Published: Monday, 21th October 2024
The Standard of living in Suriname is 4.17 times lesser as compared to Liechtenstein.
In this page, you will find side-by-side Standard of Living comparison between Suriname and Liechtenstein. 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 Suriname and Liechtenstein.
 Indicators  | Suriname  | Liechtenstein  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $3.539 billion USD | $6.872 billion USD |
GDP Per Capita (2023)  | 5,667 USD | 180,000 USD |
GINI Ratio (2023)  | 0.39 | 0.28 |
Inflation on Consumer Prices (2023)  | 52.45 % annually | Yet to Update |
Central Government Debt (2023)  | Yet to Update | 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 Suriname is $3.539 billion USD and that of Liechtenstein is $6.872 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 Suriname contributes less to the country's economy compared to a person working in Liechtenstein.
Indicators | Suriname | Liechtenstein |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.690 | 0.942 |
Human Capital Index (HCI) (2024)  | Yet to Update | Yet to Update |
Literacy Rate (2023)  | 95% (15 years+ above age) | 100% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 69.8 years | 82.4 years |
Healthy Life Expectancy Ratio (2023)  | 60.3 years | 73.9 years |
Poverty Ratio (2023)  | Yet to Update | Yet to Update |
Unemployment Rate (2023)  | 7.7% 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 Suriname is [ 0.690 ] and the HDI of Liechtenstein is [ 0.942 ].
The data shows that the people living in Suriname has lower income, life expectancy and education level compared to Liechtenstein.
Indicators | Suriname | Liechtenstein |
|---|---|---|
Gross National Expenditure (2023)  | 85.46 % of GDP | Yet to Update |
Total Health Expenditure (2023)  | 5.68 % of GDP | 6.9 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | Yet to Update |
Government Expenditure on Education (2023)  | 3.81 % of GDP | 2.56 % of GDP |
International Tourism Expenditure (2023)  | 64 million USD | Yet to Update |
Number of International Tourists Arrivals (2023)  | 279,000 | 58,400 |
Military Expenditure (2023)  | Yet to Update | Yet to Update |
Indicators | Suriname | Liechtenstein |
|---|---|---|
Number of Doctors (2023)  | 14.8 (Per 10,000 People) | 2.5 (Per 10,000 People) |
Number of Nurses (2023)  | 29.5 (Per 10,000 People) | 12.1 (Per 10,000 People) |
Number of Pharmacists (2023)  | 0.82 (Per 10,000 People) | 1.8 (Per 10,000 People) |
Available Hospital Beds (2023)  | 3 (Per 1000 People) | Yet to Update |
Pregnant Women Receiving Prenatal Care (2023)  | 84.8 % of total Population | Yet to Update |
Suriname has 5.92 times more Doctors compared to Liechtenstein (Per 10,000 People).
Suriname has 2.44 times more Nurses compared to Liechtenstein (Per 10,000 People).
Indicators | Suriname | Liechtenstein |
|---|---|---|
Agricultural Land (2023)  | 780 Sq Km | 51.7 Sq Km |
Forest Area (2023)  | 151,840.44 Sq Km | 67 Sq Km |
CO2 Emissions (2023)  | 0.25 kg per PPP $ of GDP | Yet to Update |
Access to Electricity (2023)  | 99 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 65.94 % of total Population | 95.57 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.62 Billion cubic meters | Yet to Update |
99% of the total Population of Suriname has access to the electricity in their homes, whereas, in case of Liechtenstein, 100% of the total Population has access to electricity.
Indicators | Suriname | Liechtenstein |
|---|---|---|
Time Required to Start a Business (2023)  | 66 Days | 46 Days |
New Businesses Registered (2023)  | 1,147 (New Businesses) | 505 (New Businesses) |
New Businesses Registration Density (2023)  | 2.8 (Per 1000 People) | 19.41 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 93.5 % of GNI Per Capita | 2.2 % of GNI Per Capita |
In the year 2023, 1,147 new businesses got registered in Suriname and 505 new businesses got registered in Liechtenstein.
It usually takes 66 days in Suriname and 46 days in Liechtenstein to register a new business legally and systematically.
Indicators | Suriname | Liechtenstein |
|---|---|---|
Imports of Goods and Services (2023)  | 38.41 % of GDP | Yet to Update |
Total Fuel Imports (2023)  | 11.96 % of Merchandise Imports | Yet to Update |
Cost to Import Border Compliance (2023)  | 658 USD | 115 USD |
Time to Import Border Compliance (2023)  | 48 Hours | 1 Hour |
Cost to Import Documentary Compliance (2023)  | 40 USD | 27 USD |
Time to Import Documentary Compliance (2023)  | 24 Hours | 1.5 Hours |
Indicators | Suriname | Liechtenstein |
|---|---|---|
Exports of Goods and Services (2023)  | 52.55 % of GDP | Yet to Update |
Total Fuel Exports (2023)  | 0.02 % of Merchandise Exports | Yet to Update |
Cost to Export Border Compliance (2023)  | 467.5 USD | 115 USD |
Time to Export Border Compliance (2023)  | 84 Hours | 1 Hour |
Cost to Export Documentary Compliance (2023)  | 40 USD | 27 USD |
Time to Export Documentary Compliance (2023)  | 12 Hours | 1.5 Hours |
Indicators | Suriname | Liechtenstein |
|---|---|---|
Gross National Savings (2023)  | 50.34 % of GDP | Yet to Update |
Tax Revenue (2023)  | Yet to Update | Yet to Update |
Taxes on Exports (2023)  | Yet to Update | Yet to Update |
Taxes on Goods and Services (2023)  | Yet to Update | Yet to Update |
Taxes on International Trade (2023)  | Yet to Update | Yet to Update |
Time to Prepare and Pay Taxes (2023)  | 199 Hours | 49 Hours |
Customs and Other Import Duties (2023)  | Yet to Update | Yet to Update |
We hope you enjoyed the detailed guide on the standard of living comparsion between Suriname and Liechtenstein.
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