Spain Spain vs Slovenia Slovenia development indicators, 2024

Indicator
Spain
Spain, Value
Slovenia
Slovenia, Value
Spain
Spain, Rank
Slovenia
Slovenia, Rank
Spain Spain as % of
Slovenia Slovenia
Current account balance (% of GDP) 3.03 4.46 32 25 68 %
Exports of goods and services (% of GDP) 37.3 81.5 66 12 45.7 %
Foreign direct investment, net inflows (% of GDP) 1.89 2.69 58 44 70.2 %
GDP per capita (current US$) 35,297 34,089 34 36 104 %
GDP per capita, PPP (current international US$) 56,926 56,531 32 34 101 %
Imports of goods and services (% of GDP) 33 74.9 87 16 44 %
Inflation, consumer prices (annual %) 2.77 1.97 90 115 141 %
Net migration 111,674 3,319 18 60 3,365 %
Population, total 48,807,137 2,126,324 32 148 2,295 %

Demography and Health

In terms of demographics, Spain has a crude birth rate of 6.7 per 1,000 people and a crude death rate of 9 per 1,000 people, while Slovenia reports a slightly higher birth rate of 8 and a death rate of 10.2. Life expectancy in Spain stands out as particularly high at 83.9 years, ranking first globally, whereas Slovenia's life expectancy is slightly lower at 82 years. Spain has a notable under-5 mortality rate of 3.1 per 1,000 live births compared to Slovenia's lower rate of 2.2. Net migration in 2024 reveals a significant difference, with Spain gaining 111,674 people, indicating its attractiveness as a destination, while Slovenia has a modest net migration of 3,319. However, both countries show similar prevalence of undernourishment at 2.5%. Suicide mortality rates are concerning; Spain reports 8.7 per 100,000, significantly higher than Slovenia's 18.8, indicating a potential area of focus for health interventions.

Economy

Spain's economy is characterized by a GDP per capita of $35,297, which is slightly higher than Slovenia's $34,089. When looking at GDP per capita in purchasing power parity (PPP), Spain again leads at $56,926 compared to Slovenia’s $56,531, though the rankings are similar (45th and 49th, respectively). A significant aspect of both economies is their inflation rates. Spain’s inflation stands at 2.8%, while Slovenia has a lower rate of 2%. On the employment side, Spain faces a much higher unemployment rate of 12.2% compared to Slovenia’s low rate of 3.7%, indicating different levels of economic health and job market efficiency.

Trade and Investment

When considering trade, Spain’s exports of goods and services account for 37.3% of GDP, which is significantly lower than Slovenia's impressive 81.5%. In terms of imports, Spain also lags with 33% of GDP, versus Slovenia’s substantial 74.9%. Foreign direct investment shows Spain with net inflows of 1.9%, compared to Slovenia’s higher inflow of 2.7%. The presence of high-technology exports is notable, with Spain exporting approximately $25.8 billion in comparison to Slovenia’s $4.2 billion, reflecting a potential area for growth and development in Slovenia’s economy.

Governance and Institutions

Spain and Slovenia exhibit different governance structures. Spain has a Control of Corruption score of 0.6 and Government Effectiveness of 0.8, while Slovenia shows slightly better performance with scores of 0.8 and 1, respectively. Political Stability and Absence of Violence through the Governance index suggests higher stability in Slovenia with a score of 0.8 compared to Spain's lower score of 0.3. Additionally, the Rule of Law is rated equally at 0.8 for Spain and 1.0 for Slovenia, demonstrating that Slovenia may have slightly better institutional strength in maintaining legal frameworks.

Infrastructure and Technology

In terms of infrastructure quality, Spain leads with a Logistics Performance Index of 3.8 compared to Slovenia's 3.6. Regarding technology usage, Spain has a higher percentage of individuals using the Internet, at 95.4% versus Slovenia's 90.4%. The number of patent applications also reflects a strong innovation environment in Spain with 1,308 applications compared to Slovenia's 222, indicating a disparity in research and development outputs.

Environment and Sustainability

Spain’s renewable energy consumption is 19%, whereas Slovenia shows a more robust commitment at 23.4%. Concerning water sustainability, Spain faces significant water stress with 43.3% of its available freshwater resources being withdrawn, while Slovenia’s figure is more sustainable at only 6.3%. Both countries contribute to greenhouse gas emissions, with Spain emitting 5.9 tons per capita whereas Slovenia's emissions reach 7.5 tons. Research and development expenditure, vital for improvement in sustainability initiatives, indicates that Slovenia invests 2.1% of GDP compared to Spain’s 1.4%, suggesting a greater focus on innovation in environmental strategies in Slovenia.