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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.
The expulsion of the Republic of China (Taiwan) from the United Nations in 1971, the 1973 oil crisis, and the switching of American diplomatic relations heavily affected the economy of Taiwan. But executive premier Chiang Ching-kuo 's Ten Major Construction Projects served as the basis for heavy industrial development in 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.
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 ...
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 ...
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).
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