Taiwan GDP Data & Country Report

Taiwan Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Taiwan; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Central Bank of the Republic of China (Taiwan)

International Reserves

N/A

Gross Domestic Product - GDP

US$ 503.941 billion (2010 estimate)

GDP (Purchasing Power Parity)

875.811 billion of International dollars (2010 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
5.8%	-1.7%	5.3%	3.7%	6.2%	4.7%	5.4%	6%
2008	2009	2010	2011*
0.7%	-1.9%	10.8%	5.4%

*Estimate

GDP per capita - current prices

US$ 21,410 (2010 estimate)

GDP per capita - PPP

$37,209 International Dollars (2010 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.56%	0.86%	1.07%	1.09%	1.11%

**Forecast

GDP - composition by sector

agriculture: 1.3%
industry: 32%
services: 66.9% (2011 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

2.77% (2008)

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
3.5%(2008)	-0.9%	1%	2%

*Estimate

Unemployment rate

2008	2009	2010	2011*
4.1%	5.9%	5.2%(2009)	4.6%

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
33.4%	35.8%	39.9%	39.7%	37.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
-1.4%	-2.4%	-5.8%	-3.8%	-2.5%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: AA-/Stable/A-1+

Moody's rating: Aa3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
N/A	N/A	N/A

Largest companies in Taiwan

Hon Hai Precision Ind (Electronics), Taiwan Semiconductor (Semiconductors), Formosa Petrochemical (Oil & Gas Operations), Cathay Financial (Life & Health Insurance), Fubon Financial (Investment Services)
(2011)

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ 58.4 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

11.6% of GDP (2010 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

N/A

(Data released on December 2010)

Shares in world total merchandising export

1.8%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

1.09%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$274.6 billion f.o.b. (2010 estimate)

Export commodities

electronics, flat panels, machinery, metals, textiles, plastics, chemicals, auto parts (2008)

Total imports

US$236 billion f.o.b. (2008 estimate)

Import commodities

electronics, machinery, petroleum, precision instruments, organic chemicals, metals (2008)

Exports - major partners

China 32.6%, US 12.9%, Hong Kong 8.6%, Japan 6.4%, Singapore 5% (2007)

Imports - major partners

Japan 22.7%, US 13.3%, China 11.2%, South Korea 6.6%, Saudi Arabia 4.8%, Singapore 4.6% (2007)

FDI inflows

2008	2009	2010
US$5,432 million	US$2,805 million(2009)	US$2,492 million(2009)

FDI outflows

2008	2009	2010
US$10,287 million	US$5,877 million	US$11,183 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
US$-993 million	US$552 million(2009)	US$-533 million(2009)	US$316 million

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 33 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 24 out of 183 countries(2009)

Registering property: 32 out of 183 countries

Paying Taxes: 87 out of 183 countries

Getting credit: 72 out of 183 countries

Protecting investors: 74 out of 183 countries

Trading across border: 17 out of 183 countries

Enforcing Contracts: 90 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 25 Score: 70.8 (Mostly Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC+8

Total area

N/A

Capital

Taipei (2009)

Currency

New Taiwan dollars (TWD) (2009)

Government type

multiparty democracy (2009)

Languages

Mandarin Chinese (official), Taiwanese (Min), Hakka dialects

Religions

mixture of Buddhist and Taoist 93%, Christian 4.5%, other 2.5%

Total population

1980	1990	2000	2010*	2015**
N/A	20.4 million	22.28 million	23.33 million	24.4 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
N/A	N/A	N/A	N/A

Population median age

N/A

Population growth rate

N/A

Life expectancy

N/A

Adult literacy

N/A

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:2 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

190.7% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

71.5% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Taipei: 52nd (2011)

CO2 emissions
(Metric tons of CO2 per capita)

N/A

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:

COUNTRY WINNERS Taipei Fubon Commercial Bank (National, 2012)

2011:

COUNTRY WINNERS Taipei Fubon Commercial Bank (National, 2011)

2010:

COUNTRY WINNERS Taipei Fubon Commercial Bank (National, 2010)

2009:

COUNTRY WINNERS Chinatrust Commercial Bank (National, 2009)

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Consumer Internet Banks Chinatrust (National, 2011)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)
REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best in Mobile Banking ChinaTrust (ASIA, 2011)

2010:

COUNTRY WINNERS / Best Consumer Internet Banks Chinatrust (National, 2010)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)

2009:

COUNTRY WINNERS / Best Consumer Internet Banks Taishin International Bank (National, 2009)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Chinatrust Commercial Bank (National, 2009)

WORLD'S SAFEST BANKS

2012:

REGIONAL WINNERS Bank of Taiwan (Asia, 2012)
OVERALL SAFEST Bank of Taiwan (Global, 2012)

2011:

REGIONAL WINNERS Bank of Taiwan (Asia, 2011)
REGIONAL WINNERS Land Bank of Taiwan (Asia, 2011)
OVERALL SAFEST Bank of Taiwan (Global, 2011)
OVERALL SAFEST Land Bank of Taiwan (Global, 2011)
OVERALL SAFEST Mega International Commercial Bank (Global, 2011)
OVERALL SAFEST Chinatrust Commercial Bank (Global, 2011)
OVERALL SAFEST Cathay United Bank (Global, 2011)

WORLD'S BEST EMERGING MARKET BANKS

2012:

COUNTRY WINNERS Chinatrust Commercial Bank (National, 2012)

2011:

COUNTRY WINNERS Chinatrust Commercial Bank (National, 2011)

2010:

COUNTRY WINNERS Chinatrust Commercial Bank (National, 2010)

2009:

COUNTRY WINNERS Chinatrust Commercial Bank (National, 2009)

WORLD'S BEST SUB CUSTODIANS

2011:

COUNTRY WINNERS Standard Chartered Bank (National, 2011)

2010:

COUNTRY WINNERS Standard Chartered Bank (National, 2010)

2009:

COUNTRY WINNERS HSBC (2009)

WORLD'S BEST INVESTMENT BANKS

2012:

COUNTRY WINNERS Fubon Financial (National, 2012)

2011:

COUNTRY WINNERS Fubon Financial Holding (National, 2011)

2010:

COUNTRY WINNERS Fubon Financial Holding (National, 2010)

2009:

COUNTRY WINNERS Chinatrust (National, 2009)

CENTRAL BANKER REPORT CARD

2011:

Grade: A (Fai-Nan Perng, 2011)

2010:

Grade: A (Fai-Nan Perng, 2010)

2009:

Grade: A (Fai-Nan Perng, 2009)

WORLD'S BIGGEST BANKS

2011:

OVERALL BIGGEST Bank of Taiwan (Global, 2011)
OVERALL BIGGEST Taiwan Cooperative Bank (Global, 2011)
OVERALL BIGGEST Taishin Financial Holding (Global, 2011)
OVERALL BIGGEST Mega International Commercial Bank (Global, 2011)
OVERALL BIGGEST Land Bank of Taiwan (Global, 2011)

TOP 200 EMERGING MARKETS BANKS

2010:

OVERALL BIGGEST Bank of Taiwan (Global, 2010)
OVERALL BIGGEST Taiwan Cooperative Bank (Global, 2010)
OVERALL BIGGEST Mega International Commercial Bank (Global, 2010)
OVERALL BIGGEST Land Bank of Taiwan (Global, 2010)
OVERALL BIGGEST First Commercial Bank (Global, 2010)
OVERALL BIGGEST Hua Nan Commercial Bank (Global, 2010)
OVERALL BIGGEST Chinatrust Commercial Bank (Global, 2010)
OVERALL BIGGEST Cathay United Bank (Global, 2010)
OVERALL BIGGEST Chang Hwa Commercial Bank (Global, 2010)
OVERALL BIGGEST Taipei Fubon Commercial Bank (Global, 2010)
OVERALL BIGGEST Taiwan Business Bank (Global, 2010)
OVERALL BIGGEST Bank SinoPac (Global, 2010)
OVERALL BIGGEST E.Sun Commercial Bank (Global, 2010)
OVERALL BIGGEST Taishin International Bank (Global, 2010)
OVERALL BIGGEST The Shanghai Commercial & Savings Bank (Global, 2010)
OVERALL BIGGEST Standard Chartered Bank Taiwan (Global, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

COUNTRY WINNERS Chinatrust Commercial Bank (National, 2012)

2011:

COUNTRY WINNERS Chinatrust Commercial Bank (National, 2011)

2010:

COUNTRY WINNERS Chinatrust Commercial Bank (National, 2010)

2009:

COUNTRY WINNERS Chinatrust Commercial Bank (National, 2009)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Taiwan GDP Data & Country Report | Global Finance

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:

2011:

2010:

2009:

WORLD'S BEST INTERNET BANKS

2011:

2010:

2009:

WORLD'S SAFEST BANKS

2012:

2011:

WORLD'S BEST EMERGING MARKET BANKS

2012:

2011:

2010:

2009:

WORLD'S BEST SUB CUSTODIANS

2011:

2010:

2009:

WORLD'S BEST INVESTMENT BANKS

2012:

2011:

2010:

2009:

CENTRAL BANKER REPORT CARD

2011:

2010:

2009:

WORLD'S BIGGEST BANKS

2011:

TOP 200 EMERGING MARKETS BANKS

2010:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

2011:

2010:

2009: