Published: Monday, 21th October 2024
The Standard of living in Qatar is 2.60 times better as compared to Sri Lanka.
In this page, you will find side-by-side Standard of Living comparison between Qatar and Sri Lanka. 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 Qatar and Sri Lanka.
 Indicators  | Qatar  | Sri Lanka  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $235.500 billion USD | $73.7 billion USD |
GDP Per Capita (2023)  | 81,968 USD | 3,293 USD |
GINI Ratio (2023)  | 0.41 | 0.40 |
Inflation on Consumer Prices (2023)  | 3.03 % annually | 16.54 % annually |
Central Government Debt (2023)  | Yet to Update | 73.5 % 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 Qatar is $235.500 billion USD and that of Sri Lanka is $73.7 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 Qatar contributes more to the country's economy compared to a person working in Sri Lanka.
Indicators | Qatar | Sri Lanka |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.875 | 0.780 |
Human Capital Index (HCI) (2024)  | 0.64 | 0.6 |
Literacy Rate (2023)  | 97.75% (15 years+ above age) | 92.49% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 76.7 years | 77.2 years |
Healthy Life Expectancy Ratio (2023)  | 66.2 years | 66.7 years |
Poverty Ratio (2023)  | Yet to Update | 14.3% of total Population |
Unemployment Rate (2023)  | 0.13% of total labor force | 6.36% 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 Qatar is [ 0.875 ] and the HDI of Sri Lanka is [ 0.780 ].
The data shows that the people living in Qatar has better income, life expectancy and education level compared to Sri Lanka.
Indicators | Qatar | Sri Lanka |
|---|---|---|
Gross National Expenditure (2023)  | 63.03 % of GDP | 101.49 % of GDP |
Total Health Expenditure (2023)  | 2.89 % of GDP | 4.07 % of GDP |
Research and Development Expenditure (2023)  | 0.68 % of GDP | 0.12 % of GDP |
Government Expenditure on Education (2023)  | 3.23 % of GDP | 1.2 % of GDP |
International Tourism Expenditure (2023)  | 11,504 million USD | 803 million USD |
Number of International Tourists Arrivals (2023)  | 582,000 | 540,000 |
Military Expenditure (2023)  | 6.96 % of GDP | 1.43 (% of GDP) |
The total Gross National Expenditure of Qatar is 63.03% of its GDP and the total Gross National Expenditure of Sri Lanka is 101.49% of its GDP.
From the above data, we can say that Qatar spends 1.61 times less of its GDP on Gross National Expenditure compared to Sri Lanka.
Indicators | Qatar | Sri Lanka |
|---|---|---|
Number of Doctors (2023)  | 24.99 (Per 10,000 People) | 11.9 (Per 10,000 People) |
Number of Nurses (2023)  | 72.4 (Per 10,000 People) | 24.4 (Per 10,000 People) |
Number of Pharmacists (2023)  | 8.94 (Per 10,000 People) | 1.06 (Per 10,000 People) |
Available Hospital Beds (2023)  | 1.25 (Per 1000 People) | 4.15 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 90.8 % of total Population | 98.8 % of total Population |
Qatar has 2.10 times more Doctors compared to Sri Lanka (Per 10,000 People).
Qatar has 2.97 times more Nurses compared to Sri Lanka (Per 10,000 People).
Indicators | Qatar | Sri Lanka |
|---|---|---|
Agricultural Land (2023)  | 740 Sq Km | 28,120 Sq Km |
Forest Area (2023)  | Yet to Update | 21,098.6 Sq Km |
CO2 Emissions (2023)  | 0.38 kg per PPP $ of GDP | 0.08 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 100 % of total Population | 44.45 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.25 Billion cubic meters | 12.95 Billion cubic meters |
100% of the total Population of Qatar has access to the electricity in their homes, whereas, in case of Sri Lanka, 100% of the total Population has access to electricity.
Indicators | Qatar | Sri Lanka |
|---|---|---|
Time Required to Start a Business (2023)  | 8.7 Days | 8 Days |
New Businesses Registered (2023)  | 14,824 (New Businesses) | 17,447 (New Businesses) |
New Businesses Registration Density (2023)  | 6.31 (Per 1000 People) | 1.2 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 6.3 % of GNI Per Capita | 8.7 % of GNI Per Capita |
In the year 2023, 14,824 new businesses got registered in Qatar and 17,447 new businesses got registered in Sri Lanka.
It usually takes 8.7 days in Qatar and 8 days in Sri Lanka to register a new business legally and systematically.
Indicators | Qatar | Sri Lanka |
|---|---|---|
Imports of Goods and Services (2023)  | 31.61 % of GDP | 21.89 % of GDP |
Total Fuel Imports (2023)  | 1.72 % of Merchandise Imports | 24.84 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 557.78 USD | 299.67 USD |
Time to Import Border Compliance (2023)  | 48 Hours | 72 Hours |
Cost to Import Documentary Compliance (2023)  | 290 USD | 282.78 USD |
Time to Import Documentary Compliance (2023)  | 72 Hours | 48 Hours |
Indicators | Qatar | Sri Lanka |
|---|---|---|
Exports of Goods and Services (2023)  | 68.58 % of GDP | 20.39 % of GDP |
Total Fuel Exports (2023)  | 87.29 % of Merchandise Exports | 3.23 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 381.67 USD | 366.11 USD |
Time to Export Border Compliance (2023)  | 24.5 Hours | 43 Hours |
Cost to Export Documentary Compliance (2023)  | 150 USD | 57.58 USD |
Time to Export Documentary Compliance (2023)  | 9.78 Hours | 48 Hours |
Indicators | Qatar | Sri Lanka |
|---|---|---|
Gross National Savings (2023)  | 57.43 % of GDP | 27.23 % of GDP |
Tax Revenue (2023)  | Yet to Update | 7.28 % of GDP |
Taxes on Exports (2023)  | Yet to Update | 0.13 % of Tax Revenue |
Taxes on Goods and Services (2023)  | Yet to Update | 43.37 % of Tax Revenue |
Taxes on International Trade (2023)  | Yet to Update | 17.1 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 41 Hours | 129 Hours |
Customs and Other Import Duties (2023)  | Yet to Update | 19.53 % of Tax Revenue |
We hope you enjoyed the detailed guide on the standard of living comparsion between Qatar and Sri Lanka.
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