Liberia vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Liberia ranked 164th with $3.3B. By GDP 5-years average growth and GDP per capita, Taiwan and Liberia ranked 115th vs 161st and 38th vs 186th, respectively.

Gross Domestic Product & Income

Stat	Liberia	Taiwan
GDP	$3.3B	$585.8B
GDP growth, 1 year	1.2%	2.6%
GDP growth, 5-years average	0.6%	2.4%
Population	4.7M	23.6M
GDP per capita	$677	$25k
GDP per capita growth	-1.23%	N/A
Purchasing Power Parity conversion factor	0.52	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	0.52	N/A
GDP per capita, PPP adjusted	$1.4k	$53k
GNI, Atlas method	$2.9B	N/A
GNI per capita	$610	N/A
GNI, PPP adjusted	$5.5B	N/A
GNI per capita, PPP adjusted	$1.1k	N/A

Financial system and Human development

Stat	Liberia	Taiwan
Income Tax Rate	25%	45%
Corporate Tax Rate	25%	20%
Inflation, consumer prices	23.4%	1.5%
Inflation, GDP deflator	-1.9%	N/A
Unemployment	2%	3.7%
Economic Freedom Index	49	77.1
Personal Freedom Index	6.1	8.09
Human Freedom Index	6.6	7.79
Property Rights Index	31.1	86.9
Judical Effectiveness Index	37.9	70.1
Business Freedom Index	48.2	93.9
Fiscal Health Index	59.7	91
Labor Freedom Index	38.2	60.3
Investment Freedom Index	55	60
Financial Freedom Index	20	60
Trade Freedom Index	60.6	86
Monetary Freedom Index	62.1	82.7
Government Spending Index	65.5	90.5
Tax Burden Index	86.1	75
Government Integrity Index	23.8	68.9
Corruption Perceptions Index	32	63
Life expectancy at birth, years	63.3	80.2
Suicide mortality rate, per 100,000 people	6.8	12.5
Mortality caused by road traffic injury, per 100,000 people	35.9	6.3
Intentional homicides, per 100,000 people	3.2	0.8
International tourism, number of arrivals	N/A	N/A

Government debt & reserves

Stat	Liberia	Taiwan
Central government debt, % of GDP	40.5%	35%
External debt stocks, % of GNI	44.7%	N/A
External debt stocks	$1.3B	N/A
Short-term debt, % of total reserves	0%	N/A
Total debt service, % of exports and primary income	2.8%	N/A
Adjusted net savings including particulate emission damage, % of GNI	-99%	N/A
Gross savings, % of GDP	-64.1%	N/A
Gross capital formation, % of GDP	12.9%	N/A
Total reserves including gold	$560.3M	N/A
Foreign direct investment net inflows	$129.1M	N/A

Exports, imports and economic structure

Stat	Liberia	Taiwan
Exports of goods and services, % of GDP	26%	N/A
Imports of goods and services, % of GDP	94.3%	N/A
Current account balance (balance of payments)	-$674.1M	N/A
Revenue excluding grants, % of GDP	15.7%	N/A
Grants excluding technical cooperation, BoP	$436.2M	N/A
Personal remittances received	$459.9M	N/A
Industry including construction value added, % of GDP	12.5%	N/A
Agriculture, forestry and fishing value added, % of GDP	37.3%	N/A
Charges for the use of intellectual property, payments BoP	N/A	N/A
Charges for the use of intellectual property, receipts BoP	N/A	N/A
Expense, % of GDP	16.5%	N/A
Government Expenditure, % of GDP	33.9%	17.8%