Published: Monday, 21th October 2024
The Standard of living in Libya is 2.45 times better as compared to South Sudan.
In this page, you will find side-by-side Standard of Living comparison between Libya and South Sudan. 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 Libya and South Sudan.
Indicators | Libya | South Sudan |
---|---|---|
Gross Domestic Product (GDP)(2023) | $48.22 billion USD | $4.7 billion USD |
GDP Per Capita (2023) | 6,987 USD | 326 USD |
GINI Ratio (2023) | 0.30 | 0.44 |
Inflation on Consumer Prices (2023) | 2.37 % annually | 2.38 % annually |
Central Government Debt (2023) | Yet to Update | 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 Libya is $48.22 billion USD and that of South Sudan is $4.7 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 Libya contributes more to the country's economy compared to a person working in South Sudan.
Indicators | Libya | South Sudan |
---|---|---|
Human Development Index (HDI) (2024) | 0.746 | 0.381 |
Human Capital Index (HCI) (2024) | Yet to Update | 0.31 |
Literacy Rate (2023) | 76.5% (15 years+ above age) | 34.52% (15 years+ above age) |
Life Expectancy Ratio (2023) | 72.2 years | 58.6 years |
Healthy Life Expectancy Ratio (2023) | 62.1 years | 50.5 years |
Poverty Ratio (2023) | Yet to Update | 82.3% of total Population |
Unemployment Rate (2023) | 18.74% of total labor force | 12.27% 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 Libya is [ 0.746 ] and the HDI of South Sudan is [ 0.381 ].
The data shows that the people living in Libya has better income, life expectancy and education level compared to South Sudan.
Indicators | Libya | South Sudan |
---|---|---|
Gross National Expenditure (2023) | 72.67 % of GDP | 92.25 % of GDP |
Total Health Expenditure (2023) | 4.02 % of GDP | 5.86 % of GDP |
Research and Development Expenditure (2023) | Yet to Update | Yet to Update |
Government Expenditure on Education (2023) | 2.26 % of GDP | 1.47 % of GDP |
International Tourism Expenditure (2023) | 2,042 million USD | 469 million USD |
Number of International Tourists Arrivals (2023) | 760,000 | Yet to Update |
Military Expenditure (2023) | 15.48 % of GDP | 3.02 (% of GDP) |
The total Gross National Expenditure of Libya is 72.67% of its GDP and the total Gross National Expenditure of South Sudan is 92.25% of its GDP.
From the above data, we can say that Libya spends 1.27 times less of its GDP on Gross National Expenditure compared to South Sudan.
Indicators | Libya | South Sudan |
---|---|---|
Number of Doctors (2023) | 21.57 (Per 10,000 People) | 0.43 (Per 10,000 People) |
Number of Nurses (2023) | 67.4 (Per 10,000 People) | 7.1 (Per 10,000 People) |
Number of Pharmacists (2023) | 6.2 (Per 10,000 People) | 0.13 (Per 10,000 People) |
Available Hospital Beds (2023) | 3.2 (Per 1000 People) | Yet to Update |
Pregnant Women Receiving Prenatal Care (2023) | 93 % of total Population | 61.9 % of total Population |
Libya has 50.16 times more Doctors compared to South Sudan (Per 10,000 People).
Libya has 9.49 times more Nurses compared to South Sudan (Per 10,000 People).
Indicators | Libya | South Sudan |
---|---|---|
Agricultural Land (2023) | 153,500 Sq Km | 282,527 Sq Km |
Forest Area (2023) | 2,170 Sq Km | 71,570 Sq Km |
CO2 Emissions (2023) | 0.41 kg per PPP $ of GDP | 0.15 kg per PPP $ of GDP |
Access to Electricity (2023) | 70 % of total Population | 8.4 % of total Population |
Access to Internet (2023) | 17.76 % of total Population | 6.5 % of total Population |
Annual Fresh Water Withdrawals (2023) | 5.72 Billion cubic meters | 0.66 Billion cubic meters |
70% of the total Population of Libya has access to the electricity in their homes, whereas, in case of South Sudan, 8.4% of the total Population has access to electricity.
Indicators | Libya | South Sudan |
---|---|---|
Time Required to Start a Business (2023) | 35 Days | 13 Days |
New Businesses Registered (2023) | Yet to Update | 1,765 (New Businesses) |
New Businesses Registration Density (2023) | Yet to Update | 0.3 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023) | 24.6 % of GNI Per Capita | 77.4 % of GNI Per Capita |
It usually takes 35 days in Libya and 13 days in South Sudan to register a new business legally and systematically.
Indicators | Libya | South Sudan |
---|---|---|
Imports of Goods and Services (2023) | 41.3 % of GDP | 28.9 % of GDP |
Total Fuel Imports (2023) | 13.14 % of Merchandise Imports | Yet to Update |
Cost to Import Border Compliance (2023) | 637.43 USD | 781.25 USD |
Time to Import Border Compliance (2023) | 78.86 Hours | 179 Hours |
Cost to Import Documentary Compliance (2023) | 60 USD | 350 USD |
Time to Import Documentary Compliance (2023) | 96 Hours | 360 Hours |
Indicators | Libya | South Sudan |
---|---|---|
Exports of Goods and Services (2023) | 68.63 % of GDP | 36.65 % of GDP |
Total Fuel Exports (2023) | 94.41 % of Merchandise Exports | Yet to Update |
Cost to Export Border Compliance (2023) | 574.86 USD | 762.5 USD |
Time to Export Border Compliance (2023) | 72 Hours | 146 Hours |
Cost to Export Documentary Compliance (2023) | 50 USD | 193.75 USD |
Time to Export Documentary Compliance (2023) | 72 Hours | 192 Hours |
Indicators | Libya | South Sudan |
---|---|---|
Gross National Savings (2023) | 39.62 % of GDP | 6.18 % of GDP |
Tax Revenue (2023) | Yet to Update | Yet to Update |
Taxes on Exports (2023) | Yet to Update | Yet to Update |
Taxes on Goods and Services (2023) | Yet to Update | Yet to Update |
Taxes on International Trade (2023) | Yet to Update | Yet to Update |
Time to Prepare and Pay Taxes (2023) | 889 Hours | 210 Hours |
Customs and Other Import Duties (2023) | Yet to Update | Yet to Update |
We hope you enjoyed the detailed guide on the standard of living comparsion between Libya and South Sudan.
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