Published: Monday, 21th October 2024
The Standard of living in Vatican City is 2.16 times lesser as compared to Burkina Faso.
In this page, you will find side-by-side Standard of Living comparison between Vatican City and Burkina Faso. 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 Vatican City and Burkina Faso.
 Indicators  | Vatican City  | Burkina Faso  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | Yet to Update USD | $20.785 billion USD |
GDP Per Capita (2023)  | Yet to Update | 888 USD |
GINI Ratio (2023)  | Yet to Update | 0.39 |
Inflation on Consumer Prices (2023)  | Yet to Update | 0.74 % annually |
Central Government Debt (2023)  | Yet to Update | 62.5 % 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.
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.
Indicators | Vatican City | Burkina Faso |
|---|---|---|
Human Development Index (HDI) (2024)  | Yet to Update | 0.438 |
Human Capital Index (HCI) (2024)  | Yet to Update | 0.38 |
Literacy Rate (2023)  | 87.25% (15 years+ above age) | 34.49% (15 years+ above age) |
Life Expectancy Ratio (2023)  | Yet to Update | 62.3 years |
Healthy Life Expectancy Ratio (2023)  | Yet to Update | 54.6 years |
Poverty Ratio (2023)  | Yet to Update | 43.2% of total Population |
Unemployment Rate (2023)  | Yet to Update | 5.29% 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.
Indicators | Vatican City | Burkina Faso |
|---|---|---|
Gross National Expenditure (2023)  | Yet to Update | 107.1 % of GDP |
Total Health Expenditure (2023)  | Yet to Update | 6.38 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | 0.25 % of GDP |
Government Expenditure on Education (2023)  | Yet to Update | 5.28 % of GDP |
International Tourism Expenditure (2023)  | Yet to Update | 185.20 million USD |
Number of International Tourists Arrivals (2023)  | Yet to Update | 67,000 |
Military Expenditure (2023)  | Yet to Update | 3.09 (% of GDP) |
Indicators | Vatican City | Burkina Faso |
|---|---|---|
Number of Doctors (2023)  | Yet to Update | 1 (Per 10,000 People) |
Number of Nurses (2023)  | Yet to Update | 9.2 (Per 10,000 People) |
Number of Pharmacists (2023)  | Yet to Update | 0.31 (Per 10,000 People) |
Available Hospital Beds (2023)  | Yet to Update | 0.4 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | Yet to Update | 80.2 % of total Population |
Indicators | Vatican City | Burkina Faso |
|---|---|---|
Agricultural Land (2023)  | Yet to Update | 127,400 Sq Km |
Forest Area (2023)  | Yet to Update | 61,664 Sq Km |
CO2 Emissions (2023)  | Yet to Update | 0.11 kg per PPP $ of GDP |
Access to Electricity (2023)  | Yet to Update | 19.5 % of total Population |
Access to Internet (2023)  | Yet to Update | 21.58 % of total Population |
Annual Fresh Water Withdrawals (2023)  | Yet to Update | 0.82 Billion cubic meters |
Indicators | Vatican City | Burkina Faso |
|---|---|---|
Time Required to Start a Business (2023)  | Yet to Update | 13 Days |
New Businesses Registered (2023)  | Yet to Update | 3,416 (New Businesses) |
New Businesses Registration Density (2023)  | Yet to Update | 0.32 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | Yet to Update | 42.8 % of GNI Per Capita |
Indicators | Vatican City | Burkina Faso |
|---|---|---|
Imports of Goods and Services (2023)  | Yet to Update | 35.96 % of GDP |
Total Fuel Imports (2023)  | Yet to Update | 39.58 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | Yet to Update | 264.5 USD |
Time to Import Border Compliance (2023)  | Yet to Update | 102 Hours |
Cost to Import Documentary Compliance (2023)  | Yet to Update | 196.5 USD |
Time to Import Documentary Compliance (2023)  | Yet to Update | 96 Hours |
Indicators | Vatican City | Burkina Faso |
|---|---|---|
Exports of Goods and Services (2023)  | Yet to Update | 28.86 % of GDP |
Total Fuel Exports (2023)  | Yet to Update | 0.02 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | Yet to Update | 261 USD |
Time to Export Border Compliance (2023)  | Yet to Update | 74.5 Hours |
Cost to Export Documentary Compliance (2023)  | Yet to Update | 85.5 USD |
Time to Export Documentary Compliance (2023)  | Yet to Update | 84 Hours |
Indicators | Vatican City | Burkina Faso |
|---|---|---|
Gross National Savings (2023)  | Yet to Update | 15.03 % of GDP |
Tax Revenue (2023)  | Yet to Update | 17.67 % of GDP |
Taxes on Exports (2023)  | Yet to Update | 0.02 % of Tax Revenue |
Taxes on Goods and Services (2023)  | Yet to Update | 39.97 % of Tax Revenue |
Taxes on International Trade (2023)  | Yet to Update | 11.14 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | Yet to Update | 270 Hours |
Customs and Other Import Duties (2023)  | Yet to Update | 13.8 % of Tax Revenue |
We hope you enjoyed the detailed guide on the standard of living comparsion between Vatican City and Burkina Faso.
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