Taiwan Business Guide - Management and Business Studies Portal
Taiwan Business Guide - Management and Business Studies Portal
Taiwan Business Guide - Management and Business Studies Portal
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<strong>Taiwan</strong>ese Culture<br />
Current Economic Situation<br />
2010 was a record-breaking year for<br />
<strong>Taiwan</strong>’s economy. It grew by 10.8 per cent<br />
year-on-year, the strongest annual growth<br />
since 1987. Booming domestic dem<strong>and</strong><br />
has helped UK exports to <strong>Taiwan</strong> reach<br />
a record high – over £1 billion in 2010.<br />
The momentum of growth is expected to<br />
continue in 2011, with GDP forecast to rise<br />
by 4.9 per cent year-on-year. Consumer<br />
Price Index (CPI) forecasts remain at a<br />
modest 2 per cent year-on-year level,<br />
although soaring global oil prices could<br />
fuel inflationary pressures.<br />
taiwan Economic Facts 2010 (unless otherwise indicated)<br />
UK (as a<br />
<strong>Taiwan</strong><br />
comparison)<br />
*Population 23.03 million 61.8 million<br />
*GDP per capita (purchasing power parity – ppp) US$19,155 US$34,076 (2009)<br />
*Nominal GDP US$427 billion US$2.18 trillion<br />
*GDP growth (real) 10.8% (2010) -4.9% (2009)<br />
**World Bank ease of doing business ranking 33 4<br />
***Global Competitiveness Report ranking 13 (2010/11) 12 (2010/11)<br />
Source: *Economist Intelligence Unit/**World Bank/***World Economic Forum<br />
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