Published: Monday, 21th October 2024
The Standard of living in Liberia is 4.11 times lesser as compared to Netherlands.
In this page, you will find side-by-side Standard of Living comparison between Liberia and Netherlands. 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 Netherlands.
 Indicators  | Liberia  | Netherlands  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $4.347 billion USD | $1.143 trillion USD |
GDP Per Capita (2023)  | 800 USD | 63,750 USD |
GINI Ratio (2023)  | 0.35 | 0.26 |
Inflation on Consumer Prices (2023)  | 23.56 % annually | 3.84 % annually |
Central Government Debt (2023)  | 20.3 % of GDP | 54.3 % 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 Liberia is $4.347 billion USD and that of Netherlands is $1.143 trillion 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 Netherlands.
Indicators | Liberia | Netherlands |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.487 | 0.946 |
Human Capital Index (HCI) (2024)  | 0.32 | 0.79 |
Literacy Rate (2023)  | 48.3% (15 years+ above age) | 99% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 63.5 years | 81.1 years |
Healthy Life Expectancy Ratio (2023)  | 54 years | 70 years |
Poverty Ratio (2023)  | 50.9% of total Population | 14.5% of total Population |
Unemployment Rate (2023)  | 2.94% of total labor force | 3.56% 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 Liberia is [ 0.487 ] and the HDI of Netherlands is [ 0.946 ].
The data shows that the people living in Liberia has lower income, life expectancy and education level compared to Netherlands.
Indicators | Liberia | Netherlands |
|---|---|---|
Gross National Expenditure (2023)  | Yet to Update | 88.89 % of GDP |
Total Health Expenditure (2023)  | 16.62 % of GDP | 11.29 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | 2.31 % of GDP |
Government Expenditure on Education (2023)  | 2.42 % of GDP | 5.05 % of GDP |
International Tourism Expenditure (2023)  | 51 million USD | 7,435.70 million USD |
Number of International Tourists Arrivals (2023)  | Yet to Update | 7,265,000 |
Military Expenditure (2023)  | 1.27 % of GDP | 1.58 (% of GDP) |
Indicators | Liberia | Netherlands |
|---|---|---|
Number of Doctors (2023)  | 1.71 (Per 10,000 People) | 39.1 (Per 10,000 People) |
Number of Nurses (2023)  | 4.92 (Per 10,000 People) | 116.6 (Per 10,000 People) |
Number of Pharmacists (2023)  | 0.24 (Per 10,000 People) | 2.18 (Per 10,000 People) |
Available Hospital Beds (2023)  | 0.8 (Per 1000 People) | 3.17 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 97.8 % of total Population | Yet to Update |
Liberia has 22.87 times less Doctors compared to Netherlands (Per 10,000 People).
Liberia has 23.70 times less Nurses compared to Netherlands (Per 10,000 People).
Indicators | Liberia | Netherlands |
|---|---|---|
Agricultural Land (2023)  | 19,230.4 Sq Km | 18,120 Sq Km |
Forest Area (2023)  | 75,871.8 Sq Km | 3,704.37 Sq Km |
CO2 Emissions (2023)  | 0.14 kg per PPP $ of GDP | 0.12 kg per PPP $ of GDP |
Access to Electricity (2023)  | 31.8 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 33.63 % of total Population | 92.52 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.15 Billion cubic meters | 8.31 Billion cubic meters |
31.8% of the total Population of Liberia has access to the electricity in their homes, whereas, in case of Netherlands, 100% of the total Population has access to electricity.
Indicators | Liberia | Netherlands |
|---|---|---|
Time Required to Start a Business (2023)  | 18 Days | 3.5 Days |
New Businesses Registered (2023)  | 73 (New Businesses) | 39,055 (New Businesses) |
New Businesses Registration Density (2023)  | 0.02 (Per 1000 People) | 3.43 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 6.3 % of GNI Per Capita | 4 % of GNI Per Capita |
In the year 2023, 73 new businesses got registered in Liberia and 39,055 new businesses got registered in Netherlands.
It usually takes 18 days in Liberia and 3.5 days in Netherlands to register a new business legally and systematically.
Indicators | Liberia | Netherlands |
|---|---|---|
Imports of Goods and Services (2023)  | Yet to Update | 73.85 % of GDP |
Total Fuel Imports (2023)  | 19.75 % of Merchandise Imports | 18.28 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 1,012.5 USD | Yet to Update |
Time to Import Border Compliance (2023)  | 217 Hours | Yet to Update |
Cost to Import Documentary Compliance (2023)  | 405 USD | Yet to Update |
Time to Import Documentary Compliance (2023)  | 144 Hours | 0.5 Hour |
Indicators | Liberia | Netherlands |
|---|---|---|
Exports of Goods and Services (2023)  | Yet to Update | 84.96 % of GDP |
Total Fuel Exports (2023)  | 0.004 % of Merchandise Exports | 13.79 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 1,112.5 USD | Yet to Update |
Time to Export Border Compliance (2023)  | 193 Hours | Yet to Update |
Cost to Export Documentary Compliance (2023)  | 330 USD | Yet to Update |
Time to Export Documentary Compliance (2023)  | 144 Hours | 0.5 Hour |
Indicators | Liberia | Netherlands |
|---|---|---|
Gross National Savings (2023)  | Yet to Update | 30.15 % of GDP |
Tax Revenue (2023)  | 12.46 % of GDP | 24.11 % of GDP |
Taxes on Exports (2023)  | 0.12 % of Tax Revenue | Yet to Update |
Taxes on Goods and Services (2023)  | Yet to Update | 25.89 % of Tax Revenue |
Taxes on International Trade (2023)  | Yet to Update | 0.01 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 139.5 Hours | 119 Hours |
Customs and Other Import Duties (2023)  | 39.08 % of Tax Revenue | 0.01 % of Tax Revenue |
We hope you enjoyed the detailed guide on the standard of living comparsion between Liberia and Netherlands.
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.
