Taiwan vs Tonga: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Tonga ranked 190th with $450.4M. By GDP 5-years average growth and GDP per capita, Taiwan and Tonga ranked 115th vs 89th and 38th vs 113th, respectively.

Gross Domestic Product & Income

StatTaiwanTonga
GDP$585.8B$450.4M
GDP growth, 1 year2.6%1.8%
GDP growth, 5-years average2.4%3%
Population23.6M108k
GDP per capita$25k$4.4k
GDP per capita growthN/A-0.87%
Purchasing Power Parity conversion factorN/A1.49
Price level ratio of PPP conversion factor GDP to market exchange rateN/A0.68
GDP per capita, PPP adjusted$53k$6.1k
GNI, Atlas methodN/A$443.3M
GNI per capitaN/A$4.3k
GNI, PPP adjustedN/A$672.5M
GNI per capita, PPP adjustedN/A$6.5k

Financial system and Human development

StatTaiwanTonga
Income Tax Rate45%20%
Corporate Tax Rate20%25%
Inflation, consumer prices1.5%3.9%
Inflation, GDP deflatorN/A3.6%
Unemployment3.7%1%
Economic Freedom Index77.158.8
Personal Freedom Index8.095.6
Human Freedom Index7.795.6
Property Rights Index86.960.9
Judical Effectiveness Index70.126.5
Business Freedom Index93.975
Fiscal Health Index9195.2
Labor Freedom Index60.369.8
Investment Freedom Index6040
Financial Freedom Index6020
Trade Freedom Index8674
Monetary Freedom Index82.771.4
Government Spending Index90.542.8
Tax Burden Index7585.2
Government Integrity Index68.944.2
Corruption Perceptions Index6350
Life expectancy at birth, years80.270.7
Suicide mortality rate, per 100,000 people12.53.5
Mortality caused by road traffic injury, per 100,000 people6.316.8
Intentional homicides, per 100,000 people0.81
International tourism, number of arrivalsN/A54k

Government debt & reserves

StatTaiwanTonga
Central government debt, % of GDP35%49.2%
External debt stocks, % of GNIN/A41.3%
External debt stocksN/A$188.7M
Short-term debt, % of total reservesN/A0%
Total debt service, % of exports and primary incomeN/A7.2%
Adjusted net savings including particulate emission damage, % of GNIN/A9.3%
Gross savings, % of GDPN/A16.5%
Gross capital formation, % of GDPN/A33.4%
Total reserves including goldN/A$227.2M
Foreign direct investment net inflowsN/A$15M

Exports, imports and economic structure

StatTaiwanTonga
Exports of goods and services, % of GDPN/A22.3%
Imports of goods and services, % of GDPN/A75.9%
Current account balance (balance of payments)N/A-$28.6M
Revenue excluding grants, % of GDPN/A25.6%
Grants excluding technical cooperation, BoPN/A$64.2M
Personal remittances receivedN/A$183.3M
Industry including construction value added, % of GDPN/A17.3%
Agriculture, forestry and fishing value added, % of GDPN/A17.2%
Charges for the use of intellectual property, payments BoPN/A$183
Charges for the use of intellectual property, receipts BoPN/A$2.3k
Expense, % of GDPN/A31.4%
Government Expenditure, % of GDP17.8%43.7%

Compare with countries close by GDP per capita

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

Tonga vs

CountryGDP
per capita
Population
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M