Published: Monday, 21th October 2024
The Standard of living in Andorra is 1.97 times better as compared to Guatemala.
In this page, you will find side-by-side Standard of Living comparison between Andorra and Guatemala. 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 Guatemala.
 Indicators  | Andorra  | Guatemala  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $3.897 billion USD | $111.384 billion USD |
GDP Per Capita (2023)  | 44,900 USD | 5,748 USD |
GINI Ratio (2023)  | 0.27 | 0.48 |
Inflation on Consumer Prices (2023)  | Yet to Update | 6.21 % annually |
Central Government Debt (2023)  | Yet to Update | 25.2 % of GDP |
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 Guatemala is $111.384 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 Guatemala.
Indicators | Andorra | Guatemala |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.884 | 0.629 |
Human Capital Index (HCI) (2024)  | Yet to Update | 0.46 |
Literacy Rate (2023)  | 100% (15 years+ above age) | 84.27% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 83 years | 68.7 years |
Healthy Life Expectancy Ratio (2023)  | 73.3 years | 59.3 years |
Poverty Ratio (2023)  | Yet to Update | 59.3% of total Population |
Unemployment Rate (2023)  | Yet to Update | 2.71% 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 Guatemala is [ 0.629 ].
The data shows that the people living in Andorra has better income, life expectancy and education level compared to Guatemala.
Indicators | Andorra | Guatemala |
|---|---|---|
Gross National Expenditure (2023)  | Yet to Update | 115.75 % of GDP |
Total Health Expenditure (2023)  | 8.33 % of GDP | 6.9 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | 0.06 % of GDP |
Government Expenditure on Education (2023)  | 2.67 % of GDP | 3.23 % of GDP |
International Tourism Expenditure (2023)  | 187 million USD | 346 million USD |
Number of International Tourists Arrivals (2023)  | 5,207,000 | 594,000 |
Military Expenditure (2023)  | Yet to Update | 0.46 (% of GDP) |
Indicators | Andorra | Guatemala |
|---|---|---|
Number of Doctors (2023)  | 36.26 (Per 10,000 People) | 12.8 (Per 10,000 People) |
Number of Nurses (2023)  | 43.65 (Per 10,000 People) | 23.1 (Per 10,000 People) |
Number of Pharmacists (2023)  | 11.02 (Per 10,000 People) | 1.22 (Per 10,000 People) |
Available Hospital Beds (2023)  | 2.5 (Per 1000 People) | 0.44 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | Yet to Update | 91.3 % of total Population |
Andorra has 2.83 times more Doctors compared to Guatemala (Per 10,000 People).
Andorra has 1.89 times more Nurses compared to Guatemala (Per 10,000 People).
Indicators | Andorra | Guatemala |
|---|---|---|
Agricultural Land (2023)  | 187.56 Sq Km | 46,120 Sq Km |
Forest Area (2023)  | 160 Sq Km | 35,162 Sq Km |
CO2 Emissions (2023)  | 0.11 kg per PPP $ of GDP | 0.09 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 99.1 % of total Population |
Access to Internet (2023)  | 93.9 % of total Population | 50.84 % of total Population |
Annual Fresh Water Withdrawals (2023)  | Yet to Update | 3.32 Billion cubic meters |
100% of the total Population of Andorra has access to the electricity in their homes, whereas, in case of Guatemala, 99.1% of the total Population has access to electricity.
Indicators | Andorra | Guatemala |
|---|---|---|
Time Required to Start a Business (2023)  | Yet to Update | 15 Days |
New Businesses Registered (2023)  | Yet to Update | 8,200 (New Businesses) |
New Businesses Registration Density (2023)  | Yet to Update | 0.77 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | Yet to Update | 17.3 % of GNI Per Capita |
Indicators | Andorra | Guatemala |
|---|---|---|
Imports of Goods and Services (2023)  | Yet to Update | 32.94 % of GDP |
Total Fuel Imports (2023)  | 8.65 % of Merchandise Imports | 16.71 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | Yet to Update | 405 USD |
Time to Import Border Compliance (2023)  | Yet to Update | 72 Hours |
Cost to Import Documentary Compliance (2023)  | Yet to Update | 37 USD |
Time to Import Documentary Compliance (2023)  | Yet to Update | 32 Hours |
Indicators | Andorra | Guatemala |
|---|---|---|
Exports of Goods and Services (2023)  | Yet to Update | 17.19 % of GDP |
Total Fuel Exports (2023)  | 0.01 % of Merchandise Exports | 1.92 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | Yet to Update | 310 USD |
Time to Export Border Compliance (2023)  | Yet to Update | 36 Hours |
Cost to Export Documentary Compliance (2023)  | Yet to Update | 105 USD |
Time to Export Documentary Compliance (2023)  | Yet to Update | 48 Hours |
Indicators | Andorra | Guatemala |
|---|---|---|
Gross National Savings (2023)  | Yet to Update | 19.26 % of GDP |
Tax Revenue (2023)  | Yet to Update | 11.9 % of GDP |
Taxes on Exports (2023)  | Yet to Update | Yet to Update |
Taxes on Goods and Services (2023)  | Yet to Update | 53.62 % of Tax Revenue |
Taxes on International Trade (2023)  | Yet to Update | 4.4 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | Yet to Update | 248 Hours |
Customs and Other Import Duties (2023)  | Yet to Update | 4.43 % of Tax Revenue |
We hope you enjoyed the detailed guide on the standard of living comparsion between Andorra and Guatemala.
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