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    Taiwan Economy - 1991
    https://theodora.com/wfb1991/taiwan/taiwan_economy.html
    SOURCE: 1991 CIA WORLD FACTBOOK

      Overview: Taiwan has a dynamic capitalist economy with considerable government guidance of investment and foreign trade and partial government ownership of some large banks and industrial firms. Real growth in GNP has averaged about 9% a year during the past three decades. Export growth has been even faster and has provided the impetus for industrialization. Agriculture contributes about 4% to GNP, down from 35% in 1952. Taiwan currently ranks as number 13 among major trading countries. Traditional labor-intensive industries are steadily being replaced with more capital- and technology-intensive industries.

      GNP: $150.8 billion, per capita $7,380; real growth rate 5.2% (1990)

      Inflation rate (consumer prices): 4.4% (1990)

      Unemployment rate: 1.7% (1990)

      Budget: revenues $30.3 billion; expenditures $30.1 billion, including capital expenditures of $NA (FY91 est.)

      Exports: $67.2 billion (f.o.b., 1990); commodities--textiles 15.6%, electrical machinery 18.2%, general machinery and equipment 14.8%, basic metals and metal products 7.8%, foodstuffs 1.7%, plywood and wood products 1.6% (1989); partners--US 36.2%, Japan 13.7% (1989)

      Imports: $54.7 billion (c.i.f., 1990); commodities--machinery and equipment 15.3%, crude oil 5%, chemical and chemical products 11.1%, basic metals 13.0%, foodstuffs 2.2% (1989); partners--Japan 31%, US 23%, FRG 5% (1989)

      External debt: $1.1 billion (December 1990 est.)

      Industrial production: growth rate 4.7% (1990 est.)

      Electricity: 17,000,000 kW capacity; 68,000 million kWh produced, 3,310 kWh per capita (1990)

      Industries: electronics, textiles, chemicals, clothing, food processing, plywood, sugar milling, cement, shipbuilding, petroleum

      Agriculture: accounts for 4% of GNP and 16% of labor force (includes part-time farmers); heavily subsidized sector; major crops--vegetables, rice, fruit, tea; livestock--hogs, poultry, beef, milk, cattle; not self-sufficient in wheat, soybeans, corn; fish catch increasing, 1.4 million metric tons (1988)

      Economic aid: US, including Ex-Im (FY46-82), $4.6 billion; Western (non-US) countries, ODA and OOF bilateral commitments (1970-88), $445 million

      Currency: New Taiwan dollar (plural--dollars); 1 New Taiwan dollar (NT$) = 100 cents

      Exchange rates: New Taiwan dollars per US$1--27.2 (January 1991), 27.243 (November 1990), 26.407 (1989), 28.589 (1988), 31.845 (1987), 37.838 (1986), 39.849 (1985)

      Fiscal year: 1 July-30 June

      NOTE: The information regarding Taiwan on this page is re-published from the 1991 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Taiwan Economy 1991 information contained here. All suggestions for corrections of any errors about Taiwan Economy 1991 should be addressed to the CIA.

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    https://theodora.com/wfb1991/taiwan/taiwan_economy.html

    Revised 08-Feb-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)