Madagascar vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Madagascar ranked 130th with $13.9B. By GDP 5-years average growth and GDP per capita, Taiwan and Madagascar ranked 115th vs 55th and 38th vs 190th, respectively.

Gross Domestic Product & Income

Stat	Madagascar	Taiwan
GDP	$13.9B	$585.8B
GDP growth, 1 year	5.2%	2.6%
GDP growth, 5-years average	4%	2.4%
Population	25.6M	23.6M
GDP per capita	$528	$25k
GDP per capita growth	1.81%	N/A
Purchasing Power Parity conversion factor	929.9	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	0.28	N/A
GDP per capita, PPP adjusted	$1.6k	$53k
GNI, Atlas method	$13.3B	N/A
GNI per capita	$510	N/A
GNI, PPP adjusted	$48.2B	N/A
GNI per capita, PPP adjusted	$1.8k	N/A

Financial system and Human development

Stat	Madagascar	Taiwan
Income Tax Rate	20%	45%
Corporate Tax Rate	20%	20%
Inflation, consumer prices	7.3%	1.5%
Inflation, GDP deflator	7.6%	N/A
Unemployment	1.7%	3.7%
Economic Freedom Index	60.5	77.1
Personal Freedom Index	7.29	8.09
Human Freedom Index	6.69	7.79
Property Rights Index	45.6	86.9
Judical Effectiveness Index	39.6	70.1
Business Freedom Index	47.3	93.9
Fiscal Health Index	90.6	91
Labor Freedom Index	44.6	60.3
Investment Freedom Index	55	60
Financial Freedom Index	50	60
Trade Freedom Index	73.6	86
Monetary Freedom Index	72.7	82.7
Government Spending Index	91.5	90.5
Tax Burden Index	90.7	75
Government Integrity Index	25	68.9
Corruption Perceptions Index	25	63
Life expectancy at birth, years	66.3	80.2
Suicide mortality rate, per 100,000 people	3.9	12.5
Mortality caused by road traffic injury, per 100,000 people	28.6	6.3
Intentional homicides, per 100,000 people	7.7	0.8
International tourism, number of arrivals	291k	N/A

Government debt & reserves

Stat	Madagascar	Taiwan
Central government debt, % of GDP	39.7%	35%
External debt stocks, % of GNI	31.8%	N/A
External debt stocks	$3.7B	N/A
Short-term debt, % of total reserves	15.6%	N/A
Total debt service, % of exports and primary income	2.7%	N/A
Adjusted net savings including particulate emission damage, % of GNI	7.7%	N/A
Gross savings, % of GDP	18.6%	N/A
Gross capital formation, % of GDP	19.6%	N/A
Total reserves including gold	$1.7B	N/A
Foreign direct investment net inflows	$612M	N/A

Exports, imports and economic structure

Stat	Madagascar	Taiwan
Exports of goods and services, % of GDP	28.7%	N/A
Imports of goods and services, % of GDP	33.8%	N/A
Current account balance (balance of payments)	$80.1M	N/A
Revenue excluding grants, % of GDP	11.4%	N/A
Grants excluding technical cooperation, BoP	$373.7M	N/A
Personal remittances received	$425.5M	N/A
Industry including construction value added, % of GDP	23.1%	N/A
Agriculture, forestry and fishing value added, % of GDP	23.8%	N/A
Charges for the use of intellectual property, payments BoP	$17.1M	N/A
Charges for the use of intellectual property, receipts BoP	$4.5M	N/A
Expense, % of GDP	9.8%	N/A
Government Expenditure, % of GDP	16.8%	17.8%