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Belgium vs Bolivia (Standard of Living)

Published: Monday, 21th October 2024

Recently Updated: Saturday, 11th January 2025

The Standard of living in Belgium is 2.10 times better as compared to Bolivia.

In this page, you will find side-by-side Standard of Living comparison between Belgium and Bolivia. 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 Belgium and Bolivia.

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Economic Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of belgium
Belgium
Image illustrating the flag of belgium
Pictorial representation of map of bolivia
Bolivia
Image illustrating the flag of bolivia
Gross Domestic Product (GDP)(2023)
Image representing the total Gross Domestic Product of any specific country
$655.192 billion USD$46.796 billion USD
GDP Per Capita
(2023)
Image representing the total Gross Domestic Product Per Capita of any specific country
55,536 USD3,857 USD
GINI Ratio
(2023)
Image representing the total GINI Ratio or GINI Coefficient of any specific country
0.250.42
Inflation on Consumer Prices
(2023)
Image representing the Percentage of Inflation on consumer prices of any specific country
4.05 % annually2.58 % annually
Central Government Debt
(2023)
Image representing the Central Government Debt of any specific country
94 % of GDP68.3 % of GDP
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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 Belgium is $655.192 billion USD and that of Bolivia is $46.796 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 Belgium contributes more to the country's economy compared to a person working in Bolivia.

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Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of belgium
Belgium
Image illustrating the flag of belgium
Pictorial representation of map of bolivia
Bolivia
Image illustrating the flag of bolivia
Human Development Index (HDI) (2024)
Image representing the Human Development Index of any specific country
0.9420.698
Human Capital Index (HCI) (2024)
Image representing the Human Capital Index of any specific country
0.76Yet to Update
Literacy Rate
(2023)
Image representing the Literacy Rate of any specific country
99% (15 years+ above age)93.85% (15 years+ above age)
Life Expectancy Ratio
(2023)
Image representation of Life Expectancy Ratio any given country
81.5 years65.4 years
Healthy Life Expectancy Ratio
(2023)
Image representation of Healthy Life Expectancy Ratio any given country
69.8 years57.4 years
Poverty Ratio
(2023)
Image representing the Poverty Rate of any specific country
12.3% of total Population39% of total Population
Unemployment Rate
(2023)
Image representing the Unemployment Rate of any specific country
5.51% of total labor force3.08% 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 Belgium is [ 0.942 ] and the HDI of Bolivia is [ 0.698 ].

The data shows that the people living in Belgium has better income, life expectancy and education level compared to Bolivia.

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Government National Expenditure Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of belgium
Belgium
Image illustrating the flag of belgium
Pictorial representation of map of bolivia
Bolivia
Image illustrating the flag of bolivia
Gross National Expenditure
(2023)
Image representing the total Gross National Expenditure of any specific country
100.93 % of GDP102.53 % of GDP
Total Health Expenditure
(2023)
Image representation of total Health Expenditure of any given country
11.04 % of GDP8.16 % of GDP
Research and Development Expenditure (2023)
Image representing the Government Expenditure of any specific country
3.43 % of GDP0.16 % of GDP
Government Expenditure on Education (2023)
Image representing the Government Expenditure of any specific country
6.21 % of GDP7.74 % of GDP
International Tourism Expenditure (2023)
Image representing the International Tourism Expenditure of any specific country
13,928 million USD325 million USD
Number of International Tourists Arrivals (2023)
Image representing the Number of International Tourists Arrival in any specific country
2,584,000323,300
Military Expenditure
(2023)
Image representing the Military Expenditure of any specific country
1.18 % of GDP1.48 (% of GDP)

The total Gross National Expenditure of Belgium is 100.93% of its GDP and the total Gross National Expenditure of Bolivia is 102.53% of its GDP.

From the above data, we can say that Belgium spends 1.02 times less of its GDP on Gross National Expenditure compared to Bolivia.

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Health System Facilities Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of belgium
Belgium
Image illustrating the flag of belgium
Pictorial representation of map of bolivia
Bolivia
Image illustrating the flag of bolivia
Number of Doctors
(2023)
Visual representation of number of Doctors in any specific country
32.4
(Per 10,000 People)
12.7
(Per 10,000 People)
Number of Nurses
(2023)
Visual representation of number of Nurses in any specific country
205
(Per 10,000 People)
16.1
(Per 10,000 People)
Number of Pharmacists
(2023)
Visual representation of number of Pharmacists in any specific country
13.07
(Per 10,000 People)
2.39
(Per 10,000 People)
Available Hospital Beds
(2023)
Visual representation of Available Hospital Beds in any specific country
5.58
(Per 1000 People)
1.29
(Per 1000 People)
Pregnant Women Receiving Prenatal Care (2023)
Visual representation of Pregnant Women Receiving Prenatal Care in any specific country
Yet to Update95.6 % of total Population

Belgium has 2.55 times more Doctors compared to Bolivia (Per 10,000 People).

Belgium has 12.73 times more Nurses compared to Bolivia (Per 10,000 People).

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Environmental Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of belgium
Belgium
Image illustrating the flag of belgium
Pictorial representation of map of bolivia
Bolivia
Image illustrating the flag of bolivia
Agricultural Land
(2023)
Image Depicting the total Agricultural Land available in any specific country
13,656.7 Sq Km381,193.66 Sq Km
Forest Area
(2023)
Image Depicting the total Forest Area available in any specific country
6,893 Sq Km506,207.72 Sq Km
CO2 Emissions
(2023)
Image Depicting the total CO2 Emissions from any specific country
0.13 kg per PPP $ of GDP0.19 kg per PPP $ of GDP
Access to Electricity
(2023)
Image Depicting the access of electricity in any specific country
100 % of total Population99.9 % of total Population
Access to Internet
(2023)
Image Depicting the access of internet in any specific country
94.01 % of total Population65.98 % of total Population
Annual Fresh Water Withdrawals (2023)
Image Depicting the annual freshwater withdrawals from any specific country
4.2 Billion cubic meters2.09 Billion cubic meters

100% of the total Population of Belgium has access to the electricity in their homes, whereas, in case of Bolivia, 99.9% of the total Population has access to electricity.

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Business Registration Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of belgium
Belgium
Image illustrating the flag of belgium
Pictorial representation of map of bolivia
Bolivia
Image illustrating the flag of bolivia
Time Required to Start a Business (2023)
Image representing Time Required to Start a Business
5 Days39.5 Days
New Businesses Registered (2023)
Image representing New Businesses Registered
47,171 (New Businesses)3,189 (New Businesses)
New Businesses Registration Density (2023)
Image representing New Businesses Registration Density
6.34 (Per 1000 People)0.42 (Per 1000 People)
Cost of Business Start-Up Procedures (2023)
Image representing Cost of Business Start-Up Procedures
5.3 % of GNI Per Capita37.3 % of GNI Per Capita

In the year 2023, 47,171 new businesses got registered in Belgium and 3,189 new businesses got registered in Bolivia.

It usually takes 5 days in Belgium and 39.5 days in Bolivia to register a new business legally and systematically.

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Import & Export Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of belgium
Belgium
Image illustrating the flag of belgium
Pictorial representation of map of bolivia
Bolivia
Image illustrating the flag of bolivia
Imports of Goods and Services (2023)
Image representing Imports of Goods and Services
87.61 % of GDP31.57 % of GDP
Total Fuel Imports
(2023)
Image representing Total Fuel Imports
17.06 % of Merchandise Imports26.39 % of Merchandise Imports
Cost to Import Border Compliance (2023)
Image representing Cost to Import Border Compliance
Yet to Update315 USD
Time to Import Border Compliance (2023)
Image representing Time to Import Border Compliance
Yet to Update114 Hours
Cost to Import Documentary Compliance (2023)
Image representing Cost to Import documentary Compliance
Yet to Update30 USD
Time to Import Documentary Compliance (2023)
Image representing Time to Import Documentary Compliance
0.5 Hour72 Hours
Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of belgium
Belgium
Image illustrating the flag of belgium
Pictorial representation of map of bolivia
Bolivia
Image illustrating the flag of bolivia
Exports of Goods and Services (2023)
Image representing Exports of Goods and Services
86.68 % of GDP27.28 % of GDP
Total Fuel Exports
(2023)
Image representing Total Fuel Exports
13.17 % of Merchandise Exports19.74 % of Merchandise Exports
Cost to Export Border Compliance (2023)
Image representing Cost to Export Border Compliance
Yet to Update65 USD
Time to Export Border Compliance (2023)
Image representing Time to Export Border Compliance
Yet to Update48 Hours
Cost to Export Documentary Compliance (2023)
Image representing Cost to Export documentary Compliance
Yet to Update25 USD
Time to Export Documentary Compliance (2023)
Image representing Time to Export Documentary Compliance
0.5 Hour144 Hours
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Tax Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of belgium
Belgium
Image illustrating the flag of belgium
Pictorial representation of map of bolivia
Bolivia
Image illustrating the flag of bolivia
Gross National Savings
(2023)
Image representing the total Gross National Savings of any specific country
25.21 % of GDP13.48 % of GDP
Tax Revenue
(2023)
Image representing the total tax revenue collection of any specific country
23.09 % of GDP16.96 % of GDP
Taxes on Exports
(2023)
Image representing Taxes on Exports
Yet to Update1.07 % of Tax Revenue
Taxes on Goods and Services
(2023)
Image representing Taxes on Goods and Services
25.47 % of Tax Revenue49.31 % of Tax Revenue
Taxes on International Trade
(2023)
Image representing Taxes on International Trade
Yet to Update3.34 % of Revenue
Time to Prepare and Pay Taxes (2023)
Image representing Time to Prepare and Pay Taxes
136 Hours1025 Hours
Customs and Other Import Duties (2023)
Image representing Customs and Other Import Duties
Yet to Update5.13 % of Tax Revenue
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We hope you enjoyed the detailed guide on the standard of living comparsion between Belgium and Bolivia.

For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.

The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.

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