Sri Lanka vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Sri Lanka ranked 65th with $88.9B. By GDP 5-years average growth and GDP per capita, Taiwan and Sri Lanka ranked 115th vs 51st and 38th vs 120th, respectively.

Gross Domestic Product & Income

Stat	Sri Lanka	Taiwan
GDP	$88.9B	$585.8B
GDP growth, 1 year	3%	2.6%
GDP growth, 5-years average	4.2%	2.4%
Population	21.4M	23.6M
GDP per capita	$4.1k	$25k
GDP per capita growth	2.13%	N/A
Purchasing Power Parity conversion factor	49.49	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	0.3	N/A
GDP per capita, PPP adjusted	$13k	$53k
GNI, Atlas method	$87.9B	N/A
GNI per capita	$4.1k	N/A
GNI, PPP adjusted	$284.1B	N/A
GNI per capita, PPP adjusted	$13k	N/A

Financial system and Human development

Stat	Sri Lanka	Taiwan
Income Tax Rate	24%	45%
Corporate Tax Rate	28%	20%
Inflation, consumer prices	4.3%	1.5%
Inflation, GDP deflator	4.3%	N/A
Unemployment	4.4%	3.7%
Economic Freedom Index	57.4	77.1
Personal Freedom Index	5.24	8.09
Human Freedom Index	5.69	7.79
Property Rights Index	47.7	86.9
Judical Effectiveness Index	39.2	70.1
Business Freedom Index	76.5	93.9
Fiscal Health Index	39.3	91
Labor Freedom Index	58.6	60.3
Investment Freedom Index	40	60
Financial Freedom Index	40	60
Trade Freedom Index	67.6	86
Monetary Freedom Index	71.1	82.7
Government Spending Index	88.9	90.5
Tax Burden Index	84.8	75
Government Integrity Index	34.7	68.9
Corruption Perceptions Index	38	63
Life expectancy at birth, years	76.6	80.2
Suicide mortality rate, per 100,000 people	14.6	12.5
Mortality caused by road traffic injury, per 100,000 people	14.9	6.3
Intentional homicides, per 100,000 people	2.3	0.8
International tourism, number of arrivals	2.3M	N/A

Government debt & reserves

Stat	Sri Lanka	Taiwan
Central government debt, % of GDP	84.1%	35%
External debt stocks, % of GNI	60.8%	N/A
External debt stocks	$52.6B	N/A
Short-term debt, % of total reserves	118.2%	N/A
Total debt service, % of exports and primary income	36%	N/A
Adjusted net savings including particulate emission damage, % of GNI	28.5%	N/A
Gross savings, % of GDP	25.5%	N/A
Gross capital formation, % of GDP	28.6%	N/A
Total reserves including gold	$6.9B	N/A
Foreign direct investment net inflows	$1.6B	N/A

Exports, imports and economic structure

Stat	Sri Lanka	Taiwan
Exports of goods and services, % of GDP	22.8%	N/A
Imports of goods and services, % of GDP	30.1%	N/A
Current account balance (balance of payments)	-$2.8B	N/A
Revenue excluding grants, % of GDP	13.3%	N/A
Grants excluding technical cooperation, BoP	$182.6M	N/A
Personal remittances received	$7B	N/A
Industry including construction value added, % of GDP	27%	N/A
Agriculture, forestry and fishing value added, % of GDP	7.9%	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	16.2%	N/A
Government Expenditure, % of GDP	19.2%	17.8%