Published: Monday, 21th October 2024
The Standard of living in Portugal is 1.63 times better as compared to Marshall Islands.
In this page, you will find side-by-side Standard of Living comparison between Portugal and Marshall Islands. 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 Portugal and Marshall Islands.
 Indicators  | Portugal  | Marshall Islands  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $298.949 billion USD | $220 million USD |
GDP Per Capita (2023)  | 28,969 USD | 3,866 USD |
GINI Ratio (2023)  | 0.34 | 0.51 |
Inflation on Consumer Prices (2023)  | 4.31 % annually | Yet to Update |
Central Government Debt (2023)  | 5.7 % of GDP | 41.7 % 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 Portugal is $298.949 billion USD and that of Marshall Islands is $220 million 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 Portugal contributes more to the country's economy compared to a person working in Marshall Islands.
Indicators | Portugal | Marshall Islands |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.874 | 0.731 |
Human Capital Index (HCI) (2024)  | 0.77 | 0.42 |
Literacy Rate (2023)  | 96.78% (15 years+ above age) | 98.27% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 81.2 years | 72.5 years |
Healthy Life Expectancy Ratio (2023)  | 69.5 years | 63.4 years |
Poverty Ratio (2023)  | 16.4% of total Population | 7.2% of total Population |
Unemployment Rate (2023)  | 6.49% 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 Portugal is [ 0.874 ] and the HDI of Marshall Islands is [ 0.731 ].
The data shows that the people living in Portugal has better income, life expectancy and education level compared to Marshall Islands.
Indicators | Portugal | Marshall Islands |
|---|---|---|
Gross National Expenditure (2023)  | 99.17 % of GDP | 149.2 % of GDP |
Total Health Expenditure (2023)  | 11.14 % of GDP | 12.55 % of GDP |
Research and Development Expenditure (2023)  | 1.73 % of GDP | Yet to Update |
Government Expenditure on Education (2023)  | 4.61 % of GDP | 6.98 % of GDP |
International Tourism Expenditure (2023)  | 3,536 million USD | 31.40 million USD |
Number of International Tourists Arrivals (2023)  | 4,208,000 | 6,100 |
Military Expenditure (2023)  | 1.35 % of GDP | Yet to Update |
The total Gross National Expenditure of Portugal is 99.17% of its GDP and the total Gross National Expenditure of Marshall Islands is 149.2% of its GDP.
From the above data, we can say that Portugal spends 1.50 times less of its GDP on Gross National Expenditure compared to Marshall Islands.
Indicators | Portugal | Marshall Islands |
|---|---|---|
Number of Doctors (2023)  | 57.7 (Per 10,000 People) | 4.6 (Per 10,000 People) |
Number of Nurses (2023)  | 77.9 (Per 10,000 People) | 42.4 (Per 10,000 People) |
Number of Pharmacists (2023)  | 9.84 (Per 10,000 People) | 0.77 (Per 10,000 People) |
Available Hospital Beds (2023)  | 3.45 (Per 1000 People) | 2.7 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 100 % of total Population | 81.2 % of total Population |
Portugal has 12.54 times more Doctors compared to Marshall Islands (Per 10,000 People).
Portugal has 1.84 times more Nurses compared to Marshall Islands (Per 10,000 People).
Indicators | Portugal | Marshall Islands |
|---|---|---|
Agricultural Land (2023)  | 39,622.96 Sq Km | 70 Sq Km |
Forest Area (2023)  | 33,120 Sq Km | 94 Sq Km |
CO2 Emissions (2023)  | 0.11 kg per PPP $ of GDP | 0.42 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 84.5 % of total Population | 38.7 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 6.13 Billion cubic meters | Yet to Update |
100% of the total Population of Portugal has access to the electricity in their homes, whereas, in case of Marshall Islands, 100% of the total Population has access to electricity.
Indicators | Portugal | Marshall Islands |
|---|---|---|
Time Required to Start a Business (2023)  | 6.5 Days | 17 Days |
New Businesses Registered (2023)  | 46,119 (New Businesses) | 5 (New Businesses) |
New Businesses Registration Density (2023)  | 6.95 (Per 1000 People) | 0.19 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 1.9 % of GNI Per Capita | 12.9 % of GNI Per Capita |
In the year 2023, 46,119 new businesses got registered in Portugal and 5 new businesses got registered in Marshall Islands.
It usually takes 6.5 days in Portugal and 17 days in Marshall Islands to register a new business legally and systematically.
Indicators | Portugal | Marshall Islands |
|---|---|---|
Imports of Goods and Services (2023)  | 46.61 % of GDP | 73.67 % of GDP |
Total Fuel Imports (2023)  | 11.65 % of Merchandise Imports | Yet to Update |
Cost to Import Border Compliance (2023)  | Yet to Update | 297.5 USD |
Time to Import Border Compliance (2023)  | Yet to Update | 84 Hours |
Cost to Import Documentary Compliance (2023)  | Yet to Update | 42.5 USD |
Time to Import Documentary Compliance (2023)  | 0.5 Hour | 60 Hours |
Indicators | Portugal | Marshall Islands |
|---|---|---|
Exports of Goods and Services (2023)  | 47.44 % of GDP | 46.27 % of GDP |
Total Fuel Exports (2023)  | 6.61 % of Merchandise Exports | Yet to Update |
Cost to Export Border Compliance (2023)  | Yet to Update | 297.5 USD |
Time to Export Border Compliance (2023)  | Yet to Update | 60 Hours |
Cost to Export Documentary Compliance (2023)  | Yet to Update | 20 USD |
Time to Export Documentary Compliance (2023)  | 0.5 Hour | 24 Hours |
Indicators | Portugal | Marshall Islands |
|---|---|---|
Gross National Savings (2023)  | 20.52 % of GDP | 11.74 % of GDP |
Tax Revenue (2023)  | 23.05 % of GDP | 17.23 % of GDP |
Taxes on Exports (2023)  | 0.03 % of Tax Revenue | Yet to Update |
Taxes on Goods and Services (2023)  | 31.8 % of Tax Revenue | 8.39 % of Tax Revenue |
Taxes on International Trade (2023)  | 0.0002 % of Revenue | 5.41 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 243 Hours | 56 Hours |
Customs and Other Import Duties (2023)  | 0.0004 % of Tax Revenue | 22.34 % of Tax Revenue |
The taxes charged by Portugal on international trade is 0.0002% of the total revenue and the taxes charged by Marshall Islands on international trade is 5.41% of the total revenue.
The Taxes charged on International Trade by Portugal is 27050.00 times less of its total revenue than of Marshall Islands.
We hope you enjoyed the detailed guide on the standard of living comparsion between Portugal and Marshall Islands.
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