🔵 Watch the video so you know what are TOP - 25 RICHEST WORLD 🔴 TAIWAN MARKET - TAIWAN GDP PER CAPITA - TAIWAN ECONOMY - Position N...
🔵 Watch the video so you know what are TOP - 25 RICHEST WORLD 🔴 TAIWAN MARKET - TAIWAN GDP PER CAPITA - TAIWAN ECONOMY - Position Number 21
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In the position number 21 of our ranking is the country Taiwán
Taiwán is one of RICHEST WORLD, in this video we will describe the Taiwán ECONOMY, TAIWAN MONEY - TAIWAN MARKET - TAIWAN GDP PER CAPITA and its wealth.
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Position number 21. Taiwan.
TAIWAN GDP PER CAPITA: $ 586 billion. Equivalent to $ 24828.00 per inhabitant.
Taiwan is the most technologically advanced computer microchip manufacturer in the world.
Taiwan's industries have been affected by the economic war between China and the United States, which concerns electronic products (40% of Taiwan's exports), machinery and chemicals.
Other economic challenges are massive relocations that weaken industrial employment, a non-competitive service sector, insufficient infrastructure and diplomatic isolation.
The diplomatic isolation of Taiwan, the low birth rate, the rapid aging of the population and the growing competition from China and other markets in Asia Pacific are other important long-term challenges.
However, growth will be aided by spending on health and energy infrastructure.
Services represent around 63% of GDP and employ just under 60% of the active population.
Tourism attracted 11 million visitors in 2018.
As of 2018, telecommunications, financial services and public services are the three highest paid sectors of individuals in Taiwan.
Taiwan's economy ranks first in Asia in the Global Entrepreneurship Index (GHG) 2015 for its specific strengths.
Most large state banks and industrial companies have been privatized, and now family businesses are the simplified economic factors in Taiwan.
With economic planning focused on technocracy under martial law until 1987, real GDP growth has averaged around 8% over the past three decades.
Exports have grown even faster and, since World War II, they have provided the main impetus for industrialization.
Inflation and unemployment are low; the trade surplus is substantial; and foreign reserves are the fourth largest in the world.
Agriculture contributes 3% to GDP, below 35% in 1952, and the service sector accounts for 73% of the economy.
TAIWAN MARKET. Exports and Imports in TAIWAN.
Exports: $ 349.8 billion (2017 estimate)
Goods exported from Taiwan.
Taiwan exports semiconductors, petrochemicals, auto parts; cars; boats; wireless communication equipment; flat screens, steel, electronics, plastics, computers.
Imports: $ 269 billion (2017 estimate).
Goods imported into Taiwan.
Taiwan imports oil, semiconductors, natural gas, coal, steel, computers, wireless communication equipment, automobiles, fine chemicals, textiles.
In the following video of our ranking the country is located Switzerland.
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In the following video, the 20th place in our ranking of the 25 richest countries in the world. Switzerland.
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