Published: Monday, 21th October 2024
The Standard of living in Burkina Faso is 4.87 times lesser as compared to United Kingdom.
In this page, you will find side-by-side Standard of Living comparison between Burkina Faso and United Kingdom. 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 United Kingdom.
 Indicators  | Burkina Faso  | United Kingdom  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $20.785 billion USD | $4.029 trillion USD |
GDP Per Capita (2023)  | 888 USD | 58,880 USD |
GINI Ratio (2023)  | 0.39 | 0.35 |
Inflation on Consumer Prices (2023)  | 0.74 % annually | 6.79 % annually |
Central Government Debt (2023)  | 62.5 % of GDP | 142.3 % 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 Burkina Faso is $20.785 billion USD and that of United Kingdom is $4.029 trillion 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 United Kingdom.
Indicators | Burkina Faso | United Kingdom |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.438 | 0.940 |
Human Capital Index (HCI) (2024)  | 0.38 | 0.78 |
Literacy Rate (2023)  | 34.49% (15 years+ above age) | 99% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 62.3 years | 80.1 years |
Healthy Life Expectancy Ratio (2023)  | 54.6 years | 68.6 years |
Poverty Ratio (2023)  | 43.2% of total Population | 18.6% of total Population |
Unemployment Rate (2023)  | 5.29% of total labor force | 4.05% 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 United Kingdom is [ 0.940 ].
The data shows that the people living in Burkina Faso has lower income, life expectancy and education level compared to United Kingdom.
Indicators | Burkina Faso | United Kingdom |
|---|---|---|
Gross National Expenditure (2023)  | 107.1 % of GDP | 100.31 % of GDP |
Total Health Expenditure (2023)  | 6.38 % of GDP | 12.36 % of GDP |
Research and Development Expenditure (2023)  | 0.25 % of GDP | 2.91 % of GDP |
Government Expenditure on Education (2023)  | 5.28 % of GDP | 5.4 % of GDP |
International Tourism Expenditure (2023)  | 185.20 million USD | 41,458 million USD |
Number of International Tourists Arrivals (2023)  | 67,000 | 11,101,000 |
Military Expenditure (2023)  | 3.09 % of GDP | 2.23 (% of GDP) |
The total Gross National Expenditure of Burkina Faso is 107.1% of its GDP and the total Gross National Expenditure of United Kingdom is 100.31% of its GDP.
From the above data, we can say that Burkina Faso spends 1.07 times more of its GDP on Gross National Expenditure compared to United Kingdom.
Indicators | Burkina Faso | United Kingdom |
|---|---|---|
Number of Doctors (2023)  | 1 (Per 10,000 People) | 31.7 (Per 10,000 People) |
Number of Nurses (2023)  | 9.2 (Per 10,000 People) | 91.7 (Per 10,000 People) |
Number of Pharmacists (2023)  | 0.31 (Per 10,000 People) | 8.45 (Per 10,000 People) |
Available Hospital Beds (2023)  | 0.4 (Per 1000 People) | 2.46 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 80.2 % of total Population | Yet to Update |
Burkina Faso has 31.70 times less Doctors compared to United Kingdom (Per 10,000 People).
Burkina Faso has 9.97 times less Nurses compared to United Kingdom (Per 10,000 People).
Indicators | Burkina Faso | United Kingdom |
|---|---|---|
Agricultural Land (2023)  | 127,400 Sq Km | 172,151.4 Sq Km |
Forest Area (2023)  | 61,664 Sq Km | 31,986.67 Sq Km |
CO2 Emissions (2023)  | 0.11 kg per PPP $ of GDP | 0.1 kg per PPP $ of GDP |
Access to Electricity (2023)  | 19.5 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 21.58 % of total Population | 96.68 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.82 Billion cubic meters | 8.42 Billion cubic meters |
19.5% of the total Population of Burkina Faso has access to the electricity in their homes, whereas, in case of United Kingdom, 100% of the total Population has access to electricity.
Indicators | Burkina Faso | United Kingdom |
|---|---|---|
Time Required to Start a Business (2023)  | 13 Days | 4.5 Days |
New Businesses Registered (2023)  | 3,416 (New Businesses) | 790,311 (New Businesses) |
New Businesses Registration Density (2023)  | 0.32 (Per 1000 People) | 18.62 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 42.8 % of GNI Per Capita | Yet to Update |
In the year 2023, 3,416 new businesses got registered in Burkina Faso and 790,311 new businesses got registered in United Kingdom.
It usually takes 13 days in Burkina Faso and 4.5 days in United Kingdom to register a new business legally and systematically.
Indicators | Burkina Faso | United Kingdom |
|---|---|---|
Imports of Goods and Services (2023)  | 35.96 % of GDP | 33.41 % of GDP |
Total Fuel Imports (2023)  | 39.58 % of Merchandise Imports | 11.84 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 264.5 USD | Yet to Update |
Time to Import Border Compliance (2023)  | 102 Hours | 3 Hours |
Cost to Import Documentary Compliance (2023)  | 196.5 USD | Yet to Update |
Time to Import Documentary Compliance (2023)  | 96 Hours | 1.67 Hours |
Indicators | Burkina Faso | United Kingdom |
|---|---|---|
Exports of Goods and Services (2023)  | 28.86 % of GDP | 32.17 % of GDP |
Total Fuel Exports (2023)  | 0.02 % of Merchandise Exports | 8.93 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 261 USD | 280 USD |
Time to Export Border Compliance (2023)  | 74.5 Hours | 24 Hours |
Cost to Export Documentary Compliance (2023)  | 85.5 USD | 25 USD |
Time to Export Documentary Compliance (2023)  | 84 Hours | 4 Hours |
Indicators | Burkina Faso | United Kingdom |
|---|---|---|
Gross National Savings (2023)  | 15.03 % of GDP | 15.39 % of GDP |
Tax Revenue (2023)  | 17.67 % of GDP | 27.3 % of GDP |
Taxes on Exports (2023)  | 0.02 % of Tax Revenue | 0.001 % of Tax Revenue |
Taxes on Goods and Services (2023)  | 39.97 % of Tax Revenue | 32.19 % of Tax Revenue |
Taxes on International Trade (2023)  | 11.14 % of Revenue | 0.66 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 270 Hours | 114 Hours |
Customs and Other Import Duties (2023)  | 13.8 % of Tax Revenue | 0.8 % of Tax Revenue |
The taxes charged by Burkina Faso on international trade is 11.14% of the total revenue and the taxes charged by United Kingdom on international trade is 0.66% of the total revenue.
The Taxes charged on International Trade by Burkina Faso is 16.88 times more of its total revenue than of United Kingdom.
We hope you enjoyed the detailed guide on the standard of living comparsion between Burkina Faso and United Kingdom.
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