Published: Monday, 21th October 2024
The Standard of living in Liberia is 1.64 times lesser as compared to Cambodia.
In this page, you will find side-by-side Standard of Living comparison between Liberia 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 Liberia and Cambodia.
 Indicators  | Liberia  | Cambodia  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $4.347 billion USD | $33.233 billion USD |
GDP Per Capita (2023)  | 800 USD | 2,037 USD |
GINI Ratio (2023)  | 0.35 | 0.36 |
Inflation on Consumer Prices (2023)  | 23.56 % annually | 2.13 % annually |
Central Government Debt (2023)  | 20.3 % 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 Liberia is $4.347 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 Liberia contributes less to the country's economy compared to a person working in Cambodia.
Indicators | Liberia | Cambodia |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.487 | 0.600 |
Human Capital Index (HCI) (2024)  | 0.32 | 0.49 |
Literacy Rate (2023)  | 48.3% (15 years+ above age) | 83.78% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 63.5 years | 68.9 years |
Healthy Life Expectancy Ratio (2023)  | 54 years | 60.6 years |
Poverty Ratio (2023)  | 50.9% of total Population | 17.7% of total Population |
Unemployment Rate (2023)  | 2.94% 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 Liberia is [ 0.487 ] and the HDI of Cambodia is [ 0.600 ].
The data shows that the people living in Liberia has lower income, life expectancy and education level compared to Cambodia.
Indicators | Liberia | Cambodia |
|---|---|---|
Gross National Expenditure (2023)  | Yet to Update | 65.87 % of GDP |
Total Health Expenditure (2023)  | 16.62 % of GDP | 7.53 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | 0.12 % of GDP |
Government Expenditure on Education (2023)  | 2.42 % of GDP | 1.67 % of GDP |
International Tourism Expenditure (2023)  | 51 million USD | 213 million USD |
Number of International Tourists Arrivals (2023)  | Yet to Update | 1,306,000 |
Military Expenditure (2023)  | 1.27 % of GDP | 2.1 (% of GDP) |
Indicators | Liberia | Cambodia |
|---|---|---|
Number of Doctors (2023)  | 1.71 (Per 10,000 People) | 2.14 (Per 10,000 People) |
Number of Nurses (2023)  | 4.92 (Per 10,000 People) | 10.25 (Per 10,000 People) |
Number of Pharmacists (2023)  | 0.24 (Per 10,000 People) | 0.35 (Per 10,000 People) |
Available Hospital Beds (2023)  | 0.8 (Per 1000 People) | 0.9 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 97.8 % of total Population | 95.3 % of total Population |
Liberia has 1.25 times less Doctors compared to Cambodia (Per 10,000 People).
Liberia has 2.08 times less Nurses compared to Cambodia (Per 10,000 People).
Indicators | Liberia | Cambodia |
|---|---|---|
Agricultural Land (2023)  | 19,230.4 Sq Km | 60,991.4 Sq Km |
Forest Area (2023)  | 75,871.8 Sq Km | 79,126.8 Sq Km |
CO2 Emissions (2023)  | 0.14 kg per PPP $ of GDP | 0.25 kg per PPP $ of GDP |
Access to Electricity (2023)  | 31.8 % of total Population | 92.3 % of total Population |
Access to Internet (2023)  | 33.63 % of total Population | 60.15 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.15 Billion cubic meters | 2.18 Billion cubic meters |
31.8% of the total Population of Liberia has access to the electricity in their homes, whereas, in case of Cambodia, 92.3% of the total Population has access to electricity.
Indicators | Liberia | Cambodia |
|---|---|---|
Time Required to Start a Business (2023)  | 18 Days | 99 Days |
New Businesses Registered (2023)  | 73 (New Businesses) | 5,824 (New Businesses) |
New Businesses Registration Density (2023)  | 0.02 (Per 1000 People) | 0.55 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 6.3 % of GNI Per Capita | 53.4 % of GNI Per Capita |
In the year 2023, 73 new businesses got registered in Liberia and 5,824 new businesses got registered in Cambodia.
It usually takes 18 days in Liberia and 99 days in Cambodia to register a new business legally and systematically.
Indicators | Liberia | Cambodia |
|---|---|---|
Imports of Goods and Services (2023)  | Yet to Update | 40.39 % of GDP |
Total Fuel Imports (2023)  | 19.75 % of Merchandise Imports | 12.14 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 1,012.5 USD | 240 USD |
Time to Import Border Compliance (2023)  | 217 Hours | 7.5 Hours |
Cost to Import Documentary Compliance (2023)  | 405 USD | 120 USD |
Time to Import Documentary Compliance (2023)  | 144 Hours | 132 Hours |
Indicators | Liberia | Cambodia |
|---|---|---|
Exports of Goods and Services (2023)  | Yet to Update | 73.15 % of GDP |
Total Fuel Exports (2023)  | 0.004 % of Merchandise Exports | 0.000003 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 1,112.5 USD | 375 USD |
Time to Export Border Compliance (2023)  | 193 Hours | 48 Hours |
Cost to Export Documentary Compliance (2023)  | 330 USD | 100 USD |
Time to Export Documentary Compliance (2023)  | 144 Hours | 132 Hours |
Indicators | Liberia | Cambodia |
|---|---|---|
Gross National Savings (2023)  | Yet to Update | 57.1 % of GDP |
Tax Revenue (2023)  | 12.46 % of GDP | 16.36 % of GDP |
Taxes on Exports (2023)  | 0.12 % of Tax Revenue | 0.24 % of Tax Revenue |
Taxes on Goods and Services (2023)  | Yet to Update | 46.01 % of Tax Revenue |
Taxes on International Trade (2023)  | Yet to Update | 9.79 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 139.5 Hours | 173 Hours |
Customs and Other Import Duties (2023)  | 39.08 % of Tax Revenue | 11.54 % of Tax Revenue |
We hope you enjoyed the detailed guide on the standard of living comparsion between Liberia and Cambodia.
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