The Czech Republic vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while the Czech Republic ranked 46th with $245.2B. By GDP 5-years average growth and GDP per capita, Taiwan and the Czech Republic ranked 115th vs 64th and 38th vs 43rd, respectively.

Gross Domestic Product & Income

Stat	Czech Republic	Taiwan
GDP	$245.2B	$585.8B
GDP growth, 1 year	2.9%	2.6%
GDP growth, 5-years average	3.5%	2.4%
Population	10.7M	23.6M
GDP per capita	$23k	$25k
GDP per capita growth	2.65%	N/A
Purchasing Power Parity conversion factor	12.62	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	0.58	N/A
GDP per capita, PPP adjusted	$37k	$53k
GNI, Atlas method	$215B	N/A
GNI per capita	$20k	N/A
GNI, PPP adjusted	$398.8B	N/A
GNI per capita, PPP adjusted	$38k	N/A

Financial system and Human development

Stat	Czech Republic	Taiwan
Income Tax Rate	15%	45%
Corporate Tax Rate	19%	20%
Inflation, consumer prices	2.2%	1.5%
Inflation, GDP deflator	2.5%	N/A
Unemployment	2.4%	3.7%
Economic Freedom Index	74.8	77.1
Personal Freedom Index	9.13	8.09
Human Freedom Index	8.3	7.79
Property Rights Index	76.8	86.9
Judical Effectiveness Index	49.9	70.1
Business Freedom Index	69.7	93.9
Fiscal Health Index	97.8	91
Labor Freedom Index	77.6	60.3
Investment Freedom Index	80	60
Financial Freedom Index	80	60
Trade Freedom Index	86.4	86
Monetary Freedom Index	80.8	82.7
Government Spending Index	52.7	90.5
Tax Burden Index	82	75
Government Integrity Index	64.2	68.9
Corruption Perceptions Index	59	63
Life expectancy at birth, years	79.5	80.2
Suicide mortality rate, per 100,000 people	13.1	12.5
Mortality caused by road traffic injury, per 100,000 people	5.9	6.3
Intentional homicides, per 100,000 people	0.6	0.8
International tourism, number of arrivals	10.6M	N/A

Government debt & reserves

Stat	Czech Republic	Taiwan
Central government debt, % of GDP	33%	35%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	10.3%	N/A
Gross savings, % of GDP	26.2%	N/A
Gross capital formation, % of GDP	26.2%	N/A
Total reserves including gold	$142.5B	N/A
Foreign direct investment net inflows	$8.5B	N/A

Exports, imports and economic structure

Stat	Czech Republic	Taiwan
Exports of goods and services, % of GDP	78.4%	N/A
Imports of goods and services, % of GDP	72%	N/A
Current account balance (balance of payments)	$860M	N/A
Revenue excluding grants, % of GDP	31.8%	N/A
Grants excluding technical cooperation, BoP	$243M	N/A
Personal remittances received	$3.9B	N/A
Industry including construction value added, % of GDP	32.2%	N/A
Agriculture, forestry and fishing value added, % of GDP	2%	N/A
Charges for the use of intellectual property, payments BoP	$1.5B	N/A
Charges for the use of intellectual property, receipts BoP	$495.7M	N/A
Expense, % of GDP	32.1%	N/A
Government Expenditure, % of GDP	39.7%	17.8%