Published: Monday, 21th October 2024
The Standard of living in Cuba is 1.17 times better as compared to Lebanon.
In this page, you will find side-by-side Standard of Living comparison between Cuba and Lebanon. 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 Cuba and Lebanon.
Indicators | Cuba | Lebanon |
---|---|---|
Gross Domestic Product (GDP)(2023) | $147.194 billion USD | $21.780 billion USD |
GDP Per Capita (2023) | 13,128 USD | 3,283 USD |
GINI Ratio (2023) | 0.38 | 0.32 |
Inflation on Consumer Prices (2023) | Yet to Update | 221.34 % annually |
Central Government Debt (2023) | Yet to Update | 128.6 % 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 Cuba is $147.194 billion USD and that of Lebanon is $21.780 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 Cuba contributes more to the country's economy compared to a person working in Lebanon.
Indicators | Cuba | Lebanon |
---|---|---|
Human Development Index (HDI) (2024) | 0.764 | 0.723 |
Human Capital Index (HCI) (2024) | Yet to Update | 0.52 |
Literacy Rate (2023) | 99.67% (15 years+ above age) | 87.27% (15 years+ above age) |
Life Expectancy Ratio (2023) | 73.7 years | 74.3 years |
Healthy Life Expectancy Ratio (2023) | 64.6 years | 63.2 years |
Poverty Ratio (2023) | Yet to Update | 27.4% of total Population |
Unemployment Rate (2023) | 1.16% of total labor force | 11.56% 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 Cuba is [ 0.764 ] and the HDI of Lebanon is [ 0.723 ].
The data shows that the people living in Cuba has better income, life expectancy and education level compared to Lebanon.
Indicators | Cuba | Lebanon |
---|---|---|
Gross National Expenditure (2023) | 108.78 % of GDP | 136.37 % of GDP |
Total Health Expenditure (2023) | 13.79 % of GDP | 10.06 % of GDP |
Research and Development Expenditure (2023) | 0.32 % of GDP | Yet to Update |
Government Expenditure on Education (2023) | 9.39 % of GDP | 1.67 % of GDP |
International Tourism Expenditure (2023) | Yet to Update | 1,699 million USD |
Number of International Tourists Arrivals (2023) | 1,086,000 | 1,936,000 |
Military Expenditure (2023) | 2.88 % of GDP | 3.37 (% of GDP) |
The total Gross National Expenditure of Cuba is 108.78% of its GDP and the total Gross National Expenditure of Lebanon is 136.37% of its GDP.
From the above data, we can say that Cuba spends 1.25 times less of its GDP on Gross National Expenditure compared to Lebanon.
Indicators | Cuba | Lebanon |
---|---|---|
Number of Doctors (2023) | 94.3 (Per 10,000 People) | 26.17 (Per 10,000 People) |
Number of Nurses (2023) | 75.7 (Per 10,000 People) | 19.3 (Per 10,000 People) |
Number of Pharmacists (2023) | Yet to Update | 14.9 (Per 10,000 People) |
Available Hospital Beds (2023) | 5.33 (Per 1000 People) | 2.73 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023) | 99.1 % of total Population | 95.6 % of total Population |
Cuba has 3.60 times more Doctors compared to Lebanon (Per 10,000 People).
Cuba has 3.92 times more Nurses compared to Lebanon (Per 10,000 People).
Indicators | Cuba | Lebanon |
---|---|---|
Agricultural Land (2023) | 64,010 Sq Km | 6,793 Sq Km |
Forest Area (2023) | 32,420 Sq Km | 1,439.3 Sq Km |
CO2 Emissions (2023) | Yet to Update | 0.23 kg per PPP $ of GDP |
Access to Electricity (2023) | 100 % of total Population | 100 % of total Population |
Access to Internet (2023) | 71.12 % of total Population | 86.59 % of total Population |
Annual Fresh Water Withdrawals (2023) | 6.96 Billion cubic meters | 1.81 Billion cubic meters |
100% of the total Population of Cuba has access to the electricity in their homes, whereas, in case of Lebanon, 100% of the total Population has access to electricity.
Indicators | Cuba | Lebanon |
---|---|---|
Time Required to Start a Business (2023) | Yet to Update | 15 Days |
New Businesses Registered (2023) | Yet to Update | Yet to Update |
New Businesses Registration Density (2023) | Yet to Update | Yet to Update |
Cost of Business Start-Up Procedures (2023) | Yet to Update | 42.3 % of GNI Per Capita |
Indicators | Cuba | Lebanon |
---|---|---|
Imports of Goods and Services (2023) | 48.79 % of GDP | 82.45 % of GDP |
Total Fuel Imports (2023) | 28.82 % of Merchandise Imports | 29.66 % of Merchandise Imports |
Cost to Import Border Compliance (2023) | Yet to Update | 790 USD |
Time to Import Border Compliance (2023) | Yet to Update | 180 Hours |
Cost to Import Documentary Compliance (2023) | Yet to Update | 135 USD |
Time to Import Documentary Compliance (2023) | Yet to Update | 72 Hours |
Indicators | Cuba | Lebanon |
---|---|---|
Exports of Goods and Services (2023) | 40.01 % of GDP | 46.08 % of GDP |
Total Fuel Exports (2023) | 3.22 % of Merchandise Exports | 0.43 % of Merchandise Exports |
Cost to Export Border Compliance (2023) | Yet to Update | 480 USD |
Time to Export Border Compliance (2023) | Yet to Update | 96 Hours |
Cost to Export Documentary Compliance (2023) | Yet to Update | 100 USD |
Time to Export Documentary Compliance (2023) | Yet to Update | 48 Hours |
Indicators | Cuba | Lebanon |
---|---|---|
Gross National Savings (2023) | Yet to Update | Yet to Update |
Tax Revenue (2023) | Yet to Update | 5.68 % of GDP |
Taxes on Exports (2023) | Yet to Update | Yet to Update |
Taxes on Goods and Services (2023) | Yet to Update | 34.9 % of Tax Revenue |
Taxes on International Trade (2023) | Yet to Update | 2.52 % of Revenue |
Time to Prepare and Pay Taxes (2023) | Yet to Update | 181 Hours |
Customs and Other Import Duties (2023) | Yet to Update | 3.13 % of Tax Revenue |
We hope you enjoyed the detailed guide on the standard of living comparsion between Cuba and Lebanon.
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