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Madagascar vs Saint Lucia (Standard of Living)

Published: Monday, 21th October 2024

Recently Updated: Monday, 13th January 2025

The Standard of living in Madagascar is 2.09 times lesser as compared to Saint Lucia.

In this page, you will find side-by-side Standard of Living comparison between Madagascar and Saint Lucia. 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 Madagascar and Saint Lucia.

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Economic Factors Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of madagascar
Madagascar
Image illustrating the flag of madagascar
Pictorial representation of map of saint-lucia
Saint Lucia
Image illustrating the flag of saint-lucia
Gross Domestic Product (GDP)(2023)
Image representing the total Gross Domestic Product of any specific country
$15.763 billion USD$2.469 billion USD
GDP Per Capita
(2023)
Image representing the total Gross Domestic Product Per Capita of any specific country
529 USD13,572 USD
GINI Ratio
(2023)
Image representing the total GINI Ratio or GINI Coefficient of any specific country
0.430.51
Inflation on Consumer Prices
(2023)
Image representing the Percentage of Inflation on consumer prices of any specific country
9.87 % annually4.07 % annually
Central Government Debt
(2023)
Image representing the Central Government Debt of any specific country
Yet to Update45.9 % 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 Madagascar is $15.763 billion USD and that of Saint Lucia is $2.469 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 Madagascar contributes less to the country's economy compared to a person working in Saint Lucia.

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Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of madagascar
Madagascar
Image illustrating the flag of madagascar
Pictorial representation of map of saint-lucia
Saint Lucia
Image illustrating the flag of saint-lucia
Human Development Index (HDI) (2024)
Image representing the Human Development Index of any specific country
0.4870.725
Human Capital Index (HCI) (2024)
Image representing the Human Capital Index of any specific country
0.390.6
Literacy Rate
(2023)
Image representing the Literacy Rate of any specific country
77.48% (15 years+ above age)96% (15 years+ above age)
Life Expectancy Ratio
(2023)
Image representation of Life Expectancy Ratio any given country
62.9 years71.1 years
Healthy Life Expectancy Ratio
(2023)
Image representation of Healthy Life Expectancy Ratio any given country
55.1 years61.8 years
Poverty Ratio
(2023)
Image representing the Poverty Rate of any specific country
70.7% of total Population25% of total Population
Unemployment Rate
(2023)
Image representing the Unemployment Rate of any specific country
3.06% of total labor force11.09% 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 Madagascar is [ 0.487 ] and the HDI of Saint Lucia is [ 0.725 ].

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

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Government National Expenditure Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of madagascar
Madagascar
Image illustrating the flag of madagascar
Pictorial representation of map of saint-lucia
Saint Lucia
Image illustrating the flag of saint-lucia
Gross National Expenditure
(2023)
Image representing the total Gross National Expenditure of any specific country
106.53 % of GDPYet to Update
Total Health Expenditure
(2023)
Image representation of total Health Expenditure of any given country
3.5 % of GDP6.21 % of GDP
Research and Development Expenditure (2023)
Image representing the Government Expenditure of any specific country
0.01 % of GDP0.27 % of GDP
Government Expenditure on Education (2023)
Image representing the Government Expenditure of any specific country
3.14 % of GDP4.2 % of GDP
International Tourism Expenditure (2023)
Image representing the International Tourism Expenditure of any specific country
97 million USD28 million USD
Number of International Tourists Arrivals (2023)
Image representing the Number of International Tourists Arrival in any specific country
87,100432,500
Military Expenditure
(2023)
Image representing the Military Expenditure of any specific country
0.65 % of GDPYet to Update
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Health System Facilities Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of madagascar
Madagascar
Image illustrating the flag of madagascar
Pictorial representation of map of saint-lucia
Saint Lucia
Image illustrating the flag of saint-lucia
Number of Doctors
(2023)
Visual representation of number of Doctors in any specific country
1.76
(Per 10,000 People)
6.5
(Per 10,000 People)
Number of Nurses
(2023)
Visual representation of number of Nurses in any specific country
2.92
(Per 10,000 People)
32.22
(Per 10,000 People)
Number of Pharmacists
(2023)
Visual representation of number of Pharmacists in any specific country
0.01
(Per 10,000 People)
4.46
(Per 10,000 People)
Available Hospital Beds
(2023)
Visual representation of Available Hospital Beds in any specific country
0.2
(Per 1000 People)
1.3
(Per 1000 People)
Pregnant Women Receiving Prenatal Care (2023)
Visual representation of Pregnant Women Receiving Prenatal Care in any specific country
88.9 % of total Population96.9 % of total Population

Madagascar has 3.69 times less Doctors compared to Saint Lucia (Per 10,000 People).

Madagascar has 11.03 times less Nurses compared to Saint Lucia (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 madagascar
Madagascar
Image illustrating the flag of madagascar
Pictorial representation of map of saint-lucia
Saint Lucia
Image illustrating the flag of saint-lucia
Agricultural Land
(2023)
Image Depicting the total Agricultural Land available in any specific country
408,950 Sq Km99.4 Sq Km
Forest Area
(2023)
Image Depicting the total Forest Area available in any specific country
124,165.97 Sq Km207.7 Sq Km
CO2 Emissions
(2023)
Image Depicting the total CO2 Emissions from any specific country
0.06 kg per PPP $ of GDP0.19 kg per PPP $ of GDP
Access to Electricity
(2023)
Image Depicting the access of electricity in any specific country
36.1 % of total Population100 % of total Population
Access to Internet
(2023)
Image Depicting the access of internet in any specific country
19.73 % of total Population78.1 % of total Population
Annual Fresh Water Withdrawals (2023)
Image Depicting the annual freshwater withdrawals from any specific country
13.46 Billion cubic meters0.04 Billion cubic meters

36.1% of the total Population of Madagascar has access to the electricity in their homes, whereas, in case of Saint Lucia, 100% of the total Population has access to electricity.

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Business Registration Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of madagascar
Madagascar
Image illustrating the flag of madagascar
Pictorial representation of map of saint-lucia
Saint Lucia
Image illustrating the flag of saint-lucia
Time Required to Start a Business (2023)
Image representing Time Required to Start a Business
8 Days11 Days
New Businesses Registered (2023)
Image representing New Businesses Registered
1,929 (New Businesses)244 (New Businesses)
New Businesses Registration Density (2023)
Image representing New Businesses Registration Density
0.11 (Per 1000 People)1.88 (Per 1000 People)
Cost of Business Start-Up Procedures (2023)
Image representing Cost of Business Start-Up Procedures
30.2 % of GNI Per Capita17 % of GNI Per Capita

In the year 2023, 1,929 new businesses got registered in Madagascar and 244 new businesses got registered in Saint Lucia.

It usually takes 8 days in Madagascar and 11 days in Saint Lucia 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 madagascar
Madagascar
Image illustrating the flag of madagascar
Pictorial representation of map of saint-lucia
Saint Lucia
Image illustrating the flag of saint-lucia
Imports of Goods and Services (2023)
Image representing Imports of Goods and Services
39.06 % of GDPYet to Update
Total Fuel Imports
(2023)
Image representing Total Fuel Imports
20.66 % of Merchandise Imports11.42 % of Merchandise Imports
Cost to Import Border Compliance (2023)
Image representing Cost to Import Border Compliance
595 USD 842.05 USD
Time to Import Border Compliance (2023)
Image representing Time to Import Border Compliance
98.73 Hours26.57 Hours
Cost to Import Documentary Compliance (2023)
Image representing Cost to Import documentary Compliance
149.55 USD 97.5 USD
Time to Import Documentary Compliance (2023)
Image representing Time to Import Documentary Compliance
57.64 Hours14.07 Hours
Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of madagascar
Madagascar
Image illustrating the flag of madagascar
Pictorial representation of map of saint-lucia
Saint Lucia
Image illustrating the flag of saint-lucia
Exports of Goods and Services (2023)
Image representing Exports of Goods and Services
32.53 % of GDPYet to Update
Total Fuel Exports
(2023)
Image representing Total Fuel Exports
2.33 % of Merchandise Exports3.4 % of Merchandise Exports
Cost to Export Border Compliance (2023)
Image representing Cost to Export Border Compliance
867.73 USD717.5 USD
Time to Export Border Compliance (2023)
Image representing Time to Export Border Compliance
69.82 Hours27 Hours
Cost to Export Documentary Compliance (2023)
Image representing Cost to Export documentary Compliance
116.82 USD62.5 USD
Time to Export Documentary Compliance (2023)
Image representing Time to Export Documentary Compliance
48.91 Hours19 Hours
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Tax Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of madagascar
Madagascar
Image illustrating the flag of madagascar
Pictorial representation of map of saint-lucia
Saint Lucia
Image illustrating the flag of saint-lucia
Gross National Savings
(2023)
Image representing the total Gross National Savings of any specific country
15.56 % of GDPYet to Update
Tax Revenue
(2023)
Image representing the total tax revenue collection of any specific country
9.25 % of GDP18.23 % of GDP
Taxes on Exports
(2023)
Image representing Taxes on Exports
3.92 % of Tax RevenueYet to Update
Taxes on Goods and Services
(2023)
Image representing Taxes on Goods and Services
54.99 % of Tax Revenue34.8 % of Tax Revenue
Taxes on International Trade
(2023)
Image representing Taxes on International Trade
0.42 % of Revenue29.18 % of Revenue
Time to Prepare and Pay Taxes (2023)
Image representing Time to Prepare and Pay Taxes
183 Hours110 Hours
Customs and Other Import Duties (2023)
Image representing Customs and Other Import Duties
0.53 % of Tax Revenue0.61 % of Tax Revenue

The taxes charged by Madagascar on international trade is 0.42% of the total revenue and the taxes charged by Saint Lucia on international trade is 29.18% of the total revenue.

The Taxes charged on International Trade by Madagascar is 69.48 times less of its total revenue than of Saint Lucia.

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We hope you enjoyed the detailed guide on the standard of living comparsion between Madagascar and Saint Lucia.

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.

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