Published: Monday, 21th October 2024
The Standard of living in Saint Lucia is 1.04 times lesser as compared to Argentina.
In this page, you will find side-by-side Standard of Living comparison between Saint Lucia and Argentina. 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 Saint Lucia and Argentina.
 Indicators  | Saint Lucia  | Argentina  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $2.469 billion USD | $604.260 billion USD |
GDP Per Capita (2023)  | 13,572 USD | 12,812 USD |
GINI Ratio (2023)  | 0.51 | 0.42 |
Inflation on Consumer Prices (2023)  | 4.07 % annually | Yet to Update |
Central Government Debt (2023)  | 45.9 % of GDP | 46.6 % 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 Saint Lucia is $2.469 billion USD and that of Argentina is $604.260 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 Saint Lucia contributes more to the country's economy compared to a person working in Argentina.
Indicators | Saint Lucia | Argentina |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.725 | 0.849 |
Human Capital Index (HCI) (2024)  | 0.6 | 0.6 |
Literacy Rate (2023)  | 96% (15 years+ above age) | 97.19% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 71.1 years | 74.6 years |
Healthy Life Expectancy Ratio (2023)  | 61.8 years | 64.8 years |
Poverty Ratio (2023)  | 25% of total Population | 39.2% of total Population |
Unemployment Rate (2023)  | 11.09% of total labor force | 6.18% 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 Saint Lucia is [ 0.725 ] and the HDI of Argentina is [ 0.849 ].
The data shows that the people living in Saint Lucia has lower income, life expectancy and education level compared to Argentina.
Indicators | Saint Lucia | Argentina |
|---|---|---|
Gross National Expenditure (2023)  | Yet to Update | 102.42 % of GDP |
Total Health Expenditure (2023)  | 6.21 % of GDP | 9.71 % of GDP |
Research and Development Expenditure (2023)  | 0.27 % of GDP | 0.52 % of GDP |
Government Expenditure on Education (2023)  | 4.2 % of GDP | 4.65 % of GDP |
International Tourism Expenditure (2023)  | 28 million USD | 2,746 million USD |
Number of International Tourists Arrivals (2023)  | 432,500 | 7,399,000 |
Military Expenditure (2023)  | Yet to Update | 0.41 (% of GDP) |
Indicators | Saint Lucia | Argentina |
|---|---|---|
Number of Doctors (2023)  | 6.5 (Per 10,000 People) | 38.95 (Per 10,000 People) |
Number of Nurses (2023)  | 32.22 (Per 10,000 People) | 54.5 (Per 10,000 People) |
Number of Pharmacists (2023)  | 4.46 (Per 10,000 People) | 4.97 (Per 10,000 People) |
Available Hospital Beds (2023)  | 1.3 (Per 1000 People) | 4.99 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 96.9 % of total Population | 95 % of total Population |
Saint Lucia has 5.99 times less Doctors compared to Argentina (Per 10,000 People).
Saint Lucia has 1.69 times less Nurses compared to Argentina (Per 10,000 People).
Indicators | Saint Lucia | Argentina |
|---|---|---|
Agricultural Land (2023)  | 99.4 Sq Km | 1,179,577.6 Sq Km |
Forest Area (2023)  | 207.7 Sq Km | 284,636.66 Sq Km |
CO2 Emissions (2023)  | 0.19 kg per PPP $ of GDP | 0.15 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 78.1 % of total Population | 88.38 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.04 Billion cubic meters | 37.69 Billion cubic meters |
100% of the total Population of Saint Lucia has access to the electricity in their homes, whereas, in case of Argentina, 100% of the total Population has access to electricity.
Indicators | Saint Lucia | Argentina |
|---|---|---|
Time Required to Start a Business (2023)  | 11 Days | 11.5 Days |
New Businesses Registered (2023)  | 244 (New Businesses) | 5,667 (New Businesses) |
New Businesses Registration Density (2023)  | 1.88 (Per 1000 People) | 0.2 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 17 % of GNI Per Capita | 5 % of GNI Per Capita |
In the year 2023, 244 new businesses got registered in Saint Lucia and 5,667 new businesses got registered in Argentina.
It usually takes 11 days in Saint Lucia and 11.5 days in Argentina to register a new business legally and systematically.
Indicators | Saint Lucia | Argentina |
|---|---|---|
Imports of Goods and Services (2023)  | Yet to Update | 14.05 % of GDP |
Total Fuel Imports (2023)  | 11.42 % of Merchandise Imports | 10.54 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 842.05 USD | 1,200 USD |
Time to Import Border Compliance (2023)  | 26.57 Hours | 60 Hours |
Cost to Import Documentary Compliance (2023)  | 97.5 USD | 120 USD |
Time to Import Documentary Compliance (2023)  | 14.07 Hours | 166 Hours |
Indicators | Saint Lucia | Argentina |
|---|---|---|
Exports of Goods and Services (2023)  | Yet to Update | 12.92 % of GDP |
Total Fuel Exports (2023)  | 3.4 % of Merchandise Exports | 8.81 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 717.5 USD | 150 USD |
Time to Export Border Compliance (2023)  | 27 Hours | 21 Hours |
Cost to Export Documentary Compliance (2023)  | 62.5 USD | 60 USD |
Time to Export Documentary Compliance (2023)  | 19 Hours | 25 Hours |
Indicators | Saint Lucia | Argentina |
|---|---|---|
Gross National Savings (2023)  | Yet to Update | 15.13 % of GDP |
Tax Revenue (2023)  | 18.23 % of GDP | 11.15 % of GDP |
Taxes on Exports (2023)  | Yet to Update | 16.41 % of Tax Revenue |
Taxes on Goods and Services (2023)  | 34.8 % of Tax Revenue | 29.19 % of Tax Revenue |
Taxes on International Trade (2023)  | 29.18 % of Revenue | 16.57 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 110 Hours | 311.5 Hours |
Customs and Other Import Duties (2023)  | 0.61 % of Tax Revenue | 6.62 % of Tax Revenue |
The taxes charged by Saint Lucia on international trade is 29.18% of the total revenue and the taxes charged by Argentina on international trade is 16.57% of the total revenue.
The Taxes charged on International Trade by Saint Lucia is 1.76 times more of its total revenue than of Argentina.
We hope you enjoyed the detailed guide on the standard of living comparsion between Saint Lucia and Argentina.
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