Serbia vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Serbia ranked 84th with $50.6B. By GDP 5-years average growth and GDP per capita, Taiwan and Serbia ranked 115th vs 131st and 38th vs 90th, respectively.

Gross Domestic Product & Income

Stat	Serbia	Taiwan
GDP	$50.6B	$585.8B
GDP growth, 1 year	4.4%	2.6%
GDP growth, 5-years average	2%	2.4%
Population	7M	23.6M
GDP per capita	$7.2k	$25k
GDP per capita growth	4.97%	N/A
Purchasing Power Parity conversion factor	41.64	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	0.42	N/A
GDP per capita, PPP adjusted	$18k	$53k
GNI, Atlas method	$44.6B	N/A
GNI per capita	$6.4k	N/A
GNI, PPP adjusted	$115.5B	N/A
GNI per capita, PPP adjusted	$17k	N/A

Financial system and Human development

Stat	Serbia	Taiwan
Income Tax Rate	10%	45%
Corporate Tax Rate	15%	20%
Inflation, consumer prices	2%	1.5%
Inflation, GDP deflator	2.1%	N/A
Unemployment	13.5%	3.7%
Economic Freedom Index	66	77.1
Personal Freedom Index	7.84	8.09
Human Freedom Index	7.19	7.79
Property Rights Index	55.4	86.9
Judical Effectiveness Index	46.8	70.1
Business Freedom Index	72.6	93.9
Fiscal Health Index	94.1	91
Labor Freedom Index	66.9	60.3
Investment Freedom Index	70	60
Financial Freedom Index	50	60
Trade Freedom Index	78	86
Monetary Freedom Index	80.7	82.7
Government Spending Index	49.7	90.5
Tax Burden Index	83.7	75
Government Integrity Index	44	68.9
Corruption Perceptions Index	39	63
Life expectancy at birth, years	76.1	80.2
Suicide mortality rate, per 100,000 people	15.6	12.5
Mortality caused by road traffic injury, per 100,000 people	7.4	6.3
Intentional homicides, per 100,000 people	1.1	0.8
International tourism, number of arrivals	1.7M	N/A

Government debt & reserves

Stat	Serbia	Taiwan
Central government debt, % of GDP	54.3%	35%
External debt stocks, % of GNI	71.7%	N/A
External debt stocks	$34.3B	N/A
Short-term debt, % of total reserves	16.4%	N/A
Total debt service, % of exports and primary income	22.3%	N/A
Adjusted net savings including particulate emission damage, % of GNI	-3.2%	N/A
Gross savings, % of GDP	18.6%	N/A
Gross capital formation, % of GDP	22.7%	N/A
Total reserves including gold	$12.9B	N/A
Foreign direct investment net inflows	$4.1B	N/A

Exports, imports and economic structure

Stat	Serbia	Taiwan
Exports of goods and services, % of GDP	50.8%	N/A
Imports of goods and services, % of GDP	59.3%	N/A
Current account balance (balance of payments)	-$2.6B	N/A
Revenue excluding grants, % of GDP	32.8%	N/A
Grants excluding technical cooperation, BoP	$334.6M	N/A
Personal remittances received	$4.3B	N/A
Industry including construction value added, % of GDP	25.5%	N/A
Agriculture, forestry and fishing value added, % of GDP	6.3%	N/A
Charges for the use of intellectual property, payments BoP	$289.7M	N/A
Charges for the use of intellectual property, receipts BoP	$57.9M	N/A
Expense, % of GDP	36.9%	N/A
Government Expenditure, % of GDP	40.9%	17.8%