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.

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