Namibia vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Namibia ranked 127th with $14.5B. By GDP 5-years average growth and GDP per capita, Taiwan and Namibia ranked 115th vs 117th and 38th vs 102nd, respectively.

Gross Domestic Product & Income

StatNamibiaTaiwan
GDP$14.5B$585.8B
GDP growth, 1 year-0.1%2.6%
GDP growth, 5-years average2.4%2.4%
Population2.5M23.6M
GDP per capita$5.9k$25k
GDP per capita growth-2.4%N/A
Purchasing Power Parity conversion factor7.07N/A
Price level ratio of PPP conversion factor GDP to market exchange rate0.53N/A
GDP per capita, PPP adjusted$11k$53k
GNI, Atlas method$12.8BN/A
GNI per capita$5.2kN/A
GNI, PPP adjusted$26.6BN/A
GNI per capita, PPP adjusted$11kN/A

Financial system and Human development

StatNamibiaTaiwan
Income Tax Rate37%45%
Corporate Tax Rate34%20%
Inflation, consumer prices4.3%1.5%
Inflation, GDP deflator7%N/A
Unemployment23.1%3.7%
Economic Freedom Index60.977.1
Personal Freedom Index7.158.09
Human Freedom Index6.977.79
Property Rights Index58.986.9
Judical Effectiveness Index58.570.1
Business Freedom Index65.693.9
Fiscal Health Index28.791
Labor Freedom Index84.960.3
Investment Freedom Index6560
Financial Freedom Index4060
Trade Freedom Index83.286
Monetary Freedom Index75.982.7
Government Spending Index58.190.5
Tax Burden Index65.775
Government Integrity Index4668.9
Corruption Perceptions Index5363
Life expectancy at birth, years6380.2
Suicide mortality rate, per 100,000 people8.712.5
Mortality caused by road traffic injury, per 100,000 people30.46.3
Intentional homicides, per 100,000 people17.10.8
International tourism, number of arrivals1.5MN/A

Government debt & reserves

StatNamibiaTaiwan
Central government debt, % of GDP47.1%35%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI4.5%N/A
Gross savings, % of GDP14%N/A
Gross capital formation, % of GDP12.6%N/A
Total reserves including gold$2.1BN/A
Foreign direct investment net inflows$199.6MN/A

Exports, imports and economic structure

StatNamibiaTaiwan
Exports of goods and services, % of GDP38.7%N/A
Imports of goods and services, % of GDP44.9%N/A
Current account balance (balance of payments)-$354.5MN/A
Revenue excluding grants, % of GDP31.6%N/A
Grants excluding technical cooperation, BoP$127.9MN/A
Personal remittances received$53.7MN/A
Industry including construction value added, % of GDP29.3%N/A
Agriculture, forestry and fishing value added, % of GDP7.2%N/A
Charges for the use of intellectual property, payments BoP$1.3MN/A
Charges for the use of intellectual property, receipts BoP$1.4MN/A
Expense, % of GDP31.1%N/A
Government Expenditure, % of GDP37.4%17.8%

Compare with countries close by GDP per capita

Namibia vs

CountryGDP
per capita
Population
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M

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