Taiwan (Taiwan Province of China) Economic Statistics and Indicators

16, Jul 2018, EDT. Welcome to the Taiwan economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Taiwan (Taiwan Province of China) › Change country
National or Regional Currency: New Taiwan Dollar, TWD
Year of data: 2015 › Change year
Number of Indicators Listed: 39
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 23,359,928 (July 2014 est.)
Area: total: 35,980 sq km ; land: 32,260 sq km ; water: 3,720 sq km ; note: includes the Pescadores, Matsu, and Quemoy islands
Natural Resources: small deposits of coal, natural gas, limestone, marble, and asbestos
Capital: name: Taipei ; geographic coordinates: 25 02 N, 121 31 E ; time difference: UTC+8 (13 hours ahead of Washington, DC, during Standard Time)

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. Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are other major long-term challenges. Free trade agreements have proliferated in East Asia over the past several years, and following the landmark Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010, Taiwan in July 2013 signed a free trade deal with New Zealand—Taipei’s first-ever with a country with which it does not maintain diplomatic relations—and in November inked a trade pact with Singapore. Negotiations continue on follow-on components of ECFA regarding trade in goods and a dispute resolution mechanism; a trade in services agreement is under review in the legislature. 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 overall trade surplus largely because of its surplus with China, and its foreign reserves are the world's sixth largest, behind China, Japan, Saudi Arabia, Russia, and Switzerland. 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. Taiwan since 2009 has gradually loosened rules governing Chinese investment on the island, and has also secured greater market access for its investors in the mainland. 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.
More on the Taiwan Economy
More on the Taiwan Export, Import and Trade

Economic Indicator Listing
  For Taiwan in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 0.745 %
GDP (Current Prices, National Currency)TWD 16,706.21 Billion.
GDP (Current Prices, US Dollars)US$ 523.581 Billion
GDP Deflator 106.879 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)TWD 665,369.78 .
GDP Per Capita (Current Prices, National Currency)TWD 711,142.24 .
GDP Per Capita (Current Prices, US Dollars)US$ 22,287.56
GDP (PPP), US DollarsUS$ 1,099.03 Billion
GDP Per Capita (PPP), US DollarsUS$ 46,783.00
GDP Share of World Total (PPP) 0.968 %
Implied PPP Conversion Rate 15.201
Investment (% of GDP) 20.879 %
Gross National Savings (% of GDP) 36.255 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 103.653 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) -0.305 %
Inflation, End of Year (Indexed to Year 2000) 102.704 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 0.135 %
Import Volume of All Items Including Goods and Services (Percent Change) 4.403 %
Import Volumes of Goods Only (Percent Change) -2.009 %
Export Volume of All Items Including Goods and Services (Percent Change) 1.541 %
Export Volumes of Goods Only (Percent Change) -1.523 %
Unemployment Rate (% of Labour Force) 3.78 %
Employment 11.198 Million
Population 23.492 Million
General government revenue (National Currency)TWD 2,612.04 Billions.
General government revenue (% of GDP) 15.635 %
General government total expenditure (National Currency)TWD 3,062.11 Billions.
General government total expenditure (% of GDP) 18.329 %
Total Government Net Lending/ Borrowing (National Currency)TWD -450.069 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -2.694 %
General Government Structural Balance (National Currency)TWD -448.213 Billion.
General Government Structural Balance (% Potential GDP) -2.681 %
Fiscal Year Gross Domestic Product, Current PricesTWD 16,706.21 Billions.
Current Account Balance (US Dollars)US$ 76.165 Billion
Current Account Balance (% GDP) 14.547 %
Economic Indicators for Taiwan 2015

GDP (Constant Prices, National Currency) for Taiwan in year 2015 is TWD 15,630.92 Billion.

GDP Growth (Constant Prices, National Currency) for Taiwan in year 2015 is 0.745 %.

GDP (Current Prices, National Currency) for Taiwan in year 2015 is TWD 16,706.21 Billion.

GDP (Current Prices, US Dollars) for Taiwan in year 2015 is US$ 523.581 Billion.

GDP Deflator for Taiwan in year 2015 is 106.879 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Taiwan in year 2015 is TWD 665,369.78 .

GDP Per Capita (Current Prices, National Currency) for Taiwan in year 2015 is TWD 711,142.24 .

GDP Per Capita (Current Prices, US Dollars) for Taiwan in year 2015 is US$ 22,287.56 .

GDP (PPP), US Dollars for Taiwan in year 2015 is US$ 1,099.03 Billion.

GDP Per Capita (PPP), US Dollars for Taiwan in year 2015 is US$ 46,783.00 .

GDP Share of World Total (PPP) for Taiwan in year 2015 is 0.968 %.

Implied PPP Conversion Rate for Taiwan in year 2015 is 15.201 .

Investment (% of GDP) for Taiwan in year 2015 is 20.879 %.

Gross National Savings (% of GDP) for Taiwan in year 2015 is 36.255 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Taiwan in year 2015 is 103.653 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Taiwan in year 2015 is -0.305 %.

Inflation, End of Year (Indexed to Year 2000) for Taiwan in year 2015 is 102.704 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Taiwan in year 2015 is 0.135 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Taiwan in year 2015 is 4.403 %.

Import Volumes of Goods Only (Percent Change) for Taiwan in year 2015 is -2.009 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Taiwan in year 2015 is 1.541 %.

Export Volumes of Goods Only (Percent Change) for Taiwan in year 2015 is -1.523 %.

Unemployment Rate (% of Labour Force) for Taiwan in year 2015 is 3.78 %.

Employment for Taiwan in year 2015 is 11.198 Million .

Population for Taiwan in year 2015 is 23.492 Million .

General government revenue (National Currency) for Taiwan in year 2015 is TWD 2,612.04 Billions.

General government revenue (% of GDP) for Taiwan in year 2015 is 15.635 %.

General government total expenditure (National Currency) for Taiwan in year 2015 is TWD 3,062.11 Billions.

General government total expenditure (% of GDP) for Taiwan in year 2015 is 18.329 %.

Total Government Net Lending/ Borrowing (National Currency) for Taiwan in year 2015 is TWD -450.069 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Taiwan in year 2015 is -2.694 %.

General Government Structural Balance (National Currency) for Taiwan in year 2015 is TWD -448.213 Billion.

General Government Structural Balance (% Potential GDP) for Taiwan in year 2015 is -2.681 %.

Fiscal Year Gross Domestic Product, Current Prices for Taiwan in year 2015 is TWD 16,706.21 Billions.

Current Account Balance (US Dollars) for Taiwan in year 2015 is US$ 76.165 Billion.

Current Account Balance (% GDP) for Taiwan in year 2015 is 14.547 %.

* Source: IMF
Aggregate Indicators for Taiwan
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Taiwan
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Taiwan
  Natural Resources, Agricultural Products, Land Use and Water Use for Taiwan
  Nationality, Ethnic Groups, Languages and Religions for Taiwan
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Taiwan
  Age Structure, Median Age, Gender and Urbanization for Taiwan
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Taiwan
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Taiwan
  HIV, AIDS and Other Major Infectious Disease Rates for Taiwan
  Literacy Rate, Educational Expenditure and School Life Expectancy for Taiwan
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Taiwan
  Industries and Industrial Growth Production Rate for Taiwan
  Labor Force by Occupation for Taiwan
  Poverty Line, Gini Index, Household Income and Consumption for Taiwan
  National Budget and Public Debt for Taiwan
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Taiwan
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Taiwan
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Taiwan
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Taiwan
  Foreign Exchange Reserves and Gold Reserves for Taiwan
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Taiwan
  Exchange Rate Statistics for Taiwan
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Taiwan
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Taiwan
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Taiwan
  Television and Radio Statistics (TV Stats, Radio Stats) for Taiwan
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Taiwan
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Taiwan
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Taiwan
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Taiwan
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Taiwan
* Source: CIA
Internet Indicators for Taiwan
Indicators
  Number of Internet Users for Taiwan
  Internet Penetration Rate for Taiwan
  Number of Facebook Accounts for Taiwan
  Facebook Penetration Rate for Taiwan
* Source: IWS
Economic Freedom Indicators for Taiwan
Indicators
  Economic Freedom World Rank for Taiwan
  Government Spending for Taiwan
  Monetary Freedom for Taiwan
  Investment Freedom for Taiwan
  Financial Freedom for Taiwan
  Property Rights for Taiwan
  Economic Freedom Regional Ranking for Taiwan
  Freedom from Corruption for Taiwan
  Labor Freedom for Taiwan
  Tariff Rate for Taiwan
  Income Tax Rate for Taiwan
  Corporate Tax Rate for Taiwan
  Tax Burden % of GDP for Taiwan
  Government Expenditure % of GDP for Taiwan
  Business Freedom for Taiwan
  Trade Freedom for Taiwan
  Fiscal Freedom for Taiwan
  2016 Score for Taiwan
* Source: HFO
Taiwan Economic Indicators in other Years
  Taiwan Economic Indicators for Year 2021 (Forecast)
  Taiwan Economic Indicators for Year 2020 (Forecast)
  Taiwan Economic Indicators for Year 2019 (Forecast)
  Taiwan Economic Indicators for Year 2018 (Forecast)
  Taiwan Economic Indicators for Year 2017 (Forecast)
  Taiwan Economic Indicators for Year 2016 (Forecast)
Taiwan Economic Indicators for Year 2015 (Current)
  Taiwan Economic Indicators for Year 2014
  Taiwan Economic Indicators for Year 2013
  Taiwan Economic Indicators for Year 2012
  Taiwan Economic Indicators for Year 2011
  Taiwan Economic Indicators for Year 2010
  Taiwan Economic Indicators for Year 2009
  Taiwan Economic Indicators for Year 2008
  Taiwan Economic Indicators for Year 2007
  Taiwan Economic Indicators for Year 2006
  Taiwan Economic Indicators for Year 2005
  Taiwan Economic Indicators for Year 2004
  Taiwan Economic Indicators for Year 2003
  Taiwan Economic Indicators for Year 2002
  Taiwan Economic Indicators for Year 2001
  Taiwan Economic Indicators for Year 2000
  Taiwan Economic Indicators for Year 1999
  Taiwan Economic Indicators for Year 1998
  Taiwan Economic Indicators for Year 1997
  Taiwan Economic Indicators for Year 1996
  Taiwan Economic Indicators for Year 1995
  Taiwan Economic Indicators for Year 1994
  Taiwan Economic Indicators for Year 1993
  Taiwan Economic Indicators for Year 1992
  Taiwan Economic Indicators for Year 1991
  Taiwan Economic Indicators for Year 1990
  Taiwan Economic Indicators for Year 1989
  Taiwan Economic Indicators for Year 1988
  Taiwan Economic Indicators for Year 1987
  Taiwan Economic Indicators for Year 1986
  Taiwan Economic Indicators for Year 1985
  Taiwan Economic Indicators for Year 1984
  Taiwan Economic Indicators for Year 1983
  Taiwan Economic Indicators for Year 1982
  Taiwan Economic Indicators for Year 1981
  Taiwan Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International