Published: Monday, 21th October 2024
The Standard of living in Burundi is 7.55 times lesser as compared to Luxembourg.
In this page, you will find side-by-side Standard of Living comparison between Burundi and Luxembourg. 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 Burundi and Luxembourg.
 Indicators  | Burundi  | Luxembourg  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $3.190 billion USD | $89.095 billion USD |
GDP Per Capita (2023)  | 245 USD | 135,605 USD |
GINI Ratio (2023)  | 0.39 | 0.30 |
Inflation on Consumer Prices (2023)  | 26.94 % annually | 3.74 % annually |
Central Government Debt (2023)  | Yet to Update | 2.9 % 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 Burundi is $3.190 billion USD and that of Luxembourg is $89.095 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 Burundi contributes less to the country's economy compared to a person working in Luxembourg.
Indicators | Burundi | Luxembourg |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.420 | 0.927 |
Human Capital Index (HCI) (2024)  | 0.39 | 0.69 |
Literacy Rate (2023)  | 75.54% (15 years+ above age) | 100% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 64 years | 82.8 years |
Healthy Life Expectancy Ratio (2023)  | 55.8 years | 71.2 years |
Poverty Ratio (2023)  | 64.9% of total Population | 17.3% of total Population |
Unemployment Rate (2023)  | 0.93% of total labor force | 5.19% 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 Burundi is [ 0.420 ] and the HDI of Luxembourg is [ 0.927 ].
The data shows that the people living in Burundi has lower income, life expectancy and education level compared to Luxembourg.
Indicators | Burundi | Luxembourg |
|---|---|---|
Gross National Expenditure (2023)  | 119.07 % of GDP | 69.16 % of GDP |
Total Health Expenditure (2023)  | 9.1 % of GDP | 5.67 % of GDP |
Research and Development Expenditure (2023)  | 0.21 % of GDP | 1.04 % of GDP |
Government Expenditure on Education (2023)  | 4.82 % of GDP | 4.7 % of GDP |
International Tourism Expenditure (2023)  | 49 million USD | 2,458 million USD |
Number of International Tourists Arrivals (2023)  | 299,000 | 525,000 |
Military Expenditure (2023)  | 2.76 % of GDP | 0.7 (% of GDP) |
The total Gross National Expenditure of Burundi is 119.07% of its GDP and the total Gross National Expenditure of Luxembourg is 69.16% of its GDP.
From the above data, we can say that Burundi spends 1.72 times more of its GDP on Gross National Expenditure compared to Luxembourg.
Indicators | Burundi | Luxembourg |
|---|---|---|
Number of Doctors (2023)  | 0.65 (Per 10,000 People) | 29.85 (Per 10,000 People) |
Number of Nurses (2023)  | 7.58 (Per 10,000 People) | 120.8 (Per 10,000 People) |
Number of Pharmacists (2023)  | 0.08 (Per 10,000 People) | 6.98 (Per 10,000 People) |
Available Hospital Beds (2023)  | 0.79 (Per 1000 People) | 4.26 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 99.2 % of total Population | Yet to Update |
Burundi has 45.92 times less Doctors compared to Luxembourg (Per 10,000 People).
Burundi has 15.94 times less Nurses compared to Luxembourg (Per 10,000 People).
Indicators | Burundi | Luxembourg |
|---|---|---|
Agricultural Land (2023)  | 21,030 Sq Km | 1,328.11 Sq Km |
Forest Area (2023)  | 2,796.4 Sq Km | 887 Sq Km |
CO2 Emissions (2023)  | 0.07 kg per PPP $ of GDP | 0.1 kg per PPP $ of GDP |
Access to Electricity (2023)  | 10.3 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 5.8 % of total Population | 98.24 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.28 Billion cubic meters | 0.05 Billion cubic meters |
10.3% of the total Population of Burundi has access to the electricity in their homes, whereas, in case of Luxembourg, 100% of the total Population has access to electricity.
Indicators | Burundi | Luxembourg |
|---|---|---|
Time Required to Start a Business (2023)  | 5 Days | 16.5 Days |
New Businesses Registered (2023)  | Yet to Update | 8,506 (New Businesses) |
New Businesses Registration Density (2023)  | Yet to Update | 18.9 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 12.3 % of GNI Per Capita | 1.6 % of GNI Per Capita |
It usually takes 5 days in Burundi and 16.5 days in Luxembourg to register a new business legally and systematically.
Indicators | Burundi | Luxembourg |
|---|---|---|
Imports of Goods and Services (2023)  | 24.33 % of GDP | 181.69 % of GDP |
Total Fuel Imports (2023)  | 24.14 % of Merchandise Imports | 7.19 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 443.57 USD | Yet to Update |
Time to Import Border Compliance (2023)  | 154.3 Hours | Yet to Update |
Cost to Import Documentary Compliance (2023)  | 1,025 USD | Yet to Update |
Time to Import Documentary Compliance (2023)  | 180 Hours | 0.5 Hour |
Indicators | Burundi | Luxembourg |
|---|---|---|
Exports of Goods and Services (2023)  | 5.26 % of GDP | 212.53 % of GDP |
Total Fuel Exports (2023)  | 0.05 % of Merchandise Exports | 0.14 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 108.86 USD | Yet to Update |
Time to Export Border Compliance (2023)  | 58.67 Hours | Yet to Update |
Cost to Export Documentary Compliance (2023)  | 150 USD | Yet to Update |
Time to Export Documentary Compliance (2023)  | 120 Hours | 0.5 Hour |
Indicators | Burundi | Luxembourg |
|---|---|---|
Gross National Savings (2023)  | 5.51 % of GDP | 17 % of GDP |
Tax Revenue (2023)  | 15.64 % of GDP | 25.97 % of GDP |
Taxes on Exports (2023)  | 0.02 % of Tax Revenue | Yet to Update |
Taxes on Goods and Services (2023)  | 46.42 % of Tax Revenue | 27.06 % of Tax Revenue |
Taxes on International Trade (2023)  | 9.99 % of Revenue | 0.0005 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 232 Hours | 55 Hours |
Customs and Other Import Duties (2023)  | 12.96 % of Tax Revenue | 0.001 % of Tax Revenue |
The taxes charged by Burundi on international trade is 9.99% of the total revenue and the taxes charged by Luxembourg on international trade is 0.0005% of the total revenue.
The Taxes charged on International Trade by Burundi is 19980.00 times more of its total revenue than of Luxembourg.
We hope you enjoyed the detailed guide on the standard of living comparsion between Burundi and Luxembourg.
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