South Africa vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while South Africa ranked 35th with $368.3B. By GDP 5-years average growth and GDP per capita, Taiwan and South Africa ranked 115th vs 151st and 38th vs 95th, respectively.

Gross Domestic Product & Income

Stat	South Africa	Taiwan
GDP	$368.3B	$585.8B
GDP growth, 1 year	0.8%	2.6%
GDP growth, 5-years average	1.1%	2.4%
Population	57.7M	23.6M
GDP per capita	$6.4k	$25k
GDP per capita growth	-0.57%	N/A
Purchasing Power Parity conversion factor	6.16	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	0.47	N/A
GDP per capita, PPP adjusted	$14k	$53k
GNI, Atlas method	$332.3B	N/A
GNI per capita	$5.8k	N/A
GNI, PPP adjusted	$765.8B	N/A
GNI per capita, PPP adjusted	$13k	N/A

Financial system and Human development

Stat	South Africa	Taiwan
Income Tax Rate	45%	45%
Corporate Tax Rate	28%	20%
Inflation, consumer prices	4.6%	1.5%
Inflation, GDP deflator	3.9%	N/A
Unemployment	27%	3.7%
Economic Freedom Index	58.8	77.1
Personal Freedom Index	6.92	8.09
Human Freedom Index	6.78	7.79
Property Rights Index	58.4	86.9
Judical Effectiveness Index	38	70.1
Business Freedom Index	62	93.9
Fiscal Health Index	64	91
Labor Freedom Index	58.8	60.3
Investment Freedom Index	45	60
Financial Freedom Index	50	60
Trade Freedom Index	75.8	86
Monetary Freedom Index	75.9	82.7
Government Spending Index	67.4	90.5
Tax Burden Index	63.7	75
Government Integrity Index	46.6	68.9
Corruption Perceptions Index	43	63
Life expectancy at birth, years	63.5	80.2
Suicide mortality rate, per 100,000 people	11.6	12.5
Mortality caused by road traffic injury, per 100,000 people	25.9	6.3
Intentional homicides, per 100,000 people	35.9	0.8
International tourism, number of arrivals	10.5M	N/A

Government debt & reserves

Stat	South Africa	Taiwan
Central government debt, % of GDP	56.7%	35%
External debt stocks, % of GNI	50.6%	N/A
External debt stocks	$179.3B	N/A
Short-term debt, % of total reserves	70.9%	N/A
Total debt service, % of exports and primary income	19.9%	N/A
Adjusted net savings including particulate emission damage, % of GNI	0.6%	N/A
Gross savings, % of GDP	14.9%	N/A
Gross capital formation, % of GDP	17.9%	N/A
Total reserves including gold	$51.6B	N/A
Foreign direct investment net inflows	$5.5B	N/A

Exports, imports and economic structure

Stat	South Africa	Taiwan
Exports of goods and services, % of GDP	29.9%	N/A
Imports of goods and services, % of GDP	29.6%	N/A
Current account balance (balance of payments)	-$13.4B	N/A
Revenue excluding grants, % of GDP	30.9%	N/A
Grants excluding technical cooperation, BoP	$817.9M	N/A
Personal remittances received	$929M	N/A
Industry including construction value added, % of GDP	25.9%	N/A
Agriculture, forestry and fishing value added, % of GDP	2.2%	N/A
Charges for the use of intellectual property, payments BoP	$1.8B	N/A
Charges for the use of intellectual property, receipts BoP	$120.7M	N/A
Expense, % of GDP	34.4%	N/A
Government Expenditure, % of GDP	33%	17.8%