The Dominican Republic vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while the Dominican Republic ranked 67th with $85.6B. By GDP 5-years average growth and GDP per capita, Taiwan and the Dominican Republic ranked 115th vs 16th and 38th vs 85th, respectively.

Gross Domestic Product & Income

StatDominican RepublicTaiwan
GDP$85.6B$585.8B
GDP growth, 1 year7%2.6%
GDP growth, 5-years average6.6%2.4%
Population10.4M23.6M
GDP per capita$8.1k$25k
GDP per capita growth5.83%N/A
Purchasing Power Parity conversion factor22.46N/A
Price level ratio of PPP conversion factor GDP to market exchange rate0.45N/A
GDP per capita, PPP adjusted$18k$53k
GNI, Atlas method$82.5BN/A
GNI per capita$7.8kN/A
GNI, PPP adjusted$180.1BN/A
GNI per capita, PPP adjusted$17kN/A

Financial system and Human development

StatDominican RepublicTaiwan
Income Tax Rate25%45%
Corporate Tax Rate27%20%
Inflation, consumer prices3.6%1.5%
Inflation, GDP deflator4.1%N/A
Unemployment5.8%3.7%
Economic Freedom Index60.977.1
Personal Freedom Index6.978.09
Human Freedom Index6.67.79
Property Rights Index55.886.9
Judical Effectiveness Index18.270.1
Business Freedom Index50.393.9
Fiscal Health Index82.491
Labor Freedom Index57.560.3
Investment Freedom Index7060
Financial Freedom Index4060
Trade Freedom Index76.686
Monetary Freedom Index73.582.7
Government Spending Index90.590.5
Tax Burden Index84.575
Government Integrity Index31.268.9
Corruption Perceptions Index3063
Life expectancy at birth, years73.780.2
Suicide mortality rate, per 100,000 people9.912.5
Mortality caused by road traffic injury, per 100,000 people34.66.3
Intentional homicides, per 100,000 people11.30.8
International tourism, number of arrivals6.6MN/A

Government debt & reserves

StatDominican RepublicTaiwan
Central government debt, % of GDP41.6%35%
External debt stocks, % of GNI43.8%N/A
External debt stocks$33.9BN/A
Short-term debt, % of total reserves27.4%N/A
Total debt service, % of exports and primary income15.1%N/A
Adjusted net savings including particulate emission damage, % of GNI17.3%N/A
Gross savings, % of GDP23.5%N/A
Gross capital formation, % of GDP25.8%N/A
Total reserves including gold$7.7BN/A
Foreign direct investment net inflows$2.7BN/A

Exports, imports and economic structure

StatDominican RepublicTaiwan
Exports of goods and services, % of GDP23.6%N/A
Imports of goods and services, % of GDP28.5%N/A
Current account balance (balance of payments)-$1.2BN/A
Revenue excluding grants, % of GDP15.2%N/A
Grants excluding technical cooperation, BoP$105MN/A
Personal remittances received$6.8BN/A
Industry including construction value added, % of GDP28.8%N/A
Agriculture, forestry and fishing value added, % of GDP5.1%N/A
Charges for the use of intellectual property, payments BoP$157.7MN/A
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP15.7%N/A
Government Expenditure, % of GDP17.8%17.8%

Compare with countries close by GDP per capita

Dominican Republic vs

CountryGDP
per capita
Population
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M

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