Montenegro vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Montenegro ranked 153rd with $5.5B. By GDP 5-years average growth and GDP per capita, Taiwan and Montenegro ranked 115th vs 67th and 38th vs 81st, respectively.

Gross Domestic Product & Income

Stat	Montenegro	Taiwan
GDP	$5.5B	$585.8B
GDP growth, 1 year	4.5%	2.6%
GDP growth, 5-years average	3.5%	2.4%
Population	622k	23.6M
GDP per capita	$8.8k	$25k
GDP per capita growth	5.08%	N/A
Purchasing Power Parity conversion factor	0.36	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	0.43	N/A
GDP per capita, PPP adjusted	$19k	$53k
GNI, Atlas method	$5.2B	N/A
GNI per capita	$8.4k	N/A
GNI, PPP adjusted	$13B	N/A
GNI per capita, PPP adjusted	$21k	N/A

Financial system and Human development

Stat	Montenegro	Taiwan
Income Tax Rate	9%	45%
Corporate Tax Rate	9%	20%
Inflation, consumer prices	2.6%	1.5%
Inflation, GDP deflator	3.2%	N/A
Unemployment	15.5%	3.7%
Economic Freedom Index	61.5	77.1
Personal Freedom Index	8.12	8.09
Human Freedom Index	7.67	7.79
Property Rights Index	59.1	86.9
Judical Effectiveness Index	55.3	70.1
Business Freedom Index	70.8	93.9
Fiscal Health Index	23.4	91
Labor Freedom Index	74.8	60.3
Investment Freedom Index	75	60
Financial Freedom Index	50	60
Trade Freedom Index	83.8	86
Monetary Freedom Index	80.3	82.7
Government Spending Index	32.1	90.5
Tax Burden Index	85.4	75
Government Integrity Index	47.5	68.9
Corruption Perceptions Index	45	63
Life expectancy at birth, years	76.7	80.2
Suicide mortality rate, per 100,000 people	10.3	12.5
Mortality caused by road traffic injury, per 100,000 people	10.7	6.3
Intentional homicides, per 100,000 people	2.4	0.8
International tourism, number of arrivals	2.1M	N/A

Government debt & reserves

Stat	Montenegro	Taiwan
Central government debt, % of GDP	72.1%	35%
External debt stocks, % of GNI	144.1%	N/A
External debt stocks	$8B	N/A
Short-term debt, % of total reserves	17.2%	N/A
Total debt service, % of exports and primary income	63.7%	N/A
Adjusted net savings including particulate emission damage, % of GNI	N/A	N/A
Gross savings, % of GDP	14.9%	N/A
Gross capital formation, % of GDP	31.9%	N/A
Total reserves including gold	$1.2B	N/A
Foreign direct investment net inflows	$485.7M	N/A

Exports, imports and economic structure

Stat	Montenegro	Taiwan
Exports of goods and services, % of GDP	42.9%	N/A
Imports of goods and services, % of GDP	66.7%	N/A
Current account balance (balance of payments)	-$943M	N/A
Revenue excluding grants, % of GDP	N/A	N/A
Grants excluding technical cooperation, BoP	$57.7M	N/A
Personal remittances received	$588.9M	N/A
Industry including construction value added, % of GDP	15.9%	N/A
Agriculture, forestry and fishing value added, % of GDP	6.7%	N/A
Charges for the use of intellectual property, payments BoP	$6M	N/A
Charges for the use of intellectual property, receipts BoP	$432k	N/A
Expense, % of GDP	N/A	N/A
Government Expenditure, % of GDP	47.6%	17.8%