Portugal Portugal vs Sweden Sweden development indicators, 2024

Indicator
Portugal
Portugal, Value
Sweden
Sweden, Value
Portugal
Portugal, Rank
Sweden
Sweden, Rank
Portugal Portugal as % of
Sweden Sweden
Current account balance (% of GDP) 2.17 7.42 40 13 29.3 %
Exports of goods and services (% of GDP) 46.5 54.6 44 34 85.1 %
Foreign direct investment, net inflows (% of GDP) 4.27 4.37 23 22 97.6 %
GDP per capita (current US$) 28,844 57,723 45 14 50 %
GDP per capita, PPP (current international US$) 50,617 71,030 41 23 71.3 %
Imports of goods and services (% of GDP) 44.7 50.2 61 56 88.9 %
Inflation, consumer prices (annual %) 2.42 2.84 99 88 85.2 %
Net migration 20,648 50,115 37 24 41.2 %
Population, total 10,701,636 10,569,709 89 92 101 %

Demography and Health

Portugal's birth rate stands at 8.1 per 1,000 people, slightly lower than Sweden's 9.5, which contributes to Portugal's rank of 59 compared to Sweden's rank of 28 in this category. The death rate in Portugal is higher at 11.2 per 1,000 people, compared to Sweden's 9, placing Portugal at rank 38 while Sweden is at 66. Life expectancy at birth in Portugal is 82.3 years, which is commendable but still lower than Sweden's 83.3 years, marking Portugal at rank 20 against Sweden's rank of 5. In terms of child health, the mortality rate under-5 is 3.2 in Portugal versus 2.5 in Sweden, illustrating better child health outcomes in Sweden (Portugal rank: 52, Sweden rank: 67). Finally, both nations have a low prevalence of undernourishment at 2.5% of the population.

Economy

Portugal's GDP per capita is significantly lower than Sweden's, with figures of $28,844 compared to $57,723, resulting in ranks of 65 for Portugal and 18 for Sweden. However, the GDP per capita adjusted for purchasing power parity (PPP) shows Portugal at $50,617 and Sweden at $71,030, placing them at ranks 61 and 18 respectively. Foreign direct investment (FDI) inflows are comparable, with both countries displaying similar levels of 4.3% and 4.4% of GDP, ranking Portugal at 33 and Sweden at 32. Inflation rates are also slightly lower in Portugal at 2.4%, versus Sweden's 2.8% (Portugal rank: 86, Sweden rank: 74).

Trade and Investment

Portugal's exports of goods and services make up 46.5% of its GDP, while Sweden's exports are at 54.6%, ranking Portugal at 80 and Sweden at 70. Import percentages are similar too, with Portugal at 44.7% of GDP versus Sweden's 50.2% (Portugal rank: 85, Sweden rank: 77). High-technology exports showcase a stark contrast, with Portugal at $4.2 billion and Sweden at $25.2 billion, reflecting innovative capabilities, particularly as Portugal ranks 52 to Sweden's 28 in this regard. The current account balance shows Portugal at 2.2% of GDP compared to Sweden's 7.4%, indicating a healthier trade surplus for Sweden.

Governance and Institutions

In governance, Sweden considerably outperforms Portugal in various indicators. Control of corruption ranks Portugal at 0.7 and Sweden at 2, placing them at ranks 45 and 9, respectively. Government effectiveness shows a similar pattern, with Portugal at 1.0 and Sweden at 1.6 (ranks: 44 for Portugal, 13 for Sweden). The rule of law also favors Sweden with scores of 1.6 compared to Portugal's 1.1 (ranks: 41 for Portugal, 19 for Sweden). Political stability is higher in Sweden (0.8) than in Portugal (0.7), which reflects a more stable sociopolitical environment, evidenced by Sweden's rank of 27 versus Portugal's rank of 37.

Infrastructure and Technology

Portugal's infrastructure quality is rated at 3.6 on the logistics performance index, while Sweden obtains a higher score of 4.2, placing Portugal at rank 13 and Sweden at rank 2. In technology usage, however, Portugal does have a significant presence with 85.8% of the population utilizing the Internet, compared to Sweden's impressive 95.7% (Portugal rank: 68, Sweden rank: 13). Patent applications also indicate innovation levels, with Portugal submitting 711 applications versus Sweden’s 1,771, where Portugal ranks 13 and Sweden ranks 7.

Environment and Sustainability

In terms of renewable energy consumption, Sweden excels at 57.9%, far above Portugal’s 32.3%, which positions Portugal at rank 9 while Sweden achieves rank 1. Both countries face similar levels of undernourishment, but Portugal experiences higher water stress, with 12.3% freshwater withdrawal of available resources compared to Sweden’s 3.6% (ranks: 15 for Portugal, 23 for Sweden). The total greenhouse gas emissions per capita are also higher in Portugal at 5 t CO2e/capita compared to Sweden’s 4.7 t CO2e/capita, suggesting greater environmental challenges for Portugal as indicated by ranks of 76 and 78 respectively. Lastly, both countries prioritize health expenditures at approximately 10% of GDP, but Sweden's expenditure per capita (PPP) leads at $6,178 compared to Portugal's $2,921.