To compare the standard of living of one country to another,economists use:

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Per capita GDP (Gross Domestic Product) is the total output of a country divided by the total population. It is a useful measure to compare the standard of living between countries because it takes into account the size of the population. Real GDP and nominal GDP do not adjust for changes in the cost of living and therefore are not as reliable when comparing the standard of living between countries. Output per worker can be useful when comparing productivity, but it does not take into account differences in population size and is therefore less useful when comparing the overall standard of living.

To Compare the Standard of Living of One Country to Another,economists