Published: Monday, 21th October 2024
The Standard of living in Zambia is 1.15 times better as compared to Madagascar.
In this page, you will find side-by-side Standard of Living comparison between Zambia and Madagascar. 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 Zambia and Madagascar.
 Indicators  | Zambia  | Madagascar  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $29.536 billion USD | $15.763 billion USD |
GDP Per Capita (2023)  | 1,435 USD | 529 USD |
GINI Ratio (2023)  | 0.57 | 0.43 |
Inflation on Consumer Prices (2023)  | 10.88 % annually | 9.87 % annually |
Central Government Debt (2023)  | 71.4 % 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 Zambia is $29.536 billion USD and that of Madagascar is $15.763 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 Zambia contributes more to the country's economy compared to a person working in Madagascar.
Indicators | Zambia | Madagascar |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.569 | 0.487 |
Human Capital Index (HCI) (2024)  | 0.4 | 0.39 |
Literacy Rate (2023)  | 87.5% (15 years+ above age) | 77.48% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 61 years | 62.9 years |
Healthy Life Expectancy Ratio (2023)  | 53 years | 55.1 years |
Poverty Ratio (2023)  | 60% of total Population | 70.7% of total Population |
Unemployment Rate (2023)  | 5.91% of total labor force | 3.06% 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 Zambia is [ 0.569 ] and the HDI of Madagascar is [ 0.487 ].
The data shows that the people living in Zambia has better income, life expectancy and education level compared to Madagascar.
Indicators | Zambia | Madagascar |
|---|---|---|
Gross National Expenditure (2023)  | 76.91 % of GDP | 106.53 % of GDP |
Total Health Expenditure (2023)  | 6.62 % of GDP | 3.5 % of GDP |
Research and Development Expenditure (2023)  | 0.28 % of GDP | 0.01 % of GDP |
Government Expenditure on Education (2023)  | 3.58 % of GDP | 3.14 % of GDP |
International Tourism Expenditure (2023)  | 474 million USD | 97 million USD |
Number of International Tourists Arrivals (2023)  | 502,000 | 87,100 |
Military Expenditure (2023)  | 1.19 % of GDP | 0.65 (% of GDP) |
The total Gross National Expenditure of Zambia is 76.91% of its GDP and the total Gross National Expenditure of Madagascar is 106.53% of its GDP.
From the above data, we can say that Zambia spends 1.39 times less of its GDP on Gross National Expenditure compared to Madagascar.
Indicators | Zambia | Madagascar |
|---|---|---|
Number of Doctors (2023)  | 2.96 (Per 10,000 People) | 1.76 (Per 10,000 People) |
Number of Nurses (2023)  | 18.6 (Per 10,000 People) | 2.92 (Per 10,000 People) |
Number of Pharmacists (2023)  | 0.71 (Per 10,000 People) | 0.01 (Per 10,000 People) |
Available Hospital Beds (2023)  | 2 (Per 1000 People) | 0.2 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 96.9 % of total Population | 88.9 % of total Population |
Zambia has 1.68 times more Doctors compared to Madagascar (Per 10,000 People).
Zambia has 6.37 times more Nurses compared to Madagascar (Per 10,000 People).
Indicators | Zambia | Madagascar |
|---|---|---|
Agricultural Land (2023)  | 238,390 Sq Km | 408,950 Sq Km |
Forest Area (2023)  | 446,258.12 Sq Km | 124,165.97 Sq Km |
CO2 Emissions (2023)  | 0.13 kg per PPP $ of GDP | 0.06 kg per PPP $ of GDP |
Access to Electricity (2023)  | 47.8 % of total Population | 36.1 % of total Population |
Access to Internet (2023)  | 21.23 % of total Population | 19.73 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 1.57 Billion cubic meters | 13.46 Billion cubic meters |
47.8% of the total Population of Zambia has access to the electricity in their homes, whereas, in case of Madagascar, 36.1% of the total Population has access to electricity.
Indicators | Zambia | Madagascar |
|---|---|---|
Time Required to Start a Business (2023)  | 8.5 Days | 8 Days |
New Businesses Registered (2023)  | 17,300 (New Businesses) | 1,929 (New Businesses) |
New Businesses Registration Density (2023)  | 1.56 (Per 1000 People) | 0.11 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 34 % of GNI Per Capita | 30.2 % of GNI Per Capita |
In the year 2023, 17,300 new businesses got registered in Zambia and 1,929 new businesses got registered in Madagascar.
It usually takes 8.5 days in Zambia and 8 days in Madagascar to register a new business legally and systematically.
Indicators | Zambia | Madagascar |
|---|---|---|
Imports of Goods and Services (2023)  | 39.11 % of GDP | 39.06 % of GDP |
Total Fuel Imports (2023)  | 19.34 % of Merchandise Imports | 20.66 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 380 USD | 595 USD |
Time to Import Border Compliance (2023)  | 120 Hours | 98.73 Hours |
Cost to Import Documentary Compliance (2023)  | 175 USD | 149.55 USD |
Time to Import Documentary Compliance (2023)  | 72 Hours | 57.64 Hours |
Indicators | Zambia | Madagascar |
|---|---|---|
Exports of Goods and Services (2023)  | 40.78 % of GDP | 32.53 % of GDP |
Total Fuel Exports (2023)  | 4.1 % of Merchandise Exports | 2.33 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 370 USD | 867.73 USD |
Time to Export Border Compliance (2023)  | 120 Hours | 69.82 Hours |
Cost to Export Documentary Compliance (2023)  | 200 USD | 116.82 USD |
Time to Export Documentary Compliance (2023)  | 96 Hours | 48.91 Hours |
Indicators | Zambia | Madagascar |
|---|---|---|
Gross National Savings (2023)  | 45.39 % of GDP | 15.56 % of GDP |
Tax Revenue (2023)  | 16.78 % of GDP | 9.25 % of GDP |
Taxes on Exports (2023)  | 0.04 % of Tax Revenue | 3.92 % of Tax Revenue |
Taxes on Goods and Services (2023)  | 22.64 % of Tax Revenue | 54.99 % of Tax Revenue |
Taxes on International Trade (2023)  | 4.92 % of Revenue | 0.42 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 158 Hours | 183 Hours |
Customs and Other Import Duties (2023)  | 7.1 % of Tax Revenue | 0.53 % of Tax Revenue |
The taxes charged by Zambia on international trade is 4.92% of the total revenue and the taxes charged by Madagascar on international trade is 0.42% of the total revenue.
The Taxes charged on International Trade by Zambia is 11.71 times more of its total revenue than of Madagascar.
We hope you enjoyed the detailed guide on the standard of living comparsion between Zambia and Madagascar.
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