Economy of the ROC, 1996
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Industry
Investment
Trade

Industry
Investment
Trade

p8-1.GIF (16219 bytes)According to the World Bank, the ROC ranks 14th largest among trading nations worldwide.

 

 

GDP: US$273.1 billion GNP: US$275.1 billion Per Capita GNP: US$12,872

Annual Growth Rate: 5.7 %

Foreign Exchange Reserves: US$88.04 billion

Unemployment Rate: 2.6 %

Natural Resources: small deposits of coal, natural gas, limestone, marble, and asbestos

Agriculture: 3.5% of GDP. Major crops are fruits, flowers, vegetables, rice, sugarcane, corn and tobacco. Major livestock products include hogs, poultry, aquicultural products, and dairy cattle.

Industry: 36.3% of GDP. Manufacturing, the lifeblood of the ROC industrial sector, comprises 90.5% of its total production value. While the chemical and electronics industries are registering rapid growth, production by labor-intensive industries, including the garment, bamboo and wood-product sectors, is continuing to decline.

Service: 60.2% of GDP. The ROC's service sector comprises of the commercial sector (16.07% of GDP); storage, transportation and telecommunications; finance, insurance and real estate (17.83% of GDP). The service industry employs 47.03% of the national work force.

Trade: US$218.3 billion

Exports: US$115.9 billion - machinery, electrical and electronic products 54.4%, textiles 13.5%
Major Export Markets: the United States 23.2%, Hong Kong 23.1%, Europe 14.6%, Japan 11.8%
Imports: US$102.4 billion - agricultural and industrial raw materials 72%, capital goods 16.3%, consumer goods 11.7%
Major Suppliers: Japan 26.9%, the United States 19.3%, Europe 19.7%

Investment:

Approved Foreign Investment in Taiwan: US$2.46 billion
Approved Overseas Investment: US$2.17 billion

 

 

 

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Last modified: May 03, 1999
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