Published: Monday, 21th October 2024
The Standard of living in Republic of the Congo is 1.49 times lesser as compared to Bolivia.
In this page, you will find side-by-side Standard of Living comparison between Republic of the Congo and Bolivia. 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 Republic of the Congo and Bolivia.
 Indicators  | Republic of the Congo  | Bolivia  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $14.407 billion USD | $46.796 billion USD |
GDP Per Capita (2023)  | 2,857 USD | 3,857 USD |
GINI Ratio (2023)  | 0.40 | 0.42 |
Inflation on Consumer Prices (2023)  | 4.3 % annually | 2.58 % annually |
Central Government Debt (2023)  | 25.5 % of GDP | 68.3 % 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 Republic of the Congo is $14.407 billion USD and that of Bolivia is $46.796 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 Republic of the Congo contributes less to the country's economy compared to a person working in Bolivia.
Indicators | Republic of the Congo | Bolivia |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.593 | 0.698 |
Human Capital Index (HCI) (2024)  | 0.42 | Yet to Update |
Literacy Rate (2023)  | 80.61% (15 years+ above age) | 93.85% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 63.2 years | 65.4 years |
Healthy Life Expectancy Ratio (2023)  | 54.8 years | 57.4 years |
Poverty Ratio (2023)  | 40.9% of total Population | 39% of total Population |
Unemployment Rate (2023)  | 20.05% of total labor force | 3.08% 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 Republic of the Congo is [ 0.593 ] and the HDI of Bolivia is [ 0.698 ].
The data shows that the people living in Republic of the Congo has lower income, life expectancy and education level compared to Bolivia.
Indicators | Republic of the Congo | Bolivia |
|---|---|---|
Gross National Expenditure (2023)  | 82.42 % of GDP | 102.53 % of GDP |
Total Health Expenditure (2023)  | 3.88 % of GDP | 8.16 % of GDP |
Research and Development Expenditure (2023)  | 0.41 % of GDP | 0.16 % of GDP |
Government Expenditure on Education (2023)  | 2.95 % of GDP | 7.74 % of GDP |
International Tourism Expenditure (2023)  | 457 million USD | 325 million USD |
Number of International Tourists Arrivals (2023)  | 158,000 | 323,300 |
Military Expenditure (2023)  | 1.85 % of GDP | 1.48 (% of GDP) |
The total Gross National Expenditure of Republic of the Congo is 82.42% of its GDP and the total Gross National Expenditure of Bolivia is 102.53% of its GDP.
From the above data, we can say that Republic of the Congo spends 1.24 times less of its GDP on Gross National Expenditure compared to Bolivia.
Indicators | Republic of the Congo | Bolivia |
|---|---|---|
Number of Doctors (2023)  | 1 (Per 10,000 People) | 12.7 (Per 10,000 People) |
Number of Nurses (2023)  | 9.3 (Per 10,000 People) | 16.1 (Per 10,000 People) |
Number of Pharmacists (2023)  | 0.29 (Per 10,000 People) | 2.39 (Per 10,000 People) |
Available Hospital Beds (2023)  | 1.6 (Per 1000 People) | 1.29 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 93.5 % of total Population | 95.6 % of total Population |
Republic of the Congo has 12.70 times less Doctors compared to Bolivia (Per 10,000 People).
Republic of the Congo has 1.73 times less Nurses compared to Bolivia (Per 10,000 People).
Indicators | Republic of the Congo | Bolivia |
|---|---|---|
Agricultural Land (2023)  | 106,780 Sq Km | 381,193.66 Sq Km |
Forest Area (2023)  | 219,310 Sq Km | 506,207.72 Sq Km |
CO2 Emissions (2023)  | 0.26 kg per PPP $ of GDP | 0.19 kg per PPP $ of GDP |
Access to Electricity (2023)  | 50.6 % of total Population | 99.9 % of total Population |
Access to Internet (2023)  | 8.65 % of total Population | 65.98 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.05 Billion cubic meters | 2.09 Billion cubic meters |
50.6% of the total Population of Republic of the Congo has access to the electricity in their homes, whereas, in case of Bolivia, 99.9% of the total Population has access to electricity.
Indicators | Republic of the Congo | Bolivia |
|---|---|---|
Time Required to Start a Business (2023)  | 49.5 Days | 39.5 Days |
New Businesses Registered (2023)  | 132 (New Businesses) | 3,189 (New Businesses) |
New Businesses Registration Density (2023)  | 0.04 (Per 1000 People) | 0.42 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 62.2 % of GNI Per Capita | 37.3 % of GNI Per Capita |
In the year 2023, 132 new businesses got registered in Republic of the Congo and 3,189 new businesses got registered in Bolivia.
It usually takes 49.5 days in Republic of the Congo and 39.5 days in Bolivia to register a new business legally and systematically.
Indicators | Republic of the Congo | Bolivia |
|---|---|---|
Imports of Goods and Services (2023)  | 39.31 % of GDP | 31.57 % of GDP |
Total Fuel Imports (2023)  | 4.26 % of Merchandise Imports | 26.39 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 1,580.56 USD | 315 USD |
Time to Import Border Compliance (2023)  | 397.33 Hours | 114 Hours |
Cost to Import Documentary Compliance (2023)  | 310 USD | 30 USD |
Time to Import Documentary Compliance (2023)  | 208 Hours | 72 Hours |
Indicators | Republic of the Congo | Bolivia |
|---|---|---|
Exports of Goods and Services (2023)  | 56.9 % of GDP | 27.28 % of GDP |
Total Fuel Exports (2023)  | 55.09 % of Merchandise Exports | 19.74 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 1,975 USD | 65 USD |
Time to Export Border Compliance (2023)  | 276 Hours | 48 Hours |
Cost to Export Documentary Compliance (2023)  | 165 USD | 25 USD |
Time to Export Documentary Compliance (2023)  | 120 Hours | 144 Hours |
Indicators | Republic of the Congo | Bolivia |
|---|---|---|
Gross National Savings (2023)  | 38.85 % of GDP | 13.48 % of GDP |
Tax Revenue (2023)  | 6.51 % of GDP | 16.96 % of GDP |
Taxes on Exports (2023)  | 1.56 % of Tax Revenue | 1.07 % of Tax Revenue |
Taxes on Goods and Services (2023)  | 13.8 % of Tax Revenue | 49.31 % of Tax Revenue |
Taxes on International Trade (2023)  | 6.64 % of Revenue | 3.34 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 602 Hours | 1025 Hours |
Customs and Other Import Duties (2023)  | 18.77 % of Tax Revenue | 5.13 % of Tax Revenue |
The taxes charged by Republic of the Congo on international trade is 6.64% of the total revenue and the taxes charged by Bolivia on international trade is 3.34% of the total revenue.
The Taxes charged on International Trade by Republic of the Congo is 1.99 times more of its total revenue than of Bolivia.
We hope you enjoyed the detailed guide on the standard of living comparsion between Republic of the Congo and Bolivia.
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