Published: Monday, 21th October 2024
The Standard of living in Lithuania is 1.19 times better as compared to Taiwan.
In this page, you will find side-by-side Standard of Living comparison between Lithuania and Taiwan. 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 Lithuania and Taiwan.
 Indicators  | Lithuania  | Taiwan  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $64.07 billion USD | $751.930 billion USD |
GDP Per Capita (2023)  | 22,325 USD | 32,339 USD |
GINI Ratio (2023)  | 0.36 | 0.34 |
Inflation on Consumer Prices (2023)  | 9.12 % annually | Yet to Update |
Central Government Debt (2023)  | 36 % 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 Lithuania is $64.07 billion USD and that of Taiwan is $751.930 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 Lithuania contributes less to the country's economy compared to a person working in Taiwan.
Indicators | Lithuania | Taiwan |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.878 | 0.926 |
Human Capital Index (HCI) (2024)  | 0.71 | Yet to Update |
Literacy Rate (2023)  | 99.83% (15 years+ above age) | 99% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 74.1 years | 81.3 years |
Healthy Life Expectancy Ratio (2023)  | 64.2 years | 73 years |
Poverty Ratio (2023)  | 20.9% of total Population | Yet to Update |
Unemployment Rate (2023)  | 6.96% of total labor force | Yet to Update |
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 Lithuania is [ 0.878 ] and the HDI of Taiwan is [ 0.926 ].
The data shows that the people living in Lithuania has lower income, life expectancy and education level compared to Taiwan.
Indicators | Lithuania | Taiwan |
|---|---|---|
Gross National Expenditure (2023)  | 96.16 % of GDP | Yet to Update |
Total Health Expenditure (2023)  | 7.82 % of GDP | 6.5 % of GDP |
Research and Development Expenditure (2023)  | 1.11 % of GDP | Yet to Update |
Government Expenditure on Education (2023)  | 4.75 % of GDP | Yet to Update |
International Tourism Expenditure (2023)  | 643 million USD | Yet to Update |
Number of International Tourists Arrivals (2023)  | 2,284,000 | Yet to Update |
Military Expenditure (2023)  | 2.52 % of GDP | Yet to Update |
Indicators | Lithuania | Taiwan |
|---|---|---|
Number of Doctors (2023)  | 45 (Per 10,000 People) | 2.3 (Per 10,000 People) |
Number of Nurses (2023)  | 82.4 (Per 10,000 People) | 6.7 (Per 10,000 People) |
Number of Pharmacists (2023)  | 10.25 (Per 10,000 People) | 1.1 (Per 10,000 People) |
Available Hospital Beds (2023)  | 6.43 (Per 1000 People) | Yet to Update |
Pregnant Women Receiving Prenatal Care (2023)  | 100 % of total Population | Yet to Update |
Lithuania has 19.57 times more Doctors compared to Taiwan (Per 10,000 People).
Lithuania has 12.30 times more Nurses compared to Taiwan (Per 10,000 People).
Indicators | Lithuania | Taiwan |
|---|---|---|
Agricultural Land (2023)  | 29,378 Sq Km | Yet to Update |
Forest Area (2023)  | 22,026.67 Sq Km | Yet to Update |
CO2 Emissions (2023)  | 0.1 kg per PPP $ of GDP | Yet to Update |
Access to Electricity (2023)  | 100 % of total Population | Yet to Update |
Access to Internet (2023)  | 87.72 % of total Population | Yet to Update |
Annual Fresh Water Withdrawals (2023)  | 0.25 Billion cubic meters | Yet to Update |
Indicators | Lithuania | Taiwan |
|---|---|---|
Time Required to Start a Business (2023)  | 5.5 Days | Yet to Update |
New Businesses Registered (2023)  | 5,334 (New Businesses) | Yet to Update |
New Businesses Registration Density (2023)  | 2.95 (Per 1000 People) | Yet to Update |
Cost of Business Start-Up Procedures (2023)  | 0.5 % of GNI Per Capita | Yet to Update |
Indicators | Lithuania | Taiwan |
|---|---|---|
Imports of Goods and Services (2023)  | 74.65 % of GDP | Yet to Update |
Total Fuel Imports (2023)  | 19.8 % of Merchandise Imports | Yet to Update |
Cost to Import Border Compliance (2023)  | Yet to Update | Yet to Update |
Time to Import Border Compliance (2023)  | Yet to Update | Yet to Update |
Cost to Import Documentary Compliance (2023)  | Yet to Update | Yet to Update |
Time to Import Documentary Compliance (2023)  | 0.5 Hour | Yet to Update |
Indicators | Lithuania | Taiwan |
|---|---|---|
Exports of Goods and Services (2023)  | 78.49 % of GDP | Yet to Update |
Total Fuel Exports (2023)  | 14.3 % of Merchandise Exports | Yet to Update |
Cost to Export Border Compliance (2023)  | 58 USD | Yet to Update |
Time to Export Border Compliance (2023)  | 7.31 Hours | Yet to Update |
Cost to Export Documentary Compliance (2023)  | 28 USD | Yet to Update |
Time to Export Documentary Compliance (2023)  | 2.5 Hours | Yet to Update |
Indicators | Lithuania | Taiwan |
|---|---|---|
Gross National Savings (2023)  | 20.82 % of GDP | Yet to Update |
Tax Revenue (2023)  | 21.1 % of GDP | Yet to Update |
Taxes on Exports (2023)  | 0.58 % of Tax Revenue | Yet to Update |
Taxes on Goods and Services (2023)  | 32.57 % of Tax Revenue | Yet to Update |
Taxes on International Trade (2023)  | 0.44 % of Revenue | Yet to Update |
Time to Prepare and Pay Taxes (2023)  | 95 Hours | Yet to Update |
Customs and Other Import Duties (2023)  | 0.71 % of Tax Revenue | Yet to Update |
We hope you enjoyed the detailed guide on the standard of living comparsion between Lithuania and Taiwan.
For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.
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