Published: Monday, 21th October 2024
The Standard of living in Yemen is 2.01 times lesser as compared to Argentina.
In this page, you will find side-by-side Standard of Living comparison between Yemen and Argentina. 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 Yemen and Argentina.
 Indicators  | Yemen  | Argentina  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $21.045 billion USD | $604.260 billion USD |
GDP Per Capita (2023)  | 617 USD | 12,812 USD |
GINI Ratio (2023)  | 0.37 | 0.42 |
Inflation on Consumer Prices (2023)  | 8.1 % annually | Yet to Update |
Central Government Debt (2023)  | Yet to Update | 46.6 % 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 Yemen is $21.045 billion USD and that of Argentina is $604.260 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 Yemen contributes less to the country's economy compared to a person working in Argentina.
Indicators | Yemen | Argentina |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.424 | 0.849 |
Human Capital Index (HCI) (2024)  | 0.37 | 0.6 |
Literacy Rate (2023)  | 54.1% (15 years+ above age) | 97.19% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 65.8 years | 74.6 years |
Healthy Life Expectancy Ratio (2023)  | 56.5 years | 64.8 years |
Poverty Ratio (2023)  | 48.6% of total Population | 39.2% of total Population |
Unemployment Rate (2023)  | 17.21% of total labor force | 6.18% 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 Yemen is [ 0.424 ] and the HDI of Argentina is [ 0.849 ].
The data shows that the people living in Yemen has lower income, life expectancy and education level compared to Argentina.
Indicators | Yemen | Argentina |
|---|---|---|
Gross National Expenditure (2023)  | Yet to Update | 102.42 % of GDP |
Total Health Expenditure (2023)  | 4.25 % of GDP | 9.71 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | 0.52 % of GDP |
Government Expenditure on Education (2023)  | 5.46 % of GDP | 4.65 % of GDP |
International Tourism Expenditure (2023)  | 56 million USD | 2,746 million USD |
Number of International Tourists Arrivals (2023)  | 398,000 | 7,399,000 |
Military Expenditure (2023)  | 3.97 % of GDP | 0.41 (% of GDP) |
Indicators | Yemen | Argentina |
|---|---|---|
Number of Doctors (2023)  | 2.94 (Per 10,000 People) | 38.95 (Per 10,000 People) |
Number of Nurses (2023)  | 7.24 (Per 10,000 People) | 54.5 (Per 10,000 People) |
Number of Pharmacists (2023)  | 0.98 (Per 10,000 People) | 4.97 (Per 10,000 People) |
Available Hospital Beds (2023)  | 0.71 (Per 1000 People) | 4.99 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 59.8 % of total Population | 95 % of total Population |
Yemen has 13.25 times less Doctors compared to Argentina (Per 10,000 People).
Yemen has 7.53 times less Nurses compared to Argentina (Per 10,000 People).
Indicators | Yemen | Argentina |
|---|---|---|
Agricultural Land (2023)  | 234,520 Sq Km | 1,179,577.6 Sq Km |
Forest Area (2023)  | 5,490 Sq Km | 284,636.66 Sq Km |
CO2 Emissions (2023)  | 0.3 kg per PPP $ of GDP | 0.15 kg per PPP $ of GDP |
Access to Electricity (2023)  | 76 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 26.72 % of total Population | 88.38 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 3.56 Billion cubic meters | 37.69 Billion cubic meters |
76% of the total Population of Yemen has access to the electricity in their homes, whereas, in case of Argentina, 100% of the total Population has access to electricity.
Indicators | Yemen | Argentina |
|---|---|---|
Time Required to Start a Business (2023)  | 40.5 Days | 11.5 Days |
New Businesses Registered (2023)  | Yet to Update | 5,667 (New Businesses) |
New Businesses Registration Density (2023)  | Yet to Update | 0.2 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 40.2 % of GNI Per Capita | 5 % of GNI Per Capita |
It usually takes 40.5 days in Yemen and 11.5 days in Argentina to register a new business legally and systematically.
Indicators | Yemen | Argentina |
|---|---|---|
Imports of Goods and Services (2023)  | 50.15 % of GDP | 14.05 % of GDP |
Total Fuel Imports (2023)  | 28.42 % of Merchandise Imports | 10.54 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | Yet to Update | 1,200 USD |
Time to Import Border Compliance (2023)  | Yet to Update | 60 Hours |
Cost to Import Documentary Compliance (2023)  | Yet to Update | 120 USD |
Time to Import Documentary Compliance (2023)  | Yet to Update | 166 Hours |
Indicators | Yemen | Argentina |
|---|---|---|
Exports of Goods and Services (2023)  | 8.76 % of GDP | 12.92 % of GDP |
Total Fuel Exports (2023)  | 0.15 % of Merchandise Exports | 8.81 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | Yet to Update | 150 USD |
Time to Export Border Compliance (2023)  | Yet to Update | 21 Hours |
Cost to Export Documentary Compliance (2023)  | Yet to Update | 60 USD |
Time to Export Documentary Compliance (2023)  | Yet to Update | 25 Hours |
Indicators | Yemen | Argentina |
|---|---|---|
Gross National Savings (2023)  | Yet to Update | 15.13 % of GDP |
Tax Revenue (2023)  | Yet to Update | 11.15 % of GDP |
Taxes on Exports (2023)  | Yet to Update | 16.41 % of Tax Revenue |
Taxes on Goods and Services (2023)  | Yet to Update | 29.19 % of Tax Revenue |
Taxes on International Trade (2023)  | Yet to Update | 16.57 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 248 Hours | 311.5 Hours |
Customs and Other Import Duties (2023)  | Yet to Update | 6.62 % of Tax Revenue |
We hope you enjoyed the detailed guide on the standard of living comparsion between Yemen and Argentina.
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