Paraguay vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Paraguay ranked 94th with $40.5B. By GDP 5-years average growth and GDP per capita, Taiwan and Paraguay ranked 115th vs 50th and 38th vs 104th, respectively.

Gross Domestic Product & Income

Stat	Paraguay	Taiwan
GDP	$40.5B	$585.8B
GDP growth, 1 year	3.7%	2.6%
GDP growth, 5-years average	4.2%	2.4%
Population	6.8M	23.6M
GDP per capita	$5.8k	$25k
GDP per capita growth	2.35%	N/A
Purchasing Power Parity conversion factor	2453.78	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	0.43	N/A
GDP per capita, PPP adjusted	$13k	$53k
GNI, Atlas method	$39.4B	N/A
GNI per capita	$5.7k	N/A
GNI, PPP adjusted	$91.9B	N/A
GNI per capita, PPP adjusted	$13k	N/A

Financial system and Human development

Stat	Paraguay	Taiwan
Income Tax Rate	10%	45%
Corporate Tax Rate	10%	20%
Inflation, consumer prices	4%	1.5%
Inflation, GDP deflator	2.1%	N/A
Unemployment	4.7%	3.7%
Economic Freedom Index	63	77.1
Personal Freedom Index	7.3	8.09
Human Freedom Index	7.02	7.79
Property Rights Index	44.7	86.9
Judical Effectiveness Index	26.4	70.1
Business Freedom Index	60.9	93.9
Fiscal Health Index	98	91
Labor Freedom Index	29	60.3
Investment Freedom Index	75	60
Financial Freedom Index	60	60
Trade Freedom Index	75.4	86
Monetary Freedom Index	72.5	82.7
Government Spending Index	88.6	90.5
Tax Burden Index	96.1	75
Government Integrity Index	29.6	68.9
Corruption Perceptions Index	29	63
Life expectancy at birth, years	74	80.2
Suicide mortality rate, per 100,000 people	9.5	12.5
Mortality caused by road traffic injury, per 100,000 people	22.7	6.3
Intentional homicides, per 100,000 people	9.3	0.8
International tourism, number of arrivals	1.2M	N/A

Government debt & reserves

Stat	Paraguay	Taiwan
Central government debt, % of GDP	21.6%	35%
External debt stocks, % of GNI	39.9%	N/A
External debt stocks	$15.8B	N/A
Short-term debt, % of total reserves	60%	N/A
Total debt service, % of exports and primary income	15.7%	N/A
Adjusted net savings including particulate emission damage, % of GNI	14.5%	N/A
Gross savings, % of GDP	23.2%	N/A
Gross capital formation, % of GDP	22.4%	N/A
Total reserves including gold	$7.7B	N/A
Foreign direct investment net inflows	$386.9M	N/A

Exports, imports and economic structure

Stat	Paraguay	Taiwan
Exports of goods and services, % of GDP	36%	N/A
Imports of goods and services, % of GDP	34.4%	N/A
Current account balance (balance of payments)	$8.6M	N/A
Revenue excluding grants, % of GDP	17.4%	N/A
Grants excluding technical cooperation, BoP	$64.1M	N/A
Personal remittances received	$682.9M	N/A
Industry including construction value added, % of GDP	33.9%	N/A
Agriculture, forestry and fishing value added, % of GDP	10.4%	N/A
Charges for the use of intellectual property, payments BoP	$18.5M	N/A
Charges for the use of intellectual property, receipts BoP	$114.1M	N/A
Expense, % of GDP	15.6%	N/A
Government Expenditure, % of GDP	19.5%	17.8%