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The economy of Taiwan is a highly developed free-market economy. It is the 8th largest in Asia and 21st -largest in the world by purchasing power parity , allowing Taiwan to be included in the advanced economies group by the International Monetary Fund . [ 20 ]
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. List of countries by GNI per capita growth measures changes in gross national income per capita.
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 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 ...
China in March announced a 7.2% rise in defence spending for this year to 1.67 trillion yuan ($234.10 billion) outpacing the economic growth target of around 5% for 2024, though accounting for ...
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
Gross domestic product (GDP) is expected to rise 5.88% this year, the fastest pace since it expanded 10.25% in 2010, the Directorate General of Budget, Accounting and Statistics said, and up from ...
"Taiwan matters far more to the world economy than its 1% share of global GDP would indicate," Gareth Leather, Senior Economist in the Emerging Asia team at Capital Economics, wrote in a note.