Published: Monday, 21th October 2024
The Standard of living in San Marino is 4.76 times better as compared to Burkina Faso.
In this page, you will find side-by-side Standard of Living comparison between San Marino and Burkina Faso. 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 San Marino and Burkina Faso.
 Indicators  | San Marino  | Burkina Faso  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $2.034 billion USD | $20.785 billion USD |
GDP Per Capita (2023)  | 59,405 USD | 888 USD |
GINI Ratio (2023)  | 0.35 | 0.39 |
Inflation on Consumer Prices (2023)  | 1.05 % annually | 0.74 % annually |
Central Government Debt (2023)  | 95.1 % of GDP | 62.5 % 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 San Marino is $2.034 billion USD and that of Burkina Faso is $20.785 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 San Marino contributes more to the country's economy compared to a person working in Burkina Faso.
Indicators | San Marino | Burkina Faso |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.867 | 0.438 |
Human Capital Index (HCI) (2024)  | Yet to Update | 0.38 |
Literacy Rate (2023)  | 99.91% (15 years+ above age) | 34.49% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 83.4 years | 62.3 years |
Healthy Life Expectancy Ratio (2023)  | 73.9 years | 54.6 years |
Poverty Ratio (2023)  | Yet to Update | 43.2% of total Population |
Unemployment Rate (2023)  | Yet to Update | 5.29% 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 San Marino is [ 0.867 ] and the HDI of Burkina Faso is [ 0.438 ].
The data shows that the people living in San Marino has better income, life expectancy and education level compared to Burkina Faso.
Indicators | San Marino | Burkina Faso |
|---|---|---|
Gross National Expenditure (2023)  | 73.84 % of GDP | 107.1 % of GDP |
Total Health Expenditure (2023)  | 9.5 % of GDP | 6.38 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | 0.25 % of GDP |
Government Expenditure on Education (2023)  | 3.11 % of GDP | 5.28 % of GDP |
International Tourism Expenditure (2023)  | Yet to Update | 185.20 million USD |
Number of International Tourists Arrivals (2023)  | 1,904,000 | 67,000 |
Military Expenditure (2023)  | Yet to Update | 3.09 (% of GDP) |
The total Gross National Expenditure of San Marino is 73.84% of its GDP and the total Gross National Expenditure of Burkina Faso is 107.1% of its GDP.
From the above data, we can say that San Marino spends 1.45 times less of its GDP on Gross National Expenditure compared to Burkina Faso.
Indicators | San Marino | Burkina Faso |
|---|---|---|
Number of Doctors (2023)  | 35.3 (Per 10,000 People) | 1 (Per 10,000 People) |
Number of Nurses (2023)  | 71.1 (Per 10,000 People) | 9.2 (Per 10,000 People) |
Number of Pharmacists (2023)  | 5.3 (Per 10,000 People) | 0.31 (Per 10,000 People) |
Available Hospital Beds (2023)  | 3.8 (Per 1000 People) | 0.4 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | Yet to Update | 80.2 % of total Population |
San Marino has 35.30 times more Doctors compared to Burkina Faso (Per 10,000 People).
San Marino has 7.73 times more Nurses compared to Burkina Faso (Per 10,000 People).
Indicators | San Marino | Burkina Faso |
|---|---|---|
Agricultural Land (2023)  | 23 Sq Km | 127,400 Sq Km |
Forest Area (2023)  | 10 Sq Km | 61,664 Sq Km |
CO2 Emissions (2023)  | Yet to Update | 0.11 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 19.5 % of total Population |
Access to Internet (2023)  | 74.86 % of total Population | 21.58 % of total Population |
Annual Fresh Water Withdrawals (2023)  | Yet to Update | 0.82 Billion cubic meters |
100% of the total Population of San Marino has access to the electricity in their homes, whereas, in case of Burkina Faso, 19.5% of the total Population has access to electricity.
Indicators | San Marino | Burkina Faso |
|---|---|---|
Time Required to Start a Business (2023)  | 11.5 Days | 13 Days |
New Businesses Registered (2023)  | Yet to Update | 3,416 (New Businesses) |
New Businesses Registration Density (2023)  | Yet to Update | 0.32 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 8.8 % of GNI Per Capita | 42.8 % of GNI Per Capita |
It usually takes 11.5 days in San Marino and 13 days in Burkina Faso to register a new business legally and systematically.
Indicators | San Marino | Burkina Faso |
|---|---|---|
Imports of Goods and Services (2023)  | 158.16 % of GDP | 35.96 % of GDP |
Total Fuel Imports (2023)  | Yet to Update | 39.58 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 50 USD | 264.5 USD |
Time to Import Border Compliance (2023)  | 4 Hours | 102 Hours |
Cost to Import Documentary Compliance (2023)  | 100 USD | 196.5 USD |
Time to Import Documentary Compliance (2023)  | 2.5 Hours | 96 Hours |
Indicators | San Marino | Burkina Faso |
|---|---|---|
Exports of Goods and Services (2023)  | 184.31 % of GDP | 28.86 % of GDP |
Total Fuel Exports (2023)  | Yet to Update | 0.02 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | Yet to Update | 261 USD |
Time to Export Border Compliance (2023)  | Yet to Update | 74.5 Hours |
Cost to Export Documentary Compliance (2023)  | Yet to Update | 85.5 USD |
Time to Export Documentary Compliance (2023)  | 0.5 Hour | 84 Hours |
Indicators | San Marino | Burkina Faso |
|---|---|---|
Gross National Savings (2023)  | Yet to Update | 15.03 % of GDP |
Tax Revenue (2023)  | 17.3 % of GDP | 17.67 % of GDP |
Taxes on Exports (2023)  | Yet to Update | 0.02 % of Tax Revenue |
Taxes on Goods and Services (2023)  | 18.6 % of Tax Revenue | 39.97 % of Tax Revenue |
Taxes on International Trade (2023)  | 0.43 % of Revenue | 11.14 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 52 Hours | 270 Hours |
Customs and Other Import Duties (2023)  | 1.08 % of Tax Revenue | 13.8 % of Tax Revenue |
The taxes charged by San Marino on international trade is 0.43% of the total revenue and the taxes charged by Burkina Faso on international trade is 11.14% of the total revenue.
The Taxes charged on International Trade by San Marino is 25.91 times less of its total revenue than of Burkina Faso.
We hope you enjoyed the detailed guide on the standard of living comparsion between San Marino and Burkina Faso.
For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.
The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.
