The Cayman Islands vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while the Cayman Islands ranked 158th with $5.1B. By GDP per capita, Taiwan and the Cayman Islands ranked 38th vs 6th, respectively.

Gross Domestic Product & Income

StatCayman IslandsTaiwan
GDP$5.1B$585.8B
GDP growth, 1 year3.04%2.6%
GDP growth, 5-years averageN/A2.4%
Population58k23.6M
GDP per capita$81k$25k
GDP per capita growth1.72%N/A
Purchasing Power Parity conversion factor0.93N/A
Price level ratio of PPP conversion factor GDP to market exchange rate1.12N/A
GDP per capita, PPP adjusted$73k$53k
GNI, Atlas method$3BN/A
GNI per capita$47kN/A
GNI, PPP adjusted$2.8BN/A
GNI per capita, PPP adjusted$44kN/A

Financial system and Human development

StatCayman IslandsTaiwan
Income Tax RateN/A45%
Corporate Tax RateN/A20%
Inflation, consumer prices-0.6%1.5%
Inflation, GDP deflator1.9%N/A
Unemployment4.2%3.7%
Economic Freedom Index7477.1
Personal Freedom Index8.18.09
Human Freedom Index8.17.79
Property Rights IndexN/A86.9
Judical Effectiveness IndexN/A70.1
Business Freedom IndexN/A93.9
Fiscal Health IndexN/A91
Labor Freedom IndexN/A60.3
Investment Freedom IndexN/A60
Financial Freedom IndexN/A60
Trade Freedom IndexN/A86
Monetary Freedom IndexN/A82.7
Government Spending IndexN/A90.5
Tax Burden IndexN/A75
Government Integrity IndexN/A68.9
Corruption Perceptions Index7663
Life expectancy at birth, years82.280.2
Suicide mortality rate, per 100,000 people0.512.5
Mortality caused by road traffic injury, per 100,000 people146.3
Intentional homicides, per 100,000 people8.50.8
International tourism, number of arrivals463kN/A

Government debt & reserves

StatCayman IslandsTaiwan
Central government debt, % of GDPN/A35%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNIN/AN/A
Gross savings, % of GDPN/AN/A
Gross capital formation, % of GDPN/AN/A
Total reserves including gold$162.1MN/A
Foreign direct investment net inflows$57.4BN/A

Exports, imports and economic structure

StatCayman IslandsTaiwan
Exports of goods and services, % of GDPN/AN/A
Imports of goods and services, % of GDPN/AN/A
Current account balance (balance of payments)-$997.9MN/A
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$0N/A
Personal remittances received$15.6MN/A
Industry including construction value added, % of GDP7.2%N/A
Agriculture, forestry and fishing value added, % of GDP0.4%N/A
Charges for the use of intellectual property, payments BoP$68MN/A
Charges for the use of intellectual property, receipts BoP$9.3MN/A
Expense, % of GDPN/AN/A
Government Expenditure, % of GDPN/A17.8%

Compare with countries close by GDP per capita

Cayman Islands vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
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

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