Published: Monday, 21th October 2024
The Standard of living in Botswana is 1.01 times better as compared to Bolivia.
In this page, you will find side-by-side Standard of Living comparison between Botswana 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 Botswana and Bolivia.
 Indicators  | Botswana  | Bolivia  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $21.90 billion USD | $46.796 billion USD |
GDP Per Capita (2023)  | 7,859 USD | 3,857 USD |
GINI Ratio (2023)  | 0.46 | 0.42 |
Inflation on Consumer Prices (2023)  | 5.07 % annually | 2.58 % annually |
Central Government Debt (2023)  | 19.6 % of GDP | 68.3 % 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 Botswana is $21.90 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 Botswana contributes more to the country's economy compared to a person working in Bolivia.
Indicators | Botswana | Bolivia |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.708 | 0.698 |
Human Capital Index (HCI) (2024)  | 0.41 | Yet to Update |
Literacy Rate (2023)  | 86.82% (15 years+ above age) | 93.85% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 61.2 years | 65.4 years |
Healthy Life Expectancy Ratio (2023)  | 53.1 years | 57.4 years |
Poverty Ratio (2023)  | 16.1% of total Population | 39% of total Population |
Unemployment Rate (2023)  | 23.38% of total labor force | 3.08% 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 Botswana is [ 0.708 ] and the HDI of Bolivia is [ 0.698 ].
The data shows that the people living in Botswana has better income, life expectancy and education level compared to Bolivia.
Indicators | Botswana | Bolivia |
|---|---|---|
Gross National Expenditure (2023)  | 102.21 % of GDP | 102.53 % of GDP |
Total Health Expenditure (2023)  | 6.31 % of GDP | 8.16 % of GDP |
Research and Development Expenditure (2023)  | 0.56 % of GDP | 0.16 % of GDP |
Government Expenditure on Education (2023)  | 8.06 % of GDP | 7.74 % of GDP |
International Tourism Expenditure (2023)  | 91.80 million USD | 325 million USD |
Number of International Tourists Arrivals (2023)  | 1,830,000 | 323,300 |
Military Expenditure (2023)  | 2.74 % of GDP | 1.48 (% of GDP) |
The total Gross National Expenditure of Botswana is 102.21% 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 Botswana spends 1.00 times less of its GDP on Gross National Expenditure compared to Bolivia.
Indicators | Botswana | Bolivia |
|---|---|---|
Number of Doctors (2023)  | 3.92 (Per 10,000 People) | 12.7 (Per 10,000 People) |
Number of Nurses (2023)  | 30.5 (Per 10,000 People) | 16.1 (Per 10,000 People) |
Number of Pharmacists (2023)  | 0.61 (Per 10,000 People) | 2.39 (Per 10,000 People) |
Available Hospital Beds (2023)  | 1.8 (Per 1000 People) | 1.29 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 94.1 % of total Population | 95.6 % of total Population |
Botswana has 3.24 times less Doctors compared to Bolivia (Per 10,000 People).
Botswana has 1.89 times more Nurses compared to Bolivia (Per 10,000 People).
Indicators | Botswana | Bolivia |
|---|---|---|
Agricultural Land (2023)  | 258,620 Sq Km | 381,193.66 Sq Km |
Forest Area (2023)  | 151,364 Sq Km | 506,207.72 Sq Km |
CO2 Emissions (2023)  | 0.16 kg per PPP $ of GDP | 0.19 kg per PPP $ of GDP |
Access to Electricity (2023)  | 75.9 % of total Population | 99.9 % of total Population |
Access to Internet (2023)  | 73.5 % of total Population | 65.98 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.22 Billion cubic meters | 2.09 Billion cubic meters |
75.9% of the total Population of Botswana has access to the electricity in their homes, whereas, in case of Bolivia, 99.9% of the total Population has access to electricity.
Indicators | Botswana | Bolivia |
|---|---|---|
Time Required to Start a Business (2023)  | 48 Days | 39.5 Days |
New Businesses Registered (2023)  | 14,552 (New Businesses) | 3,189 (New Businesses) |
New Businesses Registration Density (2023)  | 8.68 (Per 1000 People) | 0.42 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 0.6 % of GNI Per Capita | 37.3 % of GNI Per Capita |
In the year 2023, 14,552 new businesses got registered in Botswana and 3,189 new businesses got registered in Bolivia.
It usually takes 48 days in Botswana and 39.5 days in Bolivia to register a new business legally and systematically.
Indicators | Botswana | Bolivia |
|---|---|---|
Imports of Goods and Services (2023)  | 35.71 % of GDP | 31.57 % of GDP |
Total Fuel Imports (2023)  | 20.49 % of Merchandise Imports | 26.39 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 98.08 USD | 315 USD |
Time to Import Border Compliance (2023)  | 3.5 Hours | 114 Hours |
Cost to Import Documentary Compliance (2023)  | 66.62 USD | 30 USD |
Time to Import Documentary Compliance (2023)  | 3.31 Hours | 72 Hours |
Indicators | Botswana | Bolivia |
|---|---|---|
Exports of Goods and Services (2023)  | 31.66 % of GDP | 27.28 % of GDP |
Total Fuel Exports (2023)  | 0.67 % of Merchandise Exports | 19.74 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 316.54 USD | 65 USD |
Time to Export Border Compliance (2023)  | 5 Hours | 48 Hours |
Cost to Export Documentary Compliance (2023)  | 179.23 USD | 25 USD |
Time to Export Documentary Compliance (2023)  | 18 Hours | 144 Hours |
Indicators | Botswana | Bolivia |
|---|---|---|
Gross National Savings (2023)  | 33.53 % of GDP | 13.48 % of GDP |
Tax Revenue (2023)  | 19.65 % of GDP | 16.96 % of GDP |
Taxes on Exports (2023)  | 0.01 % of Tax Revenue | 1.07 % of Tax Revenue |
Taxes on Goods and Services (2023)  | 13.8 % of Tax Revenue | 49.31 % of Tax Revenue |
Taxes on International Trade (2023)  | 18.7 % of Revenue | 3.34 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 120 Hours | 1025 Hours |
Customs and Other Import Duties (2023)  | 28.03 % of Tax Revenue | 5.13 % of Tax Revenue |
The taxes charged by Botswana on international trade is 18.7% of the total revenue and the taxes charged by Bolivia on international trade is 3.34% of the total revenue.
The Taxes charged on International Trade by Botswana is 5.60 times more of its total revenue than of Bolivia.
We hope you enjoyed the detailed guide on the standard of living comparsion between Botswana and Bolivia.
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