Taiwan (Taiwan Province of China) Economic Statistics and Indicators

24, Jan 2021, EST. 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

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 %.