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

Stat	Dominican Republic	Taiwan
GDP	$85.6B	$585.8B
GDP growth, 1 year	7%	2.6%
GDP growth, 5-years average	6.6%	2.4%
Population	10.4M	23.6M
GDP per capita	$8.1k	$25k
GDP per capita growth	5.83%	N/A
Purchasing Power Parity conversion factor	22.46	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	0.45	N/A
GDP per capita, PPP adjusted	$18k	$53k
GNI, Atlas method	$82.5B	N/A
GNI per capita	$7.8k	N/A
GNI, PPP adjusted	$180.1B	N/A
GNI per capita, PPP adjusted	$17k	N/A

Financial system and Human development

Stat	Dominican Republic	Taiwan
Income Tax Rate	25%	45%
Corporate Tax Rate	27%	20%
Inflation, consumer prices	3.6%	1.5%
Inflation, GDP deflator	4.1%	N/A
Unemployment	5.8%	3.7%
Economic Freedom Index	60.9	77.1
Personal Freedom Index	6.97	8.09
Human Freedom Index	6.6	7.79
Property Rights Index	55.8	86.9
Judical Effectiveness Index	18.2	70.1
Business Freedom Index	50.3	93.9
Fiscal Health Index	82.4	91
Labor Freedom Index	57.5	60.3
Investment Freedom Index	70	60
Financial Freedom Index	40	60
Trade Freedom Index	76.6	86
Monetary Freedom Index	73.5	82.7
Government Spending Index	90.5	90.5
Tax Burden Index	84.5	75
Government Integrity Index	31.2	68.9
Corruption Perceptions Index	30	63
Life expectancy at birth, years	73.7	80.2
Suicide mortality rate, per 100,000 people	9.9	12.5
Mortality caused by road traffic injury, per 100,000 people	34.6	6.3
Intentional homicides, per 100,000 people	11.3	0.8
International tourism, number of arrivals	6.6M	N/A

Government debt & reserves

Stat	Dominican Republic	Taiwan
Central government debt, % of GDP	41.6%	35%
External debt stocks, % of GNI	43.8%	N/A
External debt stocks	$33.9B	N/A
Short-term debt, % of total reserves	27.4%	N/A
Total debt service, % of exports and primary income	15.1%	N/A
Adjusted net savings including particulate emission damage, % of GNI	17.3%	N/A
Gross savings, % of GDP	23.5%	N/A
Gross capital formation, % of GDP	25.8%	N/A
Total reserves including gold	$7.7B	N/A
Foreign direct investment net inflows	$2.7B	N/A

Exports, imports and economic structure

Stat	Dominican Republic	Taiwan
Exports of goods and services, % of GDP	23.6%	N/A
Imports of goods and services, % of GDP	28.5%	N/A
Current account balance (balance of payments)	-$1.2B	N/A
Revenue excluding grants, % of GDP	15.2%	N/A
Grants excluding technical cooperation, BoP	$105M	N/A
Personal remittances received	$6.8B	N/A
Industry including construction value added, % of GDP	28.8%	N/A
Agriculture, forestry and fishing value added, % of GDP	5.1%	N/A
Charges for the use of intellectual property, payments BoP	$157.7M	N/A
Charges for the use of intellectual property, receipts BoP	N/A	N/A
Expense, % of GDP	15.7%	N/A
Government Expenditure, % of GDP	17.8%	17.8%