Georgia vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Georgia ranked 119th with $17.6B. By GDP 5-years average growth and GDP per capita, Taiwan and Georgia ranked 115th vs 54th and 38th vs 111th, respectively.

Gross Domestic Product & Income

Stat	Georgia	Taiwan
GDP	$17.6B	$585.8B
GDP growth, 1 year	4.7%	2.6%
GDP growth, 5-years average	4%	2.4%
Population	3.7M	23.6M
GDP per capita	$4.7k	$25k
GDP per capita growth	4.72%	N/A
Purchasing Power Parity conversion factor	1	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	0.39	N/A
GDP per capita, PPP adjusted	$11k	$53k
GNI, Atlas method	$16.6B	N/A
GNI per capita	$4.4k	N/A
GNI, PPP adjusted	$42.9B	N/A
GNI per capita, PPP adjusted	$12k	N/A

Financial system and Human development

Stat	Georgia	Taiwan
Income Tax Rate	20%	45%
Corporate Tax Rate	15%	20%
Inflation, consumer prices	2.6%	1.5%
Inflation, GDP deflator	4.4%	N/A
Unemployment	14.1%	3.7%
Economic Freedom Index	77.1	77.1
Personal Freedom Index	7.4	8.09
Human Freedom Index	7.48	7.79
Property Rights Index	68.6	86.9
Judical Effectiveness Index	57.9	70.1
Business Freedom Index	85.3	93.9
Fiscal Health Index	94.4	91
Labor Freedom Index	76.3	60.3
Investment Freedom Index	80	60
Financial Freedom Index	70	60
Trade Freedom Index	88.6	86
Monetary Freedom Index	78.3	82.7
Government Spending Index	73.6	90.5
Tax Burden Index	87.1	75
Government Integrity Index	64.8	68.9
Corruption Perceptions Index	58	63
Life expectancy at birth, years	73.4	80.2
Suicide mortality rate, per 100,000 people	8.2	12.5
Mortality caused by road traffic injury, per 100,000 people	15.3	6.3
Intentional homicides, per 100,000 people	1	0.8
International tourism, number of arrivals	4.8M	N/A

Government debt & reserves

Stat	Georgia	Taiwan
Central government debt, % of GDP	44.5%	35%
External debt stocks, % of GNI	110.6%	N/A
External debt stocks	$17.1B	N/A
Short-term debt, % of total reserves	81.1%	N/A
Total debt service, % of exports and primary income	23.7%	N/A
Adjusted net savings including particulate emission damage, % of GNI	12.5%	N/A
Gross savings, % of GDP	21%	N/A
Gross capital formation, % of GDP	28.1%	N/A
Total reserves including gold	$3.3B	N/A
Foreign direct investment net inflows	$1.2B	N/A

Exports, imports and economic structure

Stat	Georgia	Taiwan
Exports of goods and services, % of GDP	50.6%	N/A
Imports of goods and services, % of GDP	61.2%	N/A
Current account balance (balance of payments)	-$1.2B	N/A
Revenue excluding grants, % of GDP	23%	N/A
Grants excluding technical cooperation, BoP	$314.1M	N/A
Personal remittances received	$2B	N/A
Industry including construction value added, % of GDP	19.9%	N/A
Agriculture, forestry and fishing value added, % of GDP	6.8%	N/A
Charges for the use of intellectual property, payments BoP	$27.1M	N/A
Charges for the use of intellectual property, receipts BoP	$270k	N/A
Expense, % of GDP	21.4%	N/A
Government Expenditure, % of GDP	29.6%	17.8%