Taiwan took a slightly more optimistic view of its economy's trajectory over the coming months, raising its growth forecast for 2017, and revising up some of its quarterly growth figures as strength in overseas demand for tech components and improved domestic consumption drive the island's economic recovery.
A Brief History of The Countries Economy /// Altogether, almost half of Taiwan's agricultural production was being exported in the 1930s. After 1935, the government began encouraging investment in non agricultural industry on the island. Growth in Taiwan's percapita economic product during this colonial period roughly kept up with that of Japan.
The Countries GDP /// 474 billion USD as of 2012
The Country's Income Per Capita /// 39,600 USD
The Country's Main Source Of Income /// Taiwan's main source of income is trading and exports including products such as machinery, plastics, medicine, medicinal technology, fuels and oils, top of the line airsoft products, chemicals, and all sorts of metals.
Taiwan's Debt /// A debt equivalent to 31.70% of the countries gpd
Taiwan's Trade Partners ///China, Hong Kong, United States, Japan, Singapore, South Korea, Vietnam and the Philippines
The Prospects for Taiwans Economy /// Recent data reinforce the picture of a continuation of robust economic growth in the first quarter. The expansion in industrial production decelerated in March but reflected a substantial increase in manufacturing production. On 23 March, Taiwan’s cabinet released its eight-year Forward-looking Infrastructure Construction Project worth TWD 882.5 billion, which is equivalent to 5.2% of GDP.
COPY AND PASTE THESE. The state of Taiwans economy and what they are doing to try and boost its economy /// https://www.bloomberg.com/politics/articles/2017-05-07/taiwan-s-premier-lin-says-immigration-is-needed-to-boost-economy //////////////// https://www.bloomberg.com/news/videos/2016-05-20/assessing-the-health-of-taiwan-s-economy