Published: Monday, 21th October 2024
The Standard of living in Tuvalu is 1.46 times better as compared to Comoros.
In this page, you will find side-by-side Standard of Living comparison between Tuvalu and Comoros. 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 Tuvalu and Comoros.
Indicators | Tuvalu | Comoros |
---|---|---|
Gross Domestic Product (GDP)(2023) | $63 million USD | $1.364 billion USD |
GDP Per Capita (2023) | 5,772 USD | 1,377 USD |
GINI Ratio (2023) | 0.39 | 0.45 |
Inflation on Consumer Prices (2023) | 0.5 % 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 Tuvalu is $63 million USD and that of Comoros is $1.364 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 Tuvalu contributes more to the country's economy compared to a person working in Comoros.
Indicators | Tuvalu | Comoros |
---|---|---|
Human Development Index (HDI) (2024) | 0.653 | 0.586 |
Human Capital Index (HCI) (2024) | 0.45 | 0.4 |
Literacy Rate (2023) | 99% (15 years+ above age) | 61.71% (15 years+ above age) |
Life Expectancy Ratio (2023) | 82.4 years | 67.5 years |
Healthy Life Expectancy Ratio (2023) | 73.9 years | 59 years |
Poverty Ratio (2023) | 26.3% of total Population | 42.4% of total Population |
Unemployment Rate (2023) | Yet to Update | 5.79% 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 Tuvalu is [ 0.653 ] and the HDI of Comoros is [ 0.586 ].
The data shows that the people living in Tuvalu has better income, life expectancy and education level compared to Comoros.
Indicators | Tuvalu | Comoros |
---|---|---|
Gross National Expenditure (2023) | Yet to Update | 122.03 % of GDP |
Total Health Expenditure (2023) | 19.97 % of GDP | 6.34 % of GDP |
Research and Development Expenditure (2023) | Yet to Update | Yet to Update |
Government Expenditure on Education (2023) | 3.73 % of GDP | 2.43 % of GDP |
International Tourism Expenditure (2023) | 9.80 million USD | 43 million USD |
Number of International Tourists Arrivals (2023) | 3,600 | 7,000 |
Military Expenditure (2023) | Yet to Update | Yet to Update |
Indicators | Tuvalu | Comoros |
---|---|---|
Number of Doctors (2023) | 12.6 (Per 10,000 People) | 4.39 (Per 10,000 People) |
Number of Nurses (2023) | 36.94 (Per 10,000 People) | 15.74 (Per 10,000 People) |
Number of Pharmacists (2023) | 1.8 (Per 10,000 People) | 0.43 (Per 10,000 People) |
Available Hospital Beds (2023) | 5.6 (Per 1000 People) | 2.16 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023) | 93.9 % of total Population | 92.1 % of total Population |
Tuvalu has 2.87 times more Doctors compared to Comoros (Per 10,000 People).
Tuvalu has 2.35 times more Nurses compared to Comoros (Per 10,000 People).
Indicators | Tuvalu | Comoros |
---|---|---|
Agricultural Land (2023) | 18 Sq Km | 1,330 Sq Km |
Forest Area (2023) | 10 Sq Km | 324.8 Sq Km |
CO2 Emissions (2023) | 0.12 kg per PPP $ of GDP | 0.13 kg per PPP $ of GDP |
Access to Electricity (2023) | 100 % of total Population | 89.9 % of total Population |
Access to Internet (2023) | 71.59 % of total Population | 27.34 % of total Population |
Annual Fresh Water Withdrawals (2023) | Yet to Update | 0.01 Billion cubic meters |
100% of the total Population of Tuvalu has access to the electricity in their homes, whereas, in case of Comoros, 89.9% of the total Population has access to electricity.
Indicators | Tuvalu | Comoros |
---|---|---|
Time Required to Start a Business (2023) | Yet to Update | 16 Days |
New Businesses Registered (2023) | 7 (New Businesses) | 339 (New Businesses) |
New Businesses Registration Density (2023) | 1 (Per 1000 People) | 0.7 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023) | Yet to Update | 54.2 % of GNI Per Capita |
In the year 2023, 7 new businesses got registered in Tuvalu and 339 new businesses got registered in Comoros.
Indicators | Tuvalu | Comoros |
---|---|---|
Imports of Goods and Services (2023) | Yet to Update | 34.99 % of GDP |
Total Fuel Imports (2023) | 16.76 % of Merchandise Imports | 31.63 % of Merchandise Imports |
Cost to Import Border Compliance (2023) | Yet to Update | 765.4 USD |
Time to Import Border Compliance (2023) | Yet to Update | 70.27 Hours |
Cost to Import Documentary Compliance (2023) | Yet to Update | 92.8 USD |
Time to Import Documentary Compliance (2023) | Yet to Update | 26 Hours |
Indicators | Tuvalu | Comoros |
---|---|---|
Exports of Goods and Services (2023) | Yet to Update | 12.96 % of GDP |
Total Fuel Exports (2023) | 7.16 % of Merchandise Exports | 0.05 % of Merchandise Exports |
Cost to Export Border Compliance (2023) | Yet to Update | 650.82 USD |
Time to Export Border Compliance (2023) | Yet to Update | 50.81 Hours |
Cost to Export Documentary Compliance (2023) | Yet to Update | 124 USD |
Time to Export Documentary Compliance (2023) | Yet to Update | 50 Hours |
Indicators | Tuvalu | Comoros |
---|---|---|
Gross National Savings (2023) | Yet to Update | 15.45 % of GDP |
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) | Yet to Update | 100 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 Tuvalu and Comoros.
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