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Agriculture > products
rice, corn, vegetables, fruit, tea; pigs, poultry, beef, milk; fish |
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Big Mac Index
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$2.35 |
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[31st of 65]
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Business efficiency
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78.319 |
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[11th of 51]
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Debt > External
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$97,850,000,000.00 |
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[33rd of 136]
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Distribution of family income > Gini index
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32.6 |
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[24th of 43]
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Economic freedom
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2.7 |
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[27th of 156]
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Economic importance
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3.9 |
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[16th of 25]
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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%. |
Exchange rates
new Taiwan dollars per US dollar - 33.422 (2004), 34.418 (2003), 34.575 (2002), 33.8 (2001), 33.09 (2000) |
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Exports
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$246,500,000,000.00 |
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[17th of 189]
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Exports to US
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$7,408,000,000.00 |
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[9th of 224]
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GDP
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$528,600,000,000.00 |
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[16th of 203]
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GDP > Real growth rate
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5.7% |
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[88th of 198]
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GDP per capita in 1900
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$759.00 |
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[32nd of 39]
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GDP per capita in 1950
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$922.00 |
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[41st of 52]
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GDP per capita in 1973
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$3,669.00 |
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[34th of 52]
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Inflation rate (consumer prices)
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1.8% |
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[161st of 192]
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Overall productivity > PPP
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$54,217.30 |
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[16th of 49]
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Population below poverty line
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0.95% |
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[20th of 46]
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Public debt
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27.9 % of GDP |
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[76th of 121]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; The Economist.; IMD International, 2005; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; Economic Importance, 1998 (GDP x PC Inc) figures in quadrillion people dollars; US Census Bureau; World Development Indicators database and CIA World Factbook; Angus Maddison; IMD International
ALTERNATIVE NAMES:
Taiwan, taiwan (china, republic of), chinese taipei, T'ai-wan, China, Taiwan, Taiwan (People's Republic of China), Taiwan (Peo. Rep. of China), Taiwan, China
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More facts and figures on Taiwan
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