Standard of Living by Country 2023 - Wisevoter (2024)

Table of Contents
Introduction Living Standards by Country Countries With Highest Living Standards Country With the Highest Standard of Living Countries by Standard of Living Afghanistan Albania Algeria Andorra Angola Antigua and Barbuda Argentina Armenia Australia Austria Azerbaijan Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Central African Republic Chad Chile Colombia Comoros Costa Rica Croatia Cuba Cyprus Czech Republic Democratic Republic of the Congo Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Eswatini Ethiopia Federated States of Micronesia Fiji Finland France Gabon Georgia Germany Ghana Greece Grenada Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Israel Italy Ivory Coast Jamaica Japan Jordan Kazakhstan Kenya Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Mauritania Mauritius Mexico Moldova Mongolia Montenegro Morocco Mozambique Myanmar Namibia Nepal Netherlands New Zealand Nicaragua Niger Nigeria Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay People's Republic of China Peru Philippines Poland Portugal Qatar Republic of Macedonia Republic of the Congo Romania Russia Rwanda Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines San Marino São Tomé and Príncipe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia Solomon Islands South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Sweden Switzerland Syria Tajikistan Tanzania Thailand The Bahamas The Gambia Togo Trinidad and Tobago Tunisia Turkey Turkmenistan Uganda Ukraine United Arab Emirates United Kingdom United States of America Uruguay Uzbekistan Vanuatu Venezuela Vietnam Yemen Zambia Zimbabwe FAQs What is a standard of living ? What country has the highest standard of living ?

Introduction

The world is home to a wide range of countries that differ greatly in terms of standard of living, as measured by the Human Development Index (HDI). The HDI looks at a nation’s wealth, health and education levels to determine its ranking. Depending on the country, its population could be enjoying high levels of economic stability and education opportunities or facing poverty and inequality. Countries with higher HDIs tend to have higher life expectancies, greater access to healthcare services, lower infant mortality rates and more educational resources. In contrast, nations with lower HDIs are struggling with limited access to clean water, food insecurity, poor sanitation systems and lack of qualified teachers for children. Furthermore, these nations may also be suffering from political turmoil or civil war that further limit development options. All these factors combine to create an unequal level of wellbeing across the globe; some countries enjoy standards of living that would be considered unimaginable in others.

Living Standards by Country

#CountryHuman Development Index (2021)Percentage Change (vs. 2020)
1Switzerland0.960.63%
2Norway0.960.21%
3Iceland0.960.21%
4Hong Kong0.950.32%
5Australia0.950.42%
6Denmark0.950.11%
7Sweden0.950.53%
8Ireland0.950.21%
9Germany0.94-0.21%
10Netherlands0.940.21%
11Finland0.940.21%
12Liechtenstein0.940.75%
13Singapore0.940%
14Belgium0.940.97%
15New Zealand0.940.11%
16Canada0.940.54%
17Luxembourg0.930.65%
18United Kingdom0.930.54%
19Japan0.930.22%
20South Korea0.930.33%
21Israel0.920.44%
22United States of America0.920.11%
23Malta0.920.77%
24Slovenia0.920.55%
25Austria0.920.33%
26United Arab Emirates0.91-0.11%
27France0.910.78%
28Spain0.910.67%
29Cyprus0.90.22%
30Italy0.90.67%
31Estonia0.89-0.22%
32Czech Republic0.89-0.34%
33Greece0.890.11%
34Poland0.880%
35Bahrain0.88-0.23%
36Lithuania0.88-0.46%
37Saudi Arabia0.880.57%
38Portugal0.870.35%
39Latvia0.86-0.92%
40Andorra0.861.18%
41Croatia0.860.35%
42Chile0.860.35%
43Qatar0.860.12%
44Hungary0.850.47%
45San Marino0.850.95%
46Slovakia0.85-1.05%
47Argentina0.840.24%
48Kuwait0.842.07%
49Turkey0.840.6%
50Montenegro0.830.73%
51Brunei0.83-0.12%
52Russia0.82-0.96%
53Romania0.82-0.36%
54Oman0.82-1.33%
55The Bahamas0.81-0.37%
56Kazakhstan0.81-0.37%
57Trinidad and Tobago0.81-0.98%
58Costa Rica0.81-0.86%
59Uruguay0.81-1.46%
60Belarus0.810.12%
61Panama0.810.5%
62Malaysia0.8-0.37%
63Georgia0.80%
64Mauritius0.8-0.25%
65Serbia0.8-0.25%
66Thailand0.8-0.25%
67Albania0.80.25%
68Bulgaria0.8-0.87%
69Grenada0.80.38%
70Barbados0.790.25%
71Antigua and Barbuda0.790%
72Seychelles0.79-1.01%
73Sri Lanka0.780.26%
74Bosnia and Herzegovina0.78-0.13%
75Saint Kitts and Nevis0.78-0.26%
76Iran0.77-0.39%
77Ukraine0.77-0.26%
78Republic of Macedonia0.77-0.52%
79People's Republic of China0.770.52%
80Dominican Republic0.770.39%
81Moldova0.770.13%
82Palau0.77-0.78%
83Cuba0.76-2.18%
84Peru0.760%
85Armenia0.760.26%
86Mexico0.760.26%
87Brazil0.75-0.53%
88Colombia0.75-0.53%
89Saint Vincent and the Grenadines0.75-1.7%
90Maldives0.751.77%
91Algeria0.751.22%
92Azerbaijan0.752.05%
93Turkmenistan0.750.54%
94Ecuador0.741.23%
95Mongolia0.74-0.81%
96Egypt0.73-0.41%
97Tunisia0.73-0.81%
98Fiji0.73-0.95%
99Suriname0.73-1.75%
100Uzbekistan0.730.69%
101Dominica0.72-0.28%
102Jordan0.72-0.41%
103Libya0.722.13%
104Paraguay0.72-1.78%
105Palestine0.72-0.14%
106Saint Lucia0.72-1.11%
107Guyana0.71-0.97%
108South Africa0.71-1.93%
109Jamaica0.71-0.56%
110Gabon0.71-0.56%
111Lebanon0.71-2.75%
112Indonesia0.71-0.56%
113Vietnam0.7-0.99%
114Philippines0.7-1.55%
115Bolivia0.69-0.14%
116Botswana0.69-2.81%
117Kyrgyzstan0.690.44%
118Venezuela0.69-0.58%
119Iraq0.691.03%
120Tajikistan0.693.16%
121Belize0.68-1.01%
122Morocco0.680.59%
123El Salvador0.680.45%
124Nicaragua0.671.99%
125Bhutan0.67-0.3%
126Bangladesh0.660.92%
127Marshall Islands0.640%
128India0.63-1.4%
129Ghana0.630%
130Federated States of Micronesia0.63-0.16%
131Guatemala0.63-1.26%
132Honduras0.620%
133São Tomé and Príncipe0.62-0.16%
134Namibia0.62-2.84%
135East Timor0.61-1.14%
136Laos0.61-0.16%
137Vanuatu0.61-0.16%
138Nepal0.6-0.33%
139Eswatini0.6-2.13%
140Equatorial Guinea0.6-0.5%
141Cambodia0.59-0.5%
142Zimbabwe0.59-1.17%
143Angola0.59-0.68%
144Myanmar0.59-2.5%
145Kenya0.580.52%
146Syria0.580%
147Cameroon0.58-0.35%
148Republic of the Congo0.57-0.52%
149Zambia0.57-0.88%
150Solomon Islands0.56-0.18%
151Comoros0.56-0.71%
152Papua New Guinea0.56-0.36%
153Mauritania0.560%
154Ivory Coast0.55-0.18%
155Tanzania0.550.18%
156Pakistan0.540.18%
157Togo0.540.75%
158Haiti0.54-0.93%
159Nigeria0.540%
160Rwanda0.530.38%
161Benin0.530.19%
162Uganda0.530.19%
163Lesotho0.51-1.34%
164Malawi0.51-0.78%
165Senegal0.51-0.39%
166Djibouti0.51-0.2%
167Sudan0.51-0.39%
168Madagascar0.50%
169The Gambia0.5-0.2%
170Ethiopia0.50%
171Eritrea0.49-0.4%
172Guinea-Bissau0.480%
173Liberia0.480.21%
174Democratic Republic of the Congo0.480%
175Afghanistan0.48-1.04%
176Sierra Leone0.480.42%
177Guinea0.47-0.21%
178Yemen0.46-1.09%
179Burkina Faso0.450%
180Mozambique0.45-1.55%
181Mali0.430.23%
182Burundi0.430%
183Central African Republic0.4-0.74%
184Niger0.4-0.25%
185Chad0.39-0.76%
186South Sudan0.39-0.26%

Countries With Highest Living Standards

The ten countries with the highest standard of living in the world are Switzerland, Norway, Iceland, Hong Kong, Australia, Denmark, Sweden, Ireland, Germany, and the Netherlands. Switzerland boasts an exceptional standard of living with a Human Development Index (HDI) of 0.96, demonstrating consistent progress. Norway and Iceland share Switzerland’s HDI of 0.96 and display remarkable stability. Hong Kong and Australia, with HDIs of 0.95, maintain a high standard of living supported by strong economies. Denmark, Sweden, and Ireland, all with HDIs of 0.95, excel in quality of life, education, and healthcare as well. Germany, ranking ninth with an HDI of 0.94, emphasizes social welfare and technological advancement. Lastly, the Netherlands, also with an HDI of 0.94, showcases a well-rounded standard of living with a focus on sustainability and innovation.

The ten countries with the highest standard of living are :

1. Switzerland – 0.96
2. Norway – 0.96
3. Iceland – 0.96
4. Hong Kong – 0.95
5. Australia – 0.95
6. Denmark – 0.95
7. Sweden – 0.95
8. Ireland – 0.95
9. Germany – 0.94
10. Netherlands – 0.94

Country With the Highest Standard of Living

Switzerland, consistently recognized as having the highest standard of living in the world, sets a remarkable benchmark for excellence in various aspects of life. With an impressive Human Development Index (HDI) of 0.96, Switzerland excels in providing its citizens with an exceptional quality of life. The country’s thriving economy, efficient infrastructure, and robust social welfare system contribute to its high standard of living. Switzerland is renowned for its strong focus on education, healthcare, and social security, ensuring that its residents have access to top-notch services and opportunities. Additionally, the country’s stunning natural landscapes, clean environment, and strong commitment to sustainability further enhance the overall well-being of its population. Switzerland’s unwavering commitment to excellence in multiple domains solidifies its position as a global leader in terms of standard of living.

Countries by Standard of Living

Standard of Living by Country 2023 - Wisevoter (1)

Afghanistan

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0.48

↓ 1.04%

Vs 2020

Ranked in the World

#175

Standard of Living by Country 2023 - Wisevoter (2)

Albania

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0.8

↑ 0.25%

Vs 2020

Ranked in the World

#67

Standard of Living by Country 2023 - Wisevoter (3)

Algeria

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0.75

↑ 1.22%

Vs 2020

Ranked in the World

#91

Standard of Living by Country 2023 - Wisevoter (4)

Andorra

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0.86

↑ 1.18%

Vs 2020

Ranked in the World

#40

Standard of Living by Country 2023 - Wisevoter (5)

Angola

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0.59

↓ 0.68%

Vs 2020

Ranked in the World

#143

Standard of Living by Country 2023 - Wisevoter (6)

Antigua and Barbuda

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0.79

- 0%

Vs 2020

Ranked in the World

#71

Standard of Living by Country 2023 - Wisevoter (7)

Argentina

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0.84

↑ 0.24%

Vs 2020

Ranked in the World

#47

Standard of Living by Country 2023 - Wisevoter (8)

Armenia

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0.76

↑ 0.26%

Vs 2020

Ranked in the World

#85

Standard of Living by Country 2023 - Wisevoter (9)

Australia

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0.95

↑ 0.42%

Vs 2020

Ranked in the World

#5

Australia is renowned for its high standard of living, as reflected in its HDI of 0.95. The country offers its citizens a high level of access to quality education, healthcare, and social services. Australia's diverse and prosperous economy, combined with a relatively low population density, contributes to high incomes, low unemployment rates, and a comfortable lifestyle. Its pristine natural environment, well-maintained cities, and strong emphasis on work-life balance further enhance the overall quality of life for its residents.

Standard of Living by Country 2023 - Wisevoter (10)

Austria

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0.92

↑ 0.33%

Vs 2020

Ranked in the World

#25

Standard of Living by Country 2023 - Wisevoter (11)

Azerbaijan

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0.75

↑ 2.05%

Vs 2020

Ranked in the World

#92

Standard of Living by Country 2023 - Wisevoter (12)

Bahrain

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0.88

↓ 0.23%

Vs 2020

Ranked in the World

#35

Standard of Living by Country 2023 - Wisevoter (13)

Bangladesh

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0.66

↑ 0.92%

Vs 2020

Ranked in the World

#126

Standard of Living by Country 2023 - Wisevoter (14)

Barbados

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0.79

↑ 0.25%

Vs 2020

Ranked in the World

#70

Standard of Living by Country 2023 - Wisevoter (15)

Belarus

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0.81

↑ 0.12%

Vs 2020

Ranked in the World

#60

Standard of Living by Country 2023 - Wisevoter (16)

Belgium

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0.94

↑ 0.97%

Vs 2020

Ranked in the World

#14

With an HDI of 0.94, Belgium offers its citizens a high standard of living and a well-developed social welfare system. The country provides universal healthcare, affordable education, and a strong emphasis on work-life balance. Belgian residents enjoy a rich cultural heritage, historic architecture, and a diverse culinary tradition. Belgium's central location in Europe, efficient transportation networks, and high environmental standards contribute to the overall well-being and quality of life experienced by its population.

Standard of Living by Country 2023 - Wisevoter (17)

Belize

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0.68

↓ 1.01%

Vs 2020

Ranked in the World

#121

Standard of Living by Country 2023 - Wisevoter (18)

Benin

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0.53

↑ 0.19%

Vs 2020

Ranked in the World

#161

Standard of Living by Country 2023 - Wisevoter (19)

Bhutan

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0.67

↓ 0.3%

Vs 2020

Ranked in the World

#125

Standard of Living by Country 2023 - Wisevoter (20)

Bolivia

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0.69

↓ 0.14%

Vs 2020

Ranked in the World

#115

Standard of Living by Country 2023 - Wisevoter (21)

Bosnia and Herzegovina

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0.78

↓ 0.13%

Vs 2020

Ranked in the World

#74

Standard of Living by Country 2023 - Wisevoter (22)

Botswana

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0.69

↓ 2.81%

Vs 2020

Ranked in the World

#116

Standard of Living by Country 2023 - Wisevoter (23)

Brazil

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0.75

↓ 0.53%

Vs 2020

Ranked in the World

#87

Standard of Living by Country 2023 - Wisevoter (24)

Brunei

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0.83

↓ 0.12%

Vs 2020

Ranked in the World

#51

Standard of Living by Country 2023 - Wisevoter (25)

Bulgaria

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0.8

↓ 0.87%

Vs 2020

Ranked in the World

#68

Standard of Living by Country 2023 - Wisevoter (26)

Burkina Faso

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0.45

- 0%

Vs 2020

Ranked in the World

#179

Standard of Living by Country 2023 - Wisevoter (27)

Burundi

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0.43

- 0%

Vs 2020

Ranked in the World

#182

Standard of Living by Country 2023 - Wisevoter (28)

Cambodia

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0.59

↓ 0.5%

Vs 2020

Ranked in the World

#141

Standard of Living by Country 2023 - Wisevoter (29)

Cameroon

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0.58

↓ 0.35%

Vs 2020

Ranked in the World

#147

Standard of Living by Country 2023 - Wisevoter (30)

Canada

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0.94

↑ 0.54%

Vs 2020

Ranked in the World

#16

With an HDI of 0.94, Canada offers its residents a high standard of living and a vast array of opportunities. The country boasts a strong social welfare system, providing universal healthcare, quality education, and social benefits. Canadians enjoy a high level of personal safety, a diverse and inclusive society, and a rich cultural heritage. Canada's stunning natural landscapes, including national parks and pristine wilderness, contribute to a high quality of life. The country's commitment to multiculturalism, progressive social policies, and strong democratic institutions further enhance the overall standard of living for its citizens.

Standard of Living by Country 2023 - Wisevoter (31)

Central African Republic

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0.4

↓ 0.74%

Vs 2020

Ranked in the World

#183

Standard of Living by Country 2023 - Wisevoter (32)

Chad

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0.39

↓ 0.76%

Vs 2020

Ranked in the World

#185

Standard of Living by Country 2023 - Wisevoter (33)

Chile

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0.86

↑ 0.35%

Vs 2020

Ranked in the World

#42

Standard of Living by Country 2023 - Wisevoter (34)

Colombia

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0.75

↓ 0.53%

Vs 2020

Ranked in the World

#88

Standard of Living by Country 2023 - Wisevoter (35)

Comoros

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0.56

↓ 0.71%

Vs 2020

Ranked in the World

#151

Standard of Living by Country 2023 - Wisevoter (36)

Costa Rica

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0.81

↓ 0.86%

Vs 2020

Ranked in the World

#58

Standard of Living by Country 2023 - Wisevoter (37)

Croatia

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0.86

↑ 0.35%

Vs 2020

Ranked in the World

#41

Standard of Living by Country 2023 - Wisevoter (38)

Cuba

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0.76

↓ 2.18%

Vs 2020

Ranked in the World

#83

Standard of Living by Country 2023 - Wisevoter (39)

Cyprus

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0.9

↑ 0.22%

Vs 2020

Ranked in the World

#29

Standard of Living by Country 2023 - Wisevoter (40)

Czech Republic

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0.89

↓ 0.34%

Vs 2020

Ranked in the World

#32

Standard of Living by Country 2023 - Wisevoter (41)

Democratic Republic of the Congo

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0.48

- 0%

Vs 2020

Ranked in the World

#174

Standard of Living by Country 2023 - Wisevoter (42)

Denmark

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0.95

↑ 0.11%

Vs 2020

Ranked in the World

#6

Denmark, with an HDI of 0.95, is renowned for its exceptional standard of living. The country places great importance on social welfare, education, and healthcare. Danish citizens benefit from a comprehensive welfare system that provides universal healthcare, high-quality education, and generous social benefits. Denmark's strong emphasis on work-life balance, environmental sustainability, and low levels of corruption contribute to a high quality of life. The country's residents enjoy a safe and inclusive society, well-designed cities, and a strong sense of community.

Standard of Living by Country 2023 - Wisevoter (43)

Djibouti

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0.51

↓ 0.2%

Vs 2020

Ranked in the World

#166

Standard of Living by Country 2023 - Wisevoter (44)

Dominica

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0.72

↓ 0.28%

Vs 2020

Ranked in the World

#101

Standard of Living by Country 2023 - Wisevoter (45)

Dominican Republic

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0.77

↑ 0.39%

Vs 2020

Ranked in the World

#80

Standard of Living by Country 2023 - Wisevoter (46)

East Timor

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0.61

↓ 1.14%

Vs 2020

Ranked in the World

#135

Standard of Living by Country 2023 - Wisevoter (48)

Egypt

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0.73

↓ 0.41%

Vs 2020

Ranked in the World

#96

Standard of Living by Country 2023 - Wisevoter (49)

El Salvador

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0.68

↑ 0.45%

Vs 2020

Ranked in the World

#123

Standard of Living by Country 2023 - Wisevoter (50)

Equatorial Guinea

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0.6

↓ 0.5%

Vs 2020

Ranked in the World

#140

Standard of Living by Country 2023 - Wisevoter (51)

Eritrea

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0.49

↓ 0.4%

Vs 2020

Ranked in the World

#171

Standard of Living by Country 2023 - Wisevoter (52)

Estonia

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0.89

↓ 0.22%

Vs 2020

Ranked in the World

#31

Standard of Living by Country 2023 - Wisevoter (53)

Eswatini

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0.6

↓ 2.13%

Vs 2020

Ranked in the World

#139

Standard of Living by Country 2023 - Wisevoter (54)

Ethiopia

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0.5

- 0%

Vs 2020

Ranked in the World

#170

Standard of Living by Country 2023 - Wisevoter (55)

Federated States of Micronesia

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0.63

↓ 0.16%

Vs 2020

Ranked in the World

#130

Standard of Living by Country 2023 - Wisevoter (56)

Fiji

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0.73

↓ 0.95%

Vs 2020

Ranked in the World

#98

Standard of Living by Country 2023 - Wisevoter (57)

Finland

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0.94

↑ 0.21%

Vs 2020

Ranked in the World

#11

With an HDI of 0.94, Finland is renowned for its high standard of living and exceptional social well-being. The country invests heavily in education, resulting in a highly skilled workforce. Finnish citizens enjoy free healthcare, affordable childcare, and comprehensive social benefits. Finland's pristine nature, saunas, and outdoor recreational opportunities contribute to a high quality of life. The country's strong commitment to gender equality, low levels of corruption, and safe and inclusive society further enhance the overall standard of living for its residents.

Standard of Living by Country 2023 - Wisevoter (58)

France

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0.91

↑ 0.78%

Vs 2020

Ranked in the World

#27

Standard of Living by Country 2023 - Wisevoter (59)

Gabon

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0.71

↓ 0.56%

Vs 2020

Ranked in the World

#110

Standard of Living by Country 2023 - Wisevoter (60)

Georgia

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0.8

- 0%

Vs 2020

Ranked in the World

#63

Standard of Living by Country 2023 - Wisevoter (61)

Germany

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0.94

↓ 0.21%

Vs 2020

Ranked in the World

#9

Germany, with an HDI of 0.94, is known for its strong economy, technological advancements, and high standard of living. The country offers its citizens a well-developed social security system, affordable healthcare, and access to quality education. Germany's residents benefit from high incomes, low unemployment rates, and a high level of social protection. The country's efficient infrastructure, well-preserved historical sites, and diverse cultural offerings further contribute to the overall well-being and standard of living enjoyed by its population.

Standard of Living by Country 2023 - Wisevoter (62)

Ghana

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0.63

- 0%

Vs 2020

Ranked in the World

#129

Standard of Living by Country 2023 - Wisevoter (63)

Greece

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0.89

↑ 0.11%

Vs 2020

Ranked in the World

#33

Standard of Living by Country 2023 - Wisevoter (64)

Grenada

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0.8

↑ 0.38%

Vs 2020

Ranked in the World

#69

Standard of Living by Country 2023 - Wisevoter (65)

Guatemala

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0.63

↓ 1.26%

Vs 2020

Ranked in the World

#131

Standard of Living by Country 2023 - Wisevoter (66)

Guinea

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0.47

↓ 0.21%

Vs 2020

Ranked in the World

#177

Standard of Living by Country 2023 - Wisevoter (67)

Guinea-Bissau

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0.48

- 0%

Vs 2020

Ranked in the World

#172

Standard of Living by Country 2023 - Wisevoter (68)

Guyana

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0.71

↓ 0.97%

Vs 2020

Ranked in the World

#107

Standard of Living by Country 2023 - Wisevoter (69)

Haiti

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0.54

↓ 0.93%

Vs 2020

Ranked in the World

#158

Standard of Living by Country 2023 - Wisevoter (70)

Honduras

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0.62

- 0%

Vs 2020

Ranked in the World

#132

Standard of Living by Country 2023 - Wisevoter (71)

Hong Kong

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0.95

↑ 0.32%

Vs 2020

Ranked in the World

#4

Hong Kong, with its cosmopolitan lifestyle and bustling economy, has achieved an HDI of 0.95, reflecting a high standard of living. The city-state boasts a highly developed infrastructure, efficient public transportation, excellent healthcare services, and a vibrant cultural scene. Hong Kong's residents benefit from high incomes, a strong educational system, and a wide range of recreational and leisure activities. However, it is important to note that the social and economic disparities within the population can impact the overall standard of living experienced by different groups in the city.

Standard of Living by Country 2023 - Wisevoter (72)

Hungary

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0.85

↑ 0.47%

Vs 2020

Ranked in the World

#44

Standard of Living by Country 2023 - Wisevoter (73)

Iceland

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0.96

↑ 0.21%

Vs 2020

Ranked in the World

#3

With an HDI of 0.96, Iceland is known for its high standard of living and quality of life. The country places great emphasis on social equality, education, healthcare, and sustainable development. Iceland's citizens benefit from a robust social welfare system, low income inequality, and high levels of civic engagement. The country's breathtaking natural landscapes, clean environment, and low crime rates further contribute to the overall well-being and high standard of living experienced by its residents.

Standard of Living by Country 2023 - Wisevoter (74)

India

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0.63

↓ 1.4%

Vs 2020

Ranked in the World

#128

Standard of Living by Country 2023 - Wisevoter (75)

Indonesia

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0.71

↓ 0.56%

Vs 2020

Ranked in the World

#112

Standard of Living by Country 2023 - Wisevoter (76)

Iran

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0.77

↓ 0.39%

Vs 2020

Ranked in the World

#76

Standard of Living by Country 2023 - Wisevoter (77)

Iraq

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0.69

↑ 1.03%

Vs 2020

Ranked in the World

#119

Standard of Living by Country 2023 - Wisevoter (78)

Ireland

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0.95

↑ 0.21%

Vs 2020

Ranked in the World

#8

With an HDI of 0.95, Ireland is a country that has experienced significant economic growth and improved standards of living in recent decades. Ireland's citizens benefit from a dynamic economy, high employment rates, and a well-functioning healthcare system. The country's rich cultural heritage, vibrant cities, and beautiful landscapes contribute to a high quality of life. Ireland's strong sense of community, educational opportunities, and investment in infrastructure further enhance the overall standard of living for its residents.

Standard of Living by Country 2023 - Wisevoter (79)

Israel

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0.92

↑ 0.44%

Vs 2020

Ranked in the World

#21

Standard of Living by Country 2023 - Wisevoter (80)

Italy

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0.9

↑ 0.67%

Vs 2020

Ranked in the World

#30

Standard of Living by Country 2023 - Wisevoter (81)

Ivory Coast

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0.55

↓ 0.18%

Vs 2020

Ranked in the World

#154

Standard of Living by Country 2023 - Wisevoter (82)

Jamaica

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0.71

↓ 0.56%

Vs 2020

Ranked in the World

#109

Standard of Living by Country 2023 - Wisevoter (83)

Japan

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0.93

↑ 0.22%

Vs 2020

Ranked in the World

#19

Japan, known for its technological advancements and rich traditions, achieves an HDI of 0.93. The country provides its residents with a high standard of living characterized by advanced healthcare, efficient public transportation, and a safe environment. Japanese citizens enjoy a long life expectancy, high educational attainment, and a strong sense of community. Japan's blend of modernity and tradition, captivating natural landscapes, and renowned cuisine further contribute to the overall quality of life experienced by its population.

Standard of Living by Country 2023 - Wisevoter (84)

Jordan

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0.72

↓ 0.41%

Vs 2020

Ranked in the World

#102

Standard of Living by Country 2023 - Wisevoter (85)

Kazakhstan

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0.81

↓ 0.37%

Vs 2020

Ranked in the World

#56

Standard of Living by Country 2023 - Wisevoter (86)

Kenya

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0.58

↑ 0.52%

Vs 2020

Ranked in the World

#145

Standard of Living by Country 2023 - Wisevoter (87)

Kuwait

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0.84

↑ 2.07%

Vs 2020

Ranked in the World

#48

Standard of Living by Country 2023 - Wisevoter (88)

Kyrgyzstan

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0.69

↑ 0.44%

Vs 2020

Ranked in the World

#117

Standard of Living by Country 2023 - Wisevoter (89)

Laos

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0.61

↓ 0.16%

Vs 2020

Ranked in the World

#136

Standard of Living by Country 2023 - Wisevoter (90)

Latvia

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0.86

↓ 0.92%

Vs 2020

Ranked in the World

#39

Standard of Living by Country 2023 - Wisevoter (91)

Lebanon

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0.71

↓ 2.75%

Vs 2020

Ranked in the World

#111

Standard of Living by Country 2023 - Wisevoter (92)

Lesotho

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0.51

↓ 1.34%

Vs 2020

Ranked in the World

#163

Standard of Living by Country 2023 - Wisevoter (93)

Liberia

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0.48

↑ 0.21%

Vs 2020

Ranked in the World

#173

Standard of Living by Country 2023 - Wisevoter (94)

Libya

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0.72

↑ 2.13%

Vs 2020

Ranked in the World

#103

Standard of Living by Country 2023 - Wisevoter (95)

Liechtenstein

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0.94

↑ 0.75%

Vs 2020

Ranked in the World

#12

Liechtenstein, with its small population and prosperous economy, achieves an HDI of 0.94. The country boasts a high standard of living characterized by a strong social safety net, excellent healthcare facilities, and high-income levels. Liechtenstein's residents enjoy a high level of personal safety, low levels of pollution, and a well-preserved natural environment. The country's commitment to sustainable development, cultural heritage preservation, and vibrant arts scene contribute to the overall well-being and quality of life experienced by its citizens.

Standard of Living by Country 2023 - Wisevoter (96)

Lithuania

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0.88

↓ 0.46%

Vs 2020

Ranked in the World

#36

Standard of Living by Country 2023 - Wisevoter (97)

Luxembourg

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0.93

↑ 0.65%

Vs 2020

Ranked in the World

#17

Luxembourg, with its small but affluent population, achieves an HDI of 0.93. The country offers its residents a high standard of living characterized by a prosperous economy, high-income levels, and excellent social services. Luxembourg provides universal healthcare, a well-developed education system, and comprehensive social security. The country's residents enjoy a high degree of personal safety, low levels of unemployment, and a vibrant cultural scene. Luxembourg's central location in Europe, efficient transportation networks, and diverse international community contribute to the overall well-being and quality of life experienced by its population.

Standard of Living by Country 2023 - Wisevoter (98)

Madagascar

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0.5

- 0%

Vs 2020

Ranked in the World

#168

Standard of Living by Country 2023 - Wisevoter (99)

Malawi

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0.51

↓ 0.78%

Vs 2020

Ranked in the World

#164

Standard of Living by Country 2023 - Wisevoter (100)

Malaysia

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0.8

↓ 0.37%

Vs 2020

Ranked in the World

#62

Standard of Living by Country 2023 - Wisevoter (101)

Maldives

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0.75

↑ 1.77%

Vs 2020

Ranked in the World

#90

Standard of Living by Country 2023 - Wisevoter (102)

Mali

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0.43

↑ 0.23%

Vs 2020

Ranked in the World

#181

Standard of Living by Country 2023 - Wisevoter (103)

Malta

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0.92

↑ 0.77%

Vs 2020

Ranked in the World

#23

Standard of Living by Country 2023 - Wisevoter (104)

Marshall Islands

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0.64

- 0%

Vs 2020

Ranked in the World

#127

Standard of Living by Country 2023 - Wisevoter (105)

Mauritania

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0.56

- 0%

Vs 2020

Ranked in the World

#153

Standard of Living by Country 2023 - Wisevoter (106)

Mauritius

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0.8

↓ 0.25%

Vs 2020

Ranked in the World

#64

Standard of Living by Country 2023 - Wisevoter (107)

Mexico

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0.76

↑ 0.26%

Vs 2020

Ranked in the World

#86

Standard of Living by Country 2023 - Wisevoter (108)

Moldova

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0.77

↑ 0.13%

Vs 2020

Ranked in the World

#81

Standard of Living by Country 2023 - Wisevoter (109)

Mongolia

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0.74

↓ 0.81%

Vs 2020

Ranked in the World

#95

Standard of Living by Country 2023 - Wisevoter (110)

Montenegro

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0.83

↑ 0.73%

Vs 2020

Ranked in the World

#50

Standard of Living by Country 2023 - Wisevoter (111)

Morocco

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0.68

↑ 0.59%

Vs 2020

Ranked in the World

#122

Standard of Living by Country 2023 - Wisevoter (112)

Mozambique

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0.45

↓ 1.55%

Vs 2020

Ranked in the World

#180

Standard of Living by Country 2023 - Wisevoter (113)

Myanmar

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0.59

↓ 2.5%

Vs 2020

Ranked in the World

#144

Standard of Living by Country 2023 - Wisevoter (114)

Namibia

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0.62

↓ 2.84%

Vs 2020

Ranked in the World

#134

Standard of Living by Country 2023 - Wisevoter (115)

Nepal

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0.6

↓ 0.33%

Vs 2020

Ranked in the World

#138

Standard of Living by Country 2023 - Wisevoter (116)

Netherlands

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0.94

↑ 0.21%

Vs 2020

Ranked in the World

#10

The Netherlands, with its progressive policies and high quality of life, achieves an HDI of 0.94. The country excels in areas such as education, healthcare, and infrastructure. Dutch citizens enjoy a high standard of living characterized by high incomes, excellent healthcare facilities, and a strong emphasis on sustainability and environmental conservation. The Netherlands' well-planned cities, extensive cycling infrastructure, and vibrant cultural scene contribute to a comfortable and enjoyable lifestyle for its residents.

Standard of Living by Country 2023 - Wisevoter (117)

New Zealand

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0.94

↑ 0.11%

Vs 2020

Ranked in the World

#15

New Zealand, with its breathtaking landscapes and emphasis on well-being, achieves an HDI of 0.94. The country provides its residents with a high standard of living characterized by a strong sense of community, access to quality healthcare, and a focus on sustainable living. New Zealand's residents benefit from ample outdoor recreational opportunities, a low crime rate, and a high level of personal freedom. The country's commitment to environmental conservation, indigenous culture, and outdoor activities further contribute to the overall well-being and quality of life enjoyed by its citizens.

Standard of Living by Country 2023 - Wisevoter (118)

Nicaragua

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0.67

↑ 1.99%

Vs 2020

Ranked in the World

#124

Standard of Living by Country 2023 - Wisevoter (119)

Niger

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0.4

↓ 0.25%

Vs 2020

Ranked in the World

#184

Standard of Living by Country 2023 - Wisevoter (120)

Nigeria

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0.54

- 0%

Vs 2020

Ranked in the World

#159

Standard of Living by Country 2023 - Wisevoter (121)

Norway

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0.96

↑ 0.21%

Vs 2020

Ranked in the World

#2

Norway is another country that consistently ranks among the highest in terms of standard of living. With an HDI of 0.96, it excels in various aspects such as education, income, and life expectancy. Norway's strong social welfare system ensures access to quality healthcare and education for its citizens. The country's wealth, primarily derived from its oil and gas reserves, contributes to high living standards, excellent infrastructure, low crime rates, and a strong sense of societal well-being.

Standard of Living by Country 2023 - Wisevoter (122)

Oman

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0.82

↓ 1.33%

Vs 2020

Ranked in the World

#54

Standard of Living by Country 2023 - Wisevoter (123)

Pakistan

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0.54

↑ 0.18%

Vs 2020

Ranked in the World

#156

Standard of Living by Country 2023 - Wisevoter (124)

Palau

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0.77

↓ 0.78%

Vs 2020

Ranked in the World

#82

Standard of Living by Country 2023 - Wisevoter (125)

Palestine

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0.72

↓ 0.14%

Vs 2020

Ranked in the World

#105

Standard of Living by Country 2023 - Wisevoter (126)

Panama

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0.81

↑ 0.5%

Vs 2020

Ranked in the World

#61

Standard of Living by Country 2023 - Wisevoter (127)

Papua New Guinea

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0.56

↓ 0.36%

Vs 2020

Ranked in the World

#152

Standard of Living by Country 2023 - Wisevoter (128)

Paraguay

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0.72

↓ 1.78%

Vs 2020

Ranked in the World

#104

Standard of Living by Country 2023 - Wisevoter (129)

People's Republic of China

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0.77

↑ 0.52%

Vs 2020

Ranked in the World

#79

Standard of Living by Country 2023 - Wisevoter (130)

Peru

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0.76

- 0%

Vs 2020

Ranked in the World

#84

Standard of Living by Country 2023 - Wisevoter (131)

Philippines

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0.7

↓ 1.55%

Vs 2020

Ranked in the World

#114

Standard of Living by Country 2023 - Wisevoter (132)

Poland

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0.88

- 0%

Vs 2020

Ranked in the World

#34

Standard of Living by Country 2023 - Wisevoter (133)

Portugal

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0.87

↑ 0.35%

Vs 2020

Ranked in the World

#38

Standard of Living by Country 2023 - Wisevoter (134)

Qatar

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0.86

↑ 0.12%

Vs 2020

Ranked in the World

#43

Standard of Living by Country 2023 - Wisevoter (135)

Republic of Macedonia

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0.77

↓ 0.52%

Vs 2020

Ranked in the World

#78

Standard of Living by Country 2023 - Wisevoter (136)

Republic of the Congo

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0.57

↓ 0.52%

Vs 2020

Ranked in the World

#148

Standard of Living by Country 2023 - Wisevoter (137)

Romania

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0.82

↓ 0.36%

Vs 2020

Ranked in the World

#53

Standard of Living by Country 2023 - Wisevoter (138)

Russia

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0.82

↓ 0.96%

Vs 2020

Ranked in the World

#52

Standard of Living by Country 2023 - Wisevoter (139)

Rwanda

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0.53

↑ 0.38%

Vs 2020

Ranked in the World

#160

Standard of Living by Country 2023 - Wisevoter (140)

Saint Kitts and Nevis

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0.78

↓ 0.26%

Vs 2020

Ranked in the World

#75

Standard of Living by Country 2023 - Wisevoter (141)

Saint Lucia

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0.72

↓ 1.11%

Vs 2020

Ranked in the World

#106

Standard of Living by Country 2023 - Wisevoter (142)

Saint Vincent and the Grenadines

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0.75

↓ 1.7%

Vs 2020

Ranked in the World

#89

Standard of Living by Country 2023 - Wisevoter (143)

San Marino

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0.85

↑ 0.95%

Vs 2020

Ranked in the World

#45

Standard of Living by Country 2023 - Wisevoter (144)

São Tomé and Príncipe

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0.62

↓ 0.16%

Vs 2020

Ranked in the World

#133

Standard of Living by Country 2023 - Wisevoter (145)

Saudi Arabia

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0.88

↑ 0.57%

Vs 2020

Ranked in the World

#37

Standard of Living by Country 2023 - Wisevoter (146)

Senegal

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0.51

↓ 0.39%

Vs 2020

Ranked in the World

#165

Standard of Living by Country 2023 - Wisevoter (147)

Serbia

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0.8

↓ 0.25%

Vs 2020

Ranked in the World

#65

Standard of Living by Country 2023 - Wisevoter (148)

Seychelles

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0.79

↓ 1.01%

Vs 2020

Ranked in the World

#72

Standard of Living by Country 2023 - Wisevoter (149)

Sierra Leone

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0.48

↑ 0.42%

Vs 2020

Ranked in the World

#176

Standard of Living by Country 2023 - Wisevoter (150)

Singapore

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0.94

- 0%

Vs 2020

Ranked in the World

#13

Singapore, known for its economic prosperity and modern infrastructure, achieves an HDI of 0.94. The country provides its residents with a high standard of living characterized by excellent healthcare, efficient public transportation, and a safe environment. Singapore's residents benefit from high incomes, low unemployment rates, and a world-class education system. The country's clean and well-maintained urban spaces, diverse culinary scene, and strong focus on innovation and technology further contribute to the overall quality of life enjoyed by its population.

Standard of Living by Country 2023 - Wisevoter (151)

Slovakia

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0.85

↓ 1.05%

Vs 2020

Ranked in the World

#46

Standard of Living by Country 2023 - Wisevoter (152)

Slovenia

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0.92

↑ 0.55%

Vs 2020

Ranked in the World

#24

Standard of Living by Country 2023 - Wisevoter (153)

Solomon Islands

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0.56

↓ 0.18%

Vs 2020

Ranked in the World

#150

Standard of Living by Country 2023 - Wisevoter (154)

South Africa

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0.71

↓ 1.93%

Vs 2020

Ranked in the World

#108

Standard of Living by Country 2023 - Wisevoter (155)

South Korea

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0.93

↑ 0.33%

Vs 2020

Ranked in the World

#20

With an HDI of 0.93, South Korea offers its residents a high standard of living and a dynamic economy. The country provides universal healthcare, quality education, and a well-developed infrastructure. South Koreans benefit from advanced technology, high-income levels, and a strong work ethic. The country's rich history, vibrant pop culture, and diverse culinary scene contribute to a high quality of life. South Korea's efficient public transportation system, cutting-edge innovation, and emphasis on education and research further enhance the overall standard of living for its citizens.

Standard of Living by Country 2023 - Wisevoter (156)

South Sudan

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0.39

↓ 0.26%

Vs 2020

Ranked in the World

#186

Standard of Living by Country 2023 - Wisevoter (157)

Spain

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0.91

↑ 0.67%

Vs 2020

Ranked in the World

#28

Standard of Living by Country 2023 - Wisevoter (158)

Sri Lanka

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0.78

↑ 0.26%

Vs 2020

Ranked in the World

#73

Standard of Living by Country 2023 - Wisevoter (159)

Sudan

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0.51

↓ 0.39%

Vs 2020

Ranked in the World

#167

Standard of Living by Country 2023 - Wisevoter (160)

Suriname

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0.73

↓ 1.75%

Vs 2020

Ranked in the World

#99

Standard of Living by Country 2023 - Wisevoter (161)

Sweden

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0.95

↑ 0.53%

Vs 2020

Ranked in the World

#7

Sweden, known for its progressive social policies and high standard of living, achieves an HDI of 0.95. The country provides its citizens with access to comprehensive healthcare, high-quality education, and a strong social safety net. Sweden's egalitarian society, low income inequality, and commitment to gender equality contribute to a high level of well-being. The country's residents enjoy a high standard of living characterized by high incomes, ample leisure time, and a strong focus on sustainability and environmental stewardship.

Standard of Living by Country 2023 - Wisevoter (162)

Switzerland

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0.96

↑ 0.63%

Vs 2020

Ranked in the World

#1

Switzerland is renowned for its exceptionally high standard of living. With a Human Development Index (HDI) of 0.96, it consistently ranks among the top countries in terms of wealth, education, healthcare, and overall well-being. Switzerland boasts a robust economy, efficient public services, a strong social safety net, and a high quality of infrastructure. Its citizens enjoy a high standard of living characterized by high incomes, low unemployment rates, excellent healthcare facilities, and a well-functioning education system.

Standard of Living by Country 2023 - Wisevoter (163)

Syria

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0.58

- 0%

Vs 2020

Ranked in the World

#146

Standard of Living by Country 2023 - Wisevoter (164)

Tajikistan

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0.69

↑ 3.16%

Vs 2020

Ranked in the World

#120

Standard of Living by Country 2023 - Wisevoter (165)

Tanzania

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0.55

↑ 0.18%

Vs 2020

Ranked in the World

#155

Standard of Living by Country 2023 - Wisevoter (166)

Thailand

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0.8

↓ 0.25%

Vs 2020

Ranked in the World

#66

Standard of Living by Country 2023 - Wisevoter (167)

The Bahamas

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0.81

↓ 0.37%

Vs 2020

Ranked in the World

#55

Standard of Living by Country 2023 - Wisevoter (168)

The Gambia

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0.5

↓ 0.2%

Vs 2020

Ranked in the World

#169

Standard of Living by Country 2023 - Wisevoter (169)

Togo

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0.54

↑ 0.75%

Vs 2020

Ranked in the World

#157

Standard of Living by Country 2023 - Wisevoter (170)

Trinidad and Tobago

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0.81

↓ 0.98%

Vs 2020

Ranked in the World

#57

Standard of Living by Country 2023 - Wisevoter (171)

Tunisia

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0.73

↓ 0.81%

Vs 2020

Ranked in the World

#97

Standard of Living by Country 2023 - Wisevoter (172)

Turkey

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0.84

↑ 0.6%

Vs 2020

Ranked in the World

#49

Standard of Living by Country 2023 - Wisevoter (173)

Turkmenistan

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add_circle

0.75

↑ 0.54%

Vs 2020

Ranked in the World

#93

Standard of Living by Country 2023 - Wisevoter (174)

Uganda

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0.53

↑ 0.19%

Vs 2020

Ranked in the World

#162

Standard of Living by Country 2023 - Wisevoter (175)

Ukraine

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0.77

↓ 0.26%

Vs 2020

Ranked in the World

#77

Standard of Living by Country 2023 - Wisevoter (176)

United Arab Emirates

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0.91

↓ 0.11%

Vs 2020

Ranked in the World

#26

Standard of Living by Country 2023 - Wisevoter (177)

United Kingdom

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0.93

↑ 0.54%

Vs 2020

Ranked in the World

#18

With an HDI of 0.93, the United Kingdom provides its residents with a high standard of living and a rich cultural heritage. The country offers a well-developed healthcare system, quality education, and diverse employment opportunities. UK residents benefit from a strong social welfare system, historic landmarks, and a thriving arts and entertainment scene. The country's vibrant multicultural cities, picturesque countryside, and strong commitment to democratic values contribute to the overall well-being and quality of life enjoyed by its citizens.

Standard of Living by Country 2023 - Wisevoter (178)

United States of America

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0.92

↑ 0.11%

Vs 2020

Ranked in the World

#22

Standard of Living by Country 2023 - Wisevoter (179)

Uruguay

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0.81

↓ 1.46%

Vs 2020

Ranked in the World

#59

Standard of Living by Country 2023 - Wisevoter (180)

Uzbekistan

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0.73

↑ 0.69%

Vs 2020

Ranked in the World

#100

Standard of Living by Country 2023 - Wisevoter (181)

Vanuatu

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0.61

↓ 0.16%

Vs 2020

Ranked in the World

#137

Standard of Living by Country 2023 - Wisevoter (182)

Venezuela

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0.69

↓ 0.58%

Vs 2020

Ranked in the World

#118

Standard of Living by Country 2023 - Wisevoter (183)

Vietnam

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0.7

↓ 0.99%

Vs 2020

Ranked in the World

#113

Standard of Living by Country 2023 - Wisevoter (184)

Yemen

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0.46

↓ 1.09%

Vs 2020

Ranked in the World

#178

Standard of Living by Country 2023 - Wisevoter (185)

Zambia

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0.57

↓ 0.88%

Vs 2020

Ranked in the World

#149

Standard of Living by Country 2023 - Wisevoter (186)

Zimbabwe

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0.59

↓ 1.17%

Vs 2020

Ranked in the World

#142

FAQs

What is a standard of living ?

Standard of living refers to the level of wealth, comfort, material possessions, and quality of life experienced by individuals or communities in a particular geographic location. It encompasses various factors such as income, employment opportunities, access to education and healthcare, housing, infrastructure, social services, and overall well-being. The standard of living is influenced by economic factors, social policies, cultural norms, and environmental conditions. It serves as a measure of the overall prosperity and welfare of a population, reflecting the extent to which basic needs are met and the availability of resources that contribute to a fulfilling and satisfying life.

What country has the highest standard of living ?

Multiple countries are often considered to have high standards of living. However, it is important to note that rankings can vary depending on the criteria and indices used for measurement. According to various reports, including the Human Development Index (HDI) and the Legatum Prosperity Index, countries such as Switzerland, Norway, Iceland, Denmark, and Sweden have consistently been ranked among the countries with the highest standards of living.

Standard of Living by Country 2023 - Wisevoter (2024)
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