Taiwan vs Trinidad and Tobago: Economic Indicators Comparison
Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Trinidad and Tobago ranked 113th with $23.8B. By GDP 5-years average growth and GDP per capita, Taiwan and Trinidad and Tobago ranked 115th vs 175th and 38th vs 53rd, respectively.
Gross Domestic Product & Income
| Stat |  Taiwan |  Trinidad and Tobago |
|---|---|---|
| GDP | $585.8B | $23.8B |
| GDP growth, 1 year | 2.6% | 0.3% |
| GDP growth, 5-years average | 2.4% | -1.5% |
| Population | 23.6M | 1.4M |
| GDP per capita | $25k | $17k |
| GDP per capita growth | N/A | -0.66% |
| Purchasing Power Parity conversion factor | N/A | 3.62 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | N/A | 0.54 |
| GDP per capita, PPP adjusted | $53k | $32k |
| GNI, Atlas method | N/A | $22.2B |
| GNI per capita | N/A | $16k |
| GNI, PPP adjusted | N/A | $43.1B |
| GNI per capita, PPP adjusted | N/A | $31k |
Financial system and Human development
| Stat | Taiwan | Trinidad and Tobago |
|---|---|---|
| Income Tax Rate | 45% | 25% |
| Corporate Tax Rate | 20% | 25% |
| Inflation, consumer prices | 1.5% | 1.1% |
| Inflation, GDP deflator | N/A | 6.1% |
| Unemployment | 3.7% | 2.8% |
| Economic Freedom Index | 77.1 | 58.3 |
| Personal Freedom Index | 8.09 | 6.88 |
| Human Freedom Index | 7.79 | 6.81 |
| Property Rights Index | 86.9 | 56.6 |
| Judical Effectiveness Index | 70.1 | 42.1 |
| Business Freedom Index | 93.9 | 67.3 |
| Fiscal Health Index | 91 | 15.9 |
| Labor Freedom Index | 60.3 | 76 |
| Investment Freedom Index | 60 | 60 |
| Financial Freedom Index | 60 | 50 |
| Trade Freedom Index | 86 | 67.8 |
| Monetary Freedom Index | 82.7 | 77.4 |
| Government Spending Index | 90.5 | 66.5 |
| Tax Burden Index | 75 | 82.6 |
| Government Integrity Index | 68.9 | 37.4 |
| Corruption Perceptions Index | 63 | 41 |
| Life expectancy at birth, years | 80.2 | 73.2 |
| Suicide mortality rate, per 100,000 people | 12.5 | 13.6 |
| Mortality caused by road traffic injury, per 100,000 people | 6.3 | 12.1 |
| Intentional homicides, per 100,000 people | 0.8 | 30.9 |
| International tourism, number of arrivals | N/A | 375k |
Government debt & reserves
| Stat | Taiwan | Trinidad and Tobago |
|---|---|---|
| Central government debt, % of GDP | 35% | 45.3% |
| External debt stocks, % of GNI | N/A | N/A |
| External debt stocks | N/A | N/A |
| Short-term debt, % of total reserves | N/A | N/A |
| Total debt service, % of exports and primary income | N/A | 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 | N/A | N/A |
| Total reserves including gold | N/A | $8.1B |
| Foreign direct investment net inflows | N/A | -$602.5M |
Exports, imports and economic structure
| Stat | Taiwan | Trinidad and Tobago |
|---|---|---|
| Exports of goods and services, % of GDP | N/A | N/A |
| Imports of goods and services, % of GDP | N/A | N/A |
| Current account balance (balance of payments) | N/A | $1.2B |
| Revenue excluding grants, % of GDP | N/A | 38.4% |
| Grants excluding technical cooperation, BoP | N/A | $2.4M |
| Personal remittances received | N/A | $138.7M |
| Industry including construction value added, % of GDP | N/A | 42% |
| Agriculture, forestry and fishing value added, % of GDP | N/A | 1% |
| Charges for the use of intellectual property, payments BoP | N/A | $63.9M |
| Charges for the use of intellectual property, receipts BoP | N/A | $882k |
| Expense, % of GDP | N/A | 35.9% |
| Government Expenditure, % of GDP | 17.8% | 33.4% |
