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Sierra Leone vs Bangladesh (Standard of Living)

Published: Monday, 21th October 2024

Recently Updated: Sunday, 12th January 2025

The Standard of living in Sierra Leone is 1.82 times lesser as compared to Bangladesh.

In this page, you will find side-by-side Standard of Living comparison between Sierra Leone and Bangladesh. 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 Sierra Leone and Bangladesh.

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Economic Factors Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of sierra-leone
Sierra Leone
Image illustrating the flag of sierra-leone
Pictorial representation of map of bangladesh
Bangladesh
Image illustrating the flag of bangladesh
Gross Domestic Product (GDP)(2023)
Image representing the total Gross Domestic Product of any specific country
$3.519 billion USD$455.166 billion USD
GDP Per Capita
(2023)
Image representing the total Gross Domestic Product Per Capita of any specific country
414 USD2,650 USD
GINI Ratio
(2023)
Image representing the total GINI Ratio or GINI Coefficient of any specific country
0.360.50
Inflation on Consumer Prices
(2023)
Image representing the Percentage of Inflation on consumer prices of any specific country
47.64 % annually9.88 % annually
Central Government Debt
(2023)
Image representing the Central Government Debt of any specific country
Yet to Update31.2 % of GDP
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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 Sierra Leone is $3.519 billion USD and that of Bangladesh is $455.166 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 Sierra Leone contributes less to the country's economy compared to a person working in Bangladesh.

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Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of sierra-leone
Sierra Leone
Image illustrating the flag of sierra-leone
Pictorial representation of map of bangladesh
Bangladesh
Image illustrating the flag of bangladesh
Human Development Index (HDI) (2024)
Image representing the Human Development Index of any specific country
0.4580.670
Human Capital Index (HCI) (2024)
Image representing the Human Capital Index of any specific country
0.360.46
Literacy Rate
(2023)
Image representing the Literacy Rate of any specific country
48.64% (15 years+ above age)76.36% (15 years+ above age)
Life Expectancy Ratio
(2023)
Image representation of Life Expectancy Ratio any given country
61 years73.1 years
Healthy Life Expectancy Ratio
(2023)
Image representation of Healthy Life Expectancy Ratio any given country
53.1 years63.1 years
Poverty Ratio
(2023)
Image representing the Poverty Rate of any specific country
56.8% of total Population18.7% of total Population
Unemployment Rate
(2023)
Image representing the Unemployment Rate of any specific country
3.17% of total labor force5.06% 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 Sierra Leone is [ 0.458 ] and the HDI of Bangladesh is [ 0.670 ].

The data shows that the people living in Sierra Leone has lower income, life expectancy and education level compared to Bangladesh.

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Government National Expenditure Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of sierra-leone
Sierra Leone
Image illustrating the flag of sierra-leone
Pictorial representation of map of bangladesh
Bangladesh
Image illustrating the flag of bangladesh
Gross National Expenditure
(2023)
Image representing the total Gross National Expenditure of any specific country
126.81 % of GDP105.19 % of GDP
Total Health Expenditure
(2023)
Image representation of total Health Expenditure of any given country
8.55 % of GDP2.36 % of GDP
Research and Development Expenditure (2023)
Image representing the Government Expenditure of any specific country
Yet to UpdateYet to Update
Government Expenditure on Education (2023)
Image representing the Government Expenditure of any specific country
8.81 % of GDP2.05 % of GDP
International Tourism Expenditure (2023)
Image representing the International Tourism Expenditure of any specific country
83 million USD659 million USD
Number of International Tourists Arrivals (2023)
Image representing the Number of International Tourists Arrival in any specific country
71,000323,000
Military Expenditure
(2023)
Image representing the Military Expenditure of any specific country
0.6 % of GDP1.13 (% of GDP)

The total Gross National Expenditure of Sierra Leone is 126.81% of its GDP and the total Gross National Expenditure of Bangladesh is 105.19% of its GDP.

From the above data, we can say that Sierra Leone spends 1.21 times more of its GDP on Gross National Expenditure compared to Bangladesh.

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Health System Facilities Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of sierra-leone
Sierra Leone
Image illustrating the flag of sierra-leone
Pictorial representation of map of bangladesh
Bangladesh
Image illustrating the flag of bangladesh
Number of Doctors
(2023)
Visual representation of number of Doctors in any specific country
0.7
(Per 10,000 People)
6.7
(Per 10,000 People)
Number of Nurses
(2023)
Visual representation of number of Nurses in any specific country
2.04
(Per 10,000 People)
6.1
(Per 10,000 People)
Number of Pharmacists
(2023)
Visual representation of number of Pharmacists in any specific country
0.23
(Per 10,000 People)
1.01
(Per 10,000 People)
Available Hospital Beds
(2023)
Visual representation of Available Hospital Beds in any specific country
0.4
(Per 1000 People)
0.79
(Per 1000 People)
Pregnant Women Receiving Prenatal Care (2023)
Visual representation of Pregnant Women Receiving Prenatal Care in any specific country
97.9 % of total Population75.2 % of total Population

Sierra Leone has 9.57 times less Doctors compared to Bangladesh (Per 10,000 People).

Sierra Leone has 2.99 times less Nurses compared to Bangladesh (Per 10,000 People).

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Environmental Factors Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of sierra-leone
Sierra Leone
Image illustrating the flag of sierra-leone
Pictorial representation of map of bangladesh
Bangladesh
Image illustrating the flag of bangladesh
Agricultural Land
(2023)
Image Depicting the total Agricultural Land available in any specific country
39,490 Sq Km100,680 Sq Km
Forest Area
(2023)
Image Depicting the total Forest Area available in any specific country
25,151.5 Sq Km18,834 Sq Km
CO2 Emissions
(2023)
Image Depicting the total CO2 Emissions from any specific country
0.08 kg per PPP $ of GDP0.08 kg per PPP $ of GDP
Access to Electricity
(2023)
Image Depicting the access of electricity in any specific country
29.4 % of total Population99.4 % of total Population
Access to Internet
(2023)
Image Depicting the access of internet in any specific country
18 % of total Population38.92 % of total Population
Annual Fresh Water Withdrawals (2023)
Image Depicting the annual freshwater withdrawals from any specific country
0.21 Billion cubic meters35.87 Billion cubic meters

29.4% of the total Population of Sierra Leone has access to the electricity in their homes, whereas, in case of Bangladesh, 99.4% of the total Population has access to electricity.

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Business Registration Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of sierra-leone
Sierra Leone
Image illustrating the flag of sierra-leone
Pictorial representation of map of bangladesh
Bangladesh
Image illustrating the flag of bangladesh
Time Required to Start a Business (2023)
Image representing Time Required to Start a Business
8 Days19.5 Days
New Businesses Registered (2023)
Image representing New Businesses Registered
1,980 (New Businesses)4,473 (New Businesses)
New Businesses Registration Density (2023)
Image representing New Businesses Registration Density
0.45 (Per 1000 People)0.04 (Per 1000 People)
Cost of Business Start-Up Procedures (2023)
Image representing Cost of Business Start-Up Procedures
7.6 % of GNI Per Capita8.7 % of GNI Per Capita

In the year 2023, 1,980 new businesses got registered in Sierra Leone and 4,473 new businesses got registered in Bangladesh.

It usually takes 8 days in Sierra Leone and 19.5 days in Bangladesh to register a new business legally and systematically.

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Import & Export Factors Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of sierra-leone
Sierra Leone
Image illustrating the flag of sierra-leone
Pictorial representation of map of bangladesh
Bangladesh
Image illustrating the flag of bangladesh
Imports of Goods and Services (2023)
Image representing Imports of Goods and Services
67.28 % of GDP17.83 % of GDP
Total Fuel Imports
(2023)
Image representing Total Fuel Imports
1.12 % of Merchandise Imports10.86 % of Merchandise Imports
Cost to Import Border Compliance (2023)
Image representing Cost to Import Border Compliance
821 USD 900 USD
Time to Import Border Compliance (2023)
Image representing Time to Import Border Compliance
120 Hours216 Hours
Cost to Import Documentary Compliance (2023)
Image representing Cost to Import documentary Compliance
387.14 USD 370 USD
Time to Import Documentary Compliance (2023)
Image representing Time to Import Documentary Compliance
82 Hours144 Hours
Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of sierra-leone
Sierra Leone
Image illustrating the flag of sierra-leone
Pictorial representation of map of bangladesh
Bangladesh
Image illustrating the flag of bangladesh
Exports of Goods and Services (2023)
Image representing Exports of Goods and Services
40.47 % of GDP13.16 % of GDP
Total Fuel Exports
(2023)
Image representing Total Fuel Exports
0.14 % of Merchandise Exports0.56 % of Merchandise Exports
Cost to Export Border Compliance (2023)
Image representing Cost to Export Border Compliance
551.86 USD408.17 USD
Time to Export Border Compliance (2023)
Image representing Time to Export Border Compliance
54.86 Hours168 Hours
Cost to Export Documentary Compliance (2023)
Image representing Cost to Export documentary Compliance
227.14 USD225 USD
Time to Export Documentary Compliance (2023)
Image representing Time to Export Documentary Compliance
72 Hours147 Hours
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Tax Factors Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of sierra-leone
Sierra Leone
Image illustrating the flag of sierra-leone
Pictorial representation of map of bangladesh
Bangladesh
Image illustrating the flag of bangladesh
Gross National Savings
(2023)
Image representing the total Gross National Savings of any specific country
21.54 % of GDP34.9 % of GDP
Tax Revenue
(2023)
Image representing the total tax revenue collection of any specific country
Yet to Update7.64 % of GDP
Taxes on Exports
(2023)
Image representing Taxes on Exports
Yet to Update0.0002 % of Tax Revenue
Taxes on Goods and Services
(2023)
Image representing Taxes on Goods and Services
Yet to Update43.22 % of Tax Revenue
Taxes on International Trade
(2023)
Image representing Taxes on International Trade
Yet to Update9.32 % of Revenue
Time to Prepare and Pay Taxes (2023)
Image representing Time to Prepare and Pay Taxes
343 Hours435 Hours
Customs and Other Import Duties (2023)
Image representing Customs and Other Import Duties
Yet to Update11.71 % of Tax Revenue
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We hope you enjoyed the detailed guide on the standard of living comparsion between Sierra Leone and Bangladesh.

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.

Pictorial representation of the map of Sierra Leone
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Pictorial representation of the map of Jordan
Pictorial representation of the map of Sierra Leone
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Pictorial representation of the map of Yemen
Pictorial representation of the map of Sierra Leone
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Pictorial representation of the map of Sierra Leone
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Pictorial representation of the map of Tanzania
Pictorial representation of the map of Sierra Leone
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Pictorial representation of the map of Uruguay
Pictorial representation of the map of Sierra Leone
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Pictorial representation of the map of Sudan
Pictorial representation of the map of Sierra Leone
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Pictorial representation of the map of Antigua and Barbuda
Pictorial representation of the map of Sierra Leone
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Pictorial representation of the map of Saint Vincent and the Grenadines
Pictorial representation of the map of Sierra Leone
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Pictorial representation of the map of Indonesia
Pictorial representation of the map of Sierra Leone
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Pictorial representation of the map of Mauritius
Pictorial representation of the map of Sierra Leone
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Pictorial representation of the map of Egypt
Pictorial representation of the map of Sierra Leone
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Pictorial representation of the map of Iraq