Published: Monday, 21th October 2024
The Standard of living in Andorra is 1.13 times better as compared to Brunei Darussalam.
In this page, you will find side-by-side Standard of Living comparison between Andorra and Brunei Darussalam. We have created 53 standard-of-living indicators. We average the values and ranges of all those indicators and take a mathematically calculated approach to determine which country has a better standard of living between Andorra and Brunei Darussalam.
Indicators | Andorra | Brunei Darussalam |
---|---|---|
Gross Domestic Product (GDP)(2023) | $3.897 billion USD | $15.153 billion USD |
GDP Per Capita (2023) | 44,900 USD | 34,383 USD |
GINI Ratio (2023) | 0.27 | Yet to Update |
Inflation on Consumer Prices (2023) | Yet to Update | 0.36 % annually |
Central Government Debt (2023) | Yet to Update | Yet to Update |
Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country in a specific time period, usually a year. It is used to gauge the economic performance of a country and indicates how wealthy and productive a nation is. In simple terms, GDP tells us how much a country is producing and how well its economy is doing.
As per the statistics from the World Bank Data for the year 2023, the total GDP of Andorra is $3.897 billion USD and that of Brunei Darussalam is $15.153 billion USD.
On the other hand, Gross Domestic Product (GDP) Per Capita is the average economic output per person in a country. Simply put, it shows how much, on average, each person contributes to the economy, giving an idea of the standard of living and economic well-being of the people in that country.
From the above data, we can say that a person living and working in Andorra contributes more to the country's economy compared to a person working in Brunei Darussalam.
Indicators | Andorra | Brunei Darussalam |
---|---|---|
Human Development Index (HDI) (2024) | 0.884 | 0.823 |
Human Capital Index (HCI) (2024) | Yet to Update | 0.63 |
Literacy Rate (2023) | 100% (15 years+ above age) | 97.59% (15 years+ above age) |
Life Expectancy Ratio (2023) | 83 years | 76.9 years |
Healthy Life Expectancy Ratio (2023) | 73.3 years | 67.1 years |
Poverty Ratio (2023) | Yet to Update | Yet to Update |
Unemployment Rate (2023) | Yet to Update | 5.27% of total labor force |
The Human Development Index (HDI) is a measure used to assess the overall well-being and quality of life of people living in a country. The key dimensions that give a country good HDI rank are a long and healthy life, being knowledgeable and having a decent standard of living.
From the above given statistics, we can see that the HDI of Andorra is [ 0.884 ] and the HDI of Brunei Darussalam is [ 0.823 ].
The data shows that the people living in Andorra has better income, life expectancy and education level compared to Brunei Darussalam.
Indicators | Andorra | Brunei Darussalam |
---|---|---|
Gross National Expenditure (2023) | Yet to Update | 79.94 % of GDP |
Total Health Expenditure (2023) | 8.33 % of GDP | 2.2 % of GDP |
Research and Development Expenditure (2023) | Yet to Update | 0.28 % of GDP |
Government Expenditure on Education (2023) | 2.67 % of GDP | 4.43 % of GDP |
International Tourism Expenditure (2023) | 187 million USD | 585 million USD |
Number of International Tourists Arrivals (2023) | 5,207,000 | 1,071,000 |
Military Expenditure (2023) | Yet to Update | 2.37 (% of GDP) |
Indicators | Andorra | Brunei Darussalam |
---|---|---|
Number of Doctors (2023) | 36.26 (Per 10,000 People) | 19.1 (Per 10,000 People) |
Number of Nurses (2023) | 43.65 (Per 10,000 People) | 67.1 (Per 10,000 People) |
Number of Pharmacists (2023) | 11.02 (Per 10,000 People) | 2.13 (Per 10,000 People) |
Available Hospital Beds (2023) | 2.5 (Per 1000 People) | 2.85 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023) | Yet to Update | 99 % of total Population |
Andorra has 1.90 times more Doctors compared to Brunei Darussalam (Per 10,000 People).
Andorra has 1.54 times less Nurses compared to Brunei Darussalam (Per 10,000 People).
Indicators | Andorra | Brunei Darussalam |
---|---|---|
Agricultural Land (2023) | 187.56 Sq Km | 134 Sq Km |
Forest Area (2023) | 160 Sq Km | 3,800 Sq Km |
CO2 Emissions (2023) | 0.11 kg per PPP $ of GDP | 0.31 kg per PPP $ of GDP |
Access to Electricity (2023) | 100 % of total Population | 100 % of total Population |
Access to Internet (2023) | 93.9 % of total Population | 98.08 % of total Population |
Annual Fresh Water Withdrawals (2023) | Yet to Update | 0.09 Billion cubic meters |
100% of the total Population of Andorra has access to the electricity in their homes, whereas, in case of Brunei Darussalam, 100% of the total Population has access to electricity.
Indicators | Andorra | Brunei Darussalam |
---|---|---|
Time Required to Start a Business (2023) | Yet to Update | 5.5 Days |
New Businesses Registered (2023) | Yet to Update | 316 (New Businesses) |
New Businesses Registration Density (2023) | Yet to Update | 1 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023) | Yet to Update | 1.1 % of GNI Per Capita |
Indicators | Andorra | Brunei Darussalam |
---|---|---|
Imports of Goods and Services (2023) | Yet to Update | 60.03 % of GDP |
Total Fuel Imports (2023) | 8.65 % of Merchandise Imports | 63.76 % of Merchandise Imports |
Cost to Import Border Compliance (2023) | Yet to Update | 395 USD |
Time to Import Border Compliance (2023) | Yet to Update | 48 Hours |
Cost to Import Documentary Compliance (2023) | Yet to Update | 50 USD |
Time to Import Documentary Compliance (2023) | Yet to Update | 132 Hours |
Indicators | Andorra | Brunei Darussalam |
---|---|---|
Exports of Goods and Services (2023) | Yet to Update | 76.53 % of GDP |
Total Fuel Exports (2023) | 0.01 % of Merchandise Exports | 77.42 % of Merchandise Exports |
Cost to Export Border Compliance (2023) | Yet to Update | 340 USD |
Time to Export Border Compliance (2023) | Yet to Update | 117 Hours |
Cost to Export Documentary Compliance (2023) | Yet to Update | 90 USD |
Time to Export Documentary Compliance (2023) | Yet to Update | 155 Hours |
Indicators | Andorra | Brunei Darussalam |
---|---|---|
Gross National Savings (2023) | Yet to Update | 50.38 % of GDP |
Tax Revenue (2023) | Yet to Update | Yet to Update |
Taxes on Exports (2023) | Yet to Update | Yet to Update |
Taxes on Goods and Services (2023) | Yet to Update | Yet to Update |
Taxes on International Trade (2023) | Yet to Update | Yet to Update |
Time to Prepare and Pay Taxes (2023) | Yet to Update | 52.5 Hours |
Customs and Other Import Duties (2023) | Yet to Update | Yet to Update |
We hope you enjoyed the detailed guide on the standard of living comparsion between Andorra and Brunei Darussalam.
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