Published: Monday, 21th October 2024
The Standard of living in Sri Lanka is 1.17 times lesser as compared to Nauru.
In this page, you will find side-by-side Standard of Living comparison between Sri Lanka and Nauru. 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 Sri Lanka and Nauru.
 Indicators  | Sri Lanka  | Nauru  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $73.7 billion USD | $150 million USD |
GDP Per Capita (2023)  | 3,293 USD | 10,125 USD |
GINI Ratio (2023)  | 0.40 | 0.46 |
Inflation on Consumer Prices (2023)  | 16.54 % annually | Yet to Update |
Central Government Debt (2023)  | 73.5 % 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 Sri Lanka is $73.7 billion USD and that of Nauru is $150 million 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 Sri Lanka contributes less to the country's economy compared to a person working in Nauru.
Indicators | Sri Lanka | Nauru |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.780 | 0.696 |
Human Capital Index (HCI) (2024)  | 0.6 | 0.51 |
Literacy Rate (2023)  | 92.49% (15 years+ above age) | 96% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 77.2 years | 60.9 years |
Healthy Life Expectancy Ratio (2023)  | 66.7 years | 50.8 years |
Poverty Ratio (2023)  | 14.3% of total Population | 16.8% of total Population |
Unemployment Rate (2023)  | 6.36% of total labor force | Yet to Update |
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 Sri Lanka is [ 0.780 ] and the HDI of Nauru is [ 0.696 ].
The data shows that the people living in Sri Lanka has better income, life expectancy and education level compared to Nauru.
Indicators | Sri Lanka | Nauru |
|---|---|---|
Gross National Expenditure (2023)  | 101.49 % of GDP | Yet to Update |
Total Health Expenditure (2023)  | 4.07 % of GDP | 13.06 % of GDP |
Research and Development Expenditure (2023)  | 0.12 % of GDP | Yet to Update |
Government Expenditure on Education (2023)  | 1.2 % of GDP | 6.19 % of GDP |
International Tourism Expenditure (2023)  | 803 million USD | 7.10 million USD |
Number of International Tourists Arrivals (2023)  | 540,000 | Yet to Update |
Military Expenditure (2023)  | 1.43 % of GDP | Yet to Update |
Indicators | Sri Lanka | Nauru |
|---|---|---|
Number of Doctors (2023)  | 11.9 (Per 10,000 People) | 12.5 (Per 10,000 People) |
Number of Nurses (2023)  | 24.4 (Per 10,000 People) | 70.59 (Per 10,000 People) |
Number of Pharmacists (2023)  | 1.06 (Per 10,000 People) | 1.79 (Per 10,000 People) |
Available Hospital Beds (2023)  | 4.15 (Per 1000 People) | 5 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 98.8 % of total Population | 94.5 % of total Population |
Sri Lanka has 1.05 times less Doctors compared to Nauru (Per 10,000 People).
Sri Lanka has 2.89 times less Nurses compared to Nauru (Per 10,000 People).
Indicators | Sri Lanka | Nauru |
|---|---|---|
Agricultural Land (2023)  | 28,120 Sq Km | 4 Sq Km |
Forest Area (2023)  | 21,098.6 Sq Km | Yet to Update |
CO2 Emissions (2023)  | 0.08 kg per PPP $ of GDP | 0.33 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 44.45 % of total Population | 83.94 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 12.95 Billion cubic meters | Yet to Update |
100% of the total Population of Sri Lanka has access to the electricity in their homes, whereas, in case of Nauru, 100% of the total Population has access to electricity.
Indicators | Sri Lanka | Nauru |
|---|---|---|
Time Required to Start a Business (2023)  | 8 Days | Yet to Update |
New Businesses Registered (2023)  | 17,447 (New Businesses) | Yet to Update |
New Businesses Registration Density (2023)  | 1.2 (Per 1000 People) | Yet to Update |
Cost of Business Start-Up Procedures (2023)  | 8.7 % of GNI Per Capita | Yet to Update |
Indicators | Sri Lanka | Nauru |
|---|---|---|
Imports of Goods and Services (2023)  | 21.89 % of GDP | 113.21 % of GDP |
Total Fuel Imports (2023)  | 24.84 % of Merchandise Imports | Yet to Update |
Cost to Import Border Compliance (2023)  | 299.67 USD | Yet to Update |
Time to Import Border Compliance (2023)  | 72 Hours | Yet to Update |
Cost to Import Documentary Compliance (2023)  | 282.78 USD | Yet to Update |
Time to Import Documentary Compliance (2023)  | 48 Hours | Yet to Update |
Indicators | Sri Lanka | Nauru |
|---|---|---|
Exports of Goods and Services (2023)  | 20.39 % of GDP | 54.72 % of GDP |
Total Fuel Exports (2023)  | 3.23 % of Merchandise Exports | Yet to Update |
Cost to Export Border Compliance (2023)  | 366.11 USD | Yet to Update |
Time to Export Border Compliance (2023)  | 43 Hours | Yet to Update |
Cost to Export Documentary Compliance (2023)  | 57.58 USD | Yet to Update |
Time to Export Documentary Compliance (2023)  | 48 Hours | Yet to Update |
Indicators | Sri Lanka | Nauru |
|---|---|---|
Gross National Savings (2023)  | 27.23 % of GDP | Yet to Update |
Tax Revenue (2023)  | 7.28 % of GDP | 44.35 % of GDP |
Taxes on Exports (2023)  | 0.13 % of Tax Revenue | Yet to Update |
Taxes on Goods and Services (2023)  | 43.37 % of Tax Revenue | 0.89 % of Tax Revenue |
Taxes on International Trade (2023)  | 17.1 % of Revenue | 6.15 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 129 Hours | Yet to Update |
Customs and Other Import Duties (2023)  | 19.53 % of Tax Revenue | 21.63 % of Tax Revenue |
The taxes charged by Sri Lanka on international trade is 17.1% of the total revenue and the taxes charged by Nauru on international trade is 6.15% of the total revenue.
The Taxes charged on International Trade by Sri Lanka is 2.78 times more of its total revenue than of Nauru.
We hope you enjoyed the detailed guide on the standard of living comparsion between Sri Lanka and Nauru.
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