Slovenia Slovenia vs Sweden Sweden development indicators, 2024

Indicator
Slovenia
Slovenia, Value
Sweden
Sweden, Value
Slovenia
Slovenia, Rank
Sweden
Sweden, Rank
Slovenia Slovenia as % of
Sweden Sweden
Current account balance (% of GDP) 4.46 7.42 25 13 60.1 %
Exports of goods and services (% of GDP) 81.5 54.6 12 34 149 %
Foreign direct investment, net inflows (% of GDP) 2.69 4.37 44 22 61.5 %
GDP per capita (current US$) 34,089 57,723 36 14 59.1 %
GDP per capita, PPP (current international US$) 56,531 71,030 34 23 79.6 %
Imports of goods and services (% of GDP) 74.9 50.2 16 56 149 %
Inflation, consumer prices (annual %) 1.97 2.84 115 88 69.3 %
Net migration 3,319 50,115 60 24 6.62 %
Population, total 2,126,324 10,569,709 148 92 20.1 %

Demography and Health

Slovenia has a crude birth rate of 8 per 1,000 people, which is lower than Sweden's rate of 9.5, indicating a trend towards an aging population. In terms of mortality, Slovenia's crude death rate is 10.2 compared to Sweden's 9, suggesting a slightly higher mortality rate in Slovenia. Life expectancy in Slovenia is 82 years, while in Sweden it is slightly higher at 83.3 years, reflecting better health outcomes in the latter. The under-5 mortality rate in Slovenia is 2.2 per 1,000 live births, slightly better than Sweden's 2.5. Slovenia has a lower net migration rate with 3,319 individuals compared to Sweden's 50,115, which contributes to population growth in Sweden. Suicide mortality rates in Slovenia (18.8 per 100,000 population) are significantly higher than in Sweden (13.8), indicating mental health challenges that may need addressing in Slovenia.

Economy

In terms of economic output, Slovenia's GDP per capita stands at $34,089, markedly lower than Sweden's $57,723. Under Purchasing Power Parity (PPP), Slovenia's GDP per capita is $56,531, again less than Sweden's $71,030, which reflects overall higher living standards in Sweden. Slovenia's economy relies heavily on exports, accounting for 81.5% of GDP, significantly more than Sweden's 54.6%. Conversely, Slovenia’s high dependence on imports (74.9% of GDP) compared to Sweden (50.2%) presents a vulnerability in its economic structure.

Trade and Investment

High-technology exports from Slovenia are valued at $4.2 billion, particularly low compared to Sweden's impressive $25.2 billion. In terms of foreign direct investment (FDI), Slovenia sees net inflows of 2.7% of GDP, significantly underperforming against Sweden's 4.4%. Furthermore, Slovenia maintains a current account balance of 4.5% of GDP, which is healthy but lower than Sweden's 7.4%. This indicates that while Slovenia is economically active, Sweden showcases more robust trade and investment performance.

Governance and Institutions

In governance metrics, Slovenia exhibits a control of corruption score of 0.8, which is notably lower than Sweden's 2. This suggests better corruption control in Sweden. Government effectiveness in Slovenia is rated at 1, while Sweden has a score of 1.6, indicating more efficient public services in Sweden. The rule of law index mirrors this, with Slovenia scoring 1 and Sweden at 1.6. Regarding political stability, both countries score 0.8, indicating a similar level of political risks. Slovenia's unemployment rate is relatively low at 3.7%, while Sweden's stands at a higher 7.6%, suggesting that Slovenia may be facing less labor market distress.

Infrastructure and Technology

When assessing infrastructure, Slovenia scored 3.6 on the logistics performance index, which reflects the quality of its trade and transport-related infrastructure. This is lower than Sweden's score of 4.2, indicating that Sweden has a more developed infrastructure supporting trade and logistics. In terms of technology adoption, Slovenia has 90.4% of its population using the Internet, which is lower than Sweden's impressive 95.7%, showcasing differing levels of digital connectivity.

Environment and Sustainability

Slovenia's renewable energy consumption constitutes 23.4% of its total final energy consumption, well below Sweden's leading 57.9%, showcasing Sweden's strong commitment to sustainability. In terms of greenhouse gas emissions per capita, Slovenia emits 7.5 tons of CO2e, which is higher than Sweden’s 4.7 tons, suggesting that Slovenia needs to improve its environmental policies. Both countries have a low prevalence of undernourishment at 2.5%, indicating adequate food security. Slovenia's water stress ratio is at 6.3%, which indicates a sustainable management of water resources compared to Sweden's 3.6%, illustrating effective water management in the latter.