Armenia vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Armenia ranked 136th with $12.4B. By GDP 5-years average growth and GDP per capita, Taiwan and Armenia ranked 115th vs 56th and 38th vs 115th, respectively.

Gross Domestic Product & Income

StatArmeniaTaiwan
GDP$12.4B$585.8B
GDP growth, 1 year5%2.6%
GDP growth, 5-years average3.9%2.4%
Population2.9M23.6M
GDP per capita$4.2k$25k
GDP per capita growth4.95%N/A
Purchasing Power Parity conversion factor196.69N/A
Price level ratio of PPP conversion factor GDP to market exchange rate0.41N/A
GDP per capita, PPP adjusted$10k$53k
GNI, Atlas method$12.5BN/A
GNI per capita$4.2kN/A
GNI, PPP adjusted$30.9BN/A
GNI per capita, PPP adjusted$10kN/A

Financial system and Human development

StatArmeniaTaiwan
Income Tax Rate26%45%
Corporate Tax Rate20%20%
Inflation, consumer prices2.5%1.5%
Inflation, GDP deflator2.6%N/A
Unemployment17.7%3.7%
Economic Freedom Index70.677.1
Personal Freedom Index7.218.09
Human Freedom Index7.427.79
Property Rights Index60.786.9
Judical Effectiveness Index54.170.1
Business Freedom Index8193.9
Fiscal Health Index68.891
Labor Freedom Index72.560.3
Investment Freedom Index7560
Financial Freedom Index7060
Trade Freedom Index80.686
Monetary Freedom Index7682.7
Government Spending Index80.690.5
Tax Burden Index84.975
Government Integrity Index43.468.9
Corruption Perceptions Index3563
Life expectancy at birth, years74.880.2
Suicide mortality rate, per 100,000 people6.612.5
Mortality caused by road traffic injury, per 100,000 people17.16.3
Intentional homicides, per 100,000 people2.40.8
International tourism, number of arrivals1.7MN/A

Government debt & reserves

StatArmeniaTaiwan
Central government debt, % of GDP48.5%35%
External debt stocks, % of GNI87.5%N/A
External debt stocks$11BN/A
Short-term debt, % of total reserves50.2%N/A
Total debt service, % of exports and primary income29.9%N/A
Adjusted net savings including particulate emission damage, % of GNI1.5%N/A
Gross savings, % of GDP13.6%N/A
Gross capital formation, % of GDP22.4%N/A
Total reserves including gold$2.3BN/A
Foreign direct investment net inflows$254.1MN/A

Exports, imports and economic structure

StatArmeniaTaiwan
Exports of goods and services, % of GDP37.8%N/A
Imports of goods and services, % of GDP53.5%N/A
Current account balance (balance of payments)-$1.2BN/A
Revenue excluding grants, % of GDP22.5%N/A
Grants excluding technical cooperation, BoP$111.9MN/A
Personal remittances received$1.5BN/A
Industry including construction value added, % of GDP25%N/A
Agriculture, forestry and fishing value added, % of GDP13.7%N/A
Charges for the use of intellectual property, payments BoPN/AN/A
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP22.1%N/A
Government Expenditure, % of GDP25.4%17.8%

Compare with countries close by GDP per capita

Armenia vs

CountryGDP
per capita
Population
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M

Taiwan vs

CountryGDP
per capita
Population
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M