Published: Monday, 21th October 2024
The Standard of living in Vanuatu is 1.23 times lesser as compared to Turkmenistan.
In this page, you will find side-by-side Standard of Living comparison between Vanuatu and Turkmenistan. 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 Vanuatu and Turkmenistan.
 Indicators  | Vanuatu  | Turkmenistan  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $1.064 million USD | $81.822 billion USD |
GDP Per Capita (2023)  | 3,188 USD | 12,934 USD |
GINI Ratio (2023)  | 0.38 | 0.41 |
Inflation on Consumer Prices (2023)  | 6.68 % annually | Yet to Update |
Central Government Debt (2023)  | 87.1 % of GDP | 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 Vanuatu is $1.064 million USD and that of Turkmenistan is $81.822 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 Vanuatu contributes less to the country's economy compared to a person working in Turkmenistan.
Indicators | Vanuatu | Turkmenistan |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.614 | 0.744 |
Human Capital Index (HCI) (2024)  | 0.45 | Yet to Update |
Literacy Rate (2023)  | 89.1% (15 years+ above age) | 99.4% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 66.3 years | 69.1 years |
Healthy Life Expectancy Ratio (2023)  | 58.7 years | 60.8 years |
Poverty Ratio (2023)  | 15.9% of total Population | 58% of total Population |
Unemployment Rate (2023)  | 5.1% of total labor force | 4.12% 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 Vanuatu is [ 0.614 ] and the HDI of Turkmenistan is [ 0.744 ].
The data shows that the people living in Vanuatu has lower income, life expectancy and education level compared to Turkmenistan.
Indicators | Vanuatu | Turkmenistan |
|---|---|---|
Gross National Expenditure (2023)  | 143.44 % of GDP | 68.22 % of GDP |
Total Health Expenditure (2023)  | 4.37 % of GDP | 5.57 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | Yet to Update |
Government Expenditure on Education (2023)  | 2.17 % of GDP | 3.78 % of GDP |
International Tourism Expenditure (2023)  | 22 million USD | 127 million USD |
Number of International Tourists Arrivals (2023)  | 82,400 | 380,000 |
Military Expenditure (2023)  | Yet to Update | 2.9 (% of GDP) |
The total Gross National Expenditure of Vanuatu is 143.44% of its GDP and the total Gross National Expenditure of Turkmenistan is 68.22% of its GDP.
From the above data, we can say that Vanuatu spends 2.10 times more of its GDP on Gross National Expenditure compared to Turkmenistan.
Indicators | Vanuatu | Turkmenistan |
|---|---|---|
Number of Doctors (2023)  | 1.58 (Per 10,000 People) | 21.43 (Per 10,000 People) |
Number of Nurses (2023)  | 14 (Per 10,000 People) | 39.2 (Per 10,000 People) |
Number of Pharmacists (2023)  | 1.13 (Per 10,000 People) | 1.68 (Per 10,000 People) |
Available Hospital Beds (2023)  | 1.7 (Per 1000 People) | 4.03 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 75.6 % of total Population | 100 % of total Population |
Vanuatu has 13.56 times less Doctors compared to Turkmenistan (Per 10,000 People).
Vanuatu has 2.80 times less Nurses compared to Turkmenistan (Per 10,000 People).
Indicators | Vanuatu | Turkmenistan |
|---|---|---|
Agricultural Land (2023)  | 1,870 Sq Km | 338,380 Sq Km |
Forest Area (2023)  | 4,423 Sq Km | 41,270 Sq Km |
CO2 Emissions (2023)  | 0.13 kg per PPP $ of GDP | 0.6 kg per PPP $ of GDP |
Access to Electricity (2023)  | 70 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 66.34 % of total Population | 21.25 % of total Population |
Annual Fresh Water Withdrawals (2023)  | Yet to Update | 26.25 Billion cubic meters |
70% of the total Population of Vanuatu has access to the electricity in their homes, whereas, in case of Turkmenistan, 100% of the total Population has access to electricity.
Indicators | Vanuatu | Turkmenistan |
|---|---|---|
Time Required to Start a Business (2023)  | 18 Days | Yet to Update |
New Businesses Registered (2023)  | 258 (New Businesses) | Yet to Update |
New Businesses Registration Density (2023)  | 1.54 (Per 1000 People) | Yet to Update |
Cost of Business Start-Up Procedures (2023)  | 42.5 % of GNI Per Capita | Yet to Update |
Indicators | Vanuatu | Turkmenistan |
|---|---|---|
Imports of Goods and Services (2023)  | 55.46 % of GDP | 12.95 % of GDP |
Total Fuel Imports (2023)  | 18.22 % of Merchandise Imports | 1.2 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 680.63 USD | Yet to Update |
Time to Import Border Compliance (2023)  | 126 Hours | Yet to Update |
Cost to Import Documentary Compliance (2023)  | 182.5 USD | Yet to Update |
Time to Import Documentary Compliance (2023)  | 48 Hours | Yet to Update |
Indicators | Vanuatu | Turkmenistan |
|---|---|---|
Exports of Goods and Services (2023)  | 15.3 % of GDP | 22.23 % of GDP |
Total Fuel Exports (2023)  | 0.07 % of Merchandise Exports | 81.01 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 709 USD | Yet to Update |
Time to Export Border Compliance (2023)  | 38 Hours | Yet to Update |
Cost to Export Documentary Compliance (2023)  | 190 USD | Yet to Update |
Time to Export Documentary Compliance (2023)  | 72 Hours | Yet to Update |
Indicators | Vanuatu | Turkmenistan |
|---|---|---|
Gross National Savings (2023)  | 39.67 % of GDP | Yet to Update |
Tax Revenue (2023)  | 15.88 % of GDP | Yet to Update |
Taxes on Exports (2023)  | 1.35 % of Tax Revenue | Yet to Update |
Taxes on Goods and Services (2023)  | 28.02 % of Tax Revenue | Yet to Update |
Taxes on International Trade (2023)  | 7.07 % of Revenue | Yet to Update |
Time to Prepare and Pay Taxes (2023)  | 120 Hours | Yet to Update |
Customs and Other Import Duties (2023)  | 18.11 % of Tax Revenue | Yet to Update |
We hope you enjoyed the detailed guide on the standard of living comparsion between Vanuatu and Turkmenistan.
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