Published: Monday, 21th October 2024
The Standard of living in North Carolina is 1.08 times better as compared to United Kingdom.
In this page, you will find side-by-side Standard of Living comparison between North Carolina and United Kingdom. We have created 20 standard-of-living indicators. We average the values and ranges of all those indicators and take a mathematically calculated approach to determine which entity has a better standard of living between North Carolina and United Kingdom.
 Indicators  | North Carolina  | United Kingdom  |
|---|---|---|
Human Development Index (HDI) (2023)  | 0.907 | 0.940 |
Literacy Rate (2023)  | 86.4 % (15 years+ above age) | 99 % (15 years+ above age) |
Life Expectancy Ratio (2023)  | 76.1 years | 80.1 years |
Poverty Ratio (2023)  | 12.8 % of total Population | 18.6 % of total Population |
Employment Rate (2023)  | 59.2 % of total labor force | 95.95 % 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 or a state. The key dimensions that give a country or a state good HDI rank are a long and healthy life, being knowledgeable and having a decent standard of living. This is expressed as a value between 0 and 1. The higher a country's or a state's human development, the higher its HDI value.
The life expectancy ratio at birth in North Carolina, is [ 76.1 years ], whereas the life expectancy ratio at birth in United Kingdom is [ 80.1 years ].
As per the data, a person born and lived in North Carolina is expected to live [ 4 years ] less than a person born and lived in United Kingdom.
Indicators | North Carolina | United Kingdom |
|---|---|---|
Gross Domestic Product (GDP) (2023)  | $794.14 billion | $4.029 trillion |
GDP Per Capita (2023)  | 72,358 USD | 58,880 USD |
GINI Ratio (2023)  | 0.47 | 0.35 |
Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country or a state in a specific time period, usually a year. It is used to gauge the economic performance of a country or a state and indicates how wealthy and productive a nation or a state is. In simple terms, GDP tells us how much a country or a state is producing and how well its economy is doing.
On the other hand, Gross Domestic Product (GDP) Per Capita is the average economic output per person in a country or a state. 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 or state.
Indicators | North Carolina | United Kingdom |
|---|---|---|
Income Tax Rates (2023)  | 4.5 % | 0% to 20% |
Sales Tax Rates (2023)  | 4.75 % | 0% to 20% |
Property Tax Rates (2023)  | 0.82 % | 0.5% to 2.0% |
Corporate Tax Rates (2023)  | 2.5 % | 19% to 25% |
Indicators | North Carolina | United Kingdom |
|---|---|---|
Access to Internet (2023)  | 86 % | 96.68 % |
Access to Electricity (2023)  | 99.9 % | 100 % |
Total Forest Area (2023)  | 74,934 Square Kilometers | 31,986.67 Square Kilometers |
Agricultural Land (2023)  | 159,000 Square Kilometers | 172,151.40 Square Kilometers |
We hope you enjoyed the detailed guide on the standard of living comparsion between North Carolina and United Kingdom.
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.
