Published: Monday, 21th October 2024
The Standard of living in Seychelles is 1.42 times better as compared to Philippines.
In this page, you will find side-by-side Standard of Living comparison between Seychelles and Philippines. 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 Seychelles and Philippines.
 Indicators  | Seychelles  | Philippines  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $2.085 billion USD | $471.516 billion USD |
GDP Per Capita (2023)  | 20,889 USD | 4,130 USD |
GINI Ratio (2023)  | 0.32 | 0.41 |
Inflation on Consumer Prices (2023)  | 8.28 % annually | 5.98 % annually |
Central Government Debt (2023)  | 60.9 % of GDP | 43.4 % 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 Seychelles is $2.085 billion USD and that of Philippines is $471.516 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 Seychelles contributes more to the country's economy compared to a person working in Philippines.
Indicators | Seychelles | Philippines |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.802 | 0.710 |
Human Capital Index (HCI) (2024)  | 0.63 | 0.52 |
Literacy Rate (2023)  | 96.2% (15 years+ above age) | 98.47% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 74 years | 66.4 years |
Healthy Life Expectancy Ratio (2023)  | 64.7 years | 58.8 years |
Poverty Ratio (2023)  | 25.3% of total Population | 18.1% of total Population |
Unemployment Rate (2023)  | Yet to Update | 2.23% 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 Seychelles is [ 0.802 ] and the HDI of Philippines is [ 0.710 ].
The data shows that the people living in Seychelles has better income, life expectancy and education level compared to Philippines.
Indicators | Seychelles | Philippines |
|---|---|---|
Gross National Expenditure (2023)  | 111.22 % of GDP | 114.09 % of GDP |
Total Health Expenditure (2023)  | 5.26 % of GDP | 5.87 % of GDP |
Research and Development Expenditure (2023)  | 0.22 % of GDP | 0.32 % of GDP |
Government Expenditure on Education (2023)  | 4.74 % of GDP | 3.58 % of GDP |
International Tourism Expenditure (2023)  | 39 million USD | 4,872 million USD |
Number of International Tourists Arrivals (2023)  | 124,500 | 1,483,000 |
Military Expenditure (2023)  | 1.38 % of GDP | 1 (% of GDP) |
The total Gross National Expenditure of Seychelles is 111.22% of its GDP and the total Gross National Expenditure of Philippines is 114.09% of its GDP.
From the above data, we can say that Seychelles spends 1.03 times less of its GDP on Gross National Expenditure compared to Philippines.
Indicators | Seychelles | Philippines |
|---|---|---|
Number of Doctors (2023)  | 21.1 (Per 10,000 People) | 7.86 (Per 10,000 People) |
Number of Nurses (2023)  | 107.6 (Per 10,000 People) | 47.5 (Per 10,000 People) |
Number of Pharmacists (2023)  | 12 (Per 10,000 People) | 4.7 (Per 10,000 People) |
Available Hospital Beds (2023)  | 3.6 (Per 1000 People) | 0.99 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | Yet to Update | 93.8 % of total Population |
Seychelles has 2.68 times more Doctors compared to Philippines (Per 10,000 People).
Seychelles has 2.27 times more Nurses compared to Philippines (Per 10,000 People).
Indicators | Seychelles | Philippines |
|---|---|---|
Agricultural Land (2023)  | 15.5 Sq Km | 126,830 Sq Km |
Forest Area (2023)  | 337 Sq Km | 72,234.8 Sq Km |
CO2 Emissions (2023)  | 0.2 kg per PPP $ of GDP | 0.14 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 94.8 % of total Population |
Access to Internet (2023)  | 81.59 % of total Population | 52.68 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.01 Billion cubic meters | 85.87 Billion cubic meters |
100% of the total Population of Seychelles has access to the electricity in their homes, whereas, in case of Philippines, 94.8% of the total Population has access to electricity.
Indicators | Seychelles | Philippines |
|---|---|---|
Time Required to Start a Business (2023)  | 32 Days | 33 Days |
New Businesses Registered (2023)  | 133 (New Businesses) | 25,421 (New Businesses) |
New Businesses Registration Density (2023)  | 1.93 (Per 1000 People) | 0.34 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 12.5 % of GNI Per Capita | 23.3 % of GNI Per Capita |
In the year 2023, 133 new businesses got registered in Seychelles and 25,421 new businesses got registered in Philippines.
It usually takes 32 days in Seychelles and 33 days in Philippines to register a new business legally and systematically.
Indicators | Seychelles | Philippines |
|---|---|---|
Imports of Goods and Services (2023)  | 97.12 % of GDP | 40.74 % of GDP |
Total Fuel Imports (2023)  | 12.61 % of Merchandise Imports | 15.81 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 340.63 USD | 689.5 USD |
Time to Import Border Compliance (2023)  | 97 Hours | 120 Hours |
Cost to Import Documentary Compliance (2023)  | 92.5 USD | 67.5 USD |
Time to Import Documentary Compliance (2023)  | 33 Hours | 96 Hours |
Indicators | Seychelles | Philippines |
|---|---|---|
Exports of Goods and Services (2023)  | 85.95 % of GDP | 26.65 % of GDP |
Total Fuel Exports (2023)  | 0.02 % of Merchandise Exports | 1.14 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 332.27 USD | 456 USD |
Time to Export Border Compliance (2023)  | 82 Hours | 42.46 Hours |
Cost to Export Documentary Compliance (2023)  | 115 USD | 52.5 USD |
Time to Export Documentary Compliance (2023)  | 43.64 Hours | 36 Hours |
Indicators | Seychelles | Philippines |
|---|---|---|
Gross National Savings (2023)  | 3.16 % of GDP | 27.32 % of GDP |
Tax Revenue (2023)  | 26.18 % of GDP | 14.62 % of GDP |
Taxes on Exports (2023)  | Yet to Update | Yet to Update |
Taxes on Goods and Services (2023)  | 47.34 % of Tax Revenue | 25.86 % of Tax Revenue |
Taxes on International Trade (2023)  | 3.44 % of Revenue | 24.34 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 85 Hours | 171 Hours |
Customs and Other Import Duties (2023)  | 4.09 % of Tax Revenue | 26.78 % of Tax Revenue |
The taxes charged by Seychelles on international trade is 3.44% of the total revenue and the taxes charged by Philippines on international trade is 24.34% of the total revenue.
The Taxes charged on International Trade by Seychelles is 7.08 times less of its total revenue than of Philippines.
We hope you enjoyed the detailed guide on the standard of living comparsion between Seychelles and Philippines.
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