market. Slovenia’s foreign direct investment inflows at 2.7% of GDP are lower than Portugal’s 4.3%, suggesting a less favorable investment climate. Both countries demonstrate active participation in high-technology exports, evidencing similar performance in this sector, with both recording exports valued at 4.2 billion USD.

Governance and Institutions

In terms of governance, Portugal and Slovenia exhibit comparable levels of political stability and government effectiveness, with Slovenia scoring better in political stability (0.8) compared to Portugal (0.7). Both nations have a quality of regulatory systems, evident in their regulatory quality scores, where Slovenia scores slightly lower. Corruption control is another area where Slovenia outperformed Portugal, scoring 0.8 against Portugal's 0.7. Unemployment rates are considerably lower in Slovenia at 3.7% compared to Portugal's 6.5%, reflecting stronger labor market conditions in Slovenia. However, both countries are further ahead in delivering good healthcare service, as reflected in their health expenditure as a percentage of GDP, with Portugal at 10% and Slovenia at 9.4%.

Infrastructure and Technology

Both Portugal and Slovenia score the same on the Logistics Performance Index concerning trade and transport-related infrastructure, which is rated at 3.6. The level of internet usage indicates a robust reach of technology in both countries, with Slovenia leading at 90.4% of the population using the Internet compared to Portugal's 85.8%. Furthermore, the number of registered patent applications per resident illustrates Portugal's innovative edge with 711 applications against Slovenia's 222, ranking Portugal 13 and Slovenia 17 in the innovation index. In terms of research and development expenditure as a percentage of GDP, Slovenia also edges out Portugal, with respective expenditures of 2.1% and 1.7%.

Environment and Sustainability

In terms of environmental sustainability, Portugal's renewable energy consumption is higher at 32.3% compared to Slovenia's 23.4%. Portugal also performs better in terms of water stress, with a level of 12.3% of freshwater withdrawal versus Slovenia’s 6.3%, suggesting that Slovenia has a more sustainable water management system. However, Portugal's total greenhouse gas emissions per capita are lower at 5 tons CO2e per capita compared to Slovenia's 7.5 tons CO2e. Both countries are striving for sustainability and gradually integrating renewable energy sources, but the figures indicate room for improvement, particularly in Slovenia's renewable energy production compared to Portugal.