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Libya vs Switzerland (Standard of Living)

Published: Monday, 21th October 2024

Recently Updated: Saturday, 11th January 2025

The Standard of living in Libya is 3.51 times lesser as compared to Switzerland.

In this page, you will find side-by-side Standard of Living comparison between Libya and Switzerland. 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 Switzerland.

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Economic Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of libya
Libya
Image illustrating the flag of libya
Pictorial representation of map of switzerland
Switzerland
Image illustrating the flag of switzerland
Gross Domestic Product (GDP)(2023)
Image representing the total Gross Domestic Product of any specific country
$48.22 billion USD$938.458 billion USD
GDP Per Capita
(2023)
Image representing the total Gross Domestic Product Per Capita of any specific country
6,987 USD105,669 USD
GINI Ratio
(2023)
Image representing the total GINI Ratio or GINI Coefficient of any specific country
0.300.31
Inflation on Consumer Prices
(2023)
Image representing the Percentage of Inflation on consumer prices of any specific country
2.37 % annually2.14 % annually
Central Government Debt
(2023)
Image representing the Central Government Debt of any specific country
Yet to Update17.8 % of GDP
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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 Switzerland is $938.458 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 less to the country's economy compared to a person working in Switzerland.

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Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of libya
Libya
Image illustrating the flag of libya
Pictorial representation of map of switzerland
Switzerland
Image illustrating the flag of switzerland
Human Development Index (HDI) (2024)
Image representing the Human Development Index of any specific country
0.7460.967
Human Capital Index (HCI) (2024)
Image representing the Human Capital Index of any specific country
Yet to Update0.76
Literacy Rate
(2023)
Image representing the Literacy Rate of any specific country
76.5% (15 years+ above age)99% (15 years+ above age)
Life Expectancy Ratio
(2023)
Image representation of Life Expectancy Ratio any given country
72.2 years83.3 years
Healthy Life Expectancy Ratio
(2023)
Image representation of Healthy Life Expectancy Ratio any given country
62.1 years71.1 years
Poverty Ratio
(2023)
Image representing the Poverty Rate of any specific country
Yet to Update14.7% of total Population
Unemployment Rate
(2023)
Image representing the Unemployment Rate of any specific country
18.74% of total labor force4.05% 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 Switzerland is [ 0.967 ].

The data shows that the people living in Libya has lower income, life expectancy and education level compared to Switzerland.

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Government National Expenditure Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of libya
Libya
Image illustrating the flag of libya
Pictorial representation of map of switzerland
Switzerland
Image illustrating the flag of switzerland
Gross National Expenditure
(2023)
Image representing the total Gross National Expenditure of any specific country
72.67 % of GDP87.56 % of GDP
Total Health Expenditure
(2023)
Image representation of total Health Expenditure of any given country
4.02 % of GDP11.8 % of GDP
Research and Development Expenditure (2023)
Image representing the Government Expenditure of any specific country
Yet to Update3.36 % of GDP
Government Expenditure on Education (2023)
Image representing the Government Expenditure of any specific country
2.26 % of GDP5.61 % of GDP
International Tourism Expenditure (2023)
Image representing the International Tourism Expenditure of any specific country
2,042 million USD10,372 million USD
Number of International Tourists Arrivals (2023)
Image representing the Number of International Tourists Arrival in any specific country
760,00011,818,000
Military Expenditure
(2023)
Image representing the Military Expenditure of any specific country
15.48 % of GDP0.76 (% of GDP)

The total Gross National Expenditure of Libya is 72.67% of its GDP and the total Gross National Expenditure of Switzerland is 87.56% of its GDP.

From the above data, we can say that Libya spends 1.20 times less of its GDP on Gross National Expenditure compared to Switzerland.

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Health System Facilities Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of libya
Libya
Image illustrating the flag of libya
Pictorial representation of map of switzerland
Switzerland
Image illustrating the flag of switzerland
Number of Doctors
(2023)
Visual representation of number of Doctors in any specific country
21.57
(Per 10,000 People)
44.4
(Per 10,000 People)
Number of Nurses
(2023)
Visual representation of number of Nurses in any specific country
67.4
(Per 10,000 People)
187.6
(Per 10,000 People)
Number of Pharmacists
(2023)
Visual representation of number of Pharmacists in any specific country
6.2
(Per 10,000 People)
6.62
(Per 10,000 People)
Available Hospital Beds
(2023)
Visual representation of Available Hospital Beds in any specific country
3.2
(Per 1000 People)
4.63
(Per 1000 People)
Pregnant Women Receiving Prenatal Care (2023)
Visual representation of Pregnant Women Receiving Prenatal Care in any specific country
93 % of total PopulationYet to Update

Libya has 2.06 times less Doctors compared to Switzerland (Per 10,000 People).

Libya has 2.78 times less Nurses compared to Switzerland (Per 10,000 People).

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Environmental Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of libya
Libya
Image illustrating the flag of libya
Pictorial representation of map of switzerland
Switzerland
Image illustrating the flag of switzerland
Agricultural Land
(2023)
Image Depicting the total Agricultural Land available in any specific country
153,500 Sq Km14,993.78 Sq Km
Forest Area
(2023)
Image Depicting the total Forest Area available in any specific country
2,170 Sq Km12,725.5 Sq Km
CO2 Emissions
(2023)
Image Depicting the total CO2 Emissions from any specific country
0.41 kg per PPP $ of GDP0.06 kg per PPP $ of GDP
Access to Electricity
(2023)
Image Depicting the access of electricity in any specific country
70 % of total Population100 % of total Population
Access to Internet
(2023)
Image Depicting the access of internet in any specific country
17.76 % of total Population95.57 % of total Population
Annual Fresh Water Withdrawals (2023)
Image Depicting the annual freshwater withdrawals from any specific country
5.72 Billion cubic meters1.7 Billion cubic meters

70% of the total Population of Libya has access to the electricity in their homes, whereas, in case of Switzerland, 100% of the total Population has access to electricity.

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Business Registration Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of libya
Libya
Image illustrating the flag of libya
Pictorial representation of map of switzerland
Switzerland
Image illustrating the flag of switzerland
Time Required to Start a Business (2023)
Image representing Time Required to Start a Business
35 Days10 Days
New Businesses Registered (2023)
Image representing New Businesses Registered
Yet to Update26,347 (New Businesses)
New Businesses Registration Density (2023)
Image representing New Businesses Registration Density
Yet to Update4.63 (Per 1000 People)
Cost of Business Start-Up Procedures (2023)
Image representing Cost of Business Start-Up Procedures
24.6 % of GNI Per Capita2.3 % of GNI Per Capita

It usually takes 35 days in Libya and 10 days in Switzerland to register a new business legally and systematically.

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Import & Export Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of libya
Libya
Image illustrating the flag of libya
Pictorial representation of map of switzerland
Switzerland
Image illustrating the flag of switzerland
Imports of Goods and Services (2023)
Image representing Imports of Goods and Services
41.3 % of GDP62.89 % of GDP
Total Fuel Imports
(2023)
Image representing Total Fuel Imports
13.14 % of Merchandise Imports3.93 % of Merchandise Imports
Cost to Import Border Compliance (2023)
Image representing Cost to Import Border Compliance
637.43 USD 115 USD
Time to Import Border Compliance (2023)
Image representing Time to Import Border Compliance
78.86 Hours1 Hour
Cost to Import Documentary Compliance (2023)
Image representing Cost to Import documentary Compliance
60 USD 27 USD
Time to Import Documentary Compliance (2023)
Image representing Time to Import Documentary Compliance
96 Hours1.5 Hours
Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of libya
Libya
Image illustrating the flag of libya
Pictorial representation of map of switzerland
Switzerland
Image illustrating the flag of switzerland
Exports of Goods and Services (2023)
Image representing Exports of Goods and Services
68.63 % of GDP75.33 % of GDP
Total Fuel Exports
(2023)
Image representing Total Fuel Exports
94.41 % of Merchandise Exports1.46 % of Merchandise Exports
Cost to Export Border Compliance (2023)
Image representing Cost to Export Border Compliance
574.86 USD115 USD
Time to Export Border Compliance (2023)
Image representing Time to Export Border Compliance
72 Hours1 Hour
Cost to Export Documentary Compliance (2023)
Image representing Cost to Export documentary Compliance
50 USD27 USD
Time to Export Documentary Compliance (2023)
Image representing Time to Export Documentary Compliance
72 Hours1.5 Hours
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Tax Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of libya
Libya
Image illustrating the flag of libya
Pictorial representation of map of switzerland
Switzerland
Image illustrating the flag of switzerland
Gross National Savings
(2023)
Image representing the total Gross National Savings of any specific country
39.62 % of GDP32.24 % of GDP
Tax Revenue
(2023)
Image representing the total tax revenue collection of any specific country
Yet to Update9.1 % of GDP
Taxes on Exports
(2023)
Image representing Taxes on Exports
Yet to UpdateYet to Update
Taxes on Goods and Services
(2023)
Image representing Taxes on Goods and Services
Yet to Update28.46 % of Tax Revenue
Taxes on International Trade
(2023)
Image representing Taxes on International Trade
Yet to Update0.89 % of Revenue
Time to Prepare and Pay Taxes (2023)
Image representing Time to Prepare and Pay Taxes
889 Hours63 Hours
Customs and Other Import Duties (2023)
Image representing Customs and Other Import Duties
Yet to Update1.72 % of Tax Revenue
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We hope you enjoyed the detailed guide on the standard of living comparsion between Libya and Switzerland.

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.

Pictorial representation of the map of Libya
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Pictorial representation of the map of Zambia
Pictorial representation of the map of Libya
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Pictorial representation of the map of Antigua and Barbuda
Pictorial representation of the map of Libya
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Pictorial representation of the map of Bangladesh
Pictorial representation of the map of Libya
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Pictorial representation of the map of Sierra Leone
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Pictorial representation of the map of Indonesia
Pictorial representation of the map of Libya
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Pictorial representation of the map of Algeria
Pictorial representation of the map of Libya
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Pictorial representation of the map of Venezuela
Pictorial representation of the map of Libya
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Pictorial representation of the map of Suriname
Pictorial representation of the map of Libya
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Pictorial representation of the map of Serbia
Pictorial representation of the map of Libya
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Pictorial representation of the map of Comoros
Pictorial representation of the map of Libya
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Pictorial representation of the map of Spain
Pictorial representation of the map of Libya
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Pictorial representation of the map of Ghana