Published: Monday, 21th October 2024
The Standard of living in San Marino is 1.47 times better as compared to Guyana.
In this page, you will find side-by-side Standard of Living comparison between San Marino and Guyana. 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 Guyana.
 Indicators  | San Marino  | Guyana  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $2.034 billion USD | $21.178 billion USD |
GDP Per Capita (2023)  | 59,405 USD | 26,592 USD |
GINI Ratio (2023)  | 0.35 | 0.45 |
Inflation on Consumer Prices (2023)  | 1.05 % annually | 2.82 % annually |
Central Government Debt (2023)  | 95.1 % of GDP | Yet to Update |
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 Guyana is $21.178 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 Guyana.
Indicators | San Marino | Guyana |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.867 | 0.742 |
Human Capital Index (HCI) (2024)  | Yet to Update | 0.5 |
Literacy Rate (2023)  | 99.91% (15 years+ above age) | 90.03% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 83.4 years | 66.1 years |
Healthy Life Expectancy Ratio (2023)  | 73.9 years | 56.8 years |
Poverty Ratio (2023)  | Yet to Update | Yet to Update |
Unemployment Rate (2023)  | Yet to Update | 12.43% 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 Guyana is [ 0.742 ].
The data shows that the people living in San Marino has better income, life expectancy and education level compared to Guyana.
Indicators | San Marino | Guyana |
|---|---|---|
Gross National Expenditure (2023)  | 73.84 % of GDP | 132.65 % of GDP |
Total Health Expenditure (2023)  | 9.5 % of GDP | 4.94 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | Yet to Update |
Government Expenditure on Education (2023)  | 3.11 % of GDP | 4.45 % of GDP |
International Tourism Expenditure (2023)  | Yet to Update | 30 million USD |
Number of International Tourists Arrivals (2023)  | 1,904,000 | 86,400 |
Military Expenditure (2023)  | Yet to Update | 0.57 (% of GDP) |
The total Gross National Expenditure of San Marino is 73.84% of its GDP and the total Gross National Expenditure of Guyana is 132.65% of its GDP.
From the above data, we can say that San Marino spends 1.80 times less of its GDP on Gross National Expenditure compared to Guyana.
Indicators | San Marino | Guyana |
|---|---|---|
Number of Doctors (2023)  | 35.3 (Per 10,000 People) | 14 (Per 10,000 People) |
Number of Nurses (2023)  | 71.1 (Per 10,000 People) | 34.8 (Per 10,000 People) |
Number of Pharmacists (2023)  | 5.3 (Per 10,000 People) | 0.59 (Per 10,000 People) |
Available Hospital Beds (2023)  | 3.8 (Per 1000 People) | 1.71 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | Yet to Update | 89.2 % of total Population |
San Marino has 2.52 times more Doctors compared to Guyana (Per 10,000 People).
San Marino has 2.04 times more Nurses compared to Guyana (Per 10,000 People).
Indicators | San Marino | Guyana |
|---|---|---|
Agricultural Land (2023)  | 23 Sq Km | 10,430 Sq Km |
Forest Area (2023)  | 10 Sq Km | 184,061.33 Sq Km |
CO2 Emissions (2023)  | Yet to Update | 0.2 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 93 % of total Population |
Access to Internet (2023)  | 74.86 % of total Population | 84.79 % of total Population |
Annual Fresh Water Withdrawals (2023)  | Yet to Update | 1.44 Billion cubic meters |
100% of the total Population of San Marino has access to the electricity in their homes, whereas, in case of Guyana, 93% of the total Population has access to electricity.
Indicators | San Marino | Guyana |
|---|---|---|
Time Required to Start a Business (2023)  | 11.5 Days | 18 Days |
New Businesses Registered (2023)  | Yet to Update | 819 (New Businesses) |
New Businesses Registration Density (2023)  | Yet to Update | 1.58 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 8.8 % of GNI Per Capita | 9.4 % of GNI Per Capita |
It usually takes 11.5 days in San Marino and 18 days in Guyana to register a new business legally and systematically.
Indicators | San Marino | Guyana |
|---|---|---|
Imports of Goods and Services (2023)  | 158.16 % of GDP | 109.73 % of GDP |
Total Fuel Imports (2023)  | Yet to Update | 19.37 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 50 USD | 265 USD |
Time to Import Border Compliance (2023)  | 4 Hours | 84 Hours |
Cost to Import Documentary Compliance (2023)  | 100 USD | 62.5 USD |
Time to Import Documentary Compliance (2023)  | 2.5 Hours | 156 Hours |
Indicators | San Marino | Guyana |
|---|---|---|
Exports of Goods and Services (2023)  | 184.31 % of GDP | 84.62 % of GDP |
Total Fuel Exports (2023)  | Yet to Update | 86.12 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | Yet to Update | 467.78 USD |
Time to Export Border Compliance (2023)  | Yet to Update | 72 Hours |
Cost to Export Documentary Compliance (2023)  | Yet to Update | 77.78 USD |
Time to Export Documentary Compliance (2023)  | 0.5 Hour | 200 Hours |
Indicators | San Marino | Guyana |
|---|---|---|
Gross National Savings (2023)  | Yet to Update | 17.48 % of GDP |
Tax Revenue (2023)  | 17.3 % of GDP | Yet to Update |
Taxes on Exports (2023)  | Yet to Update | Yet to Update |
Taxes on Goods and Services (2023)  | 18.6 % of Tax Revenue | Yet to Update |
Taxes on International Trade (2023)  | 0.43 % of Revenue | Yet to Update |
Time to Prepare and Pay Taxes (2023)  | 52 Hours | 256 Hours |
Customs and Other Import Duties (2023)  | 1.08 % of Tax Revenue | Yet to Update |
We hope you enjoyed the detailed guide on the standard of living comparsion between San Marino and Guyana.
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