Published: Monday, 21th October 2024
The Standard of living in Marshall Islands is 1.00 times lesser as compared to Egypt.
In this page, you will find side-by-side Standard of Living comparison between Marshall Islands and Egypt. 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 Marshall Islands and Egypt.
 Indicators  | Marshall Islands  | Egypt  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $220 million USD | $347.594 billion USD |
GDP Per Capita (2023)  | 3,866 USD | 3,225 USD |
GINI Ratio (2023)  | 0.51 | 0.32 |
Inflation on Consumer Prices (2023)  | Yet to Update | 33.88 % annually |
Central Government Debt (2023)  | 41.7 % of GDP | 85.8 % 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 Marshall Islands is $220 million USD and that of Egypt is $347.594 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 Marshall Islands contributes more to the country's economy compared to a person working in Egypt.
Indicators | Marshall Islands | Egypt |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.731 | 0.728 |
Human Capital Index (HCI) (2024)  | 0.42 | 0.49 |
Literacy Rate (2023)  | 98.27% (15 years+ above age) | 74.5% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 72.5 years | 69.1 years |
Healthy Life Expectancy Ratio (2023)  | 63.4 years | 60.4 years |
Poverty Ratio (2023)  | 7.2% of total Population | 29.7% of total Population |
Unemployment Rate (2023)  | Yet to Update | 7.31% 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 Marshall Islands is [ 0.731 ] and the HDI of Egypt is [ 0.728 ].
The data shows that the people living in Marshall Islands has better income, life expectancy and education level compared to Egypt.
Indicators | Marshall Islands | Egypt |
|---|---|---|
Gross National Expenditure (2023)  | 149.2 % of GDP | 102.24 % of GDP |
Total Health Expenditure (2023)  | 12.55 % of GDP | 4.61 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | 1.02 % of GDP |
Government Expenditure on Education (2023)  | 6.98 % of GDP | 3.93 % of GDP |
International Tourism Expenditure (2023)  | 31.40 million USD | 2,578 million USD |
Number of International Tourists Arrivals (2023)  | 6,100 | 13,026,000 |
Military Expenditure (2023)  | Yet to Update | 1.06 (% of GDP) |
The total Gross National Expenditure of Marshall Islands is 149.2% of its GDP and the total Gross National Expenditure of Egypt is 102.24% of its GDP.
From the above data, we can say that Marshall Islands spends 1.46 times more of its GDP on Gross National Expenditure compared to Egypt.
Indicators | Marshall Islands | Egypt |
|---|---|---|
Number of Doctors (2023)  | 4.6 (Per 10,000 People) | 6.83 (Per 10,000 People) |
Number of Nurses (2023)  | 42.4 (Per 10,000 People) | 18.27 (Per 10,000 People) |
Number of Pharmacists (2023)  | 0.77 (Per 10,000 People) | 4.34 (Per 10,000 People) |
Available Hospital Beds (2023)  | 2.7 (Per 1000 People) | 1.43 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 81.2 % of total Population | 90.3 % of total Population |
Marshall Islands has 1.48 times less Doctors compared to Egypt (Per 10,000 People).
Marshall Islands has 2.32 times more Nurses compared to Egypt (Per 10,000 People).
Indicators | Marshall Islands | Egypt |
|---|---|---|
Agricultural Land (2023)  | 70 Sq Km | 40,310 Sq Km |
Forest Area (2023)  | 94 Sq Km | 449.8 Sq Km |
CO2 Emissions (2023)  | 0.42 kg per PPP $ of GDP | 0.13 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 38.7 % of total Population | 72.2 % of total Population |
Annual Fresh Water Withdrawals (2023)  | Yet to Update | 77.5 Billion cubic meters |
100% of the total Population of Marshall Islands has access to the electricity in their homes, whereas, in case of Egypt, 100% of the total Population has access to electricity.
Indicators | Marshall Islands | Egypt |
|---|---|---|
Time Required to Start a Business (2023)  | 17 Days | 12.5 Days |
New Businesses Registered (2023)  | 5 (New Businesses) | 18,587 (New Businesses) |
New Businesses Registration Density (2023)  | 0.19 (Per 1000 People) | 0.27 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 12.9 % of GNI Per Capita | 20.3 % of GNI Per Capita |
In the year 2023, 5 new businesses got registered in Marshall Islands and 18,587 new businesses got registered in Egypt.
It usually takes 17 days in Marshall Islands and 12.5 days in Egypt to register a new business legally and systematically.
Indicators | Marshall Islands | Egypt |
|---|---|---|
Imports of Goods and Services (2023)  | 73.67 % of GDP | 21.34 % of GDP |
Total Fuel Imports (2023)  | Yet to Update | 15.2 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 297.5 USD | 553.67 USD |
Time to Import Border Compliance (2023)  | 84 Hours | 240 Hours |
Cost to Import Documentary Compliance (2023)  | 42.5 USD | 1,000 USD |
Time to Import Documentary Compliance (2023)  | 60 Hours | 265 Hours |
Indicators | Marshall Islands | Egypt |
|---|---|---|
Exports of Goods and Services (2023)  | 46.27 % of GDP | 19.11 % of GDP |
Total Fuel Exports (2023)  | Yet to Update | 17.53 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 297.5 USD | 258 USD |
Time to Export Border Compliance (2023)  | 60 Hours | 48 Hours |
Cost to Export Documentary Compliance (2023)  | 20 USD | 100 USD |
Time to Export Documentary Compliance (2023)  | 24 Hours | 88 Hours |
Indicators | Marshall Islands | Egypt |
|---|---|---|
Gross National Savings (2023)  | 11.74 % of GDP | 12.75 % of GDP |
Tax Revenue (2023)  | 17.23 % of GDP | 12.52 % of GDP |
Taxes on Exports (2023)  | Yet to Update | 0.15 % of Tax Revenue |
Taxes on Goods and Services (2023)  | 8.39 % of Tax Revenue | 26.11 % of Tax Revenue |
Taxes on International Trade (2023)  | 5.41 % of Revenue | 4.06 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 56 Hours | 370 Hours |
Customs and Other Import Duties (2023)  | 22.34 % of Tax Revenue | 6.85 % of Tax Revenue |
The taxes charged by Marshall Islands on international trade is 5.41% of the total revenue and the taxes charged by Egypt on international trade is 4.06% of the total revenue.
The Taxes charged on International Trade by Marshall Islands is 1.33 times more of its total revenue than of Egypt.
We hope you enjoyed the detailed guide on the standard of living comparsion between Marshall Islands and Egypt.
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.
