Published: Monday, 21th October 2024
The Standard of living in Angola is 1.72 times lesser as compared to Trinidad and Tobago.
In this page, you will find side-by-side Standard of Living comparison between Angola and Trinidad and Tobago. 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 Angola and Trinidad and Tobago.
 Indicators  | Angola  | Trinidad and Tobago  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $93.796 billion USD | $27.887 billion USD |
GDP Per Capita (2023)  | 6,780 USD | 19,621 USD |
GINI Ratio (2023)  | 0.38 | 0.39 |
Inflation on Consumer Prices (2023)  | 13.64 % annually | 4.63 % annually |
Central Government Debt (2023)  | Yet to Update | 15.9 % 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 Angola is $93.796 billion USD and that of Trinidad and Tobago is $27.887 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 Angola contributes less to the country's economy compared to a person working in Trinidad and Tobago.
Indicators | Angola | Trinidad and Tobago |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.696 | 0.814 |
Human Capital Index (HCI) (2024)  | 0.36 | 0.6 |
Literacy Rate (2023)  | 72.4% (15 years+ above age) | 97.9% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 62.1 years | 71.7 years |
Healthy Life Expectancy Ratio (2023)  | 53.8 years | 61.9 years |
Poverty Ratio (2023)  | 32.3% of total Population | Yet to Update |
Unemployment Rate (2023)  | 14.62% of total labor force | 4.21% 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 Angola is [ 0.696 ] and the HDI of Trinidad and Tobago is [ 0.814 ].
The data shows that the people living in Angola has lower income, life expectancy and education level compared to Trinidad and Tobago.
Indicators | Angola | Trinidad and Tobago |
|---|---|---|
Gross National Expenditure (2023)  | 86.79 % of GDP | Yet to Update |
Total Health Expenditure (2023)  | 2.96 % of GDP | 7.02 % of GDP |
Research and Development Expenditure (2023)  | 0.03 % of GDP | 0.05 % of GDP |
Government Expenditure on Education (2023)  | 2.33 % of GDP | 2.88 % of GDP |
International Tourism Expenditure (2023)  | 691 million USD | 42 million USD |
Number of International Tourists Arrivals (2023)  | 218,000 | 141,000 |
Military Expenditure (2023)  | 1.33 % of GDP | 0.72 (% of GDP) |
Indicators | Angola | Trinidad and Tobago |
|---|---|---|
Number of Doctors (2023)  | 2.11 (Per 10,000 People) | 41.9 (Per 10,000 People) |
Number of Nurses (2023)  | 4.01 (Per 10,000 People) | 37.3 (Per 10,000 People) |
Number of Pharmacists (2023)  | 0.74 (Per 10,000 People) | 6.13 (Per 10,000 People) |
Available Hospital Beds (2023)  | 0.8 (Per 1000 People) | 3.02 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 81.6 % of total Population | 95.1 % of total Population |
Angola has 19.86 times less Doctors compared to Trinidad and Tobago (Per 10,000 People).
Angola has 9.30 times less Nurses compared to Trinidad and Tobago (Per 10,000 People).
Indicators | Angola | Trinidad and Tobago |
|---|---|---|
Agricultural Land (2023)  | 458,970 Sq Km | 540 Sq Km |
Forest Area (2023)  | 660,523.1 Sq Km | 2,277.7 Sq Km |
CO2 Emissions (2023)  | 0.09 kg per PPP $ of GDP | 0.42 kg per PPP $ of GDP |
Access to Electricity (2023)  | 48.5 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 32.6 % of total Population | 79 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.71 Billion cubic meters | 0.34 Billion cubic meters |
48.5% of the total Population of Angola has access to the electricity in their homes, whereas, in case of Trinidad and Tobago, 100% of the total Population has access to electricity.
Indicators | Angola | Trinidad and Tobago |
|---|---|---|
Time Required to Start a Business (2023)  | 36 Days | 10.5 Days |
New Businesses Registered (2023)  | 23,342 (New Businesses) | 4,344 (New Businesses) |
New Businesses Registration Density (2023)  | 1.25 (Per 1000 People) | 4.1 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 11.1 % of GNI Per Capita | 0.7 % of GNI Per Capita |
In the year 2023, 23,342 new businesses got registered in Angola and 4,344 new businesses got registered in Trinidad and Tobago.
It usually takes 36 days in Angola and 10.5 days in Trinidad and Tobago to register a new business legally and systematically.
Indicators | Angola | Trinidad and Tobago |
|---|---|---|
Imports of Goods and Services (2023)  | 26.66 % of GDP | Yet to Update |
Total Fuel Imports (2023)  | 22.38 % of Merchandise Imports | 0.83 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 1,030 USD | 635 USD |
Time to Import Border Compliance (2023)  | 72 Hours | 78 Hours |
Cost to Import Documentary Compliance (2023)  | 460 USD | 250 USD |
Time to Import Documentary Compliance (2023)  | 96 Hours | 44 Hours |
Indicators | Angola | Trinidad and Tobago |
|---|---|---|
Exports of Goods and Services (2023)  | 39.87 % of GDP | Yet to Update |
Total Fuel Exports (2023)  | 94.92 % of Merchandise Exports | 28.82 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 825 USD | 498.5 USD |
Time to Export Border Compliance (2023)  | 164 Hours | 60 Hours |
Cost to Export Documentary Compliance (2023)  | 240 USD | 250 USD |
Time to Export Documentary Compliance (2023)  | 96 Hours | 32 Hours |
Indicators | Angola | Trinidad and Tobago |
|---|---|---|
Gross National Savings (2023)  | 30.18 % of GDP | Yet to Update |
Tax Revenue (2023)  | 10.09 % of GDP | 16.55 % of GDP |
Taxes on Exports (2023)  | 0.67 % of Tax Revenue | Yet to Update |
Taxes on Goods and Services (2023)  | 5.45 % of Tax Revenue | 20.85 % of Tax Revenue |
Taxes on International Trade (2023)  | 2.87 % of Revenue | 5.98 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 287 Hours | 210 Hours |
Customs and Other Import Duties (2023)  | 5.53 % of Tax Revenue | 8.66 % of Tax Revenue |
The taxes charged by Angola on international trade is 2.87% of the total revenue and the taxes charged by Trinidad and Tobago on international trade is 5.98% of the total revenue.
The Taxes charged on International Trade by Angola is 2.08 times less of its total revenue than of Trinidad and Tobago.
We hope you enjoyed the detailed guide on the standard of living comparsion between Angola and Trinidad and Tobago.
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