Luxembourg vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Luxembourg ranked 72nd with $70.9B. By GDP 5-years average growth and GDP per capita, Taiwan and Luxembourg ranked 115th vs 88th and 38th vs 3rd, respectively.

Gross Domestic Product & Income

Stat	Luxembourg	Taiwan
GDP	$70.9B	$585.8B
GDP growth, 1 year	3%	2.6%
GDP growth, 5-years average	3%	2.4%
Population	626k	23.6M
GDP per capita	$117k	$25k
GDP per capita growth	1.18%	N/A
Purchasing Power Parity conversion factor	0.87	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	1.03	N/A
GDP per capita, PPP adjusted	$107k	$53k
GNI, Atlas method	$43.1B	N/A
GNI per capita	$71k	N/A
GNI, PPP adjusted	$43.9B	N/A
GNI per capita, PPP adjusted	$72k	N/A

Financial system and Human development

Stat	Luxembourg	Taiwan
Income Tax Rate	42%	45%
Corporate Tax Rate	18%	20%
Inflation, consumer prices	2%	1.5%
Inflation, GDP deflator	2.5%	N/A
Unemployment	5.5%	3.7%
Economic Freedom Index	75.8	77.1
Personal Freedom Index	9.1	8.09
Human Freedom Index	8.46	7.79
Property Rights Index	86.4	86.9
Judical Effectiveness Index	74.4	70.1
Business Freedom Index	66.8	93.9
Fiscal Health Index	99	91
Labor Freedom Index	45.3	60.3
Investment Freedom Index	95	60
Financial Freedom Index	80	60
Trade Freedom Index	86.4	86
Monetary Freedom Index	76.4	82.7
Government Spending Index	45.4	90.5
Tax Burden Index	64.1	75
Government Integrity Index	90.3	68.9
Corruption Perceptions Index	81	63
Life expectancy at birth, years	82.7	80.2
Suicide mortality rate, per 100,000 people	13.5	12.5
Mortality caused by road traffic injury, per 100,000 people	6.3	6.3
Intentional homicides, per 100,000 people	0.3	0.8
International tourism, number of arrivals	1M	N/A

Government debt & reserves

Stat	Luxembourg	Taiwan
Central government debt, % of GDP	21.8%	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	20.9%	N/A
Gross savings, % of GDP	17.4%	N/A
Gross capital formation, % of GDP	17.6%	N/A
Total reserves including gold	$938.9M	N/A
Foreign direct investment net inflows	-$5.6B	N/A

Exports, imports and economic structure

Stat	Luxembourg	Taiwan
Exports of goods and services, % of GDP	211.6%	N/A
Imports of goods and services, % of GDP	175.5%	N/A
Current account balance (balance of payments)	$3.4B	N/A
Revenue excluding grants, % of GDP	40.9%	N/A
Grants excluding technical cooperation, BoP	N/A	N/A
Personal remittances received	$2.1B	N/A
Industry including construction value added, % of GDP	11.8%	N/A
Agriculture, forestry and fishing value added, % of GDP	0.2%	N/A
Charges for the use of intellectual property, payments BoP	$5B	N/A
Charges for the use of intellectual property, receipts BoP	$2.4B	N/A
Expense, % of GDP	38.7%	N/A
Government Expenditure, % of GDP	42.7%	17.8%