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As such, agriculture became the foundation for Taiwan's economic development during early years and served as an anchor for growth in industry and commerce. Whereas in 1951, agricultural production accounted for 35.8% of Taiwan's GDP, [ 125 ] by 2013, it had been vastly surpassed, and its NT$475.90 billion accounted for only 1.69% of the GDP.
The figures are from the International Monetary Fund (IMF) World Economic Outlook Database, unless otherwise specified. [1] This list is not to be confused with the list of countries by real GDP per capita growth, which is the percentage change of GDP per person taking into account the changing population of the country.
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP).
The history of Taiwan as a colony of the Dutch Empire, Kingdom of Tungning, Qing China, and Empire of Japan between 1630 and 1945 was based heavily on economics. In the 1950s, the ROC government, retreated to Taiwan after losing the Chinese Civil War, carried out land reform policies such as the 37.5% Arable Rent Reduction Act.
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database, October 2024 edition. [ 1 ] IMF estimates between 1980 and 1989
The following are the international rankings of Taiwan. Demographics Item ... 2024 11 191 [20] GDP (real) growth rate: 2.8% 2017 129 ... 2008 9 164 [35] Trade ...
Rank Country GDP (millions of USD) 1 China 17,700,899 2 Japan 4,230,862 3 India 3,732,224 4 South Korea 1,709,232 5 Australia 1,687,713 6 Indonesia 1,417,387 7 Taiwan ...
Values are given in USDs and have not been adjusted for inflation. These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition), [1] World Bank, or various sources.