Published: Monday, 21th October 2024
The Standard of living in Mexico is 3.44 times lesser as compared to Liechtenstein.
In this page, you will find side-by-side Standard of Living comparison between Mexico and Liechtenstein. 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 Mexico and Liechtenstein.
 Indicators  | Mexico  | Liechtenstein  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $2.017 trillion USD | $6.872 billion USD |
GDP Per Capita (2023)  | 15,249 USD | 180,000 USD |
GINI Ratio (2023)  | 0.42 | 0.28 |
Inflation on Consumer Prices (2023)  | 5.53 % annually | Yet to Update |
Central Government Debt (2023)  | 44 % 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 Mexico is $2.017 trillion USD and that of Liechtenstein is $6.872 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 Mexico contributes less to the country's economy compared to a person working in Liechtenstein.
Indicators | Mexico | Liechtenstein |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.781 | 0.942 |
Human Capital Index (HCI) (2024)  | 0.61 | Yet to Update |
Literacy Rate (2023)  | 95.25% (15 years+ above age) | 100% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 70.8 years | 82.4 years |
Healthy Life Expectancy Ratio (2023)  | 61.4 years | 73.9 years |
Poverty Ratio (2023)  | 36.3% of total Population | Yet to Update |
Unemployment Rate (2023)  | 2.81% 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 Mexico is [ 0.781 ] and the HDI of Liechtenstein is [ 0.942 ].
The data shows that the people living in Mexico has lower income, life expectancy and education level compared to Liechtenstein.
Indicators | Mexico | Liechtenstein |
|---|---|---|
Gross National Expenditure (2023)  | 106.14 % of GDP | Yet to Update |
Total Health Expenditure (2023)  | 6.08 % of GDP | 6.9 % of GDP |
Research and Development Expenditure (2023)  | 0.27 % of GDP | Yet to Update |
Government Expenditure on Education (2023)  | 4.63 % of GDP | 2.56 % of GDP |
International Tourism Expenditure (2023)  | 4,286 million USD | Yet to Update |
Number of International Tourists Arrivals (2023)  | 51,128,000 | 58,400 |
Military Expenditure (2023)  | 0.61 % of GDP | Yet to Update |
Indicators | Mexico | Liechtenstein |
|---|---|---|
Number of Doctors (2023)  | 25.6 (Per 10,000 People) | 2.5 (Per 10,000 People) |
Number of Nurses (2023)  | 29.9 (Per 10,000 People) | 12.1 (Per 10,000 People) |
Number of Pharmacists (2023)  | Yet to Update | 1.8 (Per 10,000 People) |
Available Hospital Beds (2023)  | 0.98 (Per 1000 People) | Yet to Update |
Pregnant Women Receiving Prenatal Care (2023)  | 98.5 % of total Population | Yet to Update |
Mexico has 10.24 times more Doctors compared to Liechtenstein (Per 10,000 People).
Mexico has 2.47 times more Nurses compared to Liechtenstein (Per 10,000 People).
Indicators | Mexico | Liechtenstein |
|---|---|---|
Agricultural Land (2023)  | 971,260 Sq Km | 51.7 Sq Km |
Forest Area (2023)  | 655,643.2 Sq Km | 67 Sq Km |
CO2 Emissions (2023)  | 0.16 kg per PPP $ of GDP | Yet to Update |
Access to Electricity (2023)  | 100 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 75.63 % of total Population | 95.57 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 89.55 Billion cubic meters | Yet to Update |
100% of the total Population of Mexico has access to the electricity in their homes, whereas, in case of Liechtenstein, 100% of the total Population has access to electricity.
Indicators | Mexico | Liechtenstein |
|---|---|---|
Time Required to Start a Business (2023)  | 8.4 Days | 46 Days |
New Businesses Registered (2023)  | 75,242 (New Businesses) | 505 (New Businesses) |
New Businesses Registration Density (2023)  | 0.88 (Per 1000 People) | 19.41 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 15.2 % of GNI Per Capita | 2.2 % of GNI Per Capita |
In the year 2023, 75,242 new businesses got registered in Mexico and 505 new businesses got registered in Liechtenstein.
It usually takes 8.4 days in Mexico and 46 days in Liechtenstein to register a new business legally and systematically.
Indicators | Mexico | Liechtenstein |
|---|---|---|
Imports of Goods and Services (2023)  | 37.92 % of GDP | Yet to Update |
Total Fuel Imports (2023)  | 6.9 % of Merchandise Imports | Yet to Update |
Cost to Import Border Compliance (2023)  | 450 USD | 115 USD |
Time to Import Border Compliance (2023)  | 44.22 Hours | 1 Hour |
Cost to Import Documentary Compliance (2023)  | 100 USD | 27 USD |
Time to Import Documentary Compliance (2023)  | 17.56 Hours | 1.5 Hours |
Indicators | Mexico | Liechtenstein |
|---|---|---|
Exports of Goods and Services (2023)  | 36.2 % of GDP | Yet to Update |
Total Fuel Exports (2023)  | 5.47 % of Merchandise Exports | Yet to Update |
Cost to Export Border Compliance (2023)  | 400 USD | 115 USD |
Time to Export Border Compliance (2023)  | 20.39 Hours | 1 Hour |
Cost to Export Documentary Compliance (2023)  | 60 USD | 27 USD |
Time to Export Documentary Compliance (2023)  | 8 Hours | 1.5 Hours |
Indicators | Mexico | Liechtenstein |
|---|---|---|
Gross National Savings (2023)  | 19.68 % of GDP | Yet to Update |
Tax Revenue (2023)  | 13.44 % of GDP | Yet to Update |
Taxes on Exports (2023)  | 0.000001 % of Tax Revenue | Yet to Update |
Taxes on Goods and Services (2023)  | 26.3 % of Tax Revenue | Yet to Update |
Taxes on International Trade (2023)  | 1.69 % of Revenue | Yet to Update |
Time to Prepare and Pay Taxes (2023)  | 240.5 Hours | 49 Hours |
Customs and Other Import Duties (2023)  | 2.42 % of Tax Revenue | Yet to Update |
We hope you enjoyed the detailed guide on the standard of living comparsion between Mexico and Liechtenstein.
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.
