The Philippines vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while the Philippines ranked 40th with $330.9B. By GDP 5-years average growth and GDP per capita, Taiwan and the Philippines ranked 115th vs 21st and 38th vs 134th, respectively.

Gross Domestic Product & Income

StatPhilippinesTaiwan
GDP$330.9B$585.8B
GDP growth, 1 year6.2%2.6%
GDP growth, 5-years average6.4%2.4%
Population104.9M23.6M
GDP per capita$3.1k$25k
GDP per capita growth4.77%N/A
Purchasing Power Parity conversion factor18.25N/A
Price level ratio of PPP conversion factor GDP to market exchange rate0.35N/A
GDP per capita, PPP adjusted$8.9k$53k
GNI, Atlas method$408.8BN/A
GNI per capita$3.8kN/A
GNI, PPP adjusted$1.1TN/A
GNI per capita, PPP adjusted$11kN/A

Financial system and Human development

StatPhilippinesTaiwan
Income Tax Rate35%45%
Corporate Tax Rate30%20%
Inflation, consumer prices5.2%1.5%
Inflation, GDP deflator3.8%N/A
Unemployment2.5%3.7%
Economic Freedom Index64.577.1
Personal Freedom Index7.068.09
Human Freedom Index6.927.79
Property Rights Index54.686.9
Judical Effectiveness Index34.270.1
Business Freedom Index59.593.9
Fiscal Health Index96.391
Labor Freedom Index57.460.3
Investment Freedom Index6060
Financial Freedom Index6060
Trade Freedom Index81.686
Monetary Freedom Index66.982.7
Government Spending Index87.990.5
Tax Burden Index76.775
Government Integrity Index38.768.9
Corruption Perceptions Index3663
Life expectancy at birth, years7180.2
Suicide mortality rate, per 100,000 people3.212.5
Mortality caused by road traffic injury, per 100,000 people12.36.3
Intentional homicides, per 100,000 people8.40.8
International tourism, number of arrivals7.2MN/A

Government debt & reserves

StatPhilippinesTaiwan
Central government debt, % of GDP39.6%35%
External debt stocks, % of GNI19.9%N/A
External debt stocks$78.8BN/A
Short-term debt, % of total reserves20.3%N/A
Total debt service, % of exports and primary income8.7%N/A
Adjusted net savings including particulate emission damage, % of GNI28.5%N/A
Gross savings, % of GDP42.4%N/A
Gross capital formation, % of GDP26.9%N/A
Total reserves including gold$79.2BN/A
Foreign direct investment net inflows$9.8BN/A

Exports, imports and economic structure

StatPhilippinesTaiwan
Exports of goods and services, % of GDP31.7%N/A
Imports of goods and services, % of GDP44.4%N/A
Current account balance (balance of payments)-$8.7BN/A
Revenue excluding grants, % of GDP16.3%N/A
Grants excluding technical cooperation, BoP$436.5MN/A
Personal remittances received$33.8BN/A
Industry including construction value added, % of GDP30.7%N/A
Agriculture, forestry and fishing value added, % of GDP9.3%N/A
Charges for the use of intellectual property, payments BoP$917MN/A
Charges for the use of intellectual property, receipts BoP$44.1MN/A
Expense, % of GDP14.9%N/A
Government Expenditure, % of GDP20.1%17.8%

Compare with countries close by GDP per capita

Philippines vs

CountryGDP
per capita
Population
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M

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