Taiwan vs Turkey: Economic Indicators Comparison

Turkey with a GDP of $771.4B ranked the 19th largest economy in the world, while Taiwan ranked 21st with $585.8B. By GDP 5-years average growth and GDP per capita, Turkey and Taiwan ranked 36th vs 115th and 78th vs 38th, respectively.

Gross Domestic Product & Income

StatTaiwanTurkey
GDP$585.8B$771.4B
GDP growth, 1 year2.6%2.6%
GDP growth, 5-years average2.4%4.9%
Population23.6M82M
GDP per capita$25k$9.4k
GDP per capita growthN/A1.31%
Purchasing Power Parity conversion factorN/A1.61
Price level ratio of PPP conversion factor GDP to market exchange rateN/A0.33
GDP per capita, PPP adjusted$53k$28k
GNI, Atlas methodN/A$858.1B
GNI per capitaN/A$10k
GNI, PPP adjustedN/A$2.3T
GNI per capita, PPP adjustedN/A$28k

Financial system and Human development

StatTaiwanTurkey
Income Tax Rate45%35%
Corporate Tax Rate20%22%
Inflation, consumer prices1.5%16.3%
Inflation, GDP deflatorN/A16.4%
Unemployment3.7%10.9%
Economic Freedom Index77.164.4
Personal Freedom Index8.096.97
Human Freedom Index7.796.96
Property Rights Index86.957.4
Judical Effectiveness Index70.153.7
Business Freedom Index93.967
Fiscal Health Index9186.1
Labor Freedom Index60.349.2
Investment Freedom Index6070
Financial Freedom Index6060
Trade Freedom Index8678
Monetary Freedom Index82.766.1
Government Spending Index90.564.1
Tax Burden Index7576.7
Government Integrity Index68.944.6
Corruption Perceptions Index6341
Life expectancy at birth, years80.277.2
Suicide mortality rate, per 100,000 people12.57.3
Mortality caused by road traffic injury, per 100,000 people6.312.3
Intentional homicides, per 100,000 people0.84.3
International tourism, number of arrivalsN/A45.8M

Government debt & reserves

StatTaiwanTurkey
Central government debt, % of GDP35%29.1%
External debt stocks, % of GNIN/A59%
External debt stocksN/A$445.1B
Short-term debt, % of total reservesN/A124.1%
Total debt service, % of exports and primary incomeN/A36.7%
Adjusted net savings including particulate emission damage, % of GNIN/A11.4%
Gross savings, % of GDPN/A27.1%
Gross capital formation, % of GDPN/A29.6%
Total reserves including goldN/A$93B
Foreign direct investment net inflowsN/A$13.1B

Exports, imports and economic structure

StatTaiwanTurkey
Exports of goods and services, % of GDPN/A29.5%
Imports of goods and services, % of GDPN/A30.6%
Current account balance (balance of payments)N/A-$27B
Revenue excluding grants, % of GDPN/A30.7%
Grants excluding technical cooperation, BoPN/A$1.3B
Personal remittances receivedN/A$1.1B
Industry including construction value added, % of GDPN/A29.5%
Agriculture, forestry and fishing value added, % of GDPN/A5.8%
Charges for the use of intellectual property, payments BoPN/A$726M
Charges for the use of intellectual property, receipts BoPN/A$29M
Expense, % of GDPN/A33.9%
Government Expenditure, % of GDP17.8%34.6%

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

Turkey vs

CountryGDP
per capita
Population
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M