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Taiwan Economy
GDP:
purchasing power parity - $528.6 billion (2003 est.)
GDP - real growth rate:
3.2% (2003 est.)
GDP - per capita:
purchasing power parity - $23,400 (2003 est.)
GDP - composition by sector:
agriculture: 1.8%
industry: 30.3%
services: 67.9% (2003)
Investment (gross fixed):
17.5% of GDP (2003)
Population below poverty line:
1% (2000 est.)
Household income or consumption by percentage share:
lowest 10%: 6.7%
highest 10%: 41.1% (2002 est.)
Inflation rate (consumer prices):
-0.3% (2003 est.)
Labor force:
10.08 million (2003)
Labor force - by occupation:
agriculture 7.5%, industry 35%, services 57% (2001 est.)
Unemployment rate:
5% (2003 est.)
Budget:
revenues: $56.58 billion
expenditures: $69.21 billion, including capital expenditures of $14.4 billion (2003 est.)
Public debt:
30.5% of GDP (2003)
Industries:
electronics, petroleum refining, chemicals, textiles, iron and steel, machinery, cement, food processing
Industrial production growth rate:
8.4% (2003)
Electricity - production:
151.1 billion kWh (2001)
Electricity - production by source:
fossil fuel: 71.4%
hydro: 6%
other: 0% (2001)
nuclear: 22.6%
Electricity - consumption:
140.5 billion kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
1,100 bbl/day (2001 est.)
Oil - consumption:
988,000 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Oil - proved reserves:
2 million bbl (1 January 2002)
Natural gas - production:
750 million cu m (2001 est.)
Natural gas - consumption:
6.64 billion cu m (2001 est.)
Natural gas - exports:
410 million cu m (2001 est.)
Natural gas - imports:
6.3 billion cu m (2001 est.)
Natural gas - proved reserves:
38.23 billion cu m (1 January 2002)
Agriculture - products:
rice, corn, vegetables, fruit, tea; pigs, poultry, beef, milk, fish
Current account balance:
$28.57 billion (2003)
Exports:
$143 billion f.o.b. (2003 est.)
Exports - commodities:
computer products and electrical equipment, metals, textiles, plastics and rubber products, chemicals (2002)
Exports - partners:
China 25.3%, US 20.5%, Japan 9.2% (2002 est.)
Imports:
$119.6 billion f.o.b. (2003 est.)
Imports - commodities:
machinery and electrical equipment 44.5%, minerals, precision instruments (2002)
Imports - partners:
Japan 24.2%, US 16.1%, China 7.1%, South Korea 6.9% (2002 est.)
Reserves of foreign exchange & gold:
$207.1 billion (2003)
Debt - external:
$53.44 billion (2003)
Currency:
new Taiwan dollar (TWD)
Currency code:
TWD
Exchange rates:
new Taiwan dollars per US dollar - 34.418 (2003), 34.575 (2002), 33.8 (2001), 33.09 (2000), 31.6 (1999)
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