Spain vs Lithuania development indicators, 2024

Demography and Health

Spain has a birth rate of 6.7 per 1,000 people and a death rate of 9 per 1,000 people, whereas Lithuania exhibits a slightly higher birth rate of 7.2 but a considerably higher death rate of 12.9. This indicates Spain has a more favorable demographic trend, although both countries face challenges. In terms of life expectancy, Spain leads with 83.9 years compared to Lithuania's 77 years. Additionally, the under-5 mortality rate is slightly lower in Spain at 3.1 per 1,000 live births versus 3.4 in Lithuania. Overall, Spain has a healthier demographic profile.

Economy

Spain's GDP per capita stands at $35,297 while Lithuania's is lower at $29,386. In terms of GDP per capita adjusted for purchasing power parity, Spain also outperforms Lithuania with $56,926 against $54,414. However, Lithuania shows a stronger export performance, with exports constituting 74.1% of its GDP compared to Spain's 37.3%. This indicates that Lithuania has a more export-oriented economy. Regarding inflation, Spain’s rate is 2.8%, significantly higher than Lithuania’s 0.7%, suggesting better price stability in Lithuania. Lithuania's unemployment rate is lower at 6.8% compared to Spain's 12.2%, indicating a healthier labor market.

Trade and Investment

In terms of foreign direct investment (FDI), Lithuania evidences a net inflow of 4.2% of its GDP, higher than Spain's 1.9%. This suggests that Lithuania is more attractive to foreign investors relative to its economic size. Furthermore, Spain's high-technology exports total $25.8 billion, which shows its strength in advanced industries, while Lithuania lags behind with $3.7 billion. The current account balance is also favorable in Spain at 3% compared to 2.5% for Lithuania, providing a more robust overview of financial health regarding trade.

Governance and Institutions

When it comes to governance, Lithuania outperforms Spain in several metrics. Lithuania enjoys a higher score in regulatory quality (1.3 vs. 0.7) and political stability (0.7 vs. 0.3). Conversely, Spain ranks 50th in control of corruption with a score of 0.6, whereas Lithuania ranks higher with a score of 0.8. The rule of law is similarly stronger in Lithuania at 1.3 compared to Spain's score of 0.8. These indicators suggest that Lithuania's governance frameworks may be more effective in fostering a stable environment for citizens and businesses.

Infrastructure and Technology

Spain holds a competitive edge in logistics performance index with a score of 3.8, which reflects better trade and transport-related infrastructure compared to Lithuania's 3.5. Furthermore, Spain also surpasses Lithuania in the percentage of Internet users, with 95.4% of the population online compared to 88.5% in Lithuania, indicating a higher level of technological integration in daily life. Spain's total patent applications at 1,308 highlight a robust innovation landscape, while Lithuania's count of 81 indicates a growing, yet less mature ecosystem.

Environment and Sustainability

In terms of renewable energy consumption, Lithuania excels with 33.2% of its total energy consumption derived from renewable sources, while Spain lags behind at 19%. This demonstrates Lithuania's commitment to sustainable energy practices. The level of water stress is significantly lower in Lithuania, with only 1.8% withdrawal from available freshwater resources compared to Spain's 43.3%. Furthermore, Lithuania's total greenhouse gas emissions per capita stand at 7.2 t CO2e compared to Spain's 5.9 t CO2e, suggesting a positive trajectory for Lithuania's environmental footprint despite its other challenges. Spain's environmental policies may need to become more aggressive to promote sustainability.