Published: Monday, 21th October 2024
The Standard of living in Texas is 2.63 times better as compared to Philippines.
In this page, you will find side-by-side Standard of Living comparison between Texas and Philippines. We have created 20 standard-of-living indicators. We average the values and ranges of all those indicators and take a mathematically calculated approach to determine which entity has a better standard of living between Texas and Philippines.
 Indicators  | Texas  | Philippines  |
|---|---|---|
Human Development Index (HDI) (2023)  | 0.911 | 0.710 |
Literacy Rate (2023)  | 81 % (15 years+ above age) | 98.47 % (15 years+ above age) |
Life Expectancy Ratio (2023)  | 76.5 years | 66.4 years |
Poverty Ratio (2023)  | 14 % of total Population | 18.1 % of total Population |
Employment Rate (2023)  | 62.1 % of total labor force | 97.77 % 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 or a state. The key dimensions that give a country or a state good HDI rank are a long and healthy life, being knowledgeable and having a decent standard of living. This is expressed as a value between 0 and 1. The higher a country's or a state's human development, the higher its HDI value.
The life expectancy ratio at birth in Texas, is [ 76.5 years ], whereas the life expectancy ratio at birth in Philippines is [ 66.4 years ].
As per the data, a person born and lived in Texas is expected to live [ 10.10 years ] more than a person born and lived in Philippines.
Indicators | Texas | Philippines |
|---|---|---|
Gross Domestic Product (GDP) (2023)  | $2,664.14 billion | $471.516 billion |
GDP Per Capita (2023)  | 86,004 USD | 4,130 USD |
GINI Ratio (2023)  | 0.48 | 0.41 |
Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country or a state in a specific time period, usually a year. It is used to gauge the economic performance of a country or a state and indicates how wealthy and productive a nation or a state is. In simple terms, GDP tells us how much a country or a state 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 or a state. 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 or state.
Indicators | Texas | Philippines |
|---|---|---|
Income Tax Rates (2023)  | 0 % | 0% to 12% |
Sales Tax Rates (2023)  | 6.25 % | 0% to 12% |
Property Tax Rates (2023)  | 1.68 % | 0.5% to 2.0% |
Corporate Tax Rates (2023)  | 0 % | 20% to 25% |
Indicators | Texas | Philippines |
|---|---|---|
Access to Internet (2023)  | 87 % | 52.68 % |
Access to Electricity (2023)  | 99.9 % | 94.8 % |
Total Forest Area (2023)  | 62,149 Square Kilometers | 72,234.80 Square Kilometers |
Agricultural Land (2023)  | 685,000 Square Kilometers | 126,830 Square Kilometers |
We hope you enjoyed the detailed guide on the standard of living comparsion between Texas and Philippines.
For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.
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