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Taiwan

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Country summary

Capital

Taipei

Borders

(N/A)

Government type

multiparty democracy

Population

22,974,347 (July 2010 est.)[1]

Population growth

0.227% (2010 est.)[1]

Life expectancy

77.96 years[1]

Unemployment

5.9% (2009 est.)[1]

Index of Economic Freedom

27[2]

Corruption Perceptions Index

37[3]

Doing Business ranking

46[4]


In 1895, military defeat forced China to cede Taiwan to Japan. Taiwan reverted to Chinese control after World War II. Following the Communist victory on the mainland in 1949, 2 million Nationalists fled to Taiwan and established a government using the 1947 constitution drawn up for all of China. Over the next five decades, the ruling authorities gradually democratized and incorporated the local population within the governing structure. In 2000, Taiwan underwent its first peaceful transfer of power from the Nationalist to the Democratic Progressive Party. Throughout this period, the island prospered and became one of East Asia's economic "Tigers." The dominant political issues continue to be the relationship between Taiwan and China - specifically the question of Taiwan's eventual status - as well as domestic political and economic reform.[1]

Economical characteristicsEdit

  • Currency: (ISO code: )
  • Central bank discount rate: 1.25% (February 2009)[1]
  • Commercial banks lending rate: 2.56% (31 December 2009)[1]
  • Stock of money (M1): [1]
  • Quasi money (with M1 makes M2): $618 billion (November 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (USD)[5]
Govt. debt (% of GDP)[6]
Govt. revenue (% of GDP)[7]
Govt. expenses (% of GDP)[8]
Debt to revenue (years)

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Taiwan", from The World Facebook. Referenced 2010-09-30.
  2. Heritage Foundation. "Taiwan", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  3. Transparency International. "Taiwan", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-30.
  4. Doing Business. "Taiwan", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  5. World Bank. "Taiwan: GDP", from World Bank Data. Referenced 2010-09-30.
  6. World Bank. "Taiwan: government debt", from World Bank Data. Referenced 2010-09-30.
  7. World Bank. "Taiwan: government revenue", from World Bank Data. Referenced 2010-09-30.
  8. World Bank. "Taiwan: government expenses", from World Bank Data. Referenced 2010-09-30.

External linksEdit

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