Published: Monday, 21th October 2024
The Standard of living in Greece is 1.06 times better as compared to Brunei Darussalam.
In this page, you will find side-by-side Standard of Living comparison between Greece and Brunei Darussalam. 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 Greece and Brunei Darussalam.
 Indicators  | Greece  | Brunei Darussalam  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $430.125 billion USD | $15.153 billion USD |
GDP Per Capita (2023)  | 41,188 USD | 34,383 USD |
GINI Ratio (2023)  | 0.32 | Yet to Update |
Inflation on Consumer Prices (2023)  | 3.46 % annually | 0.36 % annually |
Central Government Debt (2023)  | 203.3 % of GDP | 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 Greece is $430.125 billion USD and that of Brunei Darussalam is $15.153 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 Greece contributes more to the country's economy compared to a person working in Brunei Darussalam.
Indicators | Greece | Brunei Darussalam |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.893 | 0.823 |
Human Capital Index (HCI) (2024)  | 0.69 | 0.63 |
Literacy Rate (2023)  | 93.91% (15 years+ above age) | 97.59% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 79.6 years | 76.9 years |
Healthy Life Expectancy Ratio (2023)  | 68.6 years | 67.1 years |
Poverty Ratio (2023)  | 18.8% of total Population | Yet to Update |
Unemployment Rate (2023)  | 11% of total labor force | 5.27% 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 Greece is [ 0.893 ] and the HDI of Brunei Darussalam is [ 0.823 ].
The data shows that the people living in Greece has better income, life expectancy and education level compared to Brunei Darussalam.
Indicators | Greece | Brunei Darussalam |
|---|---|---|
Gross National Expenditure (2023)  | 104.93 % of GDP | 79.94 % of GDP |
Total Health Expenditure (2023)  | 9.17 % of GDP | 2.2 % of GDP |
Research and Development Expenditure (2023)  | 1.46 % of GDP | 0.28 % of GDP |
Government Expenditure on Education (2023)  | 4.09 % of GDP | 4.43 % of GDP |
International Tourism Expenditure (2023)  | 1,500 million USD | 585 million USD |
Number of International Tourists Arrivals (2023)  | 7,406,000 | 1,071,000 |
Military Expenditure (2023)  | 3.69 % of GDP | 2.37 (% of GDP) |
The total Gross National Expenditure of Greece is 104.93% of its GDP and the total Gross National Expenditure of Brunei Darussalam is 79.94% of its GDP.
From the above data, we can say that Greece spends 1.31 times more of its GDP on Gross National Expenditure compared to Brunei Darussalam.
Indicators | Greece | Brunei Darussalam |
|---|---|---|
Number of Doctors (2023)  | 63.7 (Per 10,000 People) | 19.1 (Per 10,000 People) |
Number of Nurses (2023)  | 40.9 (Per 10,000 People) | 67.1 (Per 10,000 People) |
Number of Pharmacists (2023)  | 10.93 (Per 10,000 People) | 2.13 (Per 10,000 People) |
Available Hospital Beds (2023)  | 4.2 (Per 1000 People) | 2.85 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | Yet to Update | 99 % of total Population |
Greece has 3.34 times more Doctors compared to Brunei Darussalam (Per 10,000 People).
Greece has 1.64 times less Nurses compared to Brunei Darussalam (Per 10,000 People).
Indicators | Greece | Brunei Darussalam |
|---|---|---|
Agricultural Land (2023)  | 58,671.88 Sq Km | 134 Sq Km |
Forest Area (2023)  | 39,018 Sq Km | 3,800 Sq Km |
CO2 Emissions (2023)  | 0.16 kg per PPP $ of GDP | 0.31 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 83.17 % of total Population | 98.08 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 10.12 Billion cubic meters | 0.09 Billion cubic meters |
100% of the total Population of Greece has access to the electricity in their homes, whereas, in case of Brunei Darussalam, 100% of the total Population has access to electricity.
Indicators | Greece | Brunei Darussalam |
|---|---|---|
Time Required to Start a Business (2023)  | 4 Days | 5.5 Days |
New Businesses Registered (2023)  | 14,032 (New Businesses) | 316 (New Businesses) |
New Businesses Registration Density (2023)  | 2.1 (Per 1000 People) | 1 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 1.5 % of GNI Per Capita | 1.1 % of GNI Per Capita |
In the year 2023, 14,032 new businesses got registered in Greece and 316 new businesses got registered in Brunei Darussalam.
It usually takes 4 days in Greece and 5.5 days in Brunei Darussalam to register a new business legally and systematically.
Indicators | Greece | Brunei Darussalam |
|---|---|---|
Imports of Goods and Services (2023)  | 49.8 % of GDP | 60.03 % of GDP |
Total Fuel Imports (2023)  | 27.79 % of Merchandise Imports | 63.76 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | Yet to Update | 395 USD |
Time to Import Border Compliance (2023)  | 0.5 Hour | 48 Hours |
Cost to Import Documentary Compliance (2023)  | Yet to Update | 50 USD |
Time to Import Documentary Compliance (2023)  | 0.5 Hour | 132 Hours |
Indicators | Greece | Brunei Darussalam |
|---|---|---|
Exports of Goods and Services (2023)  | 44.87 % of GDP | 76.53 % of GDP |
Total Fuel Exports (2023)  | 32.36 % of Merchandise Exports | 77.42 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 300 USD | 340 USD |
Time to Export Border Compliance (2023)  | 24 Hours | 117 Hours |
Cost to Export Documentary Compliance (2023)  | 30 USD | 90 USD |
Time to Export Documentary Compliance (2023)  | 1 Hour | 155 Hours |
Indicators | Greece | Brunei Darussalam |
|---|---|---|
Gross National Savings (2023)  | 11.75 % of GDP | 50.38 % of GDP |
Tax Revenue (2023)  | 27.81 % of GDP | Yet to Update |
Taxes on Exports (2023)  | 0.003 % of Tax Revenue | Yet to Update |
Taxes on Goods and Services (2023)  | 36.69 % of Tax Revenue | Yet to Update |
Taxes on International Trade (2023)  | 0.003 % of Revenue | Yet to Update |
Time to Prepare and Pay Taxes (2023)  | 193 Hours | 52.5 Hours |
Customs and Other Import Duties (2023)  | 0.01 % of Tax Revenue | Yet to Update |
We hope you enjoyed the detailed guide on the standard of living comparsion between Greece and Brunei Darussalam.
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