Published: Monday, 21th October 2024
The Standard of living in Liechtenstein is 5.52 times better as compared to Côte d'Ivoire.
In this page, you will find side-by-side Standard of Living comparison between Liechtenstein and Côte d'Ivoire. 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 Liechtenstein and Côte d'Ivoire.
 Indicators  | Liechtenstein  | Côte d'Ivoire  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $6.872 billion USD | $79.430 billion USD |
GDP Per Capita (2023)  | 180,000 USD | 2,728 USD |
GINI Ratio (2023)  | 0.28 | 0.41 |
Inflation on Consumer Prices (2023)  | Yet to Update | 4.39 % annually |
Central Government Debt (2023)  | Yet to Update | 171.1 % 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 Liechtenstein is $6.872 billion USD and that of Côte d'Ivoire is $79.430 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 Liechtenstein contributes more to the country's economy compared to a person working in Côte d'Ivoire.
Indicators | Liechtenstein | Côte d'Ivoire |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.942 | 0.534 |
Human Capital Index (HCI) (2024)  | Yet to Update | 0.38 |
Literacy Rate (2023)  | 100% (15 years+ above age) | 89.89% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 82.4 years | 63.5 years |
Healthy Life Expectancy Ratio (2023)  | 73.9 years | 55.4 years |
Poverty Ratio (2023)  | Yet to Update | 37.5% of total Population |
Unemployment Rate (2023)  | Yet to Update | 2.4% 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 Liechtenstein is [ 0.942 ] and the HDI of Côte d'Ivoire is [ 0.534 ].
The data shows that the people living in Liechtenstein has better income, life expectancy and education level compared to Côte d'Ivoire.
Indicators | Liechtenstein | Côte d'Ivoire |
|---|---|---|
Gross National Expenditure (2023)  | Yet to Update | 103.75 % of GDP |
Total Health Expenditure (2023)  | 6.9 % of GDP | 3.13 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | 0.07 % of GDP |
Government Expenditure on Education (2023)  | 2.56 % of GDP | 3.52 % of GDP |
International Tourism Expenditure (2023)  | Yet to Update | 315 million USD |
Number of International Tourists Arrivals (2023)  | 58,400 | 668,000 |
Military Expenditure (2023)  | Yet to Update | 0.89 (% of GDP) |
Indicators | Liechtenstein | Côte d'Ivoire |
|---|---|---|
Number of Doctors (2023)  | 2.5 (Per 10,000 People) | 1.8 (Per 10,000 People) |
Number of Nurses (2023)  | 12.1 (Per 10,000 People) | 7.26 (Per 10,000 People) |
Number of Pharmacists (2023)  | 1.8 (Per 10,000 People) | 0.41 (Per 10,000 People) |
Available Hospital Beds (2023)  | Yet to Update | 0.4 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | Yet to Update | 93.2 % of total Population |
Liechtenstein has 1.39 times more Doctors compared to Côte d'Ivoire (Per 10,000 People).
Liechtenstein has 1.67 times more Nurses compared to Côte d'Ivoire (Per 10,000 People).
Indicators | Liechtenstein | Côte d'Ivoire |
|---|---|---|
Agricultural Land (2023)  | 51.7 Sq Km | 235,000 Sq Km |
Forest Area (2023)  | 67 Sq Km | 27,238.27 Sq Km |
CO2 Emissions (2023)  | Yet to Update | 0.07 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 70.4 % of total Population |
Access to Internet (2023)  | 95.57 % of total Population | 35.48 % of total Population |
Annual Fresh Water Withdrawals (2023)  | Yet to Update | 1.16 Billion cubic meters |
100% of the total Population of Liechtenstein has access to the electricity in their homes, whereas, in case of Côte d'Ivoire, 70.4% of the total Population has access to electricity.
Indicators | Liechtenstein | Côte d'Ivoire |
|---|---|---|
Time Required to Start a Business (2023)  | 46 Days | 6 Days |
New Businesses Registered (2023)  | 505 (New Businesses) | 19,042 (New Businesses) |
New Businesses Registration Density (2023)  | 19.41 (Per 1000 People) | 1.2 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 2.2 % of GNI Per Capita | 2.7 % of GNI Per Capita |
In the year 2023, 505 new businesses got registered in Liechtenstein and 19,042 new businesses got registered in Côte d'Ivoire.
It usually takes 46 days in Liechtenstein and 6 days in Côte d'Ivoire to register a new business legally and systematically.
Indicators | Liechtenstein | Côte d'Ivoire |
|---|---|---|
Imports of Goods and Services (2023)  | Yet to Update | 26.61 % of GDP |
Total Fuel Imports (2023)  | Yet to Update | 26.93 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 115 USD | 455.71 USD |
Time to Import Border Compliance (2023)  | 1 Hour | 125.14 Hours |
Cost to Import Documentary Compliance (2023)  | 27 USD | 266.67 USD |
Time to Import Documentary Compliance (2023)  | 1.5 Hours | 89.14 Hours |
Indicators | Liechtenstein | Côte d'Ivoire |
|---|---|---|
Exports of Goods and Services (2023)  | Yet to Update | 22.87 % of GDP |
Total Fuel Exports (2023)  | Yet to Update | 18.52 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 115 USD | 422.57 USD |
Time to Export Border Compliance (2023)  | 1 Hour | 238.71 Hours |
Cost to Export Documentary Compliance (2023)  | 27 USD | 136.11 USD |
Time to Export Documentary Compliance (2023)  | 1.5 Hours | 84 Hours |
Indicators | Liechtenstein | Côte d'Ivoire |
|---|---|---|
Gross National Savings (2023)  | Yet to Update | 18.19 % of GDP |
Tax Revenue (2023)  | Yet to Update | 11.94 % of GDP |
Taxes on Exports (2023)  | Yet to Update | 10.7 % of Tax Revenue |
Taxes on Goods and Services (2023)  | Yet to Update | 37.72 % of Tax Revenue |
Taxes on International Trade (2023)  | Yet to Update | 23.03 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 49 Hours | 187 Hours |
Customs and Other Import Duties (2023)  | Yet to Update | 13.8 % of Tax Revenue |
We hope you enjoyed the detailed guide on the standard of living comparsion between Liechtenstein and Côte d'Ivoire.
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