| People | Taiwan |
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Economy - overview:
|
Taiwan has a dynamic capitalist economy with gradually decreasing guidance of investment and foreign trade by the authorities. In keeping with this trend, some large, state-owned banks and industrial firms are being 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. Despite restrictions on cross-strait links, 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. Strong trade performance in 2007 pushed Taiwan's GDP growth rate above 5%, and unemployment is below 4%. |
GDP (purchasing power parity):
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$695.4 billion (2007 est.) |
GDP (official exchange rate):
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$383.3 billion (2007 est.) |
GDP - real growth rate:
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5.7% (2007 est.) |
GDP - per capita (PPP):
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$30,100 (2007 est.) |
GDP - composition by sector:
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agriculture: 1.4%
industry: 27.5%
services: 71.1% (2007 est.) |
Investment (gross fixed):
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21.2% of GDP (2007 est.) |
Population below poverty line:
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0.95% (2007 est.) |
Household income or consumption by percentage share:
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lowest 10%: 6.7%
highest 10%: 41.1% (2002 est.) |
Distribution of family income - Gini index:
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void |
Inflation rate (consumer prices):
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1.8% (2007 est.) |
Labor force:
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10.78 million (2007 est.) |
Labor force participation rate:
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47.03 % of population |
Labor force - by occupation:
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agriculture: 5.3%
industry: 36.8%
services: 57.9% (2007 est.) |
Unemployment rate:
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3.9% (2007 est.) |
Budget:
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revenues: $76.2 billion
expenditures: $75.65 billion (2007 est.) |
Budget revenues per capita:
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3,325 USD per capita |
Public debt:
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27.9% of GDP (2007 est.) |
Industries:
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electronics, petroleum refining, armaments, chemicals, textiles, iron and steel, machinery, cement, food processing, vehicles, consumer products, pharmaceuticals |
Industrial production growth rate:
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7.5% (2007 est.) |
Electricity - production:
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235 billion kWh (2006) |
Electricity - production per capita:
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10,253 kWh per capita |
Electricity - consumption:
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221 billion kWh (2006) |
Electricity - consumption - per capita:
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9,642 kWh per capita |
Electricity - exports:
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0 kWh (2007 est.) |
Electricity - imports:
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0 kWh (2007) |
Oil - production:
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406 bbl/day (2006 est.) |
Oil - production per capita:
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18 bbl/day per capita |
Oil - consumption:
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816,700 bbl/day (2006 est.) |
Oil - consumption - per capita:
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13.01 bbl/year per capita |
Oil - exports:
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289,200 bbl/day (2006) |
Oil - imports:
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1.208 million bbl/day (2006) |
Oil - proved reserves:
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2.24 million bbl (1 January 2007 est.) |
Natural gas - production:
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462.9 million cu m (2006) |
Natural gas - production per capita:
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21 cu m per capita |
Natural gas - consumption:
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10.28 billion cu m (2006) |
Natural gas - consumption - per capita:
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449 cu m per capita |
Natural gas - exports:
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0 cu m (2007) |
Natural gas - imports:
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10.16 billion cu m (2006) |
Natural gas - proved reserves:
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13.55 billion cu m (2007 est.) |
Agriculture - products:
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rice, corn, vegetables, fruit, tea; pigs, poultry, beef, milk; fish |
Current account balance:
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$31.7 billion (2007) |
Current account balance - per capita:
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1,384 USD per capita |
Exports:
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$246.7 billion f.o.b. (2007 est.) |
Exports per capita:
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10,764 USD per capita |
Exports - commodities:
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electronic and electrical products, metals, textiles, plastics, chemicals, auto parts (2002) |
Exports - partners:
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China 24%, Hong Kong 15%, US 13.4%, Japan 6.7% (2007 est.) |
Imports:
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$219.3 billion f.o.b. (2007 est.) |
Imports per capita:
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9,568 USD per capita |
Imports - commodities:
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electronic and electrical products, machinery, petroleum, precision instruments, organic chemicals, metals (2002) |
Imports - partners:
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Japan 21%, China 12.7%, US 12.2%, South Korea 7.1%, Saudi Arabia 4.6% (2007 est.) |
Reserves of foreign exchange and gold:
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$274.7 billion (31 December 2007) |
Reserves of foreign exchange and gold - per capita:
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11,985 USD per capita |
Debt - external:
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$98.44 billion (31 December 2007) |
Debt - external - per capita:
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4,295 USD per capita |
Stock of direct foreign investment - at home:
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$92.83 billion (2007) |
Stock of direct foreign investment - abroad:
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$108.9 billion (2007) |
Market value of publicly traded shares:
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$654 billion (28 December 2007) |
Economic aid - donor:
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void |
Economic aid - recipient:
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void |
Economic aid - recipient per capita:
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void |
Currency (code):
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new Taiwan dollar (TWD) |
Exchange rates:
|
New Taiwan dollars per US dollar - 32.84 (2007), 32.534 (2006), 31.71 (2005), 34.418 (2004), 34.575 (2003) |
Fiscal year:
|
calendar year |
|
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