Hungary vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Hungary ranked 57th with $157.9B. By GDP 5-years average growth and GDP per capita, Taiwan and Hungary ranked 115th vs 58th and 38th vs 57th, respectively.

Gross Domestic Product & Income

Stat	Hungary	Taiwan
GDP	$157.9B	$585.8B
GDP growth, 1 year	4.9%	2.6%
GDP growth, 5-years average	3.8%	2.4%
Population	9.9M	23.6M
GDP per capita	$16k	$25k
GDP per capita growth	5.3%	N/A
Purchasing Power Parity conversion factor	140.41	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	0.52	N/A
GDP per capita, PPP adjusted	$32k	$53k
GNI, Atlas method	$144.3B	N/A
GNI per capita	$15k	N/A
GNI, PPP adjusted	$291.7B	N/A
GNI per capita, PPP adjusted	$30k	N/A

Financial system and Human development

Stat	Hungary	Taiwan
Income Tax Rate	15%	45%
Corporate Tax Rate	19%	20%
Inflation, consumer prices	2.8%	1.5%
Inflation, GDP deflator	4.5%	N/A
Unemployment	3.7%	3.7%
Economic Freedom Index	66.4	77.1
Personal Freedom Index	8.89	8.09
Human Freedom Index	8.11	7.79
Property Rights Index	64.8	86.9
Judical Effectiveness Index	45.7	70.1
Business Freedom Index	60.2	93.9
Fiscal Health Index	83.6	91
Labor Freedom Index	64.6	60.3
Investment Freedom Index	80	60
Financial Freedom Index	70	60
Trade Freedom Index	86.4	86
Monetary Freedom Index	79.9	82.7
Government Spending Index	34.5	90.5
Tax Burden Index	79.9	75
Government Integrity Index	47.5	68.9
Corruption Perceptions Index	46	63
Life expectancy at birth, years	76.1	80.2
Suicide mortality rate, per 100,000 people	19.1	12.5
Mortality caused by road traffic injury, per 100,000 people	7.8	6.3
Intentional homicides, per 100,000 people	2.5	0.8
International tourism, number of arrivals	17.6M	N/A

Government debt & reserves

Stat	Hungary	Taiwan
Central government debt, % of GDP	69.4%	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	13.2%	N/A
Gross savings, % of GDP	26.6%	N/A
Gross capital formation, % of GDP	27.2%	N/A
Total reserves including gold	$31.4B	N/A
Foreign direct investment net inflows	-$65.5B	N/A

Exports, imports and economic structure

Stat	Hungary	Taiwan
Exports of goods and services, % of GDP	84.9%	N/A
Imports of goods and services, % of GDP	80.6%	N/A
Current account balance (balance of payments)	-$677.9M	N/A
Revenue excluding grants, % of GDP	39.4%	N/A
Grants excluding technical cooperation, BoP	$253.3M	N/A
Personal remittances received	$4.2B	N/A
Industry including construction value added, % of GDP	25.4%	N/A
Agriculture, forestry and fishing value added, % of GDP	3.6%	N/A
Charges for the use of intellectual property, payments BoP	$1.5B	N/A
Charges for the use of intellectual property, receipts BoP	$1.8B	N/A
Expense, % of GDP	41.6%	N/A
Government Expenditure, % of GDP	46.7%	17.8%