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What is the GDP for Taiwan?

What is the GDP for Taiwan?

$759.104 billion
Economy of Taiwan

GDP $759.104 billion (nominal, 2021 est.) $1.4 trillion (PPP, 2021)
GDP rank 21st (nominal, 2021) 19th (PPP, 2021)
GDP growth 3.11% (2020) 6.09% (2021 est.)
GDP per capita $32,787 (nominal, 2021 est.) $59,398 (PPP, 2021 est.)

What is the GDP of Taiwan 2021?

around 21.45 trillion New
This statistic shows the gross domestic product (GDP) at current prices of Taiwan from 2011 to 2021 with a forecast until 2022 in New Taiwan dollars. In 2021, the GDP of Taiwan amounted to around 21.45 trillion New Taiwan dollars.

What is the GDP of Taiwan 2020?

around 668.16 billion U.S. dollars
In 2020, Taiwan’s gross domestic product amounted to around 668.16 billion U.S. dollars. Gross domestic product (GDP) denotes the aggregate value of all services and goods produced within a country in any given year.

What is the approximate growth rate of real GDP from 2015 to 2016?

Real GDP increased 1.6 percent in 2016 (that is, from the 2015 annual level to the 2016 annual level), compared with an increase of 2.6 percent in 2015 (table 1).

Is Taiwan’s GDP high?

GDP in Taiwan averaged 315.02 USD Billion from 1980 until 2020, reaching an all time high of 668.50 USD Billion in 2020 and a record low of 42.30 USD Billion in 1980. Taiwan GDP – values, historical data and charts – was last updated on February of 2022.

Why is Taiwan so wealthy?

How Taiwan was able to achieve their rapid economic growth? Taiwan’s rapid economic expansion can be attributed to a high savings rate, high labour productivity, privatization, wise government planning, considerable investments from abroad, and its trade relationship with the United States.

What is S Korea’s GDP per capita?

In 2020, the GDP per capita in South Korea amounted to around 31,638.46 U.S. dollars.

What is Taiwan known for economically?

Taiwan’s main exports are electronics, basic metals and metal products, plastics and rubber, chemicals, and machinery. Its principal export trading partners include China (including Hong Kong), countries of the Association of Southeast Asian Nations (ASEAN), the United States, Japan, and South Korea.

Is Taiwan a First World country?

The colloquial usage of the term “first world country” can definitely be applied to describe Taiwan. But from the point of view of the historical “three-worlds” theory – where the terms “first world country” and “third world country” originate – Taiwan is a third-world country.

What is Taiwan’s biggest export?

Main exports products are: electronics (33.1% of total), information, communication and audio-video products (10.8%), base metals (8.8%), plastics & rubber (7.1%), machinery (7.5 percent).