Published: Monday, 21th October 2024
The Standard of living in Timor-Leste is 1.24 times better as compared to Zambia.
In this page, you will find side-by-side Standard of Living comparison between Timor-Leste and Zambia. 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 Timor-Leste and Zambia.
Indicators | Timor-Leste | Zambia |
---|---|---|
Gross Domestic Product (GDP)(2023) | $2.77 billion USD | $29.536 billion USD |
GDP Per Capita (2023) | 2,014 USD | 1,435 USD |
GINI Ratio (2023) | 0.35 | 0.57 |
Inflation on Consumer Prices (2023) | 0.96 % annually | 10.88 % annually |
Central Government Debt (2023) | Yet to Update | 71.4 % 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 Timor-Leste is $2.77 billion USD and that of Zambia is $29.536 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 Timor-Leste contributes more to the country's economy compared to a person working in Zambia.
Indicators | Timor-Leste | Zambia |
---|---|---|
Human Development Index (HDI) (2024) | 0.616 | 0.569 |
Human Capital Index (HCI) (2024) | 0.45 | 0.4 |
Literacy Rate (2023) | 69.9% (15 years+ above age) | 87.5% (15 years+ above age) |
Life Expectancy Ratio (2023) | 68 years | 61 years |
Healthy Life Expectancy Ratio (2023) | 59.5 years | 53 years |
Poverty Ratio (2023) | 41.8% of total Population | 60% of total Population |
Unemployment Rate (2023) | 1.52% of total labor force | 5.91% 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 Timor-Leste is [ 0.616 ] and the HDI of Zambia is [ 0.569 ].
The data shows that the people living in Timor-Leste has better income, life expectancy and education level compared to Zambia.
Indicators | Timor-Leste | Zambia |
---|---|---|
Gross National Expenditure (2023) | 86.28 % of GDP | 76.91 % of GDP |
Total Health Expenditure (2023) | 11.44 % of GDP | 6.62 % of GDP |
Research and Development Expenditure (2023) | Yet to Update | 0.28 % of GDP |
Government Expenditure on Education (2023) | 2.97 % of GDP | 3.58 % of GDP |
International Tourism Expenditure (2023) | 61 million USD | 474 million USD |
Number of International Tourists Arrivals (2023) | Yet to Update | 502,000 |
Military Expenditure (2023) | 1.11 % of GDP | 1.19 (% of GDP) |
The total Gross National Expenditure of Timor-Leste is 86.28% of its GDP and the total Gross National Expenditure of Zambia is 76.91% of its GDP.
From the above data, we can say that Timor-Leste spends 1.12 times more of its GDP on Gross National Expenditure compared to Zambia.
Indicators | Timor-Leste | Zambia |
---|---|---|
Number of Doctors (2023) | 7.67 (Per 10,000 People) | 2.96 (Per 10,000 People) |
Number of Nurses (2023) | 17.7 (Per 10,000 People) | 18.6 (Per 10,000 People) |
Number of Pharmacists (2023) | 2.12 (Per 10,000 People) | 0.71 (Per 10,000 People) |
Available Hospital Beds (2023) | 5.9 (Per 1000 People) | 2 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023) | 84.4 % of total Population | 96.9 % of total Population |
Timor-Leste has 2.59 times more Doctors compared to Zambia (Per 10,000 People).
Timor-Leste has 1.05 times less Nurses compared to Zambia (Per 10,000 People).
Indicators | Timor-Leste | Zambia |
---|---|---|
Agricultural Land (2023) | 3,414 Sq Km | 238,390 Sq Km |
Forest Area (2023) | 9,197 Sq Km | 446,258.12 Sq Km |
CO2 Emissions (2023) | 0.05 kg per PPP $ of GDP | 0.13 kg per PPP $ of GDP |
Access to Electricity (2023) | 99.7 % of total Population | 47.8 % of total Population |
Access to Internet (2023) | 39.45 % of total Population | 21.23 % of total Population |
Annual Fresh Water Withdrawals (2023) | 1.17 Billion cubic meters | 1.57 Billion cubic meters |
99.7% of the total Population of Timor-Leste has access to the electricity in their homes, whereas, in case of Zambia, 47.8% of the total Population has access to electricity.
Indicators | Timor-Leste | Zambia |
---|---|---|
Time Required to Start a Business (2023) | 13 Days | 8.5 Days |
New Businesses Registered (2023) | 1,911 (New Businesses) | 17,300 (New Businesses) |
New Businesses Registration Density (2023) | 2.37 (Per 1000 People) | 1.56 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023) | 0.7 % of GNI Per Capita | 34 % of GNI Per Capita |
In the year 2023, 1,911 new businesses got registered in Timor-Leste and 17,300 new businesses got registered in Zambia.
It usually takes 13 days in Timor-Leste and 8.5 days in Zambia to register a new business legally and systematically.
Indicators | Timor-Leste | Zambia |
---|---|---|
Imports of Goods and Services (2023) | 41.96 % of GDP | 39.11 % of GDP |
Total Fuel Imports (2023) | 23.85 % of Merchandise Imports | 19.34 % of Merchandise Imports |
Cost to Import Border Compliance (2023) | 410 USD | 380 USD |
Time to Import Border Compliance (2023) | 100 Hours | 120 Hours |
Cost to Import Documentary Compliance (2023) | 115 USD | 175 USD |
Time to Import Documentary Compliance (2023) | 44 Hours | 72 Hours |
Indicators | Timor-Leste | Zambia |
---|---|---|
Exports of Goods and Services (2023) | 55.68 % of GDP | 40.78 % of GDP |
Total Fuel Exports (2023) | 68.61 % of Merchandise Exports | 4.1 % of Merchandise Exports |
Cost to Export Border Compliance (2023) | 350 USD | 370 USD |
Time to Export Border Compliance (2023) | 96 Hours | 120 Hours |
Cost to Export Documentary Compliance (2023) | 100 USD | 200 USD |
Time to Export Documentary Compliance (2023) | 33 Hours | 96 Hours |
Indicators | Timor-Leste | Zambia |
---|---|---|
Gross National Savings (2023) | 23.86 % of GDP | 45.39 % of GDP |
Tax Revenue (2023) | 21.67 % of GDP | 16.78 % of GDP |
Taxes on Exports (2023) | Yet to Update | 0.04 % of Tax Revenue |
Taxes on Goods and Services (2023) | 5.38 % of Tax Revenue | 22.64 % of Tax Revenue |
Taxes on International Trade (2023) | 1.29 % of Revenue | 4.92 % of Revenue |
Time to Prepare and Pay Taxes (2023) | 234 Hours | 158 Hours |
Customs and Other Import Duties (2023) | 3.49 % of Tax Revenue | 7.1 % of Tax Revenue |
The taxes charged by Timor-Leste on international trade is 1.29% of the total revenue and the taxes charged by Zambia on international trade is 4.92% of the total revenue.
The Taxes charged on International Trade by Timor-Leste is 3.81 times less of its total revenue than of Zambia.
We hope you enjoyed the detailed guide on the standard of living comparsion between Timor-Leste and Zambia.
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