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Botswana vs Palau (Standard of Living)

Published: Monday, 21th October 2024

Recently Updated: Monday, 13th January 2025

The Standard of living in Botswana is 1.19 times lesser as compared to Palau.

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

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Economic Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of botswana
Botswana
Image illustrating the flag of botswana
Pictorial representation of map of palau
Palau
Image illustrating the flag of palau
Gross Domestic Product (GDP)(2023)
Image representing the total Gross Domestic Product of any specific country
$21.90 billion USD$322 million USD
GDP Per Capita
(2023)
Image representing the total Gross Domestic Product Per Capita of any specific country
7,859 USD17,448 USD
GINI Ratio
(2023)
Image representing the total GINI Ratio or GINI Coefficient of any specific country
0.460.42
Inflation on Consumer Prices
(2023)
Image representing the Percentage of Inflation on consumer prices of any specific country
5.07 % annually12.8 % annually
Central Government Debt
(2023)
Image representing the Central Government Debt of any specific country
19.6 % of GDP85.2 % 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 Botswana is $21.90 billion USD and that of Palau is $322 million 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 less to the country's economy compared to a person working in Palau.

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Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of botswana
Botswana
Image illustrating the flag of botswana
Pictorial representation of map of palau
Palau
Image illustrating the flag of palau
Human Development Index (HDI) (2024)
Image representing the Human Development Index of any specific country
0.7080.797
Human Capital Index (HCI) (2024)
Image representing the Human Capital Index of any specific country
0.410.59
Literacy Rate
(2023)
Image representing the Literacy Rate of any specific country
86.82% (15 years+ above age)96.59% (15 years+ above age)
Life Expectancy Ratio
(2023)
Image representation of Life Expectancy Ratio any given country
61.2 years73.4 years
Healthy Life Expectancy Ratio
(2023)
Image representation of Healthy Life Expectancy Ratio any given country
53.1 years61.2 years
Poverty Ratio
(2023)
Image representing the Poverty Rate of any specific country
16.1% of total Population24.9% of total Population
Unemployment Rate
(2023)
Image representing the Unemployment Rate of any specific country
23.38% of total labor forceYet to Update

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 Palau is [ 0.797 ].

The data shows that the people living in Botswana has lower income, life expectancy and education level compared to Palau.

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Government National Expenditure Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of botswana
Botswana
Image illustrating the flag of botswana
Pictorial representation of map of palau
Palau
Image illustrating the flag of palau
Gross National Expenditure
(2023)
Image representing the total Gross National Expenditure of any specific country
102.21 % of GDP160.24 % of GDP
Total Health Expenditure
(2023)
Image representation of total Health Expenditure of any given country
6.31 % of GDP17.1 % of GDP
Research and Development Expenditure (2023)
Image representing the Government Expenditure of any specific country
0.56 % of GDPYet to Update
Government Expenditure on Education (2023)
Image representing the Government Expenditure of any specific country
8.06 % of GDP7.52 % of GDP
International Tourism Expenditure (2023)
Image representing the International Tourism Expenditure of any specific country
91.80 million USD23.30 million USD
Number of International Tourists Arrivals (2023)
Image representing the Number of International Tourists Arrival in any specific country
1,830,00018,400
Military Expenditure
(2023)
Image representing the Military Expenditure of any specific country
2.74 % of GDPYet to Update

The total Gross National Expenditure of Botswana is 102.21% of its GDP and the total Gross National Expenditure of Palau is 160.24% of its GDP.

From the above data, we can say that Botswana spends 1.57 times less of its GDP on Gross National Expenditure compared to Palau.

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Health System Facilities Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of botswana
Botswana
Image illustrating the flag of botswana
Pictorial representation of map of palau
Palau
Image illustrating the flag of palau
Number of Doctors
(2023)
Visual representation of number of Doctors in any specific country
3.92
(Per 10,000 People)
18.2
(Per 10,000 People)
Number of Nurses
(2023)
Visual representation of number of Nurses in any specific country
30.5
(Per 10,000 People)
82.7
(Per 10,000 People)
Number of Pharmacists
(2023)
Visual representation of number of Pharmacists in any specific country
0.61
(Per 10,000 People)
3.6
(Per 10,000 People)
Available Hospital Beds
(2023)
Visual representation of Available Hospital Beds in any specific country
1.8
(Per 1000 People)
4.8
(Per 1000 People)
Pregnant Women Receiving Prenatal Care (2023)
Visual representation of Pregnant Women Receiving Prenatal Care in any specific country
94.1 % of total Population90.3 % of total Population

Botswana has 4.64 times less Doctors compared to Palau (Per 10,000 People).

Botswana has 2.71 times less Nurses compared to Palau (Per 10,000 People).

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Environmental Factors Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of botswana
Botswana
Image illustrating the flag of botswana
Pictorial representation of map of palau
Palau
Image illustrating the flag of palau
Agricultural Land
(2023)
Image Depicting the total Agricultural Land available in any specific country
258,620 Sq Km43 Sq Km
Forest Area
(2023)
Image Depicting the total Forest Area available in any specific country
151,364 Sq Km414.9 Sq Km
CO2 Emissions
(2023)
Image Depicting the total CO2 Emissions from any specific country
0.16 kg per PPP $ of GDP0.5 kg per PPP $ of GDP
Access to Electricity
(2023)
Image Depicting the access of electricity in any specific country
75.9 % of total Population100 % of total Population
Access to Internet
(2023)
Image Depicting the access of internet in any specific country
73.5 % of total Population26.97 % of total Population
Annual Fresh Water Withdrawals (2023)
Image Depicting the annual freshwater withdrawals from any specific country
0.22 Billion cubic metersYet to Update

75.9% of the total Population of Botswana has access to the electricity in their homes, whereas, in case of Palau, 100% 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 botswana
Botswana
Image illustrating the flag of botswana
Pictorial representation of map of palau
Palau
Image illustrating the flag of palau
Time Required to Start a Business (2023)
Image representing Time Required to Start a Business
48 Days28 Days
New Businesses Registered (2023)
Image representing New Businesses Registered
14,552 (New Businesses)Yet to Update
New Businesses Registration Density (2023)
Image representing New Businesses Registration Density
8.68 (Per 1000 People)Yet to Update
Cost of Business Start-Up Procedures (2023)
Image representing Cost of Business Start-Up Procedures
0.6 % of GNI Per Capita2.2 % of GNI Per Capita

It usually takes 48 days in Botswana and 28 days in Palau 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 botswana
Botswana
Image illustrating the flag of botswana
Pictorial representation of map of palau
Palau
Image illustrating the flag of palau
Imports of Goods and Services (2023)
Image representing Imports of Goods and Services
35.71 % of GDP78.34 % of GDP
Total Fuel Imports
(2023)
Image representing Total Fuel Imports
20.49 % of Merchandise Imports24.07 % of Merchandise Imports
Cost to Import Border Compliance (2023)
Image representing Cost to Import Border Compliance
98.08 USD 605 USD
Time to Import Border Compliance (2023)
Image representing Time to Import Border Compliance
3.5 Hours84 Hours
Cost to Import Documentary Compliance (2023)
Image representing Cost to Import documentary Compliance
66.62 USD 100 USD
Time to Import Documentary Compliance (2023)
Image representing Time to Import Documentary Compliance
3.31 Hours96 Hours
Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of botswana
Botswana
Image illustrating the flag of botswana
Pictorial representation of map of palau
Palau
Image illustrating the flag of palau
Exports of Goods and Services (2023)
Image representing Exports of Goods and Services
31.66 % of GDP14.2 % of GDP
Total Fuel Exports
(2023)
Image representing Total Fuel Exports
0.67 % of Merchandise Exports0.46 % of Merchandise Exports
Cost to Export Border Compliance (2023)
Image representing Cost to Export Border Compliance
316.54 USD505 USD
Time to Export Border Compliance (2023)
Image representing Time to Export Border Compliance
5 Hours101.71 Hours
Cost to Export Documentary Compliance (2023)
Image representing Cost to Export documentary Compliance
179.23 USD100 USD
Time to Export Documentary Compliance (2023)
Image representing Time to Export Documentary Compliance
18 Hours72 Hours
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Tax Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of botswana
Botswana
Image illustrating the flag of botswana
Pictorial representation of map of palau
Palau
Image illustrating the flag of palau
Gross National Savings
(2023)
Image representing the total Gross National Savings of any specific country
33.53 % of GDP2.82 % of GDP
Tax Revenue
(2023)
Image representing the total tax revenue collection of any specific country
19.65 % of GDP17.93 % of GDP
Taxes on Exports
(2023)
Image representing Taxes on Exports
0.01 % of Tax RevenueYet to Update
Taxes on Goods and Services
(2023)
Image representing Taxes on Goods and Services
13.8 % of Tax Revenue14.15 % of Tax Revenue
Taxes on International Trade
(2023)
Image representing Taxes on International Trade
18.7 % of Revenue12.34 % of Revenue
Time to Prepare and Pay Taxes (2023)
Image representing Time to Prepare and Pay Taxes
120 Hours52 Hours
Customs and Other Import Duties (2023)
Image representing Customs and Other Import Duties
28.03 % of Tax Revenue32.32 % of Tax Revenue

The taxes charged by Botswana on international trade is 18.7% of the total revenue and the taxes charged by Palau on international trade is 12.34% of the total revenue.

The Taxes charged on International Trade by Botswana is 1.52 times more of its total revenue than of Palau.

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We hope you enjoyed the detailed guide on the standard of living comparsion between Botswana and Palau.

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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