Published: Monday, 21th October 2024
The Standard of living in Taiwan is 1.83 times better as compared to Republic of the Congo.
In this page, you will find side-by-side Standard of Living comparison between Taiwan and Republic of the Congo. We have created 53 standard-of-living indicators. We average the values and ranges of all those indicators and take a mathematically calculated approach to determine which country has a better standard of living between Taiwan and Republic of the Congo.
 Indicators  | Taiwan  | Republic of the Congo  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $751.930 billion USD | $14.407 billion USD |
GDP Per Capita (2023)  | 32,339 USD | 2,857 USD |
GINI Ratio (2023)  | 0.34 | 0.40 |
Inflation on Consumer Prices (2023)  | Yet to Update | 4.3 % annually |
Central Government Debt (2023)  | Yet to Update | 25.5 % of GDP |
Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country in a specific time period, usually a year. It is used to gauge the economic performance of a country and indicates how wealthy and productive a nation is. In simple terms, GDP tells us how much a country is producing and how well its economy is doing.
As per the statistics from the World Bank Data for the year 2023, the total GDP of Taiwan is $751.930 billion USD and that of Republic of the Congo is $14.407 billion USD.
On the other hand, Gross Domestic Product (GDP) Per Capita is the average economic output per person in a country. Simply put, it shows how much, on average, each person contributes to the economy, giving an idea of the standard of living and economic well-being of the people in that country.
From the above data, we can say that a person living and working in Taiwan contributes more to the country's economy compared to a person working in Republic of the Congo.
Indicators | Taiwan | Republic of the Congo |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.926 | 0.593 |
Human Capital Index (HCI) (2024)  | Yet to Update | 0.42 |
Literacy Rate (2023)  | 99% (15 years+ above age) | 80.61% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 81.3 years | 63.2 years |
Healthy Life Expectancy Ratio (2023)  | 73 years | 54.8 years |
Poverty Ratio (2023)  | Yet to Update | 40.9% of total Population |
Unemployment Rate (2023)  | Yet to Update | 20.05% of total labor force |
The Human Development Index (HDI) is a measure used to assess the overall well-being and quality of life of people living in a country. The key dimensions that give a country good HDI rank are a long and healthy life, being knowledgeable and having a decent standard of living.
From the above given statistics, we can see that the HDI of Taiwan is [ 0.926 ] and the HDI of Republic of the Congo is [ 0.593 ].
The data shows that the people living in Taiwan has better income, life expectancy and education level compared to Republic of the Congo.
Indicators | Taiwan | Republic of the Congo |
|---|---|---|
Gross National Expenditure (2023)  | Yet to Update | 82.42 % of GDP |
Total Health Expenditure (2023)  | 6.5 % of GDP | 3.88 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | 0.41 % of GDP |
Government Expenditure on Education (2023)  | Yet to Update | 2.95 % of GDP |
International Tourism Expenditure (2023)  | Yet to Update | 457 million USD |
Number of International Tourists Arrivals (2023)  | Yet to Update | 158,000 |
Military Expenditure (2023)  | Yet to Update | 1.85 (% of GDP) |
Indicators | Taiwan | Republic of the Congo |
|---|---|---|
Number of Doctors (2023)  | 2.3 (Per 10,000 People) | 1 (Per 10,000 People) |
Number of Nurses (2023)  | 6.7 (Per 10,000 People) | 9.3 (Per 10,000 People) |
Number of Pharmacists (2023)  | 1.1 (Per 10,000 People) | 0.29 (Per 10,000 People) |
Available Hospital Beds (2023)  | Yet to Update | 1.6 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | Yet to Update | 93.5 % of total Population |
Taiwan has 2.30 times more Doctors compared to Republic of the Congo (Per 10,000 People).
Taiwan has 1.39 times less Nurses compared to Republic of the Congo (Per 10,000 People).
Indicators | Taiwan | Republic of the Congo |
|---|---|---|
Agricultural Land (2023)  | Yet to Update | 106,780 Sq Km |
Forest Area (2023)  | Yet to Update | 219,310 Sq Km |
CO2 Emissions (2023)  | Yet to Update | 0.26 kg per PPP $ of GDP |
Access to Electricity (2023)  | Yet to Update | 50.6 % of total Population |
Access to Internet (2023)  | Yet to Update | 8.65 % of total Population |
Annual Fresh Water Withdrawals (2023)  | Yet to Update | 0.05 Billion cubic meters |
Indicators | Taiwan | Republic of the Congo |
|---|---|---|
Time Required to Start a Business (2023)  | Yet to Update | 49.5 Days |
New Businesses Registered (2023)  | Yet to Update | 132 (New Businesses) |
New Businesses Registration Density (2023)  | Yet to Update | 0.04 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | Yet to Update | 62.2 % of GNI Per Capita |
Indicators | Taiwan | Republic of the Congo |
|---|---|---|
Imports of Goods and Services (2023)  | Yet to Update | 39.31 % of GDP |
Total Fuel Imports (2023)  | Yet to Update | 4.26 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | Yet to Update | 1,580.56 USD |
Time to Import Border Compliance (2023)  | Yet to Update | 397.33 Hours |
Cost to Import Documentary Compliance (2023)  | Yet to Update | 310 USD |
Time to Import Documentary Compliance (2023)  | Yet to Update | 208 Hours |
Indicators | Taiwan | Republic of the Congo |
|---|---|---|
Exports of Goods and Services (2023)  | Yet to Update | 56.9 % of GDP |
Total Fuel Exports (2023)  | Yet to Update | 55.09 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | Yet to Update | 1,975 USD |
Time to Export Border Compliance (2023)  | Yet to Update | 276 Hours |
Cost to Export Documentary Compliance (2023)  | Yet to Update | 165 USD |
Time to Export Documentary Compliance (2023)  | Yet to Update | 120 Hours |
Indicators | Taiwan | Republic of the Congo |
|---|---|---|
Gross National Savings (2023)  | Yet to Update | 38.85 % of GDP |
Tax Revenue (2023)  | Yet to Update | 6.51 % of GDP |
Taxes on Exports (2023)  | Yet to Update | 1.56 % of Tax Revenue |
Taxes on Goods and Services (2023)  | Yet to Update | 13.8 % of Tax Revenue |
Taxes on International Trade (2023)  | Yet to Update | 6.64 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | Yet to Update | 602 Hours |
Customs and Other Import Duties (2023)  | Yet to Update | 18.77 % of Tax Revenue |
We hope you enjoyed the detailed guide on the standard of living comparsion between Taiwan and Republic of the Congo.
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