Published: Monday, 21th October 2024
The Standard of living in Liberia is 1.43 times lesser as compared to Kenya.
In this page, you will find side-by-side Standard of Living comparison between Liberia and Kenya. 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 Kenya.
 Indicators  | Liberia  | Kenya  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $4.347 billion USD | $112.749 billion USD |
GDP Per Capita (2023)  | 800 USD | 2,187 USD |
GINI Ratio (2023)  | 0.35 | 0.39 |
Inflation on Consumer Prices (2023)  | 23.56 % annually | 7.67 % 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 Kenya is $112.749 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 Kenya.
Indicators | Liberia | Kenya |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.487 | 0.601 |
Human Capital Index (HCI) (2024)  | 0.32 | 0.55 |
Literacy Rate (2023)  | 48.3% (15 years+ above age) | 82.88% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 63.5 years | 66.8 years |
Healthy Life Expectancy Ratio (2023)  | 54 years | 58.2 years |
Poverty Ratio (2023)  | 50.9% of total Population | 36.1% of total Population |
Unemployment Rate (2023)  | 2.94% of total labor force | 5.68% 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 Kenya is [ 0.601 ].
The data shows that the people living in Liberia has lower income, life expectancy and education level compared to Kenya.
Indicators | Liberia | Kenya |
|---|---|---|
Gross National Expenditure (2023)  | Yet to Update | 107.42 % of GDP |
Total Health Expenditure (2023)  | 16.62 % of GDP | 4.55 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | 0.41 % of GDP |
Government Expenditure on Education (2023)  | 2.42 % of GDP | 4.63 % of GDP |
International Tourism Expenditure (2023)  | 51 million USD | 183 million USD |
Number of International Tourists Arrivals (2023)  | Yet to Update | 2,049,000 |
Military Expenditure (2023)  | 1.27 % of GDP | 1 (% of GDP) |
Indicators | Liberia | Kenya |
|---|---|---|
Number of Doctors (2023)  | 1.71 (Per 10,000 People) | 0.98 (Per 10,000 People) |
Number of Nurses (2023)  | 4.92 (Per 10,000 People) | 6.5 (Per 10,000 People) |
Number of Pharmacists (2023)  | 0.24 (Per 10,000 People) | 0.21 (Per 10,000 People) |
Available Hospital Beds (2023)  | 0.8 (Per 1000 People) | 1.4 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 97.8 % of total Population | 92.8 % of total Population |
Liberia has 1.74 times more Doctors compared to Kenya (Per 10,000 People).
Liberia has 1.32 times less Nurses compared to Kenya (Per 10,000 People).
Indicators | Liberia | Kenya |
|---|---|---|
Agricultural Land (2023)  | 19,230.4 Sq Km | 277,100 Sq Km |
Forest Area (2023)  | 75,871.8 Sq Km | 36,110.9 Sq Km |
CO2 Emissions (2023)  | 0.14 kg per PPP $ of GDP | 0.08 kg per PPP $ of GDP |
Access to Electricity (2023)  | 31.8 % of total Population | 76 % of total Population |
Access to Internet (2023)  | 33.63 % of total Population | 28.76 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.15 Billion cubic meters | 4.03 Billion cubic meters |
31.8% of the total Population of Liberia has access to the electricity in their homes, whereas, in case of Kenya, 76% of the total Population has access to electricity.
Indicators | Liberia | Kenya |
|---|---|---|
Time Required to Start a Business (2023)  | 18 Days | 23 Days |
New Businesses Registered (2023)  | 73 (New Businesses) | 49,037 (New Businesses) |
New Businesses Registration Density (2023)  | 0.02 (Per 1000 People) | 1.62 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 6.3 % of GNI Per Capita | 22.4 % of GNI Per Capita |
In the year 2023, 73 new businesses got registered in Liberia and 49,037 new businesses got registered in Kenya.
It usually takes 18 days in Liberia and 23 days in Kenya to register a new business legally and systematically.
Indicators | Liberia | Kenya |
|---|---|---|
Imports of Goods and Services (2023)  | Yet to Update | 20.58 % of GDP |
Total Fuel Imports (2023)  | 19.75 % of Merchandise Imports | 26 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 1,012.5 USD | 832.5 USD |
Time to Import Border Compliance (2023)  | 217 Hours | 194 Hours |
Cost to Import Documentary Compliance (2023)  | 405 USD | 115 USD |
Time to Import Documentary Compliance (2023)  | 144 Hours | 60 Hours |
Indicators | Liberia | Kenya |
|---|---|---|
Exports of Goods and Services (2023)  | Yet to Update | 11.84 % of GDP |
Total Fuel Exports (2023)  | 0.004 % of Merchandise Exports | 1.86 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 1,112.5 USD | 142.5 USD |
Time to Export Border Compliance (2023)  | 193 Hours | 15.5 Hours |
Cost to Export Documentary Compliance (2023)  | 330 USD | 190.5 USD |
Time to Export Documentary Compliance (2023)  | 144 Hours | 19 Hours |
Indicators | Liberia | Kenya |
|---|---|---|
Gross National Savings (2023)  | Yet to Update | 15.57 % of GDP |
Tax Revenue (2023)  | 12.46 % of GDP | 13.26 % of GDP |
Taxes on Exports (2023)  | 0.12 % of Tax Revenue | Yet to Update |
Taxes on Goods and Services (2023)  | Yet to Update | 32.06 % of Tax Revenue |
Taxes on International Trade (2023)  | Yet to Update | 7.83 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 139.5 Hours | 179.5 Hours |
Customs and Other Import Duties (2023)  | 39.08 % of Tax Revenue | 6.79 % of Tax Revenue |
We hope you enjoyed the detailed guide on the standard of living comparsion between Liberia and Kenya.
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