Living standards are measured in a variety of ways but essentially measure the material goods and necessities of life. Living standards are an important but subsidiary component of the broader notion of quality of life or human wellbeing.

A broadly accepted measure of living standards on a country by country basis is the United Nations’ Human Development Index (HDI) which is derived from income, health and education.

For more on the HDI in general go here, and for specific country information go here.