Taiwan vs Vietnam: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while Vietnam ranked 47th with $245.2B. By GDP 5-years average growth and GDP per capita, Taiwan and Vietnam ranked 115th vs 17th and 38th vs 138th, respectively.

Gross Domestic Product & Income

StatTaiwanVietnam
GDP$585.8B$245.2B
GDP growth, 1 year2.6%7.1%
GDP growth, 5-years average2.4%6.6%
Population23.6M94.7M
GDP per capita$25k$2.6k
GDP per capita growthN/A6.02%
Purchasing Power Parity conversion factorN/A7788.91
Price level ratio of PPP conversion factor GDP to market exchange rateN/A0.34
GDP per capita, PPP adjusted$53k$7.5k
GNI, Atlas methodN/A$225.9B
GNI per capitaN/A$2.4k
GNI, PPP adjustedN/A$661.8B
GNI per capita, PPP adjustedN/A$6.9k

Financial system and Human development

StatTaiwanVietnam
Income Tax Rate45%35%
Corporate Tax Rate20%22%
Inflation, consumer prices1.5%3.5%
Inflation, GDP deflatorN/A3.4%
Unemployment3.7%1.9%
Economic Freedom Index77.158.8
Personal Freedom Index8.096.65
Human Freedom Index7.796.31
Property Rights Index86.952.6
Judical Effectiveness Index70.140.1
Business Freedom Index93.965.6
Fiscal Health Index9158
Labor Freedom Index60.362.5
Investment Freedom Index6040
Financial Freedom Index6050
Trade Freedom Index8679.6
Monetary Freedom Index82.768.2
Government Spending Index90.575.9
Tax Burden Index7579.5
Government Integrity Index68.933.8
Corruption Perceptions Index6333
Life expectancy at birth, years80.275.2
Suicide mortality rate, per 100,000 people12.57.3
Mortality caused by road traffic injury, per 100,000 people6.326.4
Intentional homicides, per 100,000 people0.81.5
International tourism, number of arrivalsN/A15.5M

Government debt & reserves

StatTaiwanVietnam
Central government debt, % of GDP35%57.5%
External debt stocks, % of GNIN/A46.7%
External debt stocksN/A$108.1B
Short-term debt, % of total reservesN/A35.3%
Total debt service, % of exports and primary incomeN/A7.1%
Adjusted net savings including particulate emission damage, % of GNIN/A13.4%
Gross savings, % of GDPN/A22.6%
Gross capital formation, % of GDPN/A26.5%
Total reserves including goldN/A$55.5B
Foreign direct investment net inflowsN/A$15.5B

Exports, imports and economic structure

StatTaiwanVietnam
Exports of goods and services, % of GDPN/A105.8%
Imports of goods and services, % of GDPN/A102.5%
Current account balance (balance of payments)N/A$5.9B
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoPN/A$411.2M
Personal remittances receivedN/A$15.9B
Industry including construction value added, % of GDPN/A34.2%
Agriculture, forestry and fishing value added, % of GDPN/A14.7%
Charges for the use of intellectual property, payments BoPN/AN/A
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP17.8%28.3%

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

Vietnam vs

CountryGDP
per capita
Population
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M