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Cyprus vs Somalia (Standard of Living)

Published: Monday, 21th October 2024

Recently Updated: Sunday, 12th January 2025

The Standard of living in Cyprus is 3.92 times better as compared to Somalia.

In this page, you will find side-by-side Standard of Living comparison between Cyprus and Somalia. 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 Cyprus and Somalia.

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Economic Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of cyprus
Cyprus
Image illustrating the flag of cyprus
Pictorial representation of map of somalia
Somalia
Image illustrating the flag of somalia
Gross Domestic Product (GDP)(2023)
Image representing the total Gross Domestic Product of any specific country
$34.221 billion USD$12.8 billion USD
GDP Per Capita
(2023)
Image representing the total Gross Domestic Product Per Capita of any specific country
37,149 USD775 USD
GINI Ratio
(2023)
Image representing the total GINI Ratio or GINI Coefficient of any specific country
0.290.41
Inflation on Consumer Prices
(2023)
Image representing the Percentage of Inflation on consumer prices of any specific country
3.54 % annuallyYet to Update
Central Government Debt
(2023)
Image representing the Central Government Debt of any specific country
91.7 % of GDPYet to Update
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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 Cyprus is $34.221 billion USD and that of Somalia is $12.8 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 Cyprus contributes more to the country's economy compared to a person working in Somalia.

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Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of cyprus
Cyprus
Image illustrating the flag of cyprus
Pictorial representation of map of somalia
Somalia
Image illustrating the flag of somalia
Human Development Index (HDI) (2024)
Image representing the Human Development Index of any specific country
0.9070.380
Human Capital Index (HCI) (2024)
Image representing the Human Capital Index of any specific country
0.76Yet to Update
Literacy Rate
(2023)
Image representing the Literacy Rate of any specific country
99.36% (15 years+ above age)41.03% (15 years+ above age)
Life Expectancy Ratio
(2023)
Image representation of Life Expectancy Ratio any given country
81.9 years54 years
Healthy Life Expectancy Ratio
(2023)
Image representation of Healthy Life Expectancy Ratio any given country
70.7 years47.4 years
Poverty Ratio
(2023)
Image representing the Poverty Rate of any specific country
13.9% of total Population54.4% of total Population
Unemployment Rate
(2023)
Image representing the Unemployment Rate of any specific country
5.96% of total labor force19.03% 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 Cyprus is [ 0.907 ] and the HDI of Somalia is [ 0.380 ].

The data shows that the people living in Cyprus has better income, life expectancy and education level compared to Somalia.

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Government National Expenditure Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of cyprus
Cyprus
Image illustrating the flag of cyprus
Pictorial representation of map of somalia
Somalia
Image illustrating the flag of somalia
Gross National Expenditure
(2023)
Image representing the total Gross National Expenditure of any specific country
100.92 % of GDP113.78 % of GDP
Total Health Expenditure
(2023)
Image representation of total Health Expenditure of any given country
9.43 % of GDPYet to Update
Research and Development Expenditure (2023)
Image representing the Government Expenditure of any specific country
0.83 % of GDPYet to Update
Government Expenditure on Education (2023)
Image representing the Government Expenditure of any specific country
5.48 % of GDP0.27 % of GDP
International Tourism Expenditure (2023)
Image representing the International Tourism Expenditure of any specific country
880 million USDYet to Update
Number of International Tourists Arrivals (2023)
Image representing the Number of International Tourists Arrival in any specific country
4,117,000Yet to Update
Military Expenditure
(2023)
Image representing the Military Expenditure of any specific country
1.81 % of GDP1.53 (% of GDP)

The total Gross National Expenditure of Cyprus is 100.92% of its GDP and the total Gross National Expenditure of Somalia is 113.78% of its GDP.

From the above data, we can say that Cyprus spends 1.13 times less of its GDP on Gross National Expenditure compared to Somalia.

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Health System Facilities Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of cyprus
Cyprus
Image illustrating the flag of cyprus
Pictorial representation of map of somalia
Somalia
Image illustrating the flag of somalia
Number of Doctors
(2023)
Visual representation of number of Doctors in any specific country
35.5
(Per 10,000 People)
0.23
(Per 10,000 People)
Number of Nurses
(2023)
Visual representation of number of Nurses in any specific country
46.3
(Per 10,000 People)
1.13
(Per 10,000 People)
Number of Pharmacists
(2023)
Visual representation of number of Pharmacists in any specific country
13.3
(Per 10,000 People)
Yet to Update
Available Hospital Beds
(2023)
Visual representation of Available Hospital Beds in any specific country
3.4
(Per 1000 People)
0.87
(Per 1000 People)
Pregnant Women Receiving Prenatal Care (2023)
Visual representation of Pregnant Women Receiving Prenatal Care in any specific country
99.2 % of total Population31.1 % of total Population

Cyprus has 154.35 times more Doctors compared to Somalia (Per 10,000 People).

Cyprus has 40.97 times more Nurses compared to Somalia (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 cyprus
Cyprus
Image illustrating the flag of cyprus
Pictorial representation of map of somalia
Somalia
Image illustrating the flag of somalia
Agricultural Land
(2023)
Image Depicting the total Agricultural Land available in any specific country
1,231.35 Sq Km441,290 Sq Km
Forest Area
(2023)
Image Depicting the total Forest Area available in any specific country
1,725.1 Sq Km59,032.5 Sq Km
CO2 Emissions
(2023)
Image Depicting the total CO2 Emissions from any specific country
0.18 kg per PPP $ of GDP0.03 kg per PPP $ of GDP
Access to Electricity
(2023)
Image Depicting the access of electricity in any specific country
100 % of total Population48.9 % of total Population
Access to Internet
(2023)
Image Depicting the access of internet in any specific country
89.6 % of total Population2 % of total Population
Annual Fresh Water Withdrawals (2023)
Image Depicting the annual freshwater withdrawals from any specific country
0.28 Billion cubic meters3.3 Billion cubic meters

100% of the total Population of Cyprus has access to the electricity in their homes, whereas, in case of Somalia, 48.9% 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 cyprus
Cyprus
Image illustrating the flag of cyprus
Pictorial representation of map of somalia
Somalia
Image illustrating the flag of somalia
Time Required to Start a Business (2023)
Image representing Time Required to Start a Business
6 Days70 Days
New Businesses Registered (2023)
Image representing New Businesses Registered
11,053 (New Businesses)2,700 (New Businesses)
New Businesses Registration Density (2023)
Image representing New Businesses Registration Density
12.79 (Per 1000 People)0.31 (Per 1000 People)
Cost of Business Start-Up Procedures (2023)
Image representing Cost of Business Start-Up Procedures
5.6 % of GNI Per Capita198.2 % of GNI Per Capita

In the year 2023, 11,053 new businesses got registered in Cyprus and 2,700 new businesses got registered in Somalia.

It usually takes 6 days in Cyprus and 70 days in Somalia 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 cyprus
Cyprus
Image illustrating the flag of cyprus
Pictorial representation of map of somalia
Somalia
Image illustrating the flag of somalia
Imports of Goods and Services (2023)
Image representing Imports of Goods and Services
90.27 % of GDP76.69 % of GDP
Total Fuel Imports
(2023)
Image representing Total Fuel Imports
22.43 % of Merchandise Imports12.44 % of Merchandise Imports
Cost to Import Border Compliance (2023)
Image representing Cost to Import Border Compliance
335 USD 952 USD
Time to Import Border Compliance (2023)
Image representing Time to Import Border Compliance
14.67 Hours85 Hours
Cost to Import Documentary Compliance (2023)
Image representing Cost to Import documentary Compliance
50 USD 300 USD
Time to Import Documentary Compliance (2023)
Image representing Time to Import Documentary Compliance
2 Hours76 Hours
Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of cyprus
Cyprus
Image illustrating the flag of cyprus
Pictorial representation of map of somalia
Somalia
Image illustrating the flag of somalia
Exports of Goods and Services (2023)
Image representing Exports of Goods and Services
89.35 % of GDP17.89 % of GDP
Total Fuel Exports
(2023)
Image representing Total Fuel Exports
49 % of Merchandise Exports1.12 % of Merchandise Exports
Cost to Export Border Compliance (2023)
Image representing Cost to Export Border Compliance
300 USD495 USD
Time to Export Border Compliance (2023)
Image representing Time to Export Border Compliance
18 Hours44 Hours
Cost to Export Documentary Compliance (2023)
Image representing Cost to Export documentary Compliance
50 USD350 USD
Time to Export Documentary Compliance (2023)
Image representing Time to Export Documentary Compliance
2 Hours72.5 Hours
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Tax Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of cyprus
Cyprus
Image illustrating the flag of cyprus
Pictorial representation of map of somalia
Somalia
Image illustrating the flag of somalia
Gross National Savings
(2023)
Image representing the total Gross National Savings of any specific country
9.74 % of GDPYet to Update
Tax Revenue
(2023)
Image representing the total tax revenue collection of any specific country
24.71 % of GDP0.0001 % of GDP
Taxes on Exports
(2023)
Image representing Taxes on Exports
0.1 % of Tax Revenue0.37 % of Tax Revenue
Taxes on Goods and Services
(2023)
Image representing Taxes on Goods and Services
32.22 % of Tax Revenue6.38 % of Tax Revenue
Taxes on International Trade
(2023)
Image representing Taxes on International Trade
0.02 % of Revenue17.98 % of Revenue
Time to Prepare and Pay Taxes (2023)
Image representing Time to Prepare and Pay Taxes
119.5 HoursYet to Update
Customs and Other Import Duties (2023)
Image representing Customs and Other Import Duties
0.03 % of Tax Revenue65.24 % of Tax Revenue

The taxes charged by Cyprus on international trade is 0.02% of the total revenue and the taxes charged by Somalia on international trade is 17.98% of the total revenue.

The Taxes charged on International Trade by Cyprus is 899.00 times less of its total revenue than of Somalia.

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We hope you enjoyed the detailed guide on the standard of living comparsion between Cyprus and Somalia.

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 Cyprus
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Pictorial representation of the map of Cameroon
Pictorial representation of the map of Cyprus
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Pictorial representation of the map of Ireland
Pictorial representation of the map of Cyprus
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Pictorial representation of the map of Ghana
Pictorial representation of the map of Cyprus
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Colombia
Pictorial representation of the map of Colombia
Pictorial representation of the map of Cyprus
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Somalia
Pictorial representation of the map of Somalia
Pictorial representation of the map of Cyprus
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Pictorial representation of the map of Kiribati
Pictorial representation of the map of Cyprus
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Singapore
Pictorial representation of the map of Singapore
Pictorial representation of the map of Cyprus
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Denmark
Pictorial representation of the map of Denmark
Pictorial representation of the map of Cyprus
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Pictorial representation of the map of Lesotho
Pictorial representation of the map of Cyprus
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Pictorial representation of the map of Algeria
Pictorial representation of the map of Cyprus
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Pictorial representation of the map of Russia
Pictorial representation of the map of Cyprus
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Estonia
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