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Economy of Taiwan vs Uganda compared: GDP & Debt

Updated on by Georank team

Taiwan has a GDP of $802B compared to $53.9B for Uganda, ranking 22/197 and 89/197 by economy size, respectively.

Taiwan has $211B in government debt (26.3% of GDP), compared to $27.8B (51.5% of GDP) in Uganda.

Taiwan vs Uganda GDP by year

Taiwan
Uganda
1x
Year GDP, current $
Taiwan Uganda
2024 $801,529,000,000 $53,911,907,086
2023 $757,328,000,000 $48,768,955,863
2022 $765,529,000,000 $45,565,333,211
2021 $777,062,000,000 $40,529,788,749
2020 $676,935,000,000 $37,600,368,242
2019 $613,453,000,000 $35,353,061,003
2018 $610,744,000,000 $32,927,025,620
2017 $591,734,000,000 $30,744,473,841
2016 $543,002,000,000 $29,203,988,696
2015 $534,474,000,000 $32,387,183,730
2014 $535,332,000,000 $32,612,397,257
2013 $512,957,000,000 $28,915,786,517
2012 $495,536,000,000 $27,305,915,911
2011 $483,957,000,000 $27,871,725,241
2010 $444,245,000,000 $26,673,441,431
2009 $390,788,000,000 $25,127,805,567
2008 $415,824,000,000 $14,440,404,132
2007 $406,940,000,000 $11,902,564,495
2006 $386,492,000,000 $9,977,647,683
2005 $374,042,000,000 $9,239,221,763
2004 $346,881,000,000 $7,939,487,548
2003 $317,374,000,000 $6,606,884,275
2002 $307,429,000,000 $6,178,563,591
2001 $299,303,000,000 $5,840,503,869
2000 $330,725,000,000 $6,193,246,837
1999 $303,827,000,000 $5,998,563,258
1998 $279,926,000,000 $6,584,815,847
1997 $303,315,000,000 $6,269,333,313
1996 $292,473,000,000 $6,044,585,327
1995 $279,013,000,000 $5,755,818,842
1994 $256,213,000,000 $3,990,430,447
1993 $234,943,000,000 $3,220,439,044
1992 $222,947,000,000 $2,857,457,762
1991 $187,100,000,000 $3,321,729,160
1990 $166,392,000,000 $4,304,399,310
1989 $152,687,000,000 $5,276,480,799
1988 $126,378,000,000 $6,508,931,652
1987 $104,956,000,000 $6,269,522,042
1986 $78,347,000,000 $3,923,244,050
1985 $63,599,000,000 $3,519,695,444
1984 $61,036,000,000 $3,615,647,477
1983 $54,155,000,000 $2,240,333,333
1982 $49,540,000,000 $2,177,500,000
1981 $49,047,000,000 $1,337,300,000
1980 $42,292,000,000 $1,244,610,000
1979 $33,875,000,000 $2,139,025,000
1978 $27,373,000,000 $2,420,260,870
1977 $22,252,000,000 $2,936,470,588
1976 $18,988,000,000 $2,447,300,000
1975 $15,836,000,000 $2,359,555,556
1974 $14,739,000,000 $2,098,944,967
1973 $10,940,000,000 $1,701,829,789
1972 $8,063,000,000 $1,490,970,181
1971 $6,727,000,000 $1,417,191,656
1970 $5,785,000,000 $1,259,554,809
1969 $5,017,000,000 $1,168,556,629
1968 $4,325,000,000 $1,037,379,252
1967 $3,709,000,000 $967,240,655
1966 $3,207,000,000 $925,381,492
1965 $2,869,000,000 $884,502,310
1964 $2,592,000,000 $589,247,687
1963 $2,218,000,000 $516,315,231
1962 $1,960,000,000 $449,158,233
1961 $1,778,000,000 $441,667,335
1960 $1,743,000,000 $423,145,605
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Taiwan vs Uganda by year

Taiwan
GDP per capita

GDP per capita, PPP
Uganda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Taiwan Uganda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $34,238 - $1,078 $3,273
2023 $32,444 - $1,002 $3,098
2022 $32,827 - $963 $2,919
2021 $33,111 - $883 $2,685
2020 $28,705 - $846 $2,532
2019 $25,998 - $822 $2,441
2018 $25,901 - $792 $2,312
2017 $25,121 $50,500 $765 $2,158
2016 $23,091 - $753 $2,165
2015 $22,780 $46,800 $863 $2,190
2014 $22,874 - $896 $2,134
2013 $21,973 $39,600 $818 $2,045
2012 $21,295 $39,400 $795 $2,032
2011 $20,866 $38,200 $836 $2,268
2010 $19,197 $35,700 $823 $2,092
2009 $16,933 $32,000 $799 $2,015
2008 $18,081 $31,100 $473 $1,931
2007 $17,757 $30,100 $401 $1,795
2006 $16,934 $29,500 $347 $1,660
2005 $16,456 $27,500 $330 $1,497
2004 $15,317 $25,300 $292.4 $1,405
2003 $14,066 $23,400 $250.7 $1,320
2002 $13,686 $18,000 $242 $1,255
2001 $13,397 $17,200 $236 $1,173
2000 $14,908 $17,400 $258.1 $1,124
1999 $13,804 $16,100 $257.9 $1,100
1998 $12,820 - $292.5 $1,037
1997 $14,020 - $286.8 $1,007
1996 $13,641 - $284.7 $969
1995 $13,119 - $278.5 $897
1994 $12,150 - $198.4 $809
1993 $11,242 - $165.6 $770
1992 $10,768 - $152.1 $719
1991 $9,125 - $183 $703
1990 $8,205 - $245 $666
1989 $7,613 - $310 -
1988 $6,370 - $395 -
1987 $5,350 - $393 -
1986 $4,036 - $253.6 -
1985 $3,314 - $234.3 -
1984 $3,224 - $247.5 -
1983 $2,903 - $157.5 -
1982 $2,699 - $157 -
1981 $2,720 - $98.6 -
1980 $2,389 - $93.8 -
1979 $1,950 - $164.5 -
1978 $1,606 - $190.7 -
1977 $1,330 - $237.6 -
1976 $1,158 - $203.3 -
1975 $985 - $201.2 -
1974 $934 - $183.7 -
1973 $706 - $152.7 -
1972 $530 - $137 -
1971 $451 - $133.5 -
1970 $397 - $122 -
1969 $357 - $116.7 -
1968 $319 - $106.9 -
1967 $280.8 - $102.8 -
1966 $249.1 - $101.4 -
1965 $229.3 - $100 -
1964 $213.6 - $68.6 -
1963 $188.6 - $62 -
1962 $172 - $55.5 -
1961 $161.2 - $56.2 -
1960 $163.4 - $55.4 -
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 (1960–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2017, retrieved 2026-02-20).

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

Taiwan's GDP per capita is $34,238, ranking 35/197, compared to $1,078 in Uganda, ranking 176/197. Adjusted for purchasing power (GDP per capita PPP), Taiwan ranks 44th at $50,500, while Uganda ranks 176th at $3,273.

Economic indicators

Taiwan Uganda
Gross domestic product
$802B
2024
$53.9B
2024
GDP rank
22/197
2024
89/197
2024
GDP growth
2.3%
2023-2024
6.06%
2023-2024
GDP per capita
$34,238
2024
$1,078
2024
GDP per capita rank
35/197
2024
176/197
2024
GDP per capita, PPP
$50,500
2017
$3,273
2024
GDP per capita PPP rank
44/197
2017
176/197
2024
Government debt
$211B
2024
$27.8B
2024
Debt-to-GDP ratio
26.3%
2024
51.5%
2024
Government debt per person
$9,020
2024
$555
2024
Government debt per person rank
59/185
2024
163/185
2024
Average annual personal income after taxes
$18,163
2026
$1,466
2026
Number of millionaires
759,000
2025
n/a
Number of billionaires
54
2025
n/a
Income share by richest 10% n/a
34.5%
2019
Income share by poorest 10% n/a
2.4%
2019
Government expenditure, % of GDP
15.8%
2024
18.7%
2024
Consumer prices inflation
2.2%
2023-2024
3.3%
2023-2024
Central bank interest rate
2%
2024
9.75%
2024
Unemployment rate
3.35%
2025
3.42%
2021
Population
23229461
53170946

Spending and national debt comparison by year

Taiwan
Spending

Debt
Uganda
Spending

Debt
1x
Year % of GDP
Taiwan Uganda
Government spending Government debt Government spending Government debt
2024 15.8% 26.3% 18.7% 51.5%
2023 17.1% 29% 19.3% 50.5%
2022 16% 29.5% 19.5% 50.2%
2021 15.4% 30.1% 22% 50.3%
2020 16.2% 32% 21.4% 46.3%
2019 15.3% 32.6% 18.3% 37.5%
2018 15.4% 33.8% 16.2% 34.9%
2017 15.4% 34.5% 16.3% 33.6%
2016 15.6% 35.4% 15.2% 31.3%
2015 15.5% 35.9% 14.9% 28%
2014 - 37.5% 13.6% 24.8%
2013 - 38.9% 13.3% 22.1%
2012 - 39.2% 13.1% 19.5%
2011 18.3% 38.3% 13.2% 18%
2010 - 36.9% 15.4% 18.4%
2009 - 36.7% 11.8% 14.8%
2008 - 33.4% 12.9% 15.7%
2007 - 32.2% 13.2% 17%
2006 - 33.3% 13.7% 27.8%
2005 - 34.1% 14.5% 42.6%
2004 - 33.4% 15.6% 49%
2003 - 32.1% 16.5% 55.1%
2002 - 29.8% 16.8% 54.7%
2001 22.5% 30.1% 16.2% 51.4%
2000 - 26.2% 15.2% 48.5%
1999 - 23.7% 14.7% 47.7%
1998 - 23.7% 14% 45.1%
1997 - 25% 13.9% 44.2%
1996 - - - -
1995 - - - -
1994 - - - -
1993 - - - -
1992 - - - -
1991 25.4% - - -
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 (1997–2024, retrieved 2026-02-20); National Statistics, Taiwan (1976–2024, retrieved 2026-02-09).

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

In 2024, Taiwan's government spending was $127B, accounting for 15.8% of its GDP, while Uganda spent $10.1B, or 18.7% of GDP.

Debt-to-GDP ratio is 26.3% in Taiwan and 51.5% in Uganda, ranking 160/185 and 103/185, respectively.

Government deficit by year

Deficit/surplus
Taiwan

Uganda
1x
Year Deficit/surplus, % of GDP
Taiwan Uganda
2024 0.43% -3.99%
2023 -0.61% -4.87%
2022 0.17% -5.45%
2021 -0.18% -7.76%
2020 -1.03% -7.76%
2019 0.11% -4.82%
2018 0.02% -3.02%
2017 -0.14% -3.83%
2016 -0.31% -2.64%
2015 0.1% -2.59%
2014 - -2.74%
2013 - -3.19%
2012 - -2.39%
2011 -2.15% -2.04%
2010 - -4.64%
2009 - -1.61%
2008 - -1.99%
2007 - -0.82%
2006 - -0.64%
2005 - -0.17%
2004 - 0.34%
2003 - -0.97%
2002 - -2.07%
2001 -3.71% -0.99%
2000 - -0.62%
1999 - -1.24%
1998 - -0.7%
1997 - -0.83%
1996 - -
1995 - -
1994 - -
1993 - -
1992 - -
1991 -4.5% -
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 (1997–2024, retrieved 2026-02-20); National Statistics, Taiwan (1976–2024, retrieved 2026-02-09).

GeoRank.org/economy/taiwan/uganda | 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 Uganda's deficit of $2.15B, or 3.99% of GDP.

Over the past 28 years, Taiwan recorded a fiscal deficit in 7 of those years, while Uganda ran a deficit in 27 years. On average, Taiwan posted an annual deficit equal to 0.61% of GDP, compared to deficit of 2.64% of GDP for Uganda.

Inflation comparison by year

Inflation
Taiwan

Uganda
1x
Year Consumer prices inflation
Taiwan Uganda
2024 2.2% 3.3%
2023 2.5% 5.4%
2022 2.9% 7.2%
2021 2% 2.2%
2020 -0.2% 2.8%
2019 0.6% 2.1%
2018 1.4% 2.5%
2017 0.6% 5.6%
2016 1.4% 5.2%
2015 -0.3% 3.7%
2014 1.2% 4.3%
2013 0.8% 5.5%
2012 1.9% 14%
2011 1.4% 18.7%
2010 1% 4%
2009 -0.9% 13%
2008 3.5% 12%
2007 1.8% 6.1%
2006 0.6% 7.2%
2005 2.3% 8.6%
2004 1.6% 3.7%
2003 -0.3% 8.7%
2002 -0.2% -0.3%
2001 0% 1.9%
2000 1.2% 3.4%
1999 0.2% 5.8%
1998 1.7% 5.8%
1997 0.9% 7.7%

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

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

Over the past 28 years, Taiwan has recorded an average annual inflation rate of 1.14%, compared with 6.08% in Uganda. In 2024, inflation was 2.2% in Taiwan and 3.3% in Uganda.

Balance of trade

Taiwan Uganda
Current account balance
$113B
2024
-$4.29B
2024
Current account balance ranking
4/190
2024
164/190
2024
Current account balance, % of GDP
+14.1%
2024
-7.96%
2024
Goods imports n/a
$11.7B
2024
Goods exports n/a
$8.67B
2024
Service imports n/a
$4.38B
2024
Service exports n/a
$2.39B
2024
Imports of goods and services, % of GDP
50.2%
2024
25.9%
2024
Exports of goods and services, % of GDP
63.3%
2024
16.8%
2024

Economic freedom indices

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

Taiwan Uganda
Economic freedom 79.8 52.4
Economic freedom ranking 6/197 149/197
Property rights 83.4 42.2
Government integrity 74.3 25.1
Judicial effectiveness 94.3 29.4
Tax burden 78.9 73.4
Government spending 90 89
Fiscal health 92.9 58.3
Business freedom 78.6 50.2
Labor freedom 69 55.9
Monetary freedom 80.3 77.1
Trade freedom 86 58
Investment freedom 70 30
Financial freedom 60 40

Economic freedom comparison by year

Taiwan
Uganda
1x
Year Economic freedom index
Taiwan Uganda
2026 79.8 52.4
2025 79.7 51.3
2024 80 50.7
2023 80.7 51.4
2022 80.1 54.2
2021 78.6 58.6
2020 77.1 59.5
2019 77.3 59.7
2018 76.6 62
2017 76.5 60.9
2016 74.7 59.3
2015 75.1 59.7
2014 73.9 59.9
2013 72.7 61.1
2012 71.9 61.9
2011 70.8 61.7
2010 70.4 62.2
2009 69.5 63.5
2008 70.3 63.8
2007 69.4 63.1
2006 69.7 63.9
2005 71.3 62.9
2004 69.6 64.1
2003 71.7 60.1
2002 71.3 61
2001 72.8 60.4
2000 72.5 58.2
1999 71.5 64.8
1998 70.4 64.7
1997 70 66.6
1996 74.1 66.2
1995 74.2 62.9

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

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

The Economic Freedom Index for Taiwan is 79.8, ranking 6/197, compared to 52.4 for Uganda, ranking 149/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Taiwan Uganda
Services, % of GDP
58.8%
2024
43.1%
2024
Industry, % of GDP
39.8%
2024
24.9%
2024
Agriculture, forestry, and fishing, % of GDP
1.47%
2024
24.6%
2024
GNI, Atlas method
$832B
2024
$50.9B
2024
GNI per capita, PPP n/a
$3,190
2024
Total reserves including gold n/a
$3.36B
2018
Total reserves ranking n/a
114/177
2018
Net foreign direct investment n/a
-$3.26B
2024
Net inflows of foreign direct investment n/a
$3.26B
2024
Net outflows of foreign direct investment n/a
$400K
2024
Servicing debt to the IMF, % of GNI n/a
2.96%
2024
Poverty at national poverty lines
1.5%
2020
20.3%
2019
Gross capital formation, % of GDP
26.7%
2024
22.4%
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/uganda | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. National Statistics, Taiwan (1951–2025, retrieved 2026-02-09)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, 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.