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Burkina Faso vs Sri Lanka (Standard of Living)

Published: Monday, 21th October 2024

Recently Updated: Sunday, 12th January 2025

The Standard of living in Burkina Faso is 2.21 times lesser as compared to Sri Lanka.

In this page, you will find side-by-side Standard of Living comparison between Burkina Faso and Sri Lanka. 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 Burkina Faso and Sri Lanka.

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Economic Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of burkina-faso
Burkina Faso
Image illustrating the flag of burkina-faso
Pictorial representation of map of sri-lanka
Sri Lanka
Image illustrating the flag of sri-lanka
Gross Domestic Product (GDP)(2023)
Image representing the total Gross Domestic Product of any specific country
$20.785 billion USD$73.7 billion USD
GDP Per Capita
(2023)
Image representing the total Gross Domestic Product Per Capita of any specific country
888 USD3,293 USD
GINI Ratio
(2023)
Image representing the total GINI Ratio or GINI Coefficient of any specific country
0.390.40
Inflation on Consumer Prices
(2023)
Image representing the Percentage of Inflation on consumer prices of any specific country
0.74 % annually16.54 % annually
Central Government Debt
(2023)
Image representing the Central Government Debt of any specific country
62.5 % of GDP73.5 % 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 Burkina Faso is $20.785 billion USD and that of Sri Lanka is $73.7 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 Burkina Faso contributes less to the country's economy compared to a person working in Sri Lanka.

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Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of burkina-faso
Burkina Faso
Image illustrating the flag of burkina-faso
Pictorial representation of map of sri-lanka
Sri Lanka
Image illustrating the flag of sri-lanka
Human Development Index (HDI) (2024)
Image representing the Human Development Index of any specific country
0.4380.780
Human Capital Index (HCI) (2024)
Image representing the Human Capital Index of any specific country
0.380.6
Literacy Rate
(2023)
Image representing the Literacy Rate of any specific country
34.49% (15 years+ above age)92.49% (15 years+ above age)
Life Expectancy Ratio
(2023)
Image representation of Life Expectancy Ratio any given country
62.3 years77.2 years
Healthy Life Expectancy Ratio
(2023)
Image representation of Healthy Life Expectancy Ratio any given country
54.6 years66.7 years
Poverty Ratio
(2023)
Image representing the Poverty Rate of any specific country
43.2% of total Population14.3% of total Population
Unemployment Rate
(2023)
Image representing the Unemployment Rate of any specific country
5.29% of total labor force6.36% 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 Burkina Faso is [ 0.438 ] and the HDI of Sri Lanka is [ 0.780 ].

The data shows that the people living in Burkina Faso has lower income, life expectancy and education level compared to Sri Lanka.

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Government National Expenditure Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of burkina-faso
Burkina Faso
Image illustrating the flag of burkina-faso
Pictorial representation of map of sri-lanka
Sri Lanka
Image illustrating the flag of sri-lanka
Gross National Expenditure
(2023)
Image representing the total Gross National Expenditure of any specific country
107.1 % of GDP101.49 % of GDP
Total Health Expenditure
(2023)
Image representation of total Health Expenditure of any given country
6.38 % of GDP4.07 % of GDP
Research and Development Expenditure (2023)
Image representing the Government Expenditure of any specific country
0.25 % of GDP0.12 % of GDP
Government Expenditure on Education (2023)
Image representing the Government Expenditure of any specific country
5.28 % of GDP1.2 % of GDP
International Tourism Expenditure (2023)
Image representing the International Tourism Expenditure of any specific country
185.20 million USD803 million USD
Number of International Tourists Arrivals (2023)
Image representing the Number of International Tourists Arrival in any specific country
67,000540,000
Military Expenditure
(2023)
Image representing the Military Expenditure of any specific country
3.09 % of GDP1.43 (% of GDP)

The total Gross National Expenditure of Burkina Faso is 107.1% of its GDP and the total Gross National Expenditure of Sri Lanka is 101.49% of its GDP.

From the above data, we can say that Burkina Faso spends 1.06 times more of its GDP on Gross National Expenditure compared to Sri Lanka.

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Health System Facilities Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of burkina-faso
Burkina Faso
Image illustrating the flag of burkina-faso
Pictorial representation of map of sri-lanka
Sri Lanka
Image illustrating the flag of sri-lanka
Number of Doctors
(2023)
Visual representation of number of Doctors in any specific country
1
(Per 10,000 People)
11.9
(Per 10,000 People)
Number of Nurses
(2023)
Visual representation of number of Nurses in any specific country
9.2
(Per 10,000 People)
24.4
(Per 10,000 People)
Number of Pharmacists
(2023)
Visual representation of number of Pharmacists in any specific country
0.31
(Per 10,000 People)
1.06
(Per 10,000 People)
Available Hospital Beds
(2023)
Visual representation of Available Hospital Beds in any specific country
0.4
(Per 1000 People)
4.15
(Per 1000 People)
Pregnant Women Receiving Prenatal Care (2023)
Visual representation of Pregnant Women Receiving Prenatal Care in any specific country
80.2 % of total Population98.8 % of total Population

Burkina Faso has 11.90 times less Doctors compared to Sri Lanka (Per 10,000 People).

Burkina Faso has 2.65 times less Nurses compared to Sri Lanka (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 burkina-faso
Burkina Faso
Image illustrating the flag of burkina-faso
Pictorial representation of map of sri-lanka
Sri Lanka
Image illustrating the flag of sri-lanka
Agricultural Land
(2023)
Image Depicting the total Agricultural Land available in any specific country
127,400 Sq Km28,120 Sq Km
Forest Area
(2023)
Image Depicting the total Forest Area available in any specific country
61,664 Sq Km21,098.6 Sq Km
CO2 Emissions
(2023)
Image Depicting the total CO2 Emissions from any specific country
0.11 kg per PPP $ of GDP0.08 kg per PPP $ of GDP
Access to Electricity
(2023)
Image Depicting the access of electricity in any specific country
19.5 % of total Population100 % of total Population
Access to Internet
(2023)
Image Depicting the access of internet in any specific country
21.58 % of total Population44.45 % of total Population
Annual Fresh Water Withdrawals (2023)
Image Depicting the annual freshwater withdrawals from any specific country
0.82 Billion cubic meters12.95 Billion cubic meters

19.5% of the total Population of Burkina Faso has access to the electricity in their homes, whereas, in case of Sri Lanka, 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 burkina-faso
Burkina Faso
Image illustrating the flag of burkina-faso
Pictorial representation of map of sri-lanka
Sri Lanka
Image illustrating the flag of sri-lanka
Time Required to Start a Business (2023)
Image representing Time Required to Start a Business
13 Days8 Days
New Businesses Registered (2023)
Image representing New Businesses Registered
3,416 (New Businesses)17,447 (New Businesses)
New Businesses Registration Density (2023)
Image representing New Businesses Registration Density
0.32 (Per 1000 People)1.2 (Per 1000 People)
Cost of Business Start-Up Procedures (2023)
Image representing Cost of Business Start-Up Procedures
42.8 % of GNI Per Capita8.7 % of GNI Per Capita

In the year 2023, 3,416 new businesses got registered in Burkina Faso and 17,447 new businesses got registered in Sri Lanka.

It usually takes 13 days in Burkina Faso and 8 days in Sri Lanka 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 burkina-faso
Burkina Faso
Image illustrating the flag of burkina-faso
Pictorial representation of map of sri-lanka
Sri Lanka
Image illustrating the flag of sri-lanka
Imports of Goods and Services (2023)
Image representing Imports of Goods and Services
35.96 % of GDP21.89 % of GDP
Total Fuel Imports
(2023)
Image representing Total Fuel Imports
39.58 % of Merchandise Imports24.84 % of Merchandise Imports
Cost to Import Border Compliance (2023)
Image representing Cost to Import Border Compliance
264.5 USD 299.67 USD
Time to Import Border Compliance (2023)
Image representing Time to Import Border Compliance
102 Hours72 Hours
Cost to Import Documentary Compliance (2023)
Image representing Cost to Import documentary Compliance
196.5 USD 282.78 USD
Time to Import Documentary Compliance (2023)
Image representing Time to Import Documentary Compliance
96 Hours48 Hours
Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of burkina-faso
Burkina Faso
Image illustrating the flag of burkina-faso
Pictorial representation of map of sri-lanka
Sri Lanka
Image illustrating the flag of sri-lanka
Exports of Goods and Services (2023)
Image representing Exports of Goods and Services
28.86 % of GDP20.39 % of GDP
Total Fuel Exports
(2023)
Image representing Total Fuel Exports
0.02 % of Merchandise Exports3.23 % of Merchandise Exports
Cost to Export Border Compliance (2023)
Image representing Cost to Export Border Compliance
261 USD366.11 USD
Time to Export Border Compliance (2023)
Image representing Time to Export Border Compliance
74.5 Hours43 Hours
Cost to Export Documentary Compliance (2023)
Image representing Cost to Export documentary Compliance
85.5 USD57.58 USD
Time to Export Documentary Compliance (2023)
Image representing Time to Export Documentary Compliance
84 Hours48 Hours
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Tax Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of burkina-faso
Burkina Faso
Image illustrating the flag of burkina-faso
Pictorial representation of map of sri-lanka
Sri Lanka
Image illustrating the flag of sri-lanka
Gross National Savings
(2023)
Image representing the total Gross National Savings of any specific country
15.03 % of GDP27.23 % of GDP
Tax Revenue
(2023)
Image representing the total tax revenue collection of any specific country
17.67 % of GDP7.28 % of GDP
Taxes on Exports
(2023)
Image representing Taxes on Exports
0.02 % of Tax Revenue0.13 % of Tax Revenue
Taxes on Goods and Services
(2023)
Image representing Taxes on Goods and Services
39.97 % of Tax Revenue43.37 % of Tax Revenue
Taxes on International Trade
(2023)
Image representing Taxes on International Trade
11.14 % of Revenue17.1 % of Revenue
Time to Prepare and Pay Taxes (2023)
Image representing Time to Prepare and Pay Taxes
270 Hours129 Hours
Customs and Other Import Duties (2023)
Image representing Customs and Other Import Duties
13.8 % of Tax Revenue19.53 % of Tax Revenue

The taxes charged by Burkina Faso on international trade is 11.14% of the total revenue and the taxes charged by Sri Lanka on international trade is 17.1% of the total revenue.

The Taxes charged on International Trade by Burkina Faso is 1.54 times less of its total revenue than of Sri Lanka.

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We hope you enjoyed the detailed guide on the standard of living comparsion between Burkina Faso and Sri Lanka.

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.

Pictorial representation of the map of Burkina Faso
Burkina Faso
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Zambia
Pictorial representation of the map of Zambia
Pictorial representation of the map of Burkina Faso
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Egypt
Pictorial representation of the map of Egypt
Pictorial representation of the map of Burkina Faso
Burkina Faso
v/s
Yemen
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Pictorial representation of the map of Burkina Faso
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Seychelles
Pictorial representation of the map of Seychelles
Pictorial representation of the map of Burkina Faso
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Turkey
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Pictorial representation of the map of Burkina Faso
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Pictorial representation of the map of Jordan
Pictorial representation of the map of Burkina Faso
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Pictorial representation of the map of Uzbekistan
Pictorial representation of the map of Burkina Faso
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Pictorial representation of the map of Kiribati
Pictorial representation of the map of Burkina Faso
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Somalia
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Pictorial representation of the map of Burkina Faso
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Bangladesh
Pictorial representation of the map of Bangladesh
Pictorial representation of the map of Burkina Faso
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v/s
Jamaica
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Pictorial representation of the map of Burkina Faso
Burkina Faso
v/s
Ireland
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