India vs Taiwan: Economic Indicators Comparison

India with a GDP of $2.7T ranked the 7th largest economy in the world, while Taiwan ranked 21st with $585.8B. By GDP 5-years average growth and GDP per capita, India and Taiwan ranked 6th vs 115th and 150th vs 38th, respectively.

Gross Domestic Product & Income

StatIndiaTaiwan
GDP$2.7T$585.8B
GDP growth, 1 year7.1%2.6%
GDP growth, 5-years average7.6%2.4%
Population1.3B23.6M
GDP per capita$2k$25k
GDP per capita growth5.71%N/A
Purchasing Power Parity conversion factor18.1N/A
Price level ratio of PPP conversion factor GDP to market exchange rate0.26N/A
GDP per capita, PPP adjusted$7.9k$53k
GNI, Atlas method$2.7TN/A
GNI per capita$2kN/A
GNI, PPP adjusted$10.4TN/A
GNI per capita, PPP adjusted$7.7kN/A

Financial system and Human development

StatIndiaTaiwan
Income Tax Rate30.9%45%
Corporate Tax Rate32.4%20%
Inflation, consumer prices3.5%1.5%
Inflation, GDP deflator4.1%N/A
Unemployment2.6%3.7%
Economic Freedom Index56.577.1
Personal Freedom Index6.968.09
Human Freedom Index6.87.79
Property Rights Index6386.9
Judical Effectiveness Index64.170.1
Business Freedom Index65.693.9
Fiscal Health Index13.191
Labor Freedom Index41.260.3
Investment Freedom Index4060
Financial Freedom Index4060
Trade Freedom Index73.486
Monetary Freedom Index7382.7
Government Spending Index77.990.5
Tax Burden Index79.475
Government Integrity Index47.268.9
Corruption Perceptions Index4163
Life expectancy at birth, years69.280.2
Suicide mortality rate, per 100,000 people16.312.5
Mortality caused by road traffic injury, per 100,000 people22.66.3
Intentional homicides, per 100,000 people3.20.8
International tourism, number of arrivals17.4MN/A

Government debt & reserves

StatIndiaTaiwan
Central government debt, % of GDP69.8%35%
External debt stocks, % of GNI19.3%N/A
External debt stocks$521.4BN/A
Short-term debt, % of total reserves26.1%N/A
Total debt service, % of exports and primary income11.4%N/A
Adjusted net savings including particulate emission damage, % of GNI16.3%N/A
Gross savings, % of GDP30.9%N/A
Gross capital formation, % of GDP31.3%N/A
Total reserves including gold$399.2BN/A
Foreign direct investment net inflows$42.1BN/A

Exports, imports and economic structure

StatIndiaTaiwan
Exports of goods and services, % of GDP19.7%N/A
Imports of goods and services, % of GDP23.6%N/A
Current account balance (balance of payments)-$65.6BN/A
Revenue excluding grants, % of GDP12.9%N/A
Grants excluding technical cooperation, BoP$689.4MN/A
Personal remittances received$78.8BN/A
Industry including construction value added, % of GDP26.7%N/A
Agriculture, forestry and fishing value added, % of GDP14.6%N/A
Charges for the use of intellectual property, payments BoP$7.9BN/A
Charges for the use of intellectual property, receipts BoP$784.9MN/A
Expense, % of GDP14.9%N/A
Government Expenditure, % of GDP27.1%17.8%

Compare with countries close by GDP per capita

India vs

CountryGDP
per capita
Population
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M

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