Published: Monday, 21th October 2024
The Standard of living in Nauru is 1.11 times lesser as compared to Argentina.
In this page, you will find side-by-side Standard of Living comparison between Nauru 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 Nauru and Argentina.
 Indicators  | Nauru  | Argentina  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $150 million USD | $604.260 billion USD |
GDP Per Capita (2023)  | 10,125 USD | 12,812 USD |
GINI Ratio (2023)  | 0.46 | 0.42 |
Inflation on Consumer Prices (2023)  | Yet to Update | Yet to Update |
Central Government Debt (2023)  | Yet to Update | 46.6 % 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 Nauru is $150 million 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 Nauru contributes less to the country's economy compared to a person working in Argentina.
Indicators | Nauru | Argentina |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.696 | 0.849 |
Human Capital Index (HCI) (2024)  | 0.51 | 0.6 |
Literacy Rate (2023)  | 96% (15 years+ above age) | 97.19% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 60.9 years | 74.6 years |
Healthy Life Expectancy Ratio (2023)  | 50.8 years | 64.8 years |
Poverty Ratio (2023)  | 16.8% of total Population | 39.2% of total Population |
Unemployment Rate (2023)  | Yet to Update | 6.18% 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 Nauru is [ 0.696 ] and the HDI of Argentina is [ 0.849 ].
The data shows that the people living in Nauru has lower income, life expectancy and education level compared to Argentina.
Indicators | Nauru | Argentina |
|---|---|---|
Gross National Expenditure (2023)  | Yet to Update | 102.42 % of GDP |
Total Health Expenditure (2023)  | 13.06 % of GDP | 9.71 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | 0.52 % of GDP |
Government Expenditure on Education (2023)  | 6.19 % of GDP | 4.65 % of GDP |
International Tourism Expenditure (2023)  | 7.10 million USD | 2,746 million USD |
Number of International Tourists Arrivals (2023)  | Yet to Update | 7,399,000 |
Military Expenditure (2023)  | Yet to Update | 0.41 (% of GDP) |
Indicators | Nauru | Argentina |
|---|---|---|
Number of Doctors (2023)  | 12.5 (Per 10,000 People) | 38.95 (Per 10,000 People) |
Number of Nurses (2023)  | 70.59 (Per 10,000 People) | 54.5 (Per 10,000 People) |
Number of Pharmacists (2023)  | 1.79 (Per 10,000 People) | 4.97 (Per 10,000 People) |
Available Hospital Beds (2023)  | 5 (Per 1000 People) | 4.99 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 94.5 % of total Population | 95 % of total Population |
Nauru has 3.12 times less Doctors compared to Argentina (Per 10,000 People).
Nauru has 1.30 times more Nurses compared to Argentina (Per 10,000 People).
Indicators | Nauru | Argentina |
|---|---|---|
Agricultural Land (2023)  | 4 Sq Km | 1,179,577.6 Sq Km |
Forest Area (2023)  | Yet to Update | 284,636.66 Sq Km |
CO2 Emissions (2023)  | 0.33 kg per PPP $ of GDP | 0.15 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 83.94 % of total Population | 88.38 % of total Population |
Annual Fresh Water Withdrawals (2023)  | Yet to Update | 37.69 Billion cubic meters |
100% of the total Population of Nauru has access to the electricity in their homes, whereas, in case of Argentina, 100% of the total Population has access to electricity.
Indicators | Nauru | Argentina |
|---|---|---|
Time Required to Start a Business (2023)  | Yet to Update | 11.5 Days |
New Businesses Registered (2023)  | Yet to Update | 5,667 (New Businesses) |
New Businesses Registration Density (2023)  | Yet to Update | 0.2 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | Yet to Update | 5 % of GNI Per Capita |
Indicators | Nauru | Argentina |
|---|---|---|
Imports of Goods and Services (2023)  | 113.21 % of GDP | 14.05 % of GDP |
Total Fuel Imports (2023)  | Yet to Update | 10.54 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | Yet to Update | 1,200 USD |
Time to Import Border Compliance (2023)  | Yet to Update | 60 Hours |
Cost to Import Documentary Compliance (2023)  | Yet to Update | 120 USD |
Time to Import Documentary Compliance (2023)  | Yet to Update | 166 Hours |
Indicators | Nauru | Argentina |
|---|---|---|
Exports of Goods and Services (2023)  | 54.72 % of GDP | 12.92 % of GDP |
Total Fuel Exports (2023)  | Yet to Update | 8.81 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | Yet to Update | 150 USD |
Time to Export Border Compliance (2023)  | Yet to Update | 21 Hours |
Cost to Export Documentary Compliance (2023)  | Yet to Update | 60 USD |
Time to Export Documentary Compliance (2023)  | Yet to Update | 25 Hours |
Indicators | Nauru | Argentina |
|---|---|---|
Gross National Savings (2023)  | Yet to Update | 15.13 % of GDP |
Tax Revenue (2023)  | 44.35 % of GDP | 11.15 % of GDP |
Taxes on Exports (2023)  | Yet to Update | 16.41 % of Tax Revenue |
Taxes on Goods and Services (2023)  | 0.89 % of Tax Revenue | 29.19 % of Tax Revenue |
Taxes on International Trade (2023)  | 6.15 % of Revenue | 16.57 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | Yet to Update | 311.5 Hours |
Customs and Other Import Duties (2023)  | 21.63 % of Tax Revenue | 6.62 % of Tax Revenue |
The taxes charged by Nauru on international trade is 6.15% 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 Nauru is 2.69 times less of its total revenue than of Argentina.
We hope you enjoyed the detailed guide on the standard of living comparsion between Nauru and Argentina.
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