Published: Monday, 21th October 2024
The Standard of living in United Arab Emirates is 1.34 times lesser as compared to Singapore.
In this page, you will find side-by-side Standard of Living comparison between United Arab Emirates and Singapore. 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 United Arab Emirates and Singapore.
 Indicators  | United Arab Emirates  | Singapore  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $536.829 billion USD | $525.228 billion USD |
GDP Per Capita (2023)  | 52,407 USD | 91,100 USD |
GINI Ratio (2023)  | 0.26 | 0.46 |
Inflation on Consumer Prices (2023)  | 4.83 % annually | 4.82 % annually |
Central Government Debt (2023)  | 1.8 % of GDP | 150.1 % 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 United Arab Emirates is $536.829 billion USD and that of Singapore is $525.228 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 United Arab Emirates contributes less to the country's economy compared to a person working in Singapore.
Indicators | United Arab Emirates | Singapore |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.937 | 0.949 |
Human Capital Index (HCI) (2024)  | 0.67 | 0.88 |
Literacy Rate (2023)  | 98.29% (15 years+ above age) | 97.65% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 78.3 years | 83.9 years |
Healthy Life Expectancy Ratio (2023)  | 67.3 years | 73.6 years |
Poverty Ratio (2023)  | Yet to Update | Yet to Update |
Unemployment Rate (2023)  | 2.71% of total labor force | 3.47% 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 United Arab Emirates is [ 0.937 ] and the HDI of Singapore is [ 0.949 ].
The data shows that the people living in United Arab Emirates has lower income, life expectancy and education level compared to Singapore.
Indicators | United Arab Emirates | Singapore |
|---|---|---|
Gross National Expenditure (2023)  | 77.41 % of GDP | 62.56 % of GDP |
Total Health Expenditure (2023)  | 5.31 % of GDP | 5.57 % of GDP |
Research and Development Expenditure (2023)  | 1.5 % of GDP | 2.16 % of GDP |
Government Expenditure on Education (2023)  | 3.9 % of GDP | 2.39 % of GDP |
International Tourism Expenditure (2023)  | 15,085 million USD | 25,346 million USD |
Number of International Tourists Arrivals (2023)  | 8,084,000 | 2,742,000 |
Military Expenditure (2023)  | 5.64 % of GDP | 2.77 (% of GDP) |
The total Gross National Expenditure of United Arab Emirates is 77.41% of its GDP and the total Gross National Expenditure of Singapore is 62.56% of its GDP.
From the above data, we can say that United Arab Emirates spends 1.24 times more of its GDP on Gross National Expenditure compared to Singapore.
Indicators | United Arab Emirates | Singapore |
|---|---|---|
Number of Doctors (2023)  | 29.1 (Per 10,000 People) | 26 (Per 10,000 People) |
Number of Nurses (2023)  | 63.9 (Per 10,000 People) | 61.8 (Per 10,000 People) |
Number of Pharmacists (2023)  | 13.3 (Per 10,000 People) | 5.03 (Per 10,000 People) |
Available Hospital Beds (2023)  | 1.38 (Per 1000 People) | 2.49 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 100 % of total Population | Yet to Update |
United Arab Emirates has 1.12 times more Doctors compared to Singapore (Per 10,000 People).
United Arab Emirates has 1.03 times more Nurses compared to Singapore (Per 10,000 People).
Indicators | United Arab Emirates | Singapore |
|---|---|---|
Agricultural Land (2023)  | 3,915.61 Sq Km | 6.6 Sq Km |
Forest Area (2023)  | 3,173 Sq Km | 153.9 Sq Km |
CO2 Emissions (2023)  | 0.31 kg per PPP $ of GDP | 0.08 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 100 % of total Population | 95.95 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 2.38 Billion cubic meters | 0.5 Billion cubic meters |
100% of the total Population of United Arab Emirates has access to the electricity in their homes, whereas, in case of Singapore, 100% of the total Population has access to electricity.
Indicators | United Arab Emirates | Singapore |
|---|---|---|
Time Required to Start a Business (2023)  | 3.8 Days | 1.5 Days |
New Businesses Registered (2023)  | 19,050 (New Businesses) | 46,617 (New Businesses) |
New Businesses Registration Density (2023)  | 2.46 (Per 1000 People) | 11.32 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 17.2 % of GNI Per Capita | 0.4 % of GNI Per Capita |
In the year 2023, 19,050 new businesses got registered in United Arab Emirates and 46,617 new businesses got registered in Singapore.
It usually takes 3.8 days in United Arab Emirates and 1.5 days in Singapore to register a new business legally and systematically.
Indicators | United Arab Emirates | Singapore |
|---|---|---|
Imports of Goods and Services (2023)  | 70.65 % of GDP | 136.94 % of GDP |
Total Fuel Imports (2023)  | 4.89 % of Merchandise Imports | 22.13 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 553.33 USD | 220 USD |
Time to Import Border Compliance (2023)  | 54 Hours | 33 Hours |
Cost to Import Documentary Compliance (2023)  | 283.33 USD | 40 USD |
Time to Import Documentary Compliance (2023)  | 12 Hours | 3 Hours |
Indicators | United Arab Emirates | Singapore |
|---|---|---|
Exports of Goods and Services (2023)  | 95.93 % of GDP | 174.3 % of GDP |
Total Fuel Exports (2023)  | 73.14 % of Merchandise Exports | 12.75 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 461.67 USD | 335 USD |
Time to Export Border Compliance (2023)  | 27 Hours | 10 Hours |
Cost to Export Documentary Compliance (2023)  | 140 USD | 37 USD |
Time to Export Documentary Compliance (2023)  | 4.5 Hours | 2 Hours |
Indicators | United Arab Emirates | Singapore |
|---|---|---|
Gross National Savings (2023)  | Yet to Update | 40.87 % of GDP |
Tax Revenue (2023)  | 0.57 % of GDP | 12.03 % of GDP |
Taxes on Exports (2023)  | Yet to Update | Yet to Update |
Taxes on Goods and Services (2023)  | 14.41 % of Tax Revenue | 20.17 % of Tax Revenue |
Taxes on International Trade (2023)  | 0.01 % of Revenue | 0.05 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 158 Hours | 64 Hours |
Customs and Other Import Duties (2023)  | 0.01 % of Tax Revenue | 0.07 % of Tax Revenue |
The taxes charged by United Arab Emirates on international trade is 0.01% of the total revenue and the taxes charged by Singapore on international trade is 0.05% of the total revenue.
The Taxes charged on International Trade by United Arab Emirates is 5.00 times less of its total revenue than of Singapore.
We hope you enjoyed the detailed guide on the standard of living comparsion between United Arab Emirates and Singapore.
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