Published: Monday, 21th October 2024
The Standard of living in Tuvalu is 1.22 times better as compared to Ghana.
In this page, you will find side-by-side Standard of Living comparison between Tuvalu and Ghana. 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 Ghana.
 Indicators  | Tuvalu  | Ghana  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $63 million USD | $76.628 billion USD |
GDP Per Capita (2023)  | 5,772 USD | 2,328 USD |
GINI Ratio (2023)  | 0.39 | 0.44 |
Inflation on Consumer Prices (2023)  | 0.5 % annually | 38.11 % annually |
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 Ghana is $76.628 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 Ghana.
Indicators | Tuvalu | Ghana |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.653 | 0.602 |
Human Capital Index (HCI) (2024)  | 0.45 | 0.45 |
Literacy Rate (2023)  | 99% (15 years+ above age) | 80.38% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 82.4 years | 66.1 years |
Healthy Life Expectancy Ratio (2023)  | 73.9 years | 57.9 years |
Poverty Ratio (2023)  | 26.3% of total Population | 23.4% of total Population |
Unemployment Rate (2023)  | Yet to Update | 3.08% 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 Ghana is [ 0.602 ].
The data shows that the people living in Tuvalu has better income, life expectancy and education level compared to Ghana.
Indicators | Tuvalu | Ghana |
|---|---|---|
Gross National Expenditure (2023)  | Yet to Update | 100.96 % of GDP |
Total Health Expenditure (2023)  | 19.97 % of GDP | 4.15 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | 0.38 % of GDP |
Government Expenditure on Education (2023)  | 3.73 % of GDP | 2.9 % of GDP |
International Tourism Expenditure (2023)  | 9.80 million USD | 946 million USD |
Number of International Tourists Arrivals (2023)  | 3,600 | 897,000 |
Military Expenditure (2023)  | Yet to Update | 0.35 (% of GDP) |
Indicators | Tuvalu | Ghana |
|---|---|---|
Number of Doctors (2023)  | 12.6 (Per 10,000 People) | 1.27 (Per 10,000 People) |
Number of Nurses (2023)  | 36.94 (Per 10,000 People) | 34.2 (Per 10,000 People) |
Number of Pharmacists (2023)  | 1.8 (Per 10,000 People) | 0.32 (Per 10,000 People) |
Available Hospital Beds (2023)  | 5.6 (Per 1000 People) | 0.9 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 93.9 % of total Population | 97.4 % of total Population |
Tuvalu has 9.92 times more Doctors compared to Ghana (Per 10,000 People).
Tuvalu has 1.08 times more Nurses compared to Ghana (Per 10,000 People).
Indicators | Tuvalu | Ghana |
|---|---|---|
Agricultural Land (2023)  | 18 Sq Km | 126,037.4 Sq Km |
Forest Area (2023)  | 10 Sq Km | 79,929.33 Sq Km |
CO2 Emissions (2023)  | 0.12 kg per PPP $ of GDP | 0.1 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 85.1 % of total Population |
Access to Internet (2023)  | 71.59 % of total Population | 68.2 % of total Population |
Annual Fresh Water Withdrawals (2023)  | Yet to Update | 1.45 Billion cubic meters |
100% of the total Population of Tuvalu has access to the electricity in their homes, whereas, in case of Ghana, 85.1% of the total Population has access to electricity.
Indicators | Tuvalu | Ghana |
|---|---|---|
Time Required to Start a Business (2023)  | Yet to Update | 13 Days |
New Businesses Registered (2023)  | 7 (New Businesses) | 26,354 (New Businesses) |
New Businesses Registration Density (2023)  | 1 (Per 1000 People) | 1.32 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | Yet to Update | 12.3 % of GNI Per Capita |
In the year 2023, 7 new businesses got registered in Tuvalu and 26,354 new businesses got registered in Ghana.
Indicators | Tuvalu | Ghana |
|---|---|---|
Imports of Goods and Services (2023)  | Yet to Update | 35 % of GDP |
Total Fuel Imports (2023)  | 16.76 % of Merchandise Imports | 32.1 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | Yet to Update | 552.86 USD |
Time to Import Border Compliance (2023)  | Yet to Update | 80 Hours |
Cost to Import Documentary Compliance (2023)  | Yet to Update | 474 USD |
Time to Import Documentary Compliance (2023)  | Yet to Update | 36 Hours |
Indicators | Tuvalu | Ghana |
|---|---|---|
Exports of Goods and Services (2023)  | Yet to Update | 34.04 % of GDP |
Total Fuel Exports (2023)  | 7.16 % of Merchandise Exports | 24.53 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | Yet to Update | 490 USD |
Time to Export Border Compliance (2023)  | Yet to Update | 108 Hours |
Cost to Export Documentary Compliance (2023)  | Yet to Update | 155 USD |
Time to Export Documentary Compliance (2023)  | Yet to Update | 89.33 Hours |
Indicators | Tuvalu | Ghana |
|---|---|---|
Gross National Savings (2023)  | Yet to Update | 17.83 % of GDP |
Tax Revenue (2023)  | Yet to Update | 12.3 % of GDP |
Taxes on Exports (2023)  | Yet to Update | 1.11 % of Tax Revenue |
Taxes on Goods and Services (2023)  | Yet to Update | 32.48 % of Tax Revenue |
Taxes on International Trade (2023)  | Yet to Update | 10.19 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | Yet to Update | 226 Hours |
Customs and Other Import Duties (2023)  | Yet to Update | 13.04 % of Tax Revenue |
We hope you enjoyed the detailed guide on the standard of living comparsion between Tuvalu and Ghana.
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