YuJing Liang

Economics 001

Tue & Thu 9:00am-10:35am

Economic Map Project Data

China

Economic data for country:

• GDP: 10.3% (2010 est.)

Country comparison to the world: 7
9.1% (2009 est.)
9% (2008 est.)

• GDP per capita: $7,400(2010 est)

Country comparison to the world: 125
$6,800 (2009 est.)
$6,200 (2008 est.)

• Growth Rate: 0.493% (2011 est.)

 Country comparison to the world: 152

• Unemployment Rate: 4.3% (September 2009 est.)

Country comparison to the world: 41
4.2% (December 2008 est.)

• Population below poverty line: 2.8%

• Exports: $1.506 trillion (2010 est.)

Country comparison to the world: 2
$1.204 trillion (2009 est.)

• Imports: $1.307 trillion (2010 est.)

Country comparison to the world: 3
$954.3 billion (2009 est.)

• National Debt: $406.6 billion (31 December 2010 est.)

Country comparison to the world: 23
$349.3 billion (31 December 2009 est.)

China is the world's fastest-growing major economy, with average

growth rates of 10% for the past 30 years. China is also the largest
exporter and second largest importer of goods in the world. China became
the world's top manufacturer in 2011. China reported a government
budget deficit equivalent to 2.17 percent of the Gross Domestic Product
(GDP) in 2009. China reported a trade surplus equivalent to 11.4 Billion
USD in April of 2011. Export growth has continued to be a major
component supporting China's rapid economic growth. Exports of goods
and services constitute 39.7% of GDP. China major exports are: office
machines & data processing equipment, telecommunications equipment,
electrical machinery and apparel & clothing. China imports mainly
commodities: iron and steel, oil and mineral fuels; machinery and
equipment, plastics, optical and medical equipment and organic
chemicals. Its main trading partners are: European Union, The United
States, Japan, Hong Kong and South Korea.
 Taiwan

Economic data for country:

• GDP: $823.6 billion (2010 est.)
country comparison to the world: 20
$745.4 billion (2009 est.)
$759.8 billion (2008 est.)

• GDP per capita: $35,800 (2010 est.)

country comparison to the world: 33
$32,400 (2009 est.)
$33,100 (2008 est.)

• Growth Rate: 0.193% (2011 est.)

country comparison to the world: 182

• Unemployment Rate: 5.2% (2010 est.)

country comparison to the world: 50
5.9% (2009 est.)
• Population below poverty line: 1.16% (2010 est.)

• Exports: $274.6 billion (2010 est.)

country comparison to the world: 17
$203.4 billion (2009 est.)

• Imports: $251.4 billion (2010 est.)

country comparison to the world: 18
$174.4 billion (2009 est.)

• National Debt: $91.41 billion (31 December 2010 est.)

country comparison to the world: 38
$82.02 billion (31 December 2009 est.)

Taiwan has a developed capitalist economy that ranks as the 19th largest
in the world in PPP and 23rd in nominal terms with gradually decreasing
guidance of investment and foreign trade by the Republic of China (ROC)
government which governs Taiwan. Its economic development model is
focused on exports. Without the export surplus, Taiwan’s economy would be
in big trouble. Because the nation has maintained a trade surplus in recent
years, it has also maintained a competitive edge. The export growth speeding
than estimated in 2011.Taiwan’s export value rose to U.S. $ 27.32 billion in
the same month. While the level of exports rose 25.7% with a trade surplus
reached U.S. $ 2.96 billion. Also, Taiwan is a member of the Asian
Development Bank (ADB), the World Trade Organization (WTO), and the
Asia-Pacific Economic Cooperation (APEC) forum. Taiwan is also an
observer at the Organization for Economic Co-operation and Development
(OECD). Taiwan's top five trade partners in 2010 are China, Japan, USA,
the European Union, and Hong Kong.