Taiwan has a GDP of $802B compared to $19.8M for the Vatican, ranking 22/197 and 197/197 by economy size, respectively.
Taiwan vs Vatican GDP by year
| Year | GDP, current $ | |
|---|---|---|
Taiwan
|
Vatican
|
|
| 2024 | $801,529,000,000 | - |
| 2023 | $757,328,000,000 | - |
| 2022 | $765,529,000,000 | - |
| 2021 | $777,062,000,000 | - |
| 2020 | $676,935,000,000 | - |
| 2019 | $613,453,000,000 | - |
| 2018 | $610,744,000,000 | - |
| 2017 | $591,734,000,000 | - |
| 2016 | $543,002,000,000 | - |
| 2015 | $534,474,000,000 | - |
| 2014 | $535,332,000,000 | - |
| 2013 | $512,957,000,000 | - |
| 2012 | $495,536,000,000 | - |
| 2011 | $483,957,000,000 | - |
| 2010 | $444,245,000,000 | - |
| 2009 | $390,788,000,000 | - |
| 2008 | $415,824,000,000 | - |
| 2007 | $406,940,000,000 | - |
| 2006 | $386,492,000,000 | - |
| 2005 | $374,042,000,000 | - |
| 2004 | $346,881,000,000 | - |
| 2003 | $317,374,000,000 | - |
| 2002 | $307,429,000,000 | - |
| 2001 | $299,303,000,000 | - |
| 2000 | $330,725,000,000 | - |
| 1999 | $303,827,000,000 | - |
| 1998 | $279,926,000,000 | - |
| 1997 | $303,315,000,000 | - |
| 1996 | $292,473,000,000 | - |
| 1995 | $279,013,000,000 | - |
| 1994 | $256,213,000,000 | - |
| 1993 | $234,943,000,000 | - |
| 1992 | $222,947,000,000 | - |
| 1991 | $187,100,000,000 | - |
| 1990 | $166,392,000,000 | - |
| 1989 | $152,687,000,000 | - |
| 1988 | $126,378,000,000 | - |
| 1987 | $104,956,000,000 | - |
| 1986 | $78,347,000,000 | - |
| 1985 | $63,599,000,000 | - |
| 1984 | $61,036,000,000 | - |
| 1983 | $54,155,000,000 | - |
| 1982 | $49,540,000,000 | - |
| 1981 | $49,047,000,000 | - |
| 1980 | $42,292,000,000 | - |
| 1979 | $33,875,000,000 | - |
| 1978 | $27,373,000,000 | - |
| 1977 | $22,252,000,000 | - |
| 1976 | $18,988,000,000 | - |
| 1975 | $15,836,000,000 | - |
| 1974 | $14,739,000,000 | - |
| 1973 | $10,940,000,000 | - |
| 1972 | $8,063,000,000 | - |
| 1971 | $6,727,000,000 | - |
| 1970 | $5,785,000,000 | - |
| 1969 | $5,017,000,000 | - |
| 1968 | $4,325,000,000 | - |
| 1967 | $3,709,000,000 | - |
| 1966 | $3,207,000,000 | - |
| 1965 | $2,869,000,000 | - |
| 1964 | $2,592,000,000 | - |
| 1963 | $2,218,000,000 | - |
| 1962 | $1,960,000,000 | - |
| 1961 | $1,778,000,000 | - |
| 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 2026-07-08).
GeoRank.org/economy/taiwan/vatican | CC BY 
Economic indicators
|
Taiwan
|
Vatican
|
|
|---|---|---|
| Gross domestic product |
$802B
2024 |
$19.8M
2026 |
| GDP rank |
22/197
2024 |
197/197
2026 |
| GDP growth |
2.16%
2023-2024 |
n/a |
| GDP per capita |
$34,238
2024 |
$19,800
2026 |
| GDP per capita rank |
38/197
2024 |
61/197
2026 |
| GDP per capita, PPP |
$50,500
2017 |
$39,191
2026 |
| GDP per capita PPP rank |
44/197
2017 |
59/197
2026 |
| Government debt |
$215B
2024 |
n/a |
| Debt-to-GDP ratio |
22.4%
2025 |
n/a |
| Government debt per person |
$9,170
2024 |
n/a |
| Government debt per person rank |
64/185
2024 |
n/a |
| Average annual personal income after taxes |
$18,863
2026 |
$18,688
2026 |
| Number of millionaires |
772,000
2026 |
n/a |
| Number of billionaires |
66
2026 |
n/a |
| Government expenditure, % of GDP |
15.8%
2024 |
n/a |
| Consumer prices inflation |
1.7%
2024-2025 |
n/a |
| Central bank interest rate |
2%
2024 |
n/a |
| Unemployment rate |
3.35%
2025 |
n/a |
| Population |
23229461
|
939
|
Balance of trade
Economic freedom indices
The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.
|
Taiwan
|
Vatican
|
|
|---|---|---|
| Economic freedom | 79.8 | 65 |
| Economic freedom ranking | 6/197 | 69/197 |
| Property rights | 83.4 | n/a |
| Government integrity | 74.3 | n/a |
| Judicial effectiveness | 94.3 | n/a |
| Tax burden | 78.9 | n/a |
| Government spending | 90 | n/a |
| Fiscal health | 92.9 | n/a |
| Business freedom | 78.6 | n/a |
| Labor freedom | 69 | n/a |
| Monetary freedom | 80.3 | n/a |
| Trade freedom | 86 | n/a |
| Investment freedom | 70 | n/a |
| Financial freedom | 60 | n/a |
Other economic metrics
GDP per capita map
Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); National Statistics, Taiwan (1985–2024, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).
GeoRank.org/economy/taiwan/vatican | CC BY
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Data sources:
- World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
- National Statistics, Taiwan (1951–2026, retrieved 2026-07-08)
- U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
- The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
- Central Intelligence Agency (CIA) (2017–2026, retrieved 2026-07-08)
- International Monetary Fund (IMF) | Fiscal Monitor (2024–2025, retrieved 2026-07-08)
- United Nations | World Population Prospects (2026, retrieved 2026-07-08)
- LivingCost (2026, retrieved 2026-07-08)
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.
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.