Finland vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Finland ranked 43rd with $276.7B. By GDP 5-years average growth and GDP per capita, Taiwan and Finland ranked 115th vs 148th and 38th vs 17th, respectively.

Gross Domestic Product & Income

Stat	Finland	Taiwan
GDP	$276.7B	$585.8B
GDP growth, 1 year	2.4%	2.6%
GDP growth, 5-years average	1.4%	2.4%
Population	5.5M	23.6M
GDP per capita	$50k	$25k
GDP per capita growth	1.49%	N/A
Purchasing Power Parity conversion factor	0.88	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	1.04	N/A
GDP per capita, PPP adjusted	$46k	$53k
GNI, Atlas method	$266.4B	N/A
GNI per capita	$48k	N/A
GNI, PPP adjusted	$268.1B	N/A
GNI per capita, PPP adjusted	$49k	N/A

Financial system and Human development

Stat	Finland	Taiwan
Income Tax Rate	31.3%	45%
Corporate Tax Rate	20%	20%
Inflation, consumer prices	1.2%	1.5%
Inflation, GDP deflator	2.1%	N/A
Unemployment	7.8%	3.7%
Economic Freedom Index	75.7	77.1
Personal Freedom Index	9.5	8.09
Human Freedom Index	8.7	7.79
Property Rights Index	92.3	86.9
Judical Effectiveness Index	80.5	70.1
Business Freedom Index	84.8	93.9
Fiscal Health Index	90.7	91
Labor Freedom Index	50.3	60.3
Investment Freedom Index	85	60
Financial Freedom Index	80	60
Trade Freedom Index	86.4	86
Monetary Freedom Index	83.6	82.7
Government Spending Index	11.2	90.5
Tax Burden Index	67.5	75
Government Integrity Index	96.1	68.9
Corruption Perceptions Index	85	63
Life expectancy at birth, years	81.4	80.2
Suicide mortality rate, per 100,000 people	15.9	12.5
Mortality caused by road traffic injury, per 100,000 people	4.7	6.3
Intentional homicides, per 100,000 people	1.2	0.8
International tourism, number of arrivals	3.2M	N/A

Government debt & reserves

Stat	Finland	Taiwan
Central government debt, % of GDP	60.5%	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	10.2%	N/A
Gross savings, % of GDP	23.9%	N/A
Gross capital formation, % of GDP	24.9%	N/A
Total reserves including gold	$10.3B	N/A
Foreign direct investment net inflows	-$4.9B	N/A

Exports, imports and economic structure

Stat	Finland	Taiwan
Exports of goods and services, % of GDP	38.6%	N/A
Imports of goods and services, % of GDP	39.3%	N/A
Current account balance (balance of payments)	-$4.5B	N/A
Revenue excluding grants, % of GDP	36.6%	N/A
Grants excluding technical cooperation, BoP	N/A	N/A
Personal remittances received	$949.7M	N/A
Industry including construction value added, % of GDP	24.5%	N/A
Agriculture, forestry and fishing value added, % of GDP	2.5%	N/A
Charges for the use of intellectual property, payments BoP	$1.1B	N/A
Charges for the use of intellectual property, receipts BoP	$3.4B	N/A
Expense, % of GDP	37.9%	N/A
Government Expenditure, % of GDP	54.4%	17.8%