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Pakistan vs South Korea (Standard of Living)

Published: Monday, 21th October 2024

Recently Updated: Saturday, 11th January 2025

The Standard of living in Pakistan is 2.40 times lesser as compared to South Korea.

In this page, you will find side-by-side Standard of Living comparison between Pakistan and South Korea. 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 Pakistan and South Korea.

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Economic Factors Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of pakistan
Pakistan
Image illustrating the flag of pakistan
Pictorial representation of map of south-korea
South Korea
Image illustrating the flag of south-korea
Gross Domestic Product (GDP)(2023)
Image representing the total Gross Domestic Product of any specific country
$338.237 billion USD$1.761 trillion USD
GDP Per Capita
(2023)
Image representing the total Gross Domestic Product Per Capita of any specific country
1,461 USD34,165 USD
GINI Ratio
(2023)
Image representing the total GINI Ratio or GINI Coefficient of any specific country
0.300.33
Inflation on Consumer Prices
(2023)
Image representing the Percentage of Inflation on consumer prices of any specific country
30.77 % annually3.59 % annually
Central Government Debt
(2023)
Image representing the Central Government Debt of any specific country
55 % of GDP51.2 % 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 Pakistan is $338.237 billion USD and that of South Korea is $1.761 trillion 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 Pakistan contributes less to the country's economy compared to a person working in South Korea.

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Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of pakistan
Pakistan
Image illustrating the flag of pakistan
Pictorial representation of map of south-korea
South Korea
Image illustrating the flag of south-korea
Human Development Index (HDI) (2024)
Image representing the Human Development Index of any specific country
0.5400.929
Human Capital Index (HCI) (2024)
Image representing the Human Capital Index of any specific country
0.410.8
Literacy Rate
(2023)
Image representing the Literacy Rate of any specific country
58% (15 years+ above age)98.8% (15 years+ above age)
Life Expectancy Ratio
(2023)
Image representation of Life Expectancy Ratio any given country
66 years83.5 years
Healthy Life Expectancy Ratio
(2023)
Image representation of Healthy Life Expectancy Ratio any given country
56.9 years74.5 years
Poverty Ratio
(2023)
Image representing the Poverty Rate of any specific country
21.9% of total PopulationYet to Update
Unemployment Rate
(2023)
Image representing the Unemployment Rate of any specific country
5.5% of total labor force2.64% 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 Pakistan is [ 0.540 ] and the HDI of South Korea is [ 0.929 ].

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

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Government National Expenditure Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of pakistan
Pakistan
Image illustrating the flag of pakistan
Pictorial representation of map of south-korea
South Korea
Image illustrating the flag of south-korea
Gross National Expenditure
(2023)
Image representing the total Gross National Expenditure of any specific country
107.33 % of GDP99.96 % of GDP
Total Health Expenditure
(2023)
Image representation of total Health Expenditure of any given country
2.91 % of GDP8.3 % of GDP
Research and Development Expenditure (2023)
Image representing the Government Expenditure of any specific country
0.16 % of GDP4.93 % of GDP
Government Expenditure on Education (2023)
Image representing the Government Expenditure of any specific country
1.69 % of GDP5.4 % of GDP
International Tourism Expenditure (2023)
Image representing the International Tourism Expenditure of any specific country
1,245 million USD16,705 million USD
Number of International Tourists Arrivals (2023)
Image representing the Number of International Tourists Arrival in any specific country
966,000Yet to Update
Military Expenditure
(2023)
Image representing the Military Expenditure of any specific country
2.63 % of GDP2.72 (% of GDP)

The total Gross National Expenditure of Pakistan is 107.33% of its GDP and the total Gross National Expenditure of South Korea is 99.96% of its GDP.

From the above data, we can say that Pakistan spends 1.07 times more of its GDP on Gross National Expenditure compared to South Korea.

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Health System Facilities Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of pakistan
Pakistan
Image illustrating the flag of pakistan
Pictorial representation of map of south-korea
South Korea
Image illustrating the flag of south-korea
Number of Doctors
(2023)
Visual representation of number of Doctors in any specific country
10.8
(Per 10,000 People)
2.4
(Per 10,000 People)
Number of Nurses
(2023)
Visual representation of number of Nurses in any specific country
4.69
(Per 10,000 People)
10.2
(Per 10,000 People)
Number of Pharmacists
(2023)
Visual representation of number of Pharmacists in any specific country
1.51
(Per 10,000 People)
1.7
(Per 10,000 People)
Available Hospital Beds
(2023)
Visual representation of Available Hospital Beds in any specific country
0.63
(Per 1000 People)
12.43
(Per 1000 People)
Pregnant Women Receiving Prenatal Care (2023)
Visual representation of Pregnant Women Receiving Prenatal Care in any specific country
91.2 % of total PopulationYet to Update

Pakistan has 4.50 times more Doctors compared to South Korea (Per 10,000 People).

Pakistan has 2.17 times less Nurses compared to South Korea (Per 10,000 People).

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Environmental Factors Comparison

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Indicators
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Pictorial representation of map of pakistan
Pakistan
Image illustrating the flag of pakistan
Pictorial representation of map of south-korea
South Korea
Image illustrating the flag of south-korea
Agricultural Land
(2023)
Image Depicting the total Agricultural Land available in any specific country
363,030 Sq Km16,030 Sq Km
Forest Area
(2023)
Image Depicting the total Forest Area available in any specific country
36,845.6 Sq Km62,770 Sq Km
CO2 Emissions
(2023)
Image Depicting the total CO2 Emissions from any specific country
0.16 kg per PPP $ of GDP0.24 kg per PPP $ of GDP
Access to Electricity
(2023)
Image Depicting the access of electricity in any specific country
95 % of total Population100 % of total Population
Access to Internet
(2023)
Image Depicting the access of internet in any specific country
21.04 % of total Population97.17 % of total Population
Annual Fresh Water Withdrawals (2023)
Image Depicting the annual freshwater withdrawals from any specific country
189.59 Billion cubic meters29.2 Billion cubic meters

95% of the total Population of Pakistan has access to the electricity in their homes, whereas, in case of South Korea, 100% of the total Population has access to electricity.

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Business Registration Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of pakistan
Pakistan
Image illustrating the flag of pakistan
Pictorial representation of map of south-korea
South Korea
Image illustrating the flag of south-korea
Time Required to Start a Business (2023)
Image representing Time Required to Start a Business
16.5 Days8 Days
New Businesses Registered (2023)
Image representing New Businesses Registered
26,901 (New Businesses)113,180 (New Businesses)
New Businesses Registration Density (2023)
Image representing New Businesses Registration Density
0.19 (Per 1000 People)3.09 (Per 1000 People)
Cost of Business Start-Up Procedures (2023)
Image representing Cost of Business Start-Up Procedures
6.7 % of GNI Per Capita14.6 % of GNI Per Capita

In the year 2023, 26,901 new businesses got registered in Pakistan and 113,180 new businesses got registered in South Korea.

It usually takes 16.5 days in Pakistan and 8 days in South Korea to register a new business legally and systematically.

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Import & Export Factors Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of pakistan
Pakistan
Image illustrating the flag of pakistan
Pictorial representation of map of south-korea
South Korea
Image illustrating the flag of south-korea
Imports of Goods and Services (2023)
Image representing Imports of Goods and Services
17.72 % of GDP43.94 % of GDP
Total Fuel Imports
(2023)
Image representing Total Fuel Imports
33.46 % of Merchandise Imports29.9 % of Merchandise Imports
Cost to Import Border Compliance (2023)
Image representing Cost to Import Border Compliance
287 USD 314.64 USD
Time to Import Border Compliance (2023)
Image representing Time to Import Border Compliance
120 Hours6 Hours
Cost to Import Documentary Compliance (2023)
Image representing Cost to Import documentary Compliance
130 USD 26.75 USD
Time to Import Documentary Compliance (2023)
Image representing Time to Import Documentary Compliance
96 Hours1 Hour
Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of pakistan
Pakistan
Image illustrating the flag of pakistan
Pictorial representation of map of south-korea
South Korea
Image illustrating the flag of south-korea
Exports of Goods and Services (2023)
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10.39 % of GDP44 % of GDP
Total Fuel Exports
(2023)
Image representing Total Fuel Exports
0.58 % of Merchandise Exports9.47 % of Merchandise Exports
Cost to Export Border Compliance (2023)
Image representing Cost to Export Border Compliance
288 USD184.72 USD
Time to Export Border Compliance (2023)
Image representing Time to Export Border Compliance
58 Hours13.38 Hours
Cost to Export Documentary Compliance (2023)
Image representing Cost to Export documentary Compliance
118 USD11.1 USD
Time to Export Documentary Compliance (2023)
Image representing Time to Export Documentary Compliance
55 Hours1 Hour
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Tax Factors Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of pakistan
Pakistan
Image illustrating the flag of pakistan
Pictorial representation of map of south-korea
South Korea
Image illustrating the flag of south-korea
Gross National Savings
(2023)
Image representing the total Gross National Savings of any specific country
12.95 % of GDP33.77 % of GDP
Tax Revenue
(2023)
Image representing the total tax revenue collection of any specific country
7.5 % of GDP18.44 % of GDP
Taxes on Exports
(2023)
Image representing Taxes on Exports
1.43 % of Tax RevenueYet to Update
Taxes on Goods and Services
(2023)
Image representing Taxes on Goods and Services
30.3 % of Tax Revenue16.89 % of Tax Revenue
Taxes on International Trade
(2023)
Image representing Taxes on International Trade
10.83 % of Revenue1.4 % of Revenue
Time to Prepare and Pay Taxes (2023)
Image representing Time to Prepare and Pay Taxes
283 Hours174 Hours
Customs and Other Import Duties (2023)
Image representing Customs and Other Import Duties
15.97 % of Tax Revenue2.46 % of Tax Revenue

The taxes charged by Pakistan on international trade is 10.83% of the total revenue and the taxes charged by South Korea on international trade is 1.4% of the total revenue.

The Taxes charged on International Trade by Pakistan is 7.74 times more of its total revenue than of South Korea.

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We hope you enjoyed the detailed guide on the standard of living comparsion between Pakistan and South Korea.

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