Published: Monday, 21th October 2024
The Standard of living in Cabo Verde is 1.13 times better as compared to Cambodia.
In this page, you will find side-by-side Standard of Living comparison between Cabo Verde and Cambodia. 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 Cabo Verde and Cambodia.
 Indicators  | Cabo Verde  | Cambodia  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $2.598 billion USD | $33.233 billion USD |
GDP Per Capita (2023)  | 4,502 USD | 2,037 USD |
GINI Ratio (2023)  | 0.42 | 0.36 |
Inflation on Consumer Prices (2023)  | 7.93 % annually | 2.13 % annually |
Central Government Debt (2023)  | Yet to Update | Yet to Update |
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 Cabo Verde is $2.598 billion USD and that of Cambodia is $33.233 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 Cabo Verde contributes more to the country's economy compared to a person working in Cambodia.
Indicators | Cabo Verde | Cambodia |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.661 | 0.600 |
Human Capital Index (HCI) (2024)  | Yet to Update | 0.49 |
Literacy Rate (2023)  | 91% (15 years+ above age) | 83.78% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 73.2 years | 68.9 years |
Healthy Life Expectancy Ratio (2023)  | 63.8 years | 60.6 years |
Poverty Ratio (2023)  | 35.2% of total Population | 17.7% of total Population |
Unemployment Rate (2023)  | 11.99% of total labor force | 0.24% 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 Cabo Verde is [ 0.661 ] and the HDI of Cambodia is [ 0.600 ].
The data shows that the people living in Cabo Verde has better income, life expectancy and education level compared to Cambodia.
Indicators | Cabo Verde | Cambodia |
|---|---|---|
Gross National Expenditure (2023)  | 114.42 % of GDP | 65.87 % of GDP |
Total Health Expenditure (2023)  | 6.9 % of GDP | 7.53 % of GDP |
Research and Development Expenditure (2023)  | 0.07 % of GDP | 0.12 % of GDP |
Government Expenditure on Education (2023)  | 6.04 % of GDP | 1.67 % of GDP |
International Tourism Expenditure (2023)  | 59 million USD | 213 million USD |
Number of International Tourists Arrivals (2023)  | 180,000 | 1,306,000 |
Military Expenditure (2023)  | 0.55 % of GDP | 2.1 (% of GDP) |
The total Gross National Expenditure of Cabo Verde is 114.42% of its GDP and the total Gross National Expenditure of Cambodia is 65.87% of its GDP.
From the above data, we can say that Cabo Verde spends 1.74 times more of its GDP on Gross National Expenditure compared to Cambodia.
Indicators | Cabo Verde | Cambodia |
|---|---|---|
Number of Doctors (2023)  | 7.91 (Per 10,000 People) | 2.14 (Per 10,000 People) |
Number of Nurses (2023)  | 12.36 (Per 10,000 People) | 10.25 (Per 10,000 People) |
Number of Pharmacists (2023)  | 3.01 (Per 10,000 People) | 0.35 (Per 10,000 People) |
Available Hospital Beds (2023)  | 2.1 (Per 1000 People) | 0.9 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 98.8 % of total Population | 95.3 % of total Population |
Cabo Verde has 3.70 times more Doctors compared to Cambodia (Per 10,000 People).
Cabo Verde has 1.21 times more Nurses compared to Cambodia (Per 10,000 People).
Indicators | Cabo Verde | Cambodia |
|---|---|---|
Agricultural Land (2023)  | 790 Sq Km | 60,991.4 Sq Km |
Forest Area (2023)  | 460.2 Sq Km | 79,126.8 Sq Km |
CO2 Emissions (2023)  | 0.18 kg per PPP $ of GDP | 0.25 kg per PPP $ of GDP |
Access to Electricity (2023)  | 97.1 % of total Population | 92.3 % of total Population |
Access to Internet (2023)  | 69.76 % of total Population | 60.15 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.03 Billion cubic meters | 2.18 Billion cubic meters |
97.1% of the total Population of Cabo Verde has access to the electricity in their homes, whereas, in case of Cambodia, 92.3% of the total Population has access to electricity.
Indicators | Cabo Verde | Cambodia |
|---|---|---|
Time Required to Start a Business (2023)  | 9 Days | 99 Days |
New Businesses Registered (2023)  | 7,491 (New Businesses) | 5,824 (New Businesses) |
New Businesses Registration Density (2023)  | 18.5 (Per 1000 People) | 0.55 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 13 % of GNI Per Capita | 53.4 % of GNI Per Capita |
In the year 2023, 7,491 new businesses got registered in Cabo Verde and 5,824 new businesses got registered in Cambodia.
It usually takes 9 days in Cabo Verde and 99 days in Cambodia to register a new business legally and systematically.
Indicators | Cabo Verde | Cambodia |
|---|---|---|
Imports of Goods and Services (2023)  | 54.14 % of GDP | 40.39 % of GDP |
Total Fuel Imports (2023)  | 18.52 % of Merchandise Imports | 12.14 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 587.5 USD | 240 USD |
Time to Import Border Compliance (2023)  | 60 Hours | 7.5 Hours |
Cost to Import Documentary Compliance (2023)  | 125 USD | 120 USD |
Time to Import Documentary Compliance (2023)  | 24 Hours | 132 Hours |
Indicators | Cabo Verde | Cambodia |
|---|---|---|
Exports of Goods and Services (2023)  | 39.72 % of GDP | 73.15 % of GDP |
Total Fuel Exports (2023)  | Yet to Update | 0.000003 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 641 USD | 375 USD |
Time to Export Border Compliance (2023)  | 72 Hours | 48 Hours |
Cost to Export Documentary Compliance (2023)  | 125 USD | 100 USD |
Time to Export Documentary Compliance (2023)  | 24 Hours | 132 Hours |
Indicators | Cabo Verde | Cambodia |
|---|---|---|
Gross National Savings (2023)  | 20.83 % of GDP | 57.1 % of GDP |
Tax Revenue (2023)  | 18.39 % of GDP | 16.36 % of GDP |
Taxes on Exports (2023)  | Yet to Update | 0.24 % of Tax Revenue |
Taxes on Goods and Services (2023)  | 36.17 % of Tax Revenue | 46.01 % of Tax Revenue |
Taxes on International Trade (2023)  | 15.03 % of Revenue | 9.79 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 180 Hours | 173 Hours |
Customs and Other Import Duties (2023)  | 20.34 % of Tax Revenue | 11.54 % of Tax Revenue |
The taxes charged by Cabo Verde on international trade is 15.03% of the total revenue and the taxes charged by Cambodia on international trade is 9.79% of the total revenue.
The Taxes charged on International Trade by Cabo Verde is 1.54 times more of its total revenue than of Cambodia.
We hope you enjoyed the detailed guide on the standard of living comparsion between Cabo Verde and Cambodia.
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