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Country vs country: Australia and Taiwan compared: Economy stats

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Definitions

  • Budget > Revenues: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Debt > External: Total public and private debt owed to non-residents repayable in foreign currency, goods, or services.
  • Overview: This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. It also characterizes major economic events and policy changes in the most recent 12 months and may include a statement about one or two key future macroeconomic trends.
  • Exports: This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Fiscal year: The beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY).
  • GDP > Composition by sector > Agriculture: The gross domestic product (GDP) or value of all final goods produced by the agricultural sector within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • GDP > Composition by sector > Industry: The gross domestic product (GDP) or value of all final goods produced by the industrial sector within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • GDP > Composition by sector > Services: The gross domestic product (GDP) or value of all final services produced within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • GDP > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per capita figures expressed per 1 population.
  • GDP > Per capita > PPP: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year.
  • GDP > Purchasing power parity: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller.
  • GDP > Real growth rate: GDP growth on an annual basis adjusted for inflation and expressed as a percent.
  • Inflation rate > Consumer prices: This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices.
  • Public debt: This entry records the cumulatiive total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.
  • Unemployment rate: This entry contains the percent of the labor force that is without jobs. Substantial underemployment might be noted.
  • Distribution of family income > Gini index: This index measures the degree of inequality in the distribution of family income in a country. The index is calculated from the Lorenz curve, in which cumulative family income is plotted against the number of families arranged from the poorest to the ric
  • Debt > Government debt > Public debt, share of GDP: Public debt as % of GDP (CIA).

    No date was available from the Wikipedia article, so we used the date of retrieval.

  • Exports > Commodities: This entry provides a listing of the highest-valued exported products; it sometimes includes the percent of total dollar value.
  • Industries: A rank ordering of industries starting with the largest by value of annual output.
  • GDP > Composition, by sector of origin > Services: This entry is derived from Economy > GDP > Composition, by sector of origin, which shows where production takes place in an economy. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other private economic activities that do not produce material goods.
  • Economic freedom: Index of 'economic freedom', according to the American organisation 'The Heritage Foundation'. It is worth noting that such indices are based on highly culturally contingent factors. This data makes a number of assumptions about 'freedom' and the role of the government that are not accepted by much of the world's population. A broad discussion of The Heritage Foundation's definition and methodology can be found at http://www.heritage.org/research/features/index/ChapterPDFs/chapter5.HTML.
  • Exports per capita: This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Figures expressed per capita for the same year.
  • Debt > External > Per capita: Total public and private debt owed to non-residents repayable in foreign currency, goods, or services. Per capita figures expressed per 1 population.
  • GDP > Per capita > PPP per thousand people: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. Figures expressed per thousand people for the same year.
  • Exchange rates: The official value of a country's monetary unit at a given date or over a given period of time, as expressed in units of local currency per US dollar and as determined by international market forces or official fiat.
  • Imports > Commodities: This entry provides a listing of the highest-valued imported products; it sometimes includes the percent of total dollar value.
  • Big Mac Index: Price of a McDonald's Big Mac in US Dollars at current exchange rates. January 12th, 2006.
  • Budget > Expenditures: Expenditures calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Imports: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Budget surplus > + or deficit > -: This entry records the difference between national government revenues and expenditures, expressed as a percent of GDP. A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money. Countries with high budget deficits (relative to their GDPs) generally have more difficulty raising funds to finance expenditures, than those with lower deficits.
  • Technology index: The technology index denotes the country's technological readiness. This index is created with such indicators as companies spending on R&D;, the creativity of its scientific community, personal computer and internet penetration rates.
  • Current account balance: This entry records a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Labor force: This entry contains the total labor force figure.
  • Imports per capita: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Figures expressed per capita for the same year.
  • Exports > Main exports: Country main exports.
  • Industrial > Production growth rate: The annual percentage increase in industrial production (includes manufacturing, mining, and construction).
  • GDP > Official exchange rate: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at offical exchange rates (OER) is the home-currency-denominated annual GDP figure divided by the bilateral average US exchange rate with that country in that year. The measure is simple to compute and gives a precise measure of the value of output. Many economists prefer this measure when gauging the economic power an economy maintains vis-a-vis its neighbors, judging that an exchange rate captures the purchasing power a nation enjoys in the international marketplace. Official exchange rates, however, can be artifically fixed and/or subject to manipulation - resulting in claims of the country having an under- or over-valued currency - and are not necessarily the equivalent of a market-determined exchange rate. Moreover, even if the official exchange rate is market-determined, market exchange rates are frequently established by a relatively small set of goods and services (the ones the country trades) and may not capture the value of the larger set of goods the country produces. Furthermore, OER-converted GDP is not well suited to comparing domestic GDP over time, since appreciation/depreciation from one year to the next will make the OER GDP value rise/fall regardless of whether home-currency-denominated GDP changed.
  • GDP > Composition, by sector of origin > Agriculture: This entry is derived from Economy > GDP > Composition, by sector of origin, which shows where production takes place in an economy. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other private economic activities that do not produce material goods.
  • Exports > Partners: This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
  • Budget > Revenues > Per capita: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms Per capita figures expressed per 1 population.
  • GDP > Composition, by end use > Household consumption: This entry is derived from Economy > GDP > Composition, by end use, which shows who does the spending in an economy: consumers, businesses, government, and foreigners. The distribution gives the percentage contribution to total GDP of household consumption, government consumption, investment in fixed capital, investment in inventories, exports of goods and services, and imports of goods and services, and will total 100 percent of GDP if the data are complete.
    household consumption consists of expenditures by resident households, and by nonprofit institutions that serve households, on goods and services that are consumed by individuals. This includes consumption of both domestically produced and foreign goods and services.
    government consumption consists of government expenditures on goods and services. These figures exclude government transfer payments, such as interest on debt, unemployment, and social security, since such payments are not made in exchange for goods and services supplied.
    investment in fixed capital consists of total business spending on fixed assets, such as factories, machinery, equipment, dwellings, and inventories of raw materials, which provide the basis for future production. It is measured gross of the depreciation of the assets, i.e., it includes investment that merely replaces worn-out or scrapped capital. Earlier editions of The World Factbook referred to this concept as Investment (gross fixed) and that data now have been moved to this new field.
    investment in inventories consists of net changes to the stock of outputs that are still held by the units that produce them, awaiting further sale to an end user, such as automobiles sitting on a dealer’s lot or groceries on the store shelves. This figure may be positive or negative. If the stock of unsold output increases during the relevant time period, investment in inventories is positive, but, if the stock of unsold goods declines, it will be negative. Investment in inventories normally is an early indicator of the state of the economy. If the stock of unsold items increases unexpectedly – because people stop buying - the economy may be entering a recession; but if the stock of unsold items falls - and goods "go flying off the shelves" - businesses normally try to replace those stocks, and the economy is likely to accelerate.
    exports of goods and services consist of sales, barter, gifts, or grants of goods and services from residents to nonresidents.
    imports of goods and ...
    Full definition
    .
  • Labor force > By occupation > Agriculture: This entry is derived from Economy > Labor force > By occupation, which lists the percentage distribution of the labor force by sector of occupation. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other economic activities that do not produce material goods. The distribution will total less than 100 percent if the data are incomplete and may range from 99-101 percent due to rounding.
    Additional details:
    • Gibraltar: negligible (2013)


  • Currency: The national medium of exchange and its basic sub-unit.
  • Imports > Partners: This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
  • GDP > Composition, by end use > Exports of goods and services: This entry is derived from Economy > GDP > Composition, by end use, which shows who does the spending in an economy: consumers, businesses, government, and foreigners. The distribution gives the percentage contribution to total GDP of household consumption, government consumption, investment in fixed capital, investment in inventories, exports of goods and services, and imports of goods and services, and will total 100 percent of GDP if the data are complete.
    household consumption consists of expenditures by resident households, and by nonprofit institutions that serve households, on goods and services that are consumed by individuals. This includes consumption of both domestically produced and foreign goods and services.
    government consumption consists of government expenditures on goods and services. These figures exclude government transfer payments, such as interest on debt, unemployment, and social security, since such payments are not made in exchange for goods and services supplied.
    investment in fixed capital consists of total business spending on fixed assets, such as factories, machinery, equipment, dwellings, and inventories of raw materials, which provide the basis for future production. It is measured gross of the depreciation of the assets, i.e., it includes investment that merely replaces worn-out or scrapped capital. Earlier editions of The World Factbook referred to this concept as Investment (gross fixed) and that data now have been moved to this new field.
    investment in inventories consists of net changes to the stock of outputs that are still held by the units that produce them, awaiting further sale to an end user, such as automobiles sitting on a dealer’s lot or groceries on the store shelves. This figure may be positive or negative. If the stock of unsold output increases during the relevant time period, investment in inventories is positive, but, if the stock of unsold goods declines, it will be negative. Investment in inventories normally is an early indicator of the state of the economy. If the stock of unsold items increases unexpectedly – because people stop buying - the economy may be entering a recession; but if the stock of unsold items falls - and goods "go flying off the shelves" - businesses normally try to replace those stocks, and the economy is likely to accelerate.
    exports of goods and services consist of sales, barter, gifts, or grants of goods and services from residents to nonresidents.
    imports of goods and ...
    Full definition
     .
  • Debt > Government debt > Gross government debt, share of GDP: Gross government debt as % of GDP (IMF).

    No date was available from the Wikipedia article, so we used the date of retrieval.

  • GDP > Composition, by sector of origin > Industry: This entry is derived from Economy > GDP > Composition, by sector of origin, which shows where production takes place in an economy. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other private economic activities that do not produce material goods.
  • Investment > Gross fixed: This entry records total business spending on fixed assets, such as factories, machinery, equipment, dwellings, and inventories of raw materials, which provide the basis for future production. It is measured gross of the depreciation of the assets, i.e., it includes invesment that merely replaces worn-out or scrapped capital.
  • Taxes and other revenues: This entry records total taxes and other revenues received by the national government during the time period indicated, expressed as a percent of GDP. Taxes include personal and corporate income taxes, value added taxes, excise taxes, and tariffs. Other revenues include social contributions - such as payments for social security and hospital insurance - grants, and net revenues from public enterprises. Normalizing the data, by dividing total revenues by GDP, enables easy comparisons across countries, and provides an average rate at which all income (GDP) is paid to the national level government for the supply of public goods and services.
  • Trade > Exports > Per $ GDP: The total US dollar amount of exports on an f.o.b. (free on board) basis. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Labor force > By occupation > Industry: This entry is derived from Economy > Labor force > By occupation, which lists the percentage distribution of the labor force by sector of occupation. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other economic activities that do not produce material goods. The distribution will total less than 100 percent if the data are incomplete and may range from 99-101 percent due to rounding.
  • Labor force > By occupation > Services: This entry is derived from Economy > Labor force > By occupation, which lists the percentage distribution of the labor force by sector of occupation. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other economic activities that do not produce material goods. The distribution will total less than 100 percent if the data are incomplete and may range from 99-101 percent due to rounding.
  • Trade > Exports: The total US dollar amount of exports on an f.o.b. (free on board) basis.
  • Trade > Imports: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Investment > External financial assets: Gross financial assets privately owned by residents of the country, mainly in the form of bank deposits, insurances and securities, in EUR.
  • Overall productivity > PPP: Estimates: GDP (PPP) per person employed, US$
  • Labor force per thousand people: This entry contains the total labor force figure. Figures expressed per thousand people for the same year.
  • GDP > Composition, by end use > Imports of goods and services: This entry is derived from Economy > GDP > Composition, by end use, which shows who does the spending in an economy: consumers, businesses, government, and foreigners. The distribution gives the percentage contribution to total GDP of household consumption, government consumption, investment in fixed capital, investment in inventories, exports of goods and services, and imports of goods and services, and will total 100 percent of GDP if the data are complete.
    household consumption consists of expenditures by resident households, and by nonprofit institutions that serve households, on goods and services that are consumed by individuals. This includes consumption of both domestically produced and foreign goods and services.
    government consumption consists of government expenditures on goods and services. These figures exclude government transfer payments, such as interest on debt, unemployment, and social security, since such payments are not made in exchange for goods and services supplied.
    investment in fixed capital consists of total business spending on fixed assets, such as factories, machinery, equipment, dwellings, and inventories of raw materials, which provide the basis for future production. It is measured gross of the depreciation of the assets, i.e., it includes investment that merely replaces worn-out or scrapped capital. Earlier editions of The World Factbook referred to this concept as Investment (gross fixed) and that data now have been moved to this new field.
    investment in inventories consists of net changes to the stock of outputs that are still held by the units that produce them, awaiting further sale to an end user, such as automobiles sitting on a dealer’s lot or groceries on the store shelves. This figure may be positive or negative. If the stock of unsold output increases during the relevant time period, investment in inventories is positive, but, if the stock of unsold goods declines, it will be negative. Investment in inventories normally is an early indicator of the state of the economy. If the stock of unsold items increases unexpectedly – because people stop buying - the economy may be entering a recession; but if the stock of unsold items falls - and goods "go flying off the shelves" - businesses normally try to replace those stocks, and the economy is likely to accelerate.
    exports of goods and services consist of sales, barter, gifts, or grants of goods and services from residents to nonresidents.
    imports of goods and ...
    Full definition






  • Debt > External > Per $ GDP: Total public and private debt owed to non-residents repayable in foreign currency, goods, or services. Per $ GDP figures expressed per 1,000 $ gross domestic product.
  • Gross national saving: Gross national saving is derived by deducting final consumption expenditure (household plus government) from Gross national disposable income, and consists of personal saving, plus business saving (the sum of the capital consumption allowance and retained business profits), plus government saving (the excess of tax revenues over expenditures), but excludes foreign saving (the excess of imports of goods and services over exports). The figures are presented as a percent of GDP. A negative number indicates that the economy as a whole is spending more income than it produces, thus drawing down national wealth (dissaving).
  • Business > Companies > Corporate governance (overall rating): Overall rating of each country's adherence to the corporate governance guidelines set forth in three prominent economical essays. The ratings are out of 10, with 10 meaning full adherence.
  • Business efficiency: Based upon a business efficiency index where '100' represents the highest level of business efficiency.
  • GDP > Composition, by end use > Government consumption: This entry is derived from Economy > GDP > Composition, by end use, which shows who does the spending in an economy: consumers, businesses, government, and foreigners. The distribution gives the percentage contribution to total GDP of household consumption, government consumption, investment in fixed capital, investment in inventories, exports of goods and services, and imports of goods and services, and will total 100 percent of GDP if the data are complete.
    household consumption consists of expenditures by resident households, and by nonprofit institutions that serve households, on goods and services that are consumed by individuals. This includes consumption of both domestically produced and foreign goods and services.
    government consumption consists of government expenditures on goods and services. These figures exclude government transfer payments, such as interest on debt, unemployment, and social security, since such payments are not made in exchange for goods and services supplied.
    investment in fixed capital consists of total business spending on fixed assets, such as factories, machinery, equipment, dwellings, and inventories of raw materials, which provide the basis for future production. It is measured gross of the depreciation of the assets, i.e., it includes investment that merely replaces worn-out or scrapped capital. Earlier editions of The World Factbook referred to this concept as Investment (gross fixed) and that data now have been moved to this new field.
    investment in inventories consists of net changes to the stock of outputs that are still held by the units that produce them, awaiting further sale to an end user, such as automobiles sitting on a dealer’s lot or groceries on the store shelves. This figure may be positive or negative. If the stock of unsold output increases during the relevant time period, investment in inventories is positive, but, if the stock of unsold goods declines, it will be negative. Investment in inventories normally is an early indicator of the state of the economy. If the stock of unsold items increases unexpectedly – because people stop buying - the economy may be entering a recession; but if the stock of unsold items falls - and goods "go flying off the shelves" - businesses normally try to replace those stocks, and the economy is likely to accelerate.
    exports of goods and services consist of sales, barter, gifts, or grants of goods and services from residents to nonresidents.
    imports of goods and ...
    Full definition






  • Debt > Interest rates > Central bank discount rate: Compares the annualized interest rate set by centrals banks over loans requested by commercial banks to meet temporary shortages of funds. Through these loans, central banks can influence the commercial banks' interest rates as a tool of monetary policy. Usually their interest rates are lower than the ones offered by commercial banks, which lend it at a higher rate to make their profit.
  • Industrial production growth rate: This entry gives the annual percentage increase in industrial production (includes manufacturing, mining, and construction).
  • Entrepreneurship > Starting a Business > Index ranking: Doing Business records all generic procedures that are officially required for an entrepreneur to start up and operate an industrial or commercial business. These include obtaining all necessary licenses and permits and completing any required notifications, verifications or inscriptions with relevant authorities. After a study of laws, regulations and publicly available information on business entry, a detailed list of procedures, time, cost and paid-in minimum capital requirements is developed. Subsequently, local incorporation lawyers and government officials complete and verify the data on applicable procedures, the time and cost of complying with each procedure under normal circumstances and the paid-in minimum capital. On average 4 law firms participate in each country. Information is also collected on the sequence in which procedures are to be completed and whether procedures may be carried out simultaneously. It is assumed that any required information is readily available and that all government and nongovernment agencies involved in the start-up process function efficiently and without corruption. If answers by local experts differ, inquiries continue until the data are reconciled. NOTE: This is a ranking derived from several indicators, 1 being the best (ranked first). The higher the number on this graph, the lower their overall ranking. Invert this graph by clicking on 'Amount' at the top. Consult source for details on methodology.
  • Size of economy > Share of world GDP : Percent of world GDP (exchange rates).

    No date was available from the Wikipedia article, so we used the date of retrieval.

    No date was available from the Wikipedia article, so we used the date of retrieval.

    No date was available from the Wikipedia article, so we used the date of retrieval.

    No date was available from the Wikipedia article, so we used the date of retrieval.

    No date was available from the Wikipedia article, so we used the date of retrieval.

    No date was available from the Wikipedia article, so we used the date of retrieval.

    No date was available from the Wikipedia article, so we used the date of retrieval.

  • Reserves of foreign exchange and gold: This entry gives the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country's balance of payments needs as of the end-date of the period specified. This category includes not only foreign currency and gold, but also a country's holdings of Special Drawing Rights in the International Monetary Fund, and its reserve position in the Fund.
  • GDP growth > Duration 1980-2000: Gross domestic product GDP growth rate from 1980 to 2000
  • GDP > Composition, by end use > Investment in fixed capital: This entry is derived from Economy > GDP > Composition, by end use, which shows who does the spending in an economy: consumers, businesses, government, and foreigners. The distribution gives the percentage contribution to total GDP of household consumption, government consumption, investment in fixed capital, investment in inventories, exports of goods and services, and imports of goods and services, and will total 100 percent of GDP if the data are complete.
    household consumption consists of expenditures by resident households, and by nonprofit institutions that serve households, on goods and services that are consumed by individuals. This includes consumption of both domestically produced and foreign goods and services.
    government consumption consists of government expenditures on goods and services. These figures exclude government transfer payments, such as interest on debt, unemployment, and social security, since such payments are not made in exchange for goods and services supplied.
    investment in fixed capital consists of total business spending on fixed assets, such as factories, machinery, equipment, dwellings, and inventories of raw materials, which provide the basis for future production. It is measured gross of the depreciation of the assets, i.e., it includes investment that merely replaces worn-out or scrapped capital. Earlier editions of The World Factbook referred to this concept as Investment (gross fixed) and that data now have been moved to this new field.
    investment in inventories consists of net changes to the stock of outputs that are still held by the units that produce them, awaiting further sale to an end user, such as automobiles sitting on a dealer’s lot or groceries on the store shelves. This figure may be positive or negative. If the stock of unsold output increases during the relevant time period, investment in inventories is positive, but, if the stock of unsold goods declines, it will be negative. Investment in inventories normally is an early indicator of the state of the economy. If the stock of unsold items increases unexpectedly – because people stop buying - the economy may be entering a recession; but if the stock of unsold items falls - and goods "go flying off the shelves" - businesses normally try to replace those stocks, and the economy is likely to accelerate.
    exports of goods and services consist of sales, barter, gifts, or grants of goods and services from residents to nonresidents.
    imports of goods and ...
    Full definition
    .
  • Entrepreneurship > Hiring and Firing > Index ranking: Every economy has established a complex system of laws and institutions intended to protect the interests of workers and to guarantee a minimum standard of living for its population. The OECD Job Study and the International Encyclopedia for Labour Law and Industrial Relations identify 4 areas subject to statutory regulation in all countries: employment, social security, industrial relations and occupational health and safety. Doing Business focuses on the regulation of employment, specifically the hiring and firing of workers and the rigidity of working hours. This year data on social security payments by the employer and pension benefits, including the mandatory retirement age, have been added. The data on hiring and firing workers are based on a detailed survey of employment and social security regulations. The survey is completed by local law firms. The employment laws of most countries are available online in the NATLEX database, published by the International Labour Organization. In all cases both actual laws and secondary sources are used to ensure accuracy. Conflicting answers are further checked against 2 additional sources, including a local legal treatise on employment regulation. NOTE: This is a ranking derived from several indicators, 1 being the best (ranked first). The higher the number on this graph, the lower their overall ranking. Invert this graph by clicking on 'Amount' at the top. Consult source for details on methodology.
  • GDP > Median household income (PPP): Median Household Income $PPP.
  • IKEA > First store opening year: Date the first IKEA store, a home products retail chain, was opened in different countries.
  • Trade balance with US: In US dollars. Jan 2003 - March 2003
  • Currency > Monetary unit: Country currency.
  • Budget > Expenditures > Per capita: Expenditures calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms Per capita figures expressed per 1 population.
  • GDP > Purchasing power parity > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per capita figures expressed per 1 population.
  • GDP > Composition, by end use > Investment in inventories: This entry is derived from Economy > GDP > Composition, by end use, which shows who does the spending in an economy: consumers, businesses, government, and foreigners. The distribution gives the percentage contribution to total GDP of household consumption, government consumption, investment in fixed capital, investment in inventories, exports of goods and services, and imports of goods and services, and will total 100 percent of GDP if the data are complete.
    household consumption consists of expenditures by resident households, and by nonprofit institutions that serve households, on goods and services that are consumed by individuals. This includes consumption of both domestically produced and foreign goods and services.
    government consumption consists of government expenditures on goods and services. These figures exclude government transfer payments, such as interest on debt, unemployment, and social security, since such payments are not made in exchange for goods and services supplied.
    investment in fixed capital consists of total business spending on fixed assets, such as factories, machinery, equipment, dwellings, and inventories of raw materials, which provide the basis for future production. It is measured gross of the depreciation of the assets, i.e., it includes investment that merely replaces worn-out or scrapped capital. Earlier editions of The World Factbook referred to this concept as Investment (gross fixed) and that data now have been moved to this new field.
    investment in inventories consists of net changes to the stock of outputs that are still held by the units that produce them, awaiting further sale to an end user, such as automobiles sitting on a dealer’s lot or groceries on the store shelves. This figure may be positive or negative. If the stock of unsold output increases during the relevant time period, investment in inventories is positive, but, if the stock of unsold goods declines, it will be negative. Investment in inventories normally is an early indicator of the state of the economy. If the stock of unsold items increases unexpectedly – because people stop buying - the economy may be entering a recession; but if the stock of unsold items falls - and goods "go flying off the shelves" - businesses normally try to replace those stocks, and the economy is likely to accelerate.
    exports of goods and services consist of sales, barter, gifts, or grants of goods and services from residents to nonresidents.
    imports of goods and ...
    Full definition






  • GDP > Per $ GDP: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Economic importance: Globalpolicy.org
  • Stock of direct foreign investment > At home: This entry gives the cumulative US dollar value of all investments in the home country made directly by residents - primarily companies - of other countries as of the end of the time period indicated. Direct investment excludes investment through purchase of shares.
  • Trade > With US > US imports of bauxite and aluminum: US imports of bauxite and aluminum, USD Thousands, 2004
  • Business > Companies > Specific companies > IKEA > Debut: The year in which the first IKEA opened in each country. The first IKEA opened in Sweden in 1958.
  • Trade > Exports to US: in US dollars. Jan 2003 - March 2003
  • Public institution index: Public institution index indicates the state of the country's public institutions.
  • Oil > Exports: This entry is the total oil exported in barrels per day (bbl/day), including both crude oil and oil products.
    Additional details:
    • Bahamas, The: transshipments of 41,570 bbl/day (2007)
    • Bahamas, The: transshipments of 41,610 bbl/day (2009)


  • Investment > External financial assets per capita: Financial assets in 2013 EUR billions. Figures expressed per capita for the same year.
  • GDP > CIA Factbook > Per capita: Per capita figures expressed per 1 population.
  • Oil > Consumption: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.
  • Electricity > Consumption: This entry consists of total electricity generated annually plus imports and minus exports, expressed in kilowatt-hours. The discrepancy between the amount of electricity generated and/or imported and the amount consumed and/or exported is accounted for as loss in transmission and distribution.
  • Trade > Imports from US: In US dollars. Jan 2003 - March 2003
  • Budget > Expenditures > Per $ GDP: Expenditures calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms Per $ GDP figures expressed per 1 $ gross domestic product.
  • Trade > With US > US > Exports of tobacco > Manufactured: US exports of tobacco, manufactured, USD Thousands, 2004
  • Business > Companies > Specific companies > IKEA > No. of stores: The number of IKEA outlets in each country.
  • Trade > Exports > Commodities: A rank ordering of exported products starting with the most important; it sometimes includes the percent of total dollar value.
  • Summary: Country economy.
  • Budget > Revenues > Per $ GDP: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms Per $ GDP figures expressed per 1 $ gross domestic product.
STAT Australia Taiwan HISTORY
Budget > Revenues $504.70 billion
Ranked 10th. 6 times more than Taiwan
$78.38 billion
Ranked 39th.

Debt > External $1.50 trillion
Ranked 12th. 11 times more than Taiwan
$130.80 billion
Ranked 40th.

Overview The Australian economy has experienced continuous growth and features low unemployment, contained inflation, very low public debt, and a strong and stable financial system. By 2012, Australia had experienced more than 20 years of continued economic growth, averaging 3.5% a year. Demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports. The high Australian dollar has hurt the manufacturing sector, while the services sector is the largest part of the Australian economy, accounting for about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by the global financial crisis as the banking system has remained strong and inflation is under control. Australia has benefited from a dramatic surge in its terms of trade in recent years, stemming from rising global commodity prices. Australia is a significant exporter of natural resources, energy, and food. Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron, copper, gold, natural gas, uranium, and renewable energy sources. A series of major investments, such as the US$40 billion Gorgon Liquid Natural Gas project, will significantly expand the resources sector. Australia is an open market with minimal restrictions on imports of goods and services. The process of opening up has increased productivity, stimulated growth, and made the economy more flexible and dynamic. Australia plays an active role in the World Trade Organization, APEC, the G20, and other trade forums. Australia has bilateral free trade agreements (FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has a regional FTA with ASEAN and New Zealand, is negotiating agreements with China, India, Indonesia, Japan, and the Republic of Korea, as well as with its Pacific neighbors and the Gulf Cooperation Council countries, and is also working on the Trans-Pacific Partnership Agreement with Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam. Taiwan has a dynamic capitalist economy with gradually decreasing government guidance of investment and foreign trade. Exports, led by electronics, machinery, and petrochemicals have provided the primary impetus for economic development. This heavy dependence on exports exposes the economy to fluctuations in world demand. In 2009, Taiwan's GDP contracted 1.8%, due primarily to a 13.1% year-on-year decline in exports. In 2010 GDP grew 10.7%, as exports returned to the level of previous years, and in 2011, grew 4.0%. In 2012, however, growth fell to 1.3%, because of softening global demand. Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are major long-term challenges. Free trade agreements have proliferated in East Asia over the past several years, but except for the landmark Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010, so far Taiwan has been excluded from this greater economic integration in part because of its diplomatic status. Negotiations continue on such follow-on components of ECFA regarding trade in goods and services. The MA administration has said that the ECFA will serve as a stepping stone toward trade pacts with other key trade partners, which Taiwan subsequently launched with Singapore and New Zealand. Taiwan's Total Fertility rate of just over one child per woman is among the lowest in the world, raising the prospect of future labor shortages, falling domestic demand, and declining tax revenues. Taiwan's population is aging quickly, with the number of people over 65 accounting for 11.2% of the island's total population as of 2012. The island runs a large trade surplus largely because of its surplus with China, and its foreign reserves are the world's fifth largest, behind China, Japan, Saudi Arabia, and Russia. In 2006 China overtook the US to become Taiwan's second-largest source of imports after Japan. China is also the island's number one destination for foreign direct investment. Three financial memorandums of understanding, covering banking, securities, and insurance, took effect in mid-January 2010, opening the island to greater investments from the mainland's financial firms and institutional investors, and providing new opportunities for Taiwan financial firms to operate in China. In August 2012, Taiwan Central Bank signed a memorandum of understanding on cross-Strait currency settlement with its Chinese counterpart. The MOU allows for the direct settlement of Chinese RMB and the New Taiwan dollar across the Strait, which could help develop Taiwan into a local RMB hub. Closer economic links with the mainland bring greater opportunities for the Taiwan economy, but also poses new challenges as the island becomes more economically dependent on China while political differences remain unresolved.
Exports $257.90 billion
Ranked 22nd.
$299.80 billion
Ranked 20th. 16% more than Australia

Fiscal year 1 calendar year
GDP > Composition by sector > Agriculture 4%
Ranked 139th. 2 times more than Taiwan
1.8%
Ranked 182nd.

GDP > Composition by sector > Industry 26.6%
Ranked 108th.
29.6%
Ranked 81st. 11% more than Australia

GDP > Composition by sector > Services 69.4%
Ranked 48th. 1% more than Taiwan
68.6%
Ranked 54th.

GDP > Per capita $37,828.78 per capita
Ranked 15th. 24% more than Taiwan
$30,561.44 per capita
Ranked 28th.

GDP > Per capita > PPP $42,000.00
Ranked 11th. 9% more than Taiwan
$38,400.00
Ranked 18th.

GDP > Purchasing power parity $961.00 billion
Ranked 18th. 7% more than Taiwan
$894.30 billion
Ranked 19th.

GDP > Real growth rate 3.7%
Ranked 87th. 3 times more than Taiwan
1.3%
Ranked 138th.

Inflation rate > Consumer prices 1.8%
Ranked 168th.
1.9%
Ranked 166th. 6% more than Australia

Public debt 32.4% of GDP
Ranked 107th.
35.8% of GDP
Ranked 102nd. 10% more than Australia

Unemployment rate 5.2%
Ranked 88th. 24% more than Taiwan
4.2%
Ranked 96th.

Distribution of family income > Gini index 30.3
Ranked 29th.
34.2
Ranked 9th. 13% more than Australia

Debt > Government debt > Public debt, share of GDP 29.3 CIA
Ranked 117th.
36 CIA
Ranked 99th. 23% more than Australia
Exports > Commodities coal, iron ore, gold, meat, wool, alumina, wheat, machinery and transport equipment electronics, flat panels, machinery; metals; textiles, plastics, chemicals; optical, photographic, measuring, and medical instruments
Industries mining, industrial and transportation equipment, food processing, chemicals, steel electronics, communications and information technology products, petroleum refining, armaments, chemicals, textiles, iron and steel, machinery, cement, food processing, vehicles, consumer products, pharmaceuticals
Central bank discount rate 3%
Ranked 3rd. 60% more than Taiwan
1.88%
Ranked 34th.

GDP > Composition, by sector of origin > Services 68.9%
Ranked 55th. 1% more than Taiwan
68.2%
Ranked 61st.
Economic freedom 82.6
Ranked 3rd. 14% more than Taiwan
72.7
Ranked 20th.

Exports per capita $11,369.45
Ranked 28th.
$12,902.98
Ranked 26th. 13% more than Australia

Debt > External > Per capita $40,368.64 per capita
Ranked 13th. 9 times more than Taiwan
$4,280.61 per capita
Ranked 43th.

GDP > Per capita > PPP per thousand people $1.85
Ranked 81st. 12% more than Taiwan
$1.65
Ranked 84th.

Exchange rates Australian dollars (AUD) per US dollar -<br />0.97 (2012 est.)<br />0.97 (2011 est.)<br />1.09 (2010)<br />1.28 (2009)<br />1.21 (2008) New Taiwan dollars (TWD) per US dollar -<br />29.62 (2012 est.)<br />29.47 (2011 est.)<br />31.65 (2010 est.)<br />33.06 (2009)<br />31.53 (2008)
Imports > Commodities machinery and transport equipment, computers and office machines, telecommunication equipment and parts; crude oil and petroleum products electronics, machinery, crude petroleum, precision instruments, organic chemicals, metals
Big Mac Index $2.44
Ranked 28th. 4% more than Taiwan
$2.35
Ranked 31st.
Budget > Expenditures $556.10 billion
Ranked 11th. 6 times more than Taiwan
$90.42 billion
Ranked 37th.

Imports $263.00 billion
Ranked 20th.
$268.80 billion
Ranked 19th. 2% more than Australia

Agriculture > Products wheat, barley, sugarcane, fruits; cattle, sheep, poultry rice, vegetables, fruit, tea, flowers; pigs, poultry; fish
Budget surplus > + or deficit > - -3.4% of GDP
Ranked 109th. 31% more than Taiwan
-2.6% of GDP
Ranked 84th.

Technology index 4.93
Ranked 16th.
6.04
Ranked 2nd. 23% more than Australia
Current account balance $-57,140,000,000.00
Ranked 175th.
$49.92 billion
Ranked 13th.

Labor force 12
Ranked 115th. 9% more than Taiwan
11
Ranked 122nd.

Imports per capita $11,594.28
Ranked 29th. About the same as Taiwan
$11,568.79
Ranked 30th.

Exports > Main exports Ores and metals; wool, food and live animals; fuels, transport machinery and equipment Electronics, machinery, optical instruments, chemicals, iron and steel articles and information communications technology products
Commercial bank prime lending rate 6.98%
Ranked 124th. 2 times more than Taiwan
2.88%
Ranked 173th.

Industrial > Production growth rate 3%
Ranked 105th.
26.4%
Ranked 2nd. 9 times more than Australia

GDP > Official exchange rate $1.52 trillion
Ranked 12th. 3 times more than Taiwan
$467.70 billion
Ranked 27th.

GDP > Composition, by sector of origin > Agriculture 3.9%
Ranked 137th. 95% more than Taiwan
2%
Ranked 177th.
GDP per capita in 1950 $7,218.00
Ranked 5th. 8 times more than Taiwan
$922.00
Ranked 38th.
Exports > Partners China 29.5%, Japan 19.3%, South Korea 8%, India 4.9% China 27.1%, Hong Kong 13.2%, US 10.3%, Japan 6.4%, Singapore 4.4%
Budget > Revenues > Per capita $15,753.02 per capita
Ranked 19th. 5 times more than Taiwan
$3,333.50 per capita
Ranked 48th.

GDP > Composition, by end use > Household consumption 54.9%
Ranked 142nd.
60.3%
Ranked 114th. 10% more than Australia
Labor force > By occupation > Agriculture 3.6%
Ranked 155th.
5%
Ranked 144th. 39% more than Australia

Currency Australian dollar New Taiwan dollar
Imports > Partners China 18.4%, US 11.7%, Japan 7.9%, Singapore 6%, Germany 4.6%, Thailand 4.2%, South Korea 4.1% Japan 17.6%, China 16.1%, US 9.5%
GDP > Composition, by end use > Exports of goods and services 20.1%
Ranked 164th.
73.6%
Ranked 31st. 4 times more than Australia
Debt > Government debt > Gross government debt, share of GDP 27.16 IMF
Ranked 136th.
40.94 IMF
Ranked 94th. 51% more than Australia
GDP > Composition, by sector of origin > Industry 27.2%
Ranked 103th.
29.8%
Ranked 79th. 10% more than Australia
Investment > Gross fixed 28.2% of GDP
Ranked 27th. 40% more than Taiwan
20.1% of GDP
Ranked 91st.

Taxes and other revenues 33.2% of GDP
Ranked 67th. 98% more than Taiwan
16.8% of GDP
Ranked 159th.

Trade > Exports > Per $ GDP $0.16 per $1 of GDP
Ranked 130th.
$0.27 per $1 of GDP
Ranked 76th. 67% more than Australia

Labor force > By occupation > Industry 21.1%
Ranked 66th.
36.2%
Ranked 11th. 72% more than Australia

Labor force > By occupation > Services 75%
Ranked 2nd. 28% more than Taiwan
58.8%
Ranked 12th.

Trade > Exports $210.70 billion
Ranked 20th.
$274.60 billion
Ranked 16th. 30% more than Australia

Trade > Imports $200.40 billion
Ranked 20th.
$251.40 billion
Ranked 17th. 25% more than Australia

Investment > External financial assets €2.65 trillion
Ranked 9th. 50% more than Taiwan
€1.76 trillion
Ranked 11th.

Overall productivity > PPP $55,166.70
Ranked 12th. 2% more than Taiwan
$54,217.30
Ranked 15th.
Labor force per thousand people 0.000539
Ranked 100th. 14% more than Taiwan
0.000472
Ranked 120th.

GDP > Composition, by end use > Imports of goods and services -22%
Ranked 13th.
-66%
Ranked 140th. 3 times more than Australia
Stock of domestic credit $2.25 trillion
Ranked 11th. 3 times more than Taiwan
$743.10 billion
Ranked 18th.

Debt > External > Per $ GDP $817.65 per $1,000 of GDP
Ranked 25th. 8 times more than Taiwan
$101.10 per $1,000 of GDP
Ranked 114th.

GDP per capita in 1900 $4,299.00
Ranked 2nd. 6 times more than Taiwan
$759.00
Ranked 30th.
Gross national saving 25.2% of GDP
Ranked 45th.
30.3% of GDP
Ranked 25th. 20% more than Australia

Business > Companies > Corporate governance (overall rating) 6.65
Ranked 6th. 73% more than Taiwan
3.84
Ranked 31st.
Market value of publicly traded shares $1.40 trillion
Ranked 1st. 68% more than Taiwan
$831.90 billion
Ranked 7th.

Business efficiency 81.97
Ranked 9th. 5% more than Taiwan
78.32
Ranked 11th.
GDP > CIA Factbook $571.40 billion
Ranked 16th. 8% more than Taiwan
$528.60 billion
Ranked 17th.

GDP > Composition, by end use > Government consumption 18.2%
Ranked 63th. 47% more than Taiwan
12.4%
Ranked 138th.
GDP per capita in 1973 $12,485.00
Ranked 10th. 3 times more than Taiwan
$3,669.00
Ranked 31st.
Debt > Interest rates > Central bank discount rate 2.5%
Ranked 82nd. 67% more than Taiwan
1.5%
Ranked 84th.
Industrial production growth rate 3.5%
Ranked 77th. 4 times more than Taiwan
0.9%
Ranked 117th.

Entrepreneurship > Starting a Business > Index ranking 2
Ranked 153th.
79
Ranked 76th. 40 times more than Australia
Size of economy > Share of world GDP 1.21%
Ranked 14th. 61 times more than Taiwan
0.02%
Ranked 105th.
Reserves of foreign exchange and gold $49.15 billion
Ranked 38th.
$408.50 billion
Ranked 6th. 8 times more than Australia

GDP growth > Duration 1980-2000 52%
Ranked 28th.
210%
Ranked 2nd. 4 times more than Australia
GDP > Composition, by end use > Investment in fixed capital 28.5%
Ranked 43th. 45% more than Taiwan
19.6%
Ranked 120th.
Entrepreneurship > Hiring and Firing > Index ranking 14
Ranked 140th.
108
Ranked 46th. 8 times more than Australia
GDP > Median household income (PPP) $56,797.00
Ranked 5th. 42% more than Taiwan
$39,970.00
Ranked 19th.
IKEA > First store opening year 1975 1994
Trade balance with US $1.43 billion
Ranked 2nd.
$-3,563,100,000.00
Ranked 217th.
Currency > Monetary unit 1 Australian dollar = 100 cents New Taiwan dollar (NT$)
Budget > Expenditures > Per capita $15,454.50 per capita
Ranked 18th. 5 times more than Taiwan
$3,309.44 per capita
Ranked 47th.

GDP > Purchasing power parity > Per capita $37,828.78 per capita
Ranked 15th. 24% more than Taiwan
$30,561.44 per capita
Ranked 28th.

GDP > Composition, by end use > Investment in inventories 0.4%
Ranked 90th. Twice as much as Taiwan
0.2%
Ranked 105th.
GDP > Per $ GDP $37,828.78 per $1 of GDP
Ranked 15th. 24% more than Taiwan
$30,561.44 per $1 of GDP
Ranked 28th.

Economic importance 9
Ranked 8th. 2 times more than Taiwan
3.9
Ranked 16th.
Stock of direct foreign investment > At home $610.80 billion
Ranked 13th. 10 times more than Taiwan
$59.36 billion
Ranked 50th.

Trade > With US > US imports of bauxite and aluminum 137,156
Ranked 8th. 25 times more than Taiwan
5,512
Ranked 40th.
Business > Companies > Specific companies > IKEA > Debut 1,975
Ranked 42nd.
1,994
Ranked 23th. 1% more than Australia

Trade > Exports to US $1.43 billion
Ranked 32nd.
$7.41 billion
Ranked 8th. 5 times more than Australia
Public institution index 6.1
Ranked 12th. 10% more than Taiwan
5.56
Ranked 27th.
Oil > Exports 312,600 bbl/day
Ranked 39th. 3% more than Taiwan
303,000 bbl/day
Ranked 2nd.

Investment > External financial assets per capita €119,079.16
Ranked 3rd. 57% more than Taiwan
€75,709.08
Ranked 13th.

GDP > CIA Factbook > Per capita $28,752.58 per capita
Ranked 13th. 23% more than Taiwan
$23,386.28 per capita
Ranked 24th.
Oil > Consumption 960,800 bbl/day
Ranked 22nd.
1 million bbl/day
Ranked 20th. 4% more than Australia

Electricity > Consumption 225.4 billion kWh
Ranked 13th. 2% more than Taiwan
220.8 billion kWh
Ranked 5th.

Trade > Imports from US $2.85 billion
Ranked 14th.
$3.84 billion
Ranked 11th. 35% more than Australia
Budget > Expenditures > Per $ GDP $0.34 per $1 of GDP
Ranked 54th. 3 times more than Taiwan
$0.13 per $1 of GDP
Ranked 152nd.

Exchange rates to USD 1.2137 32.84
Trade > With US > US > Exports of tobacco > Manufactured 2,884
Ranked 35th.
20,954
Ranked 11th. 7 times more than Australia
Business > Companies > Specific companies > IKEA > No. of stores 7
Ranked 11th. 40% more than Taiwan
5
Ranked 17th.
Trade > Exports > Commodities iron ore, gold, meat, wool, alumina, wheat, machinery and transport equipment flat panels, machinery; metals; textiles, plastics, chemicals; optical, photographic, measuring, and medical instruments
Summary The strong, services-based economy has seen sustained growth; mining and agriculture provide the lion&#039;s share of exports It is a major producer of computer technology; the main export market for Taiwanese goods is China
Budget > Revenues > Per $ GDP $0.35 per $1 of GDP
Ranked 52nd. 3 times more than Taiwan
$0.11 per $1 of GDP
Ranked 151st.

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; CIA World Factbooks 2010, 2011, 2012, 2013; All CIA World Factbooks 18 December 2003 to 18 December 2008; CIA World Factbook 2010, 2011, 2012, 2013; Wikipedia: List of countries by public debt (List) (Public debt , The World Factbook , United States Central Intelligence Agency , accessed on March 21, 2013.); The Heritage Foundation; CIA World Factbooks 2010, 2011, 2012, 2013. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; CIA World Factbook 2010, 2011, 2012, 2013. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; The Economist.; World economic forum - Global Competitiveness Report 2004-2005; British Broadcasting Corporation 2014; Angus Maddison; Wikipedia: List of countries by public debt (List); https://www.allianz.com/v_1380187782000/media/economic_research/publications/specials/en/AGWR2013e.pdf, August 2013, p. 115.; IMD International; Angus Maddison; Wikipedia: List of countries by corporate governance; IMD International, 2005; Wikipedia: List of countries by central bank interest rates (https://www.cia.gov/library/publications/the-world-factbook/rankorder/2207rank.html http://www.worldinterestrates.info/ http://www.forexmotion.com/index.php/en/exchange-rates.html); Doing Business, Economy Rankings, 2005.; Wikipedia: World distribution of wealth (North America); Per Capita GDP Growth IMF; Wikipedia: Median household income (International statistics) (http://data.worldbank.org/indicator/PA.NUS.PPPC.RF?order=wbapi_data_value_2012+wbapi_data_value+wbapi_data_value-last&sort=desc); Various sources compiled into Wikipedia's List of IKEA stores; US Census Bureau; Economic Importance, 1998 (GDP x PC Inc) figures in quadrillion people dollars; FTDWebMaster, Foreign Trade Division, U.S. Census Bureau; Wikipedia: List of countries with IKEA stores; World economic forum - Global Competitiveness Report 2004-2005; Wikipedia: List of sovereign states by external assets. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.

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"Economy: Australia and Taiwan compared", NationMaster. Retrieved from http://www.nationmaster.com/country-info/compare/Australia/Taiwan/Economy

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