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Economy of Taiwan vs Tunisia compared: GDP & Debt

Updated on by Georank team

Taiwan has a GDP of $802B compared to $51.3B for Tunisia, ranking 22/197 and 93/197 by economy size, respectively.

Taiwan has $211B in government debt (26.3% of GDP), compared to $42.8B (83.4% of GDP) in Tunisia.

Taiwan vs Tunisia GDP by year

Taiwan
Tunisia
1x
Year GDP, current $
Taiwan Tunisia
2024 $801,529,000,000 $51,332,285,657
2023 $757,328,000,000 $48,205,328,303
2022 $765,529,000,000 $44,929,920,093
2021 $777,062,000,000 $47,073,234,359
2020 $676,935,000,000 $42,491,780,918
2019 $613,453,000,000 $41,905,642,419
2018 $610,744,000,000 $42,686,504,460
2017 $591,734,000,000 $42,163,530,591
2016 $543,002,000,000 $44,360,072,680
2015 $534,474,000,000 $45,779,494,042
2014 $535,332,000,000 $50,271,812,921
2013 $512,957,000,000 $48,685,446,414
2012 $495,536,000,000 $47,311,401,813
2011 $483,957,000,000 $48,123,325,825
2010 $444,245,000,000 $46,206,091,938
2009 $390,788,000,000 $43,455,740,497
2008 $415,824,000,000 $44,859,439,902
2007 $406,940,000,000 $38,915,353,867
2006 $386,492,000,000 $34,376,664,601
2005 $374,042,000,000 $32,272,186,695
2004 $346,881,000,000 $31,183,885,241
2003 $317,374,000,000 $27,453,902,261
2002 $307,429,000,000 $23,141,616,605
2001 $299,303,000,000 $22,065,832,449
2000 $330,725,000,000 $21,473,528,161
1999 $303,827,000,000 $22,943,202,175
1998 $279,926,000,000 $21,802,893,587
1997 $303,315,000,000 $20,746,210,354
1996 $292,473,000,000 $19,587,161,807
1995 $279,013,000,000 $18,030,876,599
1994 $256,213,000,000 $15,633,174,304
1993 $234,943,000,000 $14,608,335,608
1992 $222,947,000,000 $15,496,708,060
1991 $187,100,000,000 $13,074,782,609
1990 $166,392,000,000 $12,290,568,182
1989 $152,687,000,000 $10,101,851,745
1988 $126,378,000,000 $10,096,245,762
1987 $104,956,000,000 $9,696,715,911
1986 $78,347,000,000 $9,017,806,654
1985 $63,599,000,000 $8,410,226,053
1984 $61,036,000,000 $8,254,541,195
1983 $54,155,000,000 $8,350,582,748
1982 $49,540,000,000 $8,133,580,052
1981 $49,047,000,000 $8,428,445,294
1980 $42,292,000,000 $8,744,134,354
1979 $33,875,000,000 $7,188,863,904
1978 $27,373,000,000 $5,968,460,080
1977 $22,252,000,000 $5,109,324,009
1976 $18,988,000,000 $4,508,191,942
1975 $15,836,000,000 $4,328,965,588
1974 $14,739,000,000 $3,545,868,575
1973 $10,940,000,000 $2,730,813,385
1972 $8,063,000,000 $2,237,556,149
1971 $6,727,000,000 $1,685,162,272
1970 $5,785,000,000 $1,439,238,095
1969 $5,017,000,000 $1,289,904,762
1968 $4,325,000,000 $1,214,666,667
1967 $3,709,000,000 $1,085,714,286
1966 $3,207,000,000 $1,040,952,381
1965 $2,869,000,000 $991,047,619
1964 $2,592,000,000 $1,025,866,792
1963 $2,218,000,000 $1,026,737,600
1962 $1,960,000,000 $880,027,733
1961 $1,778,000,000 $866,155,429
1960 $1,743,000,000 -
1959 $1,444,000,000 -
1958 $1,836,000,000 -
1957 $1,636,000,000 -
1956 $1,399,000,000 -
1955 $1,940,000,000 -
1954 $1,628,000,000 -
1953 $1,481,000,000 -
1952 $1,677,000,000 -
1951 $1,197,000,000 -

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-02-09); World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06).

GeoRank.org/economy/taiwan/tunisia | CC BY

GDP per capita in Taiwan vs Tunisia by year

Taiwan
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Taiwan Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $34,238 - $4,181 $14,521
2023 $32,444 - $3,951 $14,041
2022 $32,827 - $3,707 $13,619
2021 $33,111 - $3,907 $12,444
2020 $28,705 - $3,549 $11,918
2019 $25,998 - $3,529 $12,495
2018 $25,901 - $3,628 $11,841
2017 $25,121 $50,500 $3,619 $11,289
2016 $23,091 - $3,848 $10,994
2015 $22,780 $46,800 $4,015 $10,783
2014 $22,874 - $4,459 $10,947
2013 $21,973 $39,600 $4,370 $10,672
2012 $21,295 $39,400 $4,297 $10,615
2011 $20,866 $38,200 $4,421 $10,436
2010 $19,197 $35,700 $4,292 $10,555
2009 $16,933 $32,000 $4,080 $10,237
2008 $18,081 $31,100 $4,255 $9,975
2007 $17,757 $30,100 $3,727 $9,479
2006 $16,934 $29,500 $3,323 $8,729
2005 $16,456 $27,500 $3,147 $8,117
2004 $15,317 $25,300 $3,067 $7,672
2003 $14,066 $23,400 $2,726 $7,098
2002 $13,686 $18,000 $2,321 $6,715
2001 $13,397 $17,200 $2,236 $6,593
2000 $14,908 $17,400 $2,199 $6,279
1999 $13,804 $16,100 $2,376 $5,930
1998 $12,820 - $2,285 $5,579
1997 $14,020 - $2,202 $5,333
1996 $13,641 - $2,107 $5,040
1995 $13,119 - $1,968 $4,686
1994 $12,150 - $1,733 $4,555
1993 $11,242 - $1,649 $4,401
1992 $10,768 - $1,785 $4,292
1991 $9,125 - $1,538 $3,975
1990 $8,205 - $1,476 $3,780
1989 $7,613 - $1,239 -
1988 $6,370 - $1,266 -
1987 $5,350 - $1,245 -
1986 $4,036 - $1,187 -
1985 $3,314 - $1,135 -
1984 $3,224 - $1,143 -
1983 $2,903 - $1,184 -
1982 $2,699 - $1,177 -
1981 $2,720 - $1,247 -
1980 $2,389 - $1,324 -
1979 $1,950 - $1,113 -
1978 $1,606 - $946 -
1977 $1,330 - $830 -
1976 $1,158 - $752 -
1975 $985 - $741 -
1974 $934 - $624 -
1973 $706 - $493 -
1972 $530 - $415 -
1971 $451 - $320 -
1970 $397 - $280.5 -
1969 $357 - $257.7 -
1968 $319 - $248.9 -
1967 $280.8 - $228 -
1966 $249.1 - $223.8 -
1965 $229.3 - $217.3 -
1964 $213.6 - $228.5 -
1963 $188.6 - $231.9 -
1962 $172 - $201.4 -
1961 $161.2 - $200.7 -
1960 $163.4 - - -
1959 $140.4 - - -
1958 $185.1 - - -
1957 $170.5 - - -
1956 $150.6 - - -
1955 $216.3 - - -
1954 $188.3 - - -
1953 $177.7 - - -
1952 $208.4 - - -
1951 $154.3 - - -

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-02-09); World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2017, retrieved 2026-02-20).

GeoRank.org/economy/taiwan/tunisia | CC BY

Taiwan's GDP per capita is $34,238, ranking 35/197, compared to $4,181 in Tunisia, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Taiwan ranks 44th at $50,500, while Tunisia ranks 114th at $14,521.

Economic indicators

Taiwan Tunisia
Gross domestic product
$802B
2024
$51.3B
2024
GDP rank
22/197
2024
93/197
2024
GDP growth
2.3%
2023-2024
1.61%
2023-2024
GDP per capita
$34,238
2024
$4,181
2024
GDP per capita rank
35/197
2024
129/197
2024
GDP per capita, PPP
$50,500
2017
$14,521
2024
GDP per capita PPP rank
44/197
2017
114/197
2024
Government debt
$211B
2024
$42.8B
2024
Debt-to-GDP ratio
26.3%
2024
83.4%
2024
Government debt per person
$9,020
2024
$3,487
2024
Government debt per person rank
59/185
2024
94/185
2024
Average annual personal income after taxes
$18,163
2026
$3,951
2026
Market capitalization of domestic companies n/a
$8.3B
2024
Number of millionaires
759,000
2025
n/a
Number of billionaires
54
2025
n/a
Income share by richest 10% n/a
27%
2021
Income share by poorest 10% n/a
3.1%
2021
Government expenditure, % of GDP
15.8%
2024
33.8%
2024
Consumer prices inflation
2.2%
2023-2024
7%
2023-2024
Central bank interest rate
2%
2024
7.5%
2025
Unemployment rate
3.35%
2025
15.1%
2023
Population
23229461
12437803

Spending and national debt comparison by year

Taiwan
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Taiwan Tunisia
Government spending Government debt Government spending Government debt
2024 15.8% 26.3% 33.8% 83.4%
2023 17.1% 29% 35.7% 84%
2022 16% 29.5% 36.5% 83%
2021 15.4% 30.1% 33.2% 79.7%
2020 16.2% 32% 34.5% 77.7%
2019 15.3% 32.6% 29.5% 67.3%
2018 15.4% 33.8% 28.7% 72.9%
2017 15.4% 34.5% 28.7% 67.1%
2016 15.6% 35.4% 27.2% 58.9%
2015 15.5% 35.9% 27.4% 52.4%
2014 - 37.5% 27.7% 50.7%
2013 - 38.9% 30.8% 45.6%
2012 - 39.2% 28.3% 49%
2011 18.3% 38.3% 27.9% 43.3%
2010 - 36.9% 24% 38.8%
2009 - 36.7% 24.6% 40.3%
2008 - 33.4% 23.7% 41.4%
2007 - 32.2% 23.3% 42.7%
2006 - 33.3% 22.9% 45.7%
2005 - 34.1% 23% 50%
2004 - 33.4% 23% 51.6%
2003 - 32.1% 23.5% 52.6%
2002 - 29.8% 24.1% 51.6%
2001 22.5% 30.1% 24% 52.2%
2000 - 26.2% 24% 62.9%
1999 - 23.7% 24% 61.9%
1998 - 23.7% 24.2% 58.2%
1997 - 25% 24.5% 66.6%
1996 - - 26.7% 66.8%
1995 - - 26.6% 65.6%
1994 - - 25.9% 63.9%
1993 - - 26.7% 63.8%
1992 - - 25.7% 62.1%
1991 25.4% - 27.6% 63.3%
1990 - - - -
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 23.6% - - -
1980 - - - -
1979 - - - -
1978 - - - -
1977 - - - -
1976 21.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); National Statistics, Taiwan (1976–2024, retrieved 2026-02-09).

GeoRank.org/economy/taiwan/tunisia | CC BY

In 2024, Taiwan's government spending was $127B, accounting for 15.8% of its GDP, while Tunisia spent $17.4B, or 33.8% of GDP.

Debt-to-GDP ratio is 26.3% in Taiwan and 83.4% in Tunisia, ranking 160/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Taiwan

Tunisia
1x
Year Deficit/surplus, % of GDP
Taiwan Tunisia
2024 0.43% -5.92%
2023 -0.61% -7.03%
2022 0.17% -6.91%
2021 -0.18% -7.6%
2020 -1.03% -9.06%
2019 0.11% -3.6%
2018 0.02% -4.27%
2017 -0.14% -5.61%
2016 -0.31% -5.87%
2015 0.1% -4.95%
2014 - -3.11%
2013 - -7.05%
2012 - -4.9%
2011 -2.15% -3.19%
2010 - -0.46%
2009 - -2.59%
2008 - -0.62%
2007 - -2.47%
2006 - -2.33%
2005 - -2.59%
2004 - -2.1%
2003 - -2.64%
2002 - -2.55%
2001 -3.71% -2.87%
2000 - -3.22%
1999 - -3.05%
1998 - -2.84%
1997 - -3.7%
1996 - -5.18%
1995 - -4.53%
1994 - -2.87%
1993 - -3.22%
1992 - -3.45%
1991 -4.5% -5.25%
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 -0.78% -
1980 - -
1979 - -
1978 - -
1977 - -
1976 1.39% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); National Statistics, Taiwan (1976–2024, retrieved 2026-02-09).

GeoRank.org/economy/taiwan/tunisia | CC BY

In 2024, Taiwan's government surplus, the difference between spending and revenue, was $3.45B, equivalent to 0.43% of GDP. This compares to Tunisia's deficit of $3.04B, or 5.92% of GDP.

Over the past 34 years, Taiwan recorded a fiscal deficit in 8 of those years, while Tunisia ran a deficit in 34 years. On average, Taiwan posted an annual deficit equal to 0.91% of GDP, compared to deficit of 4.05% of GDP for Tunisia.

Inflation comparison by year

Inflation
Taiwan

Tunisia
1x
Year Consumer prices inflation
Taiwan Tunisia
2024 2.2% 7%
2023 2.5% 9.3%
2022 2.9% 8.3%
2021 2% 5.7%
2020 -0.2% 5.6%
2019 0.6% 6.7%
2018 1.4% 7.3%
2017 0.6% 5.3%
2016 1.4% 3.6%
2015 -0.3% 4.4%
2014 1.2% 4.6%
2013 0.8% 5.3%
2012 1.9% 4.6%
2011 1.4% 3.2%
2010 1% 4.4%
2009 -0.9% 3.5%
2008 3.5% 4.9%
2007 1.8% 3.4%
2006 0.6% 4.1%
2005 2.3% 2%
2004 1.6% 3.7%
2003 -0.3% 2.7%
2002 -0.2% 2.7%
2001 0% 1.9%
2000 1.2% 2.8%
1999 0.2% 2.8%
1998 1.7% 3.1%
1997 0.9% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/taiwan/tunisia | CC BY

Over the past 28 years, Taiwan has recorded an average annual inflation rate of 1.14%, compared with 4.52% in Tunisia. In 2024, inflation was 2.2% in Taiwan and 7% in Tunisia.

Balance of trade

Taiwan Tunisia
Current account balance
$113B
2024
-$775M
2024
Current account balance ranking
4/190
2024
117/190
2024
Current account balance, % of GDP
+14.1%
2024
-1.51%
2024
Goods imports n/a
$18.7B
2024
Goods exports n/a
$8.95B
2024
Service imports n/a
$3.92B
2024
Service exports n/a
$11.2B
2024
Imports of goods and services, % of GDP
50.2%
2024
56.3%
2024
Exports of goods and services, % of GDP
63.3%
2024
50%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Taiwan Tunisia
Economic freedom 79.8 48.1
Economic freedom ranking 6/197 172/197
Property rights 83.4 55.7
Government integrity 74.3 42.1
Judicial effectiveness 94.3 39.7
Tax burden 78.9 68.5
Government spending 90 62.5
Fiscal health 92.9 16
Business freedom 78.6 59.4
Labor freedom 69 55.8
Monetary freedom 80.3 72.4
Trade freedom 86 54.6
Investment freedom 70 20
Financial freedom 60 30

Economic freedom comparison by year

Taiwan
Tunisia
1x
Year Economic freedom index
Taiwan Tunisia
2026 79.8 48.1
2025 79.7 49.1
2024 80 48.8
2023 80.7 52.9
2022 80.1 54.2
2021 78.6 56.6
2020 77.1 55.8
2019 77.3 55.4
2018 76.6 58.9
2017 76.5 55.7
2016 74.7 57.6
2015 75.1 57.7
2014 73.9 57.3
2013 72.7 57
2012 71.9 58.6
2011 70.8 58.5
2010 70.4 58.9
2009 69.5 58
2008 70.3 60.1
2007 69.4 60.3
2006 69.7 57.5
2005 71.3 55.4
2004 69.6 58.4
2003 71.7 58.1
2002 71.3 60.2
2001 72.8 60.8
2000 72.5 61.3
1999 71.5 61.1
1998 70.4 63.9
1997 70 63.8
1996 74.1 63.9
1995 74.2 63.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/taiwan/tunisia | CC BY

The Economic Freedom Index for Taiwan is 79.8, ranking 6/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Taiwan Tunisia
Services, % of GDP
58.8%
2024
62.6%
2024
Industry, % of GDP
39.8%
2024
22.6%
2024
Agriculture, forestry, and fishing, % of GDP
1.47%
2024
9.74%
2024
GNI, Atlas method
$832B
2024
$47.7B
2024
GNI per capita, PPP n/a
$14,230
2024
Total reserves including gold n/a
$9.34B
2024
Total reserves ranking n/a
80/177
2024
Net foreign direct investment n/a
-$725M
2024
Net inflows of foreign direct investment n/a
$760M
2024
Net outflows of foreign direct investment n/a
$34.6M
2024
Servicing debt to the IMF, % of GNI n/a
10.9%
2024
Poverty at national poverty lines
1.5%
2020
16.6%
2021
Gross capital formation, % of GDP
26.7%
2024
7.86%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); National Statistics, Taiwan (1985–2024, retrieved 2026-02-09); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/taiwan/tunisia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06)
  2. National Statistics, Taiwan (1951–2025, retrieved 2026-02-09)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.