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Venezuela vs Indonesia (Standard of Living)

Published: Monday, 21th October 2024

Recently Updated: Sunday, 12th January 2025

The Standard of living in Venezuela is 1.04 times lesser as compared to Indonesia.

In this page, you will find side-by-side Standard of Living comparison between Venezuela and Indonesia. 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 Venezuela and Indonesia.

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Economic Factors Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of venezuela
Venezuela
Image illustrating the flag of venezuela
Pictorial representation of map of indonesia
Indonesia
Image illustrating the flag of indonesia
Gross Domestic Product (GDP)(2023)
Image representing the total Gross Domestic Product of any specific country
$92.210 billion USD $1.476 trillion USD
GDP Per Capita
(2023)
Image representing the total Gross Domestic Product Per Capita of any specific country
3,474 USD5,271 USD
GINI Ratio
(2023)
Image representing the total GINI Ratio or GINI Coefficient of any specific country
0.450.38
Inflation on Consumer Prices
(2023)
Image representing the Percentage of Inflation on consumer prices of any specific country
254.95 % annually3.67 % annually
Central Government Debt
(2023)
Image representing the Central Government Debt of any specific country
Yet to Update45.3 % of GDP
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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 Venezuela is $92.210 billion USD and that of Indonesia is $1.476 trillion 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 Venezuela contributes less to the country's economy compared to a person working in Indonesia.

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Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of venezuela
Venezuela
Image illustrating the flag of venezuela
Pictorial representation of map of indonesia
Indonesia
Image illustrating the flag of indonesia
Human Development Index (HDI) (2024)
Image representing the Human Development Index of any specific country
0.6990.713
Human Capital Index (HCI) (2024)
Image representing the Human Capital Index of any specific country
Yet to Update0.54
Literacy Rate
(2023)
Image representing the Literacy Rate of any specific country
97.6% (15 years+ above age)96% (15 years+ above age)
Life Expectancy Ratio
(2023)
Image representation of Life Expectancy Ratio any given country
71.2 years68.3 years
Healthy Life Expectancy Ratio
(2023)
Image representation of Healthy Life Expectancy Ratio any given country
62 years60.7 years
Poverty Ratio
(2023)
Image representing the Poverty Rate of any specific country
33.1% of total Population9.4% of total Population
Unemployment Rate
(2023)
Image representing the Unemployment Rate of any specific country
5.53% of total labor force3.42% 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 Venezuela is [ 0.699 ] and the HDI of Indonesia is [ 0.713 ].

The data shows that the people living in Venezuela has lower income, life expectancy and education level compared to Indonesia.

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Government National Expenditure Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of venezuela
Venezuela
Image illustrating the flag of venezuela
Pictorial representation of map of indonesia
Indonesia
Image illustrating the flag of indonesia
Gross National Expenditure
(2023)
Image representing the total Gross National Expenditure of any specific country
114.7 % of GDP92.39 % of GDP
Total Health Expenditure
(2023)
Image representation of total Health Expenditure of any given country
4.04 % of GDP3.71 % of GDP
Research and Development Expenditure (2023)
Image representing the Government Expenditure of any specific country
0.69 % of GDP0.28 % of GDP
Government Expenditure on Education (2023)
Image representing the Government Expenditure of any specific country
6.87 % of GDP2.42 % of GDP
International Tourism Expenditure (2023)
Image representing the International Tourism Expenditure of any specific country
2,920 million USD1,980 million USD
Number of International Tourists Arrivals (2023)
Image representing the Number of International Tourists Arrival in any specific country
429,0004,053,000
Military Expenditure
(2023)
Image representing the Military Expenditure of any specific country
0.65 % of GDP0.7 (% of GDP)

The total Gross National Expenditure of Venezuela is 114.7% of its GDP and the total Gross National Expenditure of Indonesia is 92.39% of its GDP.

From the above data, we can say that Venezuela spends 1.24 times more of its GDP on Gross National Expenditure compared to Indonesia.

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Health System Facilities Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of venezuela
Venezuela
Image illustrating the flag of venezuela
Pictorial representation of map of indonesia
Indonesia
Image illustrating the flag of indonesia
Number of Doctors
(2023)
Visual representation of number of Doctors in any specific country
16.64
(Per 10,000 People)
7
(Per 10,000 People)
Number of Nurses
(2023)
Visual representation of number of Nurses in any specific country
20.01
(Per 10,000 People)
41
(Per 10,000 People)
Number of Pharmacists
(2023)
Visual representation of number of Pharmacists in any specific country
Yet to Update 3.11
(Per 10,000 People)
Available Hospital Beds
(2023)
Visual representation of Available Hospital Beds in any specific country
0.87
(Per 1000 People)
1.04
(Per 1000 People)
Pregnant Women Receiving Prenatal Care (2023)
Visual representation of Pregnant Women Receiving Prenatal Care in any specific country
97.5 % of total Population97.5 % of total Population

Venezuela has 2.38 times more Doctors compared to Indonesia (Per 10,000 People).

Venezuela has 2.05 times less Nurses compared to Indonesia (Per 10,000 People).

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Environmental Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of venezuela
Venezuela
Image illustrating the flag of venezuela
Pictorial representation of map of indonesia
Indonesia
Image illustrating the flag of indonesia
Agricultural Land
(2023)
Image Depicting the total Agricultural Land available in any specific country
215,000 Sq Km646,000 Sq Km
Forest Area
(2023)
Image Depicting the total Forest Area available in any specific country
461,733.6 Sq Km915,276.6 Sq Km
CO2 Emissions
(2023)
Image Depicting the total CO2 Emissions from any specific country
0.32 kg per PPP $ of GDP0.17 kg per PPP $ of GDP
Access to Electricity
(2023)
Image Depicting the access of electricity in any specific country
100 % of total Population100 % of total Population
Access to Internet
(2023)
Image Depicting the access of internet in any specific country
61.6 % of total Population66.48 % of total Population
Annual Fresh Water Withdrawals (2023)
Image Depicting the annual freshwater withdrawals from any specific country
22.62 Billion cubic meters222.63 Billion cubic meters

100% of the total Population of Venezuela has access to the electricity in their homes, whereas, in case of Indonesia, 100% of the total Population has access to electricity.

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Business Registration Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of venezuela
Venezuela
Image illustrating the flag of venezuela
Pictorial representation of map of indonesia
Indonesia
Image illustrating the flag of indonesia
Time Required to Start a Business (2023)
Image representing Time Required to Start a Business
230 Days12.6 Days
New Businesses Registered (2023)
Image representing New Businesses Registered
Yet to Update58,426 (New Businesses)
New Businesses Registration Density (2023)
Image representing New Businesses Registration Density
Yet to Update0.33 (Per 1000 People)
Cost of Business Start-Up Procedures (2023)
Image representing Cost of Business Start-Up Procedures
211.8 % of GNI Per Capita5.7 % of GNI Per Capita

It usually takes 230 days in Venezuela and 12.6 days in Indonesia to register a new business legally and systematically.

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Import & Export Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of venezuela
Venezuela
Image illustrating the flag of venezuela
Pictorial representation of map of indonesia
Indonesia
Image illustrating the flag of indonesia
Imports of Goods and Services (2023)
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31.4 % of GDP19.57 % of GDP
Total Fuel Imports
(2023)
Image representing Total Fuel Imports
0.83 % of Merchandise Imports18.91 % of Merchandise Imports
Cost to Import Border Compliance (2023)
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1,500 USD 382.59 USD
Time to Import Border Compliance (2023)
Image representing Time to Import Border Compliance
240 Hours99.36 Hours
Cost to Import Documentary Compliance (2023)
Image representing Cost to Import documentary Compliance
400 USD 164.4 USD
Time to Import Documentary Compliance (2023)
Image representing Time to Import Documentary Compliance
1090 Hours106.22 Hours
Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of venezuela
Venezuela
Image illustrating the flag of venezuela
Pictorial representation of map of indonesia
Indonesia
Image illustrating the flag of indonesia
Exports of Goods and Services (2023)
Image representing Exports of Goods and Services
16.69 % of GDP21.75 % of GDP
Total Fuel Exports
(2023)
Image representing Total Fuel Exports
97.68 % of Merchandise Exports24.32 % of Merchandise Exports
Cost to Export Border Compliance (2023)
Image representing Cost to Export Border Compliance
1,250 USD211.07 USD
Time to Export Border Compliance (2023)
Image representing Time to Export Border Compliance
288 Hours56.28 Hours
Cost to Export Documentary Compliance (2023)
Image representing Cost to Export documentary Compliance
375 USD138.8 USD
Time to Export Documentary Compliance (2023)
Image representing Time to Export Documentary Compliance
528 Hours61.32 Hours
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Tax Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of venezuela
Venezuela
Image illustrating the flag of venezuela
Pictorial representation of map of indonesia
Indonesia
Image illustrating the flag of indonesia
Gross National Savings
(2023)
Image representing the total Gross National Savings of any specific country
8.94 % of GDP35.95 % of GDP
Tax Revenue
(2023)
Image representing the total tax revenue collection of any specific country
Yet to Update11.6 % of GDP
Taxes on Exports
(2023)
Image representing Taxes on Exports
Yet to Update1.75 % of Tax Revenue
Taxes on Goods and Services
(2023)
Image representing Taxes on Goods and Services
Yet to Update36.98 % of Tax Revenue
Taxes on International Trade
(2023)
Image representing Taxes on International Trade
Yet to Update3.02 % of Revenue
Time to Prepare and Pay Taxes (2023)
Image representing Time to Prepare and Pay Taxes
920 Hours191 Hours
Customs and Other Import Duties (2023)
Image representing Customs and Other Import Duties
Yet to Update2.21 % of Tax Revenue
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We hope you enjoyed the detailed guide on the standard of living comparsion between Venezuela and Indonesia.

For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.

The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.

Pictorial representation of the map of Venezuela
Venezuela
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Denmark
Pictorial representation of the map of Denmark
Pictorial representation of the map of Venezuela
Venezuela
v/s
Mauritius
Pictorial representation of the map of Mauritius
Pictorial representation of the map of Venezuela
Venezuela
v/s
Kiribati
Pictorial representation of the map of Kiribati
Pictorial representation of the map of Venezuela
Venezuela
v/s
Austria
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Pictorial representation of the map of Venezuela
Venezuela
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Vanuatu
Pictorial representation of the map of Vanuatu
Pictorial representation of the map of Venezuela
Venezuela
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Estonia
Pictorial representation of the map of Estonia
Pictorial representation of the map of Venezuela
Venezuela
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Tuvalu
Pictorial representation of the map of Tuvalu
Pictorial representation of the map of Venezuela
Venezuela
v/s
Botswana
Pictorial representation of the map of Botswana
Pictorial representation of the map of Venezuela
Venezuela
v/s
Bolivia
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Pictorial representation of the map of Venezuela
Venezuela
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Taiwan
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Pictorial representation of the map of Venezuela
Venezuela
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Turkey
Pictorial representation of the map of Turkey
Pictorial representation of the map of Venezuela
Venezuela
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Zambia
Pictorial representation of the map of Zambia