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Malawi vs Argentina (Standard of Living)

Published: Monday, 21th October 2024

Recently Updated: Monday, 13th January 2025

The Standard of living in Malawi is 2.42 times lesser as compared to Argentina.

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

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Economic Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of malawi
Malawi
Image illustrating the flag of malawi
Pictorial representation of map of argentina
Argentina
Image illustrating the flag of argentina
Gross Domestic Product (GDP)(2023)
Image representing the total Gross Domestic Product of any specific country
$13.176 billion USD$604.260 billion USD
GDP Per Capita
(2023)
Image representing the total Gross Domestic Product Per Capita of any specific country
579 USD12,812 USD
GINI Ratio
(2023)
Image representing the total GINI Ratio or GINI Coefficient of any specific country
0.450.42
Inflation on Consumer Prices
(2023)
Image representing the Percentage of Inflation on consumer prices of any specific country
28.79 % annuallyYet to Update
Central Government Debt
(2023)
Image representing the Central Government Debt of any specific country
52.6 % of GDP46.6 % 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 Malawi is $13.176 billion USD and that of Argentina is $604.260 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 Malawi contributes less to the country's economy compared to a person working in Argentina.

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Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of malawi
Malawi
Image illustrating the flag of malawi
Pictorial representation of map of argentina
Argentina
Image illustrating the flag of argentina
Human Development Index (HDI) (2024)
Image representing the Human Development Index of any specific country
0.5080.849
Human Capital Index (HCI) (2024)
Image representing the Human Capital Index of any specific country
0.410.6
Literacy Rate
(2023)
Image representing the Literacy Rate of any specific country
68.08% (15 years+ above age)97.19% (15 years+ above age)
Life Expectancy Ratio
(2023)
Image representation of Life Expectancy Ratio any given country
62.5 years74.6 years
Healthy Life Expectancy Ratio
(2023)
Image representation of Healthy Life Expectancy Ratio any given country
54.7 years64.8 years
Poverty Ratio
(2023)
Image representing the Poverty Rate of any specific country
50.7% of total Population39.2% of total Population
Unemployment Rate
(2023)
Image representing the Unemployment Rate of any specific country
5.04% of total labor force6.18% 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 Malawi is [ 0.508 ] and the HDI of Argentina is [ 0.849 ].

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

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Government National Expenditure Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of malawi
Malawi
Image illustrating the flag of malawi
Pictorial representation of map of argentina
Argentina
Image illustrating the flag of argentina
Gross National Expenditure
(2023)
Image representing the total Gross National Expenditure of any specific country
Yet to Update102.42 % of GDP
Total Health Expenditure
(2023)
Image representation of total Health Expenditure of any given country
7.41 % of GDP9.71 % of GDP
Research and Development Expenditure (2023)
Image representing the Government Expenditure of any specific country
Yet to Update0.52 % of GDP
Government Expenditure on Education (2023)
Image representing the Government Expenditure of any specific country
3.32 % of GDP4.65 % of GDP
International Tourism Expenditure (2023)
Image representing the International Tourism Expenditure of any specific country
119 million USD2,746 million USD
Number of International Tourists Arrivals (2023)
Image representing the Number of International Tourists Arrival in any specific country
871,0007,399,000
Military Expenditure
(2023)
Image representing the Military Expenditure of any specific country
0.64 % of GDP0.41 (% of GDP)
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Health System Facilities Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of malawi
Malawi
Image illustrating the flag of malawi
Pictorial representation of map of argentina
Argentina
Image illustrating the flag of argentina
Number of Doctors
(2023)
Visual representation of number of Doctors in any specific country
0.49
(Per 10,000 People)
38.95
(Per 10,000 People)
Number of Nurses
(2023)
Visual representation of number of Nurses in any specific country
7
(Per 10,000 People)
54.5
(Per 10,000 People)
Number of Pharmacists
(2023)
Visual representation of number of Pharmacists in any specific country
0.08
(Per 10,000 People)
4.97
(Per 10,000 People)
Available Hospital Beds
(2023)
Visual representation of Available Hospital Beds in any specific country
1.3
(Per 1000 People)
4.99
(Per 1000 People)
Pregnant Women Receiving Prenatal Care (2023)
Visual representation of Pregnant Women Receiving Prenatal Care in any specific country
96.8 % of total Population95 % of total Population

Malawi has 79.49 times less Doctors compared to Argentina (Per 10,000 People).

Malawi has 7.79 times less Nurses compared to Argentina (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 malawi
Malawi
Image illustrating the flag of malawi
Pictorial representation of map of argentina
Argentina
Image illustrating the flag of argentina
Agricultural Land
(2023)
Image Depicting the total Agricultural Land available in any specific country
60,500 Sq Km1,179,577.6 Sq Km
Forest Area
(2023)
Image Depicting the total Forest Area available in any specific country
21,997 Sq Km284,636.66 Sq Km
CO2 Emissions
(2023)
Image Depicting the total CO2 Emissions from any specific country
0.05 kg per PPP $ of GDP0.15 kg per PPP $ of GDP
Access to Electricity
(2023)
Image Depicting the access of electricity in any specific country
14 % of total Population100 % of total Population
Access to Internet
(2023)
Image Depicting the access of internet in any specific country
24.41 % of total Population88.38 % of total Population
Annual Fresh Water Withdrawals (2023)
Image Depicting the annual freshwater withdrawals from any specific country
1.36 Billion cubic meters37.69 Billion cubic meters

14% of the total Population of Malawi has access to the electricity in their homes, whereas, in case of Argentina, 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 malawi
Malawi
Image illustrating the flag of malawi
Pictorial representation of map of argentina
Argentina
Image illustrating the flag of argentina
Time Required to Start a Business (2023)
Image representing Time Required to Start a Business
37 Days11.5 Days
New Businesses Registered (2023)
Image representing New Businesses Registered
619 (New Businesses)5,667 (New Businesses)
New Businesses Registration Density (2023)
Image representing New Businesses Registration Density
0.09 (Per 1000 People)0.2 (Per 1000 People)
Cost of Business Start-Up Procedures (2023)
Image representing Cost of Business Start-Up Procedures
32.6 % of GNI Per Capita5 % of GNI Per Capita

In the year 2023, 619 new businesses got registered in Malawi and 5,667 new businesses got registered in Argentina.

It usually takes 37 days in Malawi and 11.5 days in Argentina 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 malawi
Malawi
Image illustrating the flag of malawi
Pictorial representation of map of argentina
Argentina
Image illustrating the flag of argentina
Imports of Goods and Services (2023)
Image representing Imports of Goods and Services
Yet to Update14.05 % of GDP
Total Fuel Imports
(2023)
Image representing Total Fuel Imports
19.19 % of Merchandise Imports10.54 % of Merchandise Imports
Cost to Import Border Compliance (2023)
Image representing Cost to Import Border Compliance
143.46 USD 1,200 USD
Time to Import Border Compliance (2023)
Image representing Time to Import Border Compliance
55.04 Hours60 Hours
Cost to Import Documentary Compliance (2023)
Image representing Cost to Import documentary Compliance
161.54 USD 120 USD
Time to Import Documentary Compliance (2023)
Image representing Time to Import Documentary Compliance
55 Hours166 Hours
Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of malawi
Malawi
Image illustrating the flag of malawi
Pictorial representation of map of argentina
Argentina
Image illustrating the flag of argentina
Exports of Goods and Services (2023)
Image representing Exports of Goods and Services
Yet to Update12.92 % of GDP
Total Fuel Exports
(2023)
Image representing Total Fuel Exports
0.0001 % of Merchandise Exports8.81 % of Merchandise Exports
Cost to Export Border Compliance (2023)
Image representing Cost to Export Border Compliance
242.94 USD150 USD
Time to Export Border Compliance (2023)
Image representing Time to Export Border Compliance
78.12 Hours21 Hours
Cost to Export Documentary Compliance (2023)
Image representing Cost to Export documentary Compliance
341.76 USD60 USD
Time to Export Documentary Compliance (2023)
Image representing Time to Export Documentary Compliance
75 Hours25 Hours
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Tax Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of malawi
Malawi
Image illustrating the flag of malawi
Pictorial representation of map of argentina
Argentina
Image illustrating the flag of argentina
Gross National Savings
(2023)
Image representing the total Gross National Savings of any specific country
Yet to Update15.13 % of GDP
Tax Revenue
(2023)
Image representing the total tax revenue collection of any specific country
12.78 % of GDP11.15 % of GDP
Taxes on Exports
(2023)
Image representing Taxes on Exports
Yet to Update16.41 % of Tax Revenue
Taxes on Goods and Services
(2023)
Image representing Taxes on Goods and Services
32.74 % of Tax Revenue29.19 % of Tax Revenue
Taxes on International Trade
(2023)
Image representing Taxes on International Trade
7.46 % of Revenue16.57 % of Revenue
Time to Prepare and Pay Taxes (2023)
Image representing Time to Prepare and Pay Taxes
169 Hours311.5 Hours
Customs and Other Import Duties (2023)
Image representing Customs and Other Import Duties
9.81 % of Tax Revenue6.62 % of Tax Revenue

The taxes charged by Malawi on international trade is 7.46% of the total revenue and the taxes charged by Argentina on international trade is 16.57% of the total revenue.

The Taxes charged on International Trade by Malawi is 2.22 times less of its total revenue than of Argentina.

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We hope you enjoyed the detailed guide on the standard of living comparsion between Malawi and Argentina.

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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