Singapore vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Singapore ranked 36th with $364.2B. By GDP 5-years average growth and GDP per capita, Taiwan and Singapore ranked 115th vs 76th and 38th vs 10th, respectively.

Gross Domestic Product & Income

StatSingaporeTaiwan
GDP$364.2B$585.8B
GDP growth, 1 year3.2%2.6%
GDP growth, 5-years average3.3%2.4%
Population5.9M23.6M
GDP per capita$65k$25k
GDP per capita growth2.66%N/A
Purchasing Power Parity conversion factor0.86N/A
Price level ratio of PPP conversion factor GDP to market exchange rate0.64N/A
GDP per capita, PPP adjusted$100k$53k
GNI, Atlas method$331.4BN/A
GNI per capita$59kN/A
GNI, PPP adjusted$533.8BN/A
GNI per capita, PPP adjusted$95kN/A

Financial system and Human development

StatSingaporeTaiwan
Income Tax Rate22%45%
Corporate Tax Rate17%20%
Inflation, consumer prices0.4%1.5%
Inflation, GDP deflator1.9%N/A
Unemployment3.8%3.7%
Economic Freedom Index89.477.1
Personal Freedom Index7.448.09
Human Freedom Index8.17.79
Property Rights Index96.886.9
Judical Effectiveness Index92.970.1
Business Freedom Index92.893.9
Fiscal Health Index8091
Labor Freedom Index90.960.3
Investment Freedom Index8560
Financial Freedom Index8060
Trade Freedom Index94.886
Monetary Freedom Index85.682.7
Government Spending Index91.190.5
Tax Burden Index90.375
Government Integrity Index92.468.9
Corruption Perceptions Index8563
Life expectancy at birth, years82.980.2
Suicide mortality rate, per 100,000 people9.912.5
Mortality caused by road traffic injury, per 100,000 people2.86.3
Intentional homicides, per 100,000 people0.20.8
International tourism, number of arrivals14.7MN/A

Government debt & reserves

StatSingaporeTaiwan
Central government debt, % of GDP108.3%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 GNI36.8%N/A
Gross savings, % of GDP45.8%N/A
Gross capital formation, % of GDP26.6%N/A
Total reserves including gold$292.7BN/A
Foreign direct investment net inflows$82BN/A

Exports, imports and economic structure

StatSingaporeTaiwan
Exports of goods and services, % of GDP176.4%N/A
Imports of goods and services, % of GDP149.8%N/A
Current account balance (balance of payments)$65.1BN/A
Revenue excluding grants, % of GDP18.8%N/A
Grants excluding technical cooperation, BoP$1.6MN/A
Personal remittances receivedN/AN/A
Industry including construction value added, % of GDP25.2%N/A
Agriculture, forestry and fishing value added, % of GDP0%N/A
Charges for the use of intellectual property, payments BoP$15.2BN/A
Charges for the use of intellectual property, receipts BoP$8.7BN/A
Expense, % of GDP15.2%N/A
Government Expenditure, % of GDP17.2%17.8%

Compare with countries close by GDP per capita

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
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

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