Published: Monday, 21th October 2024
The Standard of living in Antigua and Barbuda is 1.53 times lesser as compared to Austria.
In this page, you will find side-by-side Standard of Living comparison between Antigua and Barbuda and Austria. 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 Antigua and Barbuda and Austria.
 Indicators  | Antigua and Barbuda  | Austria  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $1.95 billion USD | $540.887 billion USD |
GDP Per Capita (2023)  | 19,068 USD | 59,225 USD |
GINI Ratio (2023)  | Yet to Update | 0.27 |
Inflation on Consumer Prices (2023)  | 5.07 % annually | 7.81 % annually |
Central Government Debt (2023)  | Yet to Update | 75.1 % 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 Antigua and Barbuda is $1.95 billion USD and that of Austria is $540.887 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 Antigua and Barbuda contributes less to the country's economy compared to a person working in Austria.
Indicators | Antigua and Barbuda | Austria |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.826 | 0.926 |
Human Capital Index (HCI) (2024)  | 0.6 | 0.75 |
Literacy Rate (2023)  | 98.95% (15 years+ above age) | 99% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 76.9 years | 81 years |
Healthy Life Expectancy Ratio (2023)  | 66.5 years | 69.8 years |
Poverty Ratio (2023)  | Yet to Update | 14.8% of total Population |
Unemployment Rate (2023)  | Yet to Update | 5.24% 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 Antigua and Barbuda is [ 0.826 ] and the HDI of Austria is [ 0.926 ].
The data shows that the people living in Antigua and Barbuda has lower income, life expectancy and education level compared to Austria.
Indicators | Antigua and Barbuda | Austria |
|---|---|---|
Gross National Expenditure (2023)  | Yet to Update | 97.37 % of GDP |
Total Health Expenditure (2023)  | 5.85 % of GDP | 12.1 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | 3.26 % of GDP |
Government Expenditure on Education (2023)  | 3.65 % of GDP | 4.77 % of GDP |
International Tourism Expenditure (2023)  | 35 million USD | 5,551 million USD |
Number of International Tourists Arrivals (2023)  | 384,500 | 15,091,000 |
Military Expenditure (2023)  | Yet to Update | 0.77 (% of GDP) |
Indicators | Antigua and Barbuda | Austria |
|---|---|---|
Number of Doctors (2023)  | 28.98 (Per 10,000 People) | 54.3 (Per 10,000 People) |
Number of Nurses (2023)  | 95.8 (Per 10,000 People) | 109.3 (Per 10,000 People) |
Number of Pharmacists (2023)  | Yet to Update | 7.61 (Per 10,000 People) |
Available Hospital Beds (2023)  | 2.89 (Per 1000 People) | 7.27 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 100 % of total Population | 100 % of total Population |
Antigua and Barbuda has 1.87 times less Doctors compared to Austria (Per 10,000 People).
Antigua and Barbuda has 1.14 times less Nurses compared to Austria (Per 10,000 People).
Indicators | Antigua and Barbuda | Austria |
|---|---|---|
Agricultural Land (2023)  | 90 Sq Km | 25,974.59 Sq Km |
Forest Area (2023)  | 80.53 Sq Km | 39,027.4 Sq Km |
CO2 Emissions (2023)  | 0.23 kg per PPP $ of GDP | 0.11 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 95.66 % of total Population | 93.61 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.004 Billion cubic meters | 3.49 Billion cubic meters |
100% of the total Population of Antigua and Barbuda has access to the electricity in their homes, whereas, in case of Austria, 100% of the total Population has access to electricity.
Indicators | Antigua and Barbuda | Austria |
|---|---|---|
Time Required to Start a Business (2023)  | 19 Days | 21 Days |
New Businesses Registered (2023)  | 277 (New Businesses) | 5,657 (New Businesses) |
New Businesses Registration Density (2023)  | 4.17 (Per 1000 People) | 0.95 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 8 % of GNI Per Capita | 4.7 % of GNI Per Capita |
In the year 2023, 277 new businesses got registered in Antigua and Barbuda and 5,657 new businesses got registered in Austria.
It usually takes 19 days in Antigua and Barbuda and 21 days in Austria to register a new business legally and systematically.
Indicators | Antigua and Barbuda | Austria |
|---|---|---|
Imports of Goods and Services (2023)  | 62.94 % of GDP | 56.64 % of GDP |
Total Fuel Imports (2023)  | 0.72 % of Merchandise Imports | 12.61 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 546.39 USD | Yet to Update |
Time to Import Border Compliance (2023)  | 61.33 Hours | Yet to Update |
Cost to Import Documentary Compliance (2023)  | 100 USD | Yet to Update |
Time to Import Documentary Compliance (2023)  | 48 Hours | 0.5 Hour |
Indicators | Antigua and Barbuda | Austria |
|---|---|---|
Exports of Goods and Services (2023)  | 54.69 % of GDP | 59.48 % of GDP |
Total Fuel Exports (2023)  | Yet to Update | 3.87 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 546.39 USD | Yet to Update |
Time to Export Border Compliance (2023)  | 61.33 Hours | Yet to Update |
Cost to Export Documentary Compliance (2023)  | 120.83 USD | Yet to Update |
Time to Export Documentary Compliance (2023)  | 50.67 Hours | 0.5 Hour |
Indicators | Antigua and Barbuda | Austria |
|---|---|---|
Gross National Savings (2023)  | Yet to Update | 27.05 % of GDP |
Tax Revenue (2023)  | Yet to Update | 26.24 % of GDP |
Taxes on Exports (2023)  | Yet to Update | 0.003 % of Tax Revenue |
Taxes on Goods and Services (2023)  | Yet to Update | 25.85 % of Tax Revenue |
Taxes on International Trade (2023)  | Yet to Update | 0.00005 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 177 Hours | 131 Hours |
Customs and Other Import Duties (2023)  | Yet to Update | 0.0001 % of Tax Revenue |
We hope you enjoyed the detailed guide on the standard of living comparsion between Antigua and Barbuda and Austria.
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