Somalia vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Taiwan and Somalia ranked 115th vs 97th and 38th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Somalia	Taiwan
GDP	$4.7B	$585.8B
GDP growth, 1 year	3.1%	2.6%
GDP growth, 5-years average	2.9%	2.4%
Population	11M	23.6M
GDP per capita	$315	$25k
GDP per capita growth	-2.74%	N/A
Purchasing Power Parity conversion factor	11427.68	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	N/A	N/A
GDP per capita, PPP adjusted	$500	$53k
GNI, Atlas method	$959.2M	N/A
GNI per capita	$130	N/A
GNI, PPP adjusted	N/A	N/A
GNI per capita, PPP adjusted	N/A	N/A

Financial system and Human development

Stat	Somalia	Taiwan
Income Tax Rate	N/A	45%
Corporate Tax Rate	N/A	20%
Inflation, consumer prices	1.5%	1.5%
Inflation, GDP deflator	215.5%	N/A
Unemployment	14%	3.7%
Economic Freedom Index	29	77.1
Personal Freedom Index	3.6	8.09
Human Freedom Index	3.4	7.79
Property Rights Index	20.1	86.9
Judical Effectiveness Index	26.5	70.1
Business Freedom Index	31.6	93.9
Fiscal Health Index	N/A	91
Labor Freedom Index	N/A	60.3
Investment Freedom Index	N/A	60
Financial Freedom Index	N/A	60
Trade Freedom Index	N/A	86
Monetary Freedom Index	N/A	82.7
Government Spending Index	N/A	90.5
Tax Burden Index	N/A	75
Government Integrity Index	13.1	68.9
Corruption Perceptions Index	10	63
Life expectancy at birth, years	56.7	80.2
Suicide mortality rate, per 100,000 people	4.7	12.5
Mortality caused by road traffic injury, per 100,000 people	27.1	6.3
Intentional homicides, per 100,000 people	4.3	0.8
International tourism, number of arrivals	N/A	N/A

Government debt & reserves

Stat	Somalia	Taiwan
Central government debt, % of GDP	N/A	35%
External debt stocks, % of GNI	39.4%	N/A
External debt stocks	$2.9B	N/A
Short-term debt, % of total reserves	847.9%	N/A
Total debt service, % of exports and primary income	47.6%	N/A
Adjusted net savings including particulate emission damage, % of GNI	N/A	N/A
Gross savings, % of GDP	N/A	N/A
Gross capital formation, % of GDP	15.5%	N/A
Total reserves including gold	$23.1M	N/A
Foreign direct investment net inflows	$409M	N/A

Exports, imports and economic structure

Stat	Somalia	Taiwan
Exports of goods and services, % of GDP	25.9%	N/A
Imports of goods and services, % of GDP	99.6%	N/A
Current account balance (balance of payments)	N/A	N/A
Revenue excluding grants, % of GDP	0%	N/A
Grants excluding technical cooperation, BoP	$1.5B	N/A
Personal remittances received	$21.7M	N/A
Industry including construction value added, % of GDP	9.5%	N/A
Agriculture, forestry and fishing value added, % of GDP	62.7%	N/A
Charges for the use of intellectual property, payments BoP	N/A	N/A
Charges for the use of intellectual property, receipts BoP	N/A	N/A
Expense, % of GDP	0%	N/A
Government Expenditure, % of GDP	N/A	17.8%