| Economy | Taiwan |
 = Fields  = World Records  = Dictionary  = Bar graph  = Distribution map  = Fields History  = Definitions |
Economy - overview:
|
Taiwan has a dynamic capitalist economy with gradually decreasing government guidance of investment and foreign trade. In keeping with this trend, some large, state-owned banks and industrial firms have been privatized. Exports have provided the primary impetus for industrialization. The island runs a large trade surplus, and its foreign reserves are among the world's largest. Recently opened cross-strait travel, transportation, and tourism links are likely to increase Taiwan and China's economic interdependence. China has overtaken the US to become Taiwan's largest export market and its second-largest source of imports, after Japan. China is also the island's number one destination for foreign direct investment. Growth fell below 2% in 2008 because of the global slowdown. |
GDP (purchasing power parity):
|
$738.8 billion (2008 est.)
$725 billion (2007)
$673.1 billion (2006)
note: data are in 2008 US dollars |
GDP - per capita (PPP):
|
$31,900 (2008 est.)
$31,100 (2007 est.)
$29,500 (2006 est.)
note: data are in 2008 US dollars |
GDP (official exchange rate):
|
$401.6 billion (2008 est.) |
GDP - real growth rate:
|
1.9% (2008 est.)
5.7% (2007 est.)
4.8% (2006 est.) |
GDP - composition by sector:
|
agriculture: 1.5%
industry: 27.8%
services: 70.7% (2008 est.) |
Investment (gross fixed):
|
20.9% of GDP (2008 est.) |
Population below poverty line:
|
0.95% (2007 est.) |
Household income or consumption by percentage share:
|
lowest 10%: 6.7%
highest 10%: 41.1% (2002 est.) |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
3.7% (2008 est.) |
Central bank discount rate:
|
1.5% (January 2009) |
Commercial bank prime lending rate:
|
4.06% (2008 est.) |
Stock of money:
|
$225.3 billion (November 2008) |
Stock of money - per capita:
|
9,807 USD per capita |
Stock of quasi money:
|
$618 billion (November 2008) |
Stock of quasi money - per capita:
|
26,900 USD per capita |
Stock of domestic credit:
|
$677.8 billion (November 2008) |
Stock of domestic credit - per capita:
|
29,503 USD per capita |
Labor force:
|
10.85 million (2008 est.) |
Labor force participation rate:
|
47.23 % of population |
Labor force - by occupation:
|
agriculture: 5.1%
industry: 36.8%
services: 58% (2008 est.) |
Unemployment rate:
|
4.1% (2008 est.) |
Budget:
|
revenues: $50.91 billion
expenditures: $54.7 billion (2008 est.) |
Budget revenues per capita:
|
2,216 USD per capita |
Public debt:
|
30.9% of GDP (2008 est.) |
Industries:
|
electronics, petroleum refining, armaments, chemicals, textiles, iron and steel, machinery, cement, food processing, vehicles, consumer products, pharmaceuticals |
Industrial production growth rate:
|
-2% (2008 est.) |
Electricity - production:
|
225.3 billion kWh (2008 est.) |
Electricity - production per capita:
|
9,807 kWh per capita |
Electricity - consumption:
|
233 billion kWh (2008 est.) |
Electricity - consumption - per capita:
|
10,142 kWh per capita |
Electricity - exports:
|
0 kWh (2008) |
Electricity - imports:
|
0 kWh (2008 est.) |
Oil - production:
|
1,306 bbl/day (2007 est.) |
Oil - production per capita:
|
57 bbl/day per capita |
Oil - consumption:
|
935,600 bbl/day (2007 est.) |
Oil - consumption - per capita:
|
14.86 bbl/year per capita |
Oil - exports:
|
340,200 bbl/day (2007) |
Oil - imports:
|
660,400 bbl/day (2007) |
Oil - proved reserves:
|
1.88 million bbl (2008 est.) |
Natural gas - production:
|
416 million cu m (2007) |
Natural gas - production per capita:
|
19 cu m per capita |
Natural gas - consumption:
|
13.6 billion cu m (2007) |
Natural gas - consumption - per capita:
|
592 cu m per capita |
Natural gas - exports:
|
0 cu m (2008 est.) |
Natural gas - imports:
|
10.9 billion cu m (2007) |
Natural gas - proved reserves:
|
6.229 billion cu m (1 January 2008) |
Agriculture - products:
|
rice, corn, vegetables, fruit, tea; pigs, poultry, beef, milk; fish |
Current account balance:
|
$25 billion (2008 est.) |
Current account balance - per capita:
|
1 USD per capita |
Exports:
|
$255.7 billion f.o.b. (2008 est.) |
Exports per capita:
|
11,130 USD per capita |
Exports - commodities:
|
electronics, flat panels, machinery, metals, textiles, plastics, chemicals, auto parts (2008) |
Exports - partners:
|
China 32.6%, US 12.9%, Hong Kong 8.6%, Japan 6.4%, Singapore 5% (2007) |
Imports:
|
$236 billion f.o.b. (2008 est.) |
Imports per capita:
|
10,273 USD per capita |
Imports - commodities:
|
electronics, machinery, petroleum, precision instruments, organic chemicals, metals (2008) |
Imports - partners:
|
Japan 22.7%, US 13.3%, China 11.2%, South Korea 6.6%, Saudi Arabia 4.8%, Singapore 4.6% (2007) |
Reserves of foreign exchange and gold:
|
$296.4 billion (31 December 2008) |
Reserves of foreign exchange and gold - per capita:
|
12,902 USD per capita |
Debt - external:
|
$109.6 billion (31 December 2008) |
Debt - external - per capita:
|
4,771 USD per capita |
Stock of direct foreign investment - at home:
|
$102.3 billion (2008) |
Stock of direct foreign investment - at home - per capita:
|
4,453 USD per capita |
Stock of direct foreign investment - abroad:
|
$135.3 billion (2008) |
Stock of direct foreign investment - abroad - per capita:
|
5,890 USD per capita |
Market value of publicly traded shares:
|
$654 billion (28 December 2007) |
Market value of publicly traded shares - per capita:
|
28,467 USD per capita |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
void |
Economic aid - recipient per capita:
|
void |
Currency (code):
|
new Taiwan dollar (TWD) |
Exchange rates:
|
New Taiwan dollars (TWD) per US dollar - 31.53 (2008 est.), 32.84 (2007), 32.534 (2006), 31.71 (2005), 34.418 (2004) |
Fiscal year:
|
calendar year |
|
= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions |
|
Home 
Geographic Names
Chiefs of State
Intl. Organizations
Intl. Environmental Agree.
Other References
