quote:
Originally posted by chung:
ABC guy
According to The Economist and the GIO, Taiwan’s per capita GDP is more like US14,000. Moreover, Sweden, Denmark and Finland have per capita GDP between 23,000 - 30,000 - almost double that of Taiwan.
Surely a well travelled guy like you knows better than to quote the CIA!
Sorry, the CIA is still more reliable than your claptrap. Quote exact article date and issue # of where you saw those per capita GDP figures. Also the figures for scandanavia I quoted were directly from the CIA world factbook as well. No fudging on the GDP stats…and their GDP per capita wasn’t “double” as you claim. 17,400 x 2 = 34800 which would be nearly the U.S. GDP per capita. Scandanavia sure as hell isn’t pushing 34,800 per capita unless you were high on crack while reading your “articles.” It’s curious how white westerners always try to downplay asia’s advancement…very curious indeed.
Also, the smaller scandanavian countries benefit from having a flexible port and interscandanavian trade. They also each contain populations roughly 1/2 to 1/3 of Taiwans 22 million people.
Here’s a side by side comparison with Taiwan against Finland/Sweden. Read it and weep…
Economy - overview: Taiwan has a dynamic capitalist economy with gradually decreasing guidance of investment and foreign trade by government authorities. In keeping with this trend, some large government-owned banks and industrial firms are being privatized. Real growth in GDP has averaged about 8% during the past three decades. Exports have grown even faster and have provided the primary impetus for industrialization. Inflation and unemployment are low; the trade surplus is substantial; and foreign reserves are the world’s fourth largest. Agriculture contributes 3% to GDP, down from 35% in 1952. Traditional labor-intensive industries are steadily being moved offshore and replaced with more capital- and technology-intensive industries. Taiwan has become a major investor in China, Thailand, Indonesia, the Philippines, Malaysia, and Vietnam. The tightening of labor markets has led to an influx of foreign workers, both legal and illegal. Because of its conservative financial approach and its entrepreneurial strengths, Taiwan suffered little compared with many of its neighbors from the Asian financial crisis in 1998-99. Growth in 2001 will depend largely on conditions in Taiwan’s export markets and may be about 5%.
GDP: purchasing power parity - $386 billion (2000 est.)
GDP - real growth rate: 6.3% (2000 est.)
GDP - per capita: purchasing power parity - $17,400 (2000 est.)
GDP - composition by sector: agriculture: 3%
industry: 33%
services: 64% (1999 est.)
Population below poverty line: 1% (1999 est.)
Household income or consumption by percentage share: lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 1.3% (2000 est.)
Labor force: 9.8 million (2000 est.)
Labor force - by occupation: services 55%, industry 37%, agriculture 8% (1999 est.)
Unemployment rate: 3% (2000 est.)
Budget: revenues: $42.74 billion
expenditures: $48.8 billion, including capital expenditures of $NA (2001 est.)
Industries: electronics, petroleum refining, chemicals, textiles, iron and steel, machinery, cement, food processing
Industrial production growth rate: 8% (2000 est.)
Electricity - production: 139.676 billion kWh (1999)
Electricity - production by source: fossil fuel: 67.26%
hydro: 6.32%
nuclear: 26.42%
other: 0% (1999)
Electricity - consumption: 129.899 billion kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
Agriculture - products: rice, corn, vegetables, fruit, tea; pigs, poultry, beef, milk; fish
Exports: $148.38 billion (f.o.b., 2000)
Exports - commodities: machinery and electrical equipment 51%, metals, textiles, plastics, chemicals
Exports - partners: US 23.5%, Hong Kong 21.1%, Europe 16%, ASEAN 12.2%, Japan 11.2% (2000)
Imports: $140.01 billion (c.i.f., 2000)
Imports - commodities: machinery and electrical equipment 51%, minerals, precision instruments
Imports - partners: Japan 27.5%, US 17.9%, Europe 13.6% (2000)
Debt - external: $40 billion (2000)
Currency: new Taiwan dollar (TWD)
Currency code: TWD
Exchange rates: new Taiwan dollars per US dollar - 33.082 (yearend 2000), 31.395 (yearend 1999), 32.216 (1998), 32.052 (1997), 27.5 (1996)
Fiscal year: 1 July - 30 June (up to FY98/99); 1 July 1999 - 31 December 2000 for FY00; calendar year (after FY00)
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FINLAND
Economy - overview: Finland has a highly industrialized, largely free-market economy, with per capita output roughly that of the UK, France, Germany, and Italy. Its key economic sector is manufacturing - principally the wood, metals, engineering, telecommunications, and electronics industries. Trade is important, with exports equaling more than one-third of GDP. Except for timber and several minerals, Finland depends on imports of raw materials, energy, and some components for manufactured goods. Because of the climate, agricultural development is limited to maintaining self-sufficiency in basic products. Forestry, an important export earner, provides a secondary occupation for the rural population. Rapidly increasing integration with Western Europe - Finland was one of the 11 countries joining the euro monetary system (EMU) on 1 January 1999 - will dominate the economic picture over the next several years. Growth in 2001 will be bolstered by strong private consumption, yet may be 1 or 2 points lower than in 2000, largely because of a weakening in export demand.
GDP: purchasing power parity - $118.3 billion (2000 est.)
GDP - real growth rate: 5.6% (2000 est.)
GDP - per capita: purchasing power parity - $22,900 (2000 est.)
GDP - composition by sector: agriculture: 3.5%
industry: 29%
services: 67.5% (1999)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: 4.2%
highest 10%: 21.6% (1991)
Inflation rate (consumer prices): 3.4% (2000 est.)
Labor force: 2.6 million (2000 est.)
Labor force - by occupation: public services 32%, industry 22%, commerce 14%, finance, insurance, and business services 10%, agriculture and forestry 8%, transport and communications 8%, construction 6%
Unemployment rate: 9.8% (2000 est.)
Budget: revenues: $36.1 billion
expenditures: $31 billion, including capital expenditures of $NA (2000 est.)
Industries: metal products, shipbuilding, pulp and paper, copper refining, foodstuffs, chemicals, textiles, clothing
Industrial production growth rate: 7.5% (2000)
Electricity - production: 75.792 billion kWh (1999)
Electricity - production by source: fossil fuel: 41.88%
hydro: 16.77%
nuclear: 28.82%
other: 12.53% (1999)
Electricity - consumption: 81.611 billion kWh (1999)
Electricity - exports: 232 million kWh (1999)
Electricity - imports: 11.356 billion kWh (1999)
Agriculture - products: cereals, sugar beets, potatoes; dairy cattle; fish
Exports: $44.4 billion (f.o.b., 2000)
Exports - commodities: machinery and equipment, chemicals, metals; timber, paper, pulp
Exports - partners: EU 58% (Germany 13%, Sweden 10%, UK 9%, France 5%, Netherlands 4%), US 8%, Russia, Japan (1999)
Imports: $32.7 billion (f.o.b., 2000)
Imports - commodities: foodstuffs, petroleum and petroleum products, chemicals, transport equipment, iron and steel, machinery, textile yarn and fabrics, grains
Imports - partners: EU 60% (Germany 15%, Sweden 11%, UK 7%), US 8%, Russia 7%, Japan 6% (1999)
Debt - external: $30 billion (December 1993)
Economic aid - donor: ODA, $379 million (1997)
Currency: markka (FIM); euro (EUR)
note: on 1 January 1999, the EU introduced the euro as a common currency that is now being used by financial institutions in Finland at a fixed rate of 5.94573 markkaa per euro and will replace the local currency for all transactions in 2002
Currency code: FIM; EUR
Exchange rates: euros per US dollar - 1.0659 (January 2001), 1.0854 (2000), 0.9386 (1999); markkaa per US dollar - 5.3441 (1998), 5.1914 (1997), 4.5936 (1996)
Fiscal year: calendar year
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SWEDEN
Economy - overview: Aided by peace and neutrality for the whole twentieth century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a skilled labor force. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for about 90% of industrial output, of which the engineering sector accounts for 50% of output and exports. Agriculture accounts for only 2% of GDP and 2% of the jobs. In recent years, however, this extraordinarily favorable picture has been somewhat clouded by budgetary difficulties, high unemployment, and a gradual loss of competitiveness in international markets. Sweden has harmonized its economic policies with those of the EU, which it joined at the start of 1995. GDP growth is forecast for 4% in 2001.
GDP: purchasing power parity - $197 billion (2000 est.)
GDP - real growth rate: 4.3% (2000 est.)
GDP - per capita: purchasing power parity - $22,200 (2000 est.)
GDP - composition by sector: agriculture: 2.2%
industry: 27.9%
services: 69.9% (1999)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: 3.7%
highest 10%: 20.1% (1992)
Inflation rate (consumer prices): 1.2% (2000 est.)
Labor force: 4.4 million (2000 est.)
Labor force - by occupation: agriculture 2%, industry 24%, services 74% (2000 est.)
Unemployment rate: 6% (2000 est.)
Budget: revenues: $133 billion
expenditures: $125.2 billion, including capital expenditures of $NA (2000 est.)
Industries: iron and steel, precision equipment (bearings, radio and telephone parts, armaments), wood pulp and paper products, processed foods, motor vehicles
Industrial production growth rate: 7% (2000 est.)
Electricity - production: 146.633 billion kWh (1999)
Electricity - production by source: fossil fuel: 5.53%
hydro: 47.24%
nuclear: 45.42%
other: 1.81% (1999)
Electricity - consumption: 128.819 billion kWh (1999)
Electricity - exports: 15.9 billion kWh (1999)
Electricity - imports: 8.35 billion kWh (1999)
Agriculture - products: grains, sugar beets, potatoes; meat, milk
Exports: $95.5 billion (f.o.b., 2000)
Exports - commodities: machinery 35%, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals
Exports - partners: EU 55% (Germany 11%, UK 10%, Denmark 6%, Finland 5%, France 5%), US 9%, Norway 8% (1999)
Imports: $80 billion (f.o.b., 2000)
Imports - commodities: machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs, clothing
Imports - partners: EU 67% (Germany 18%, UK 10%, Denmark 7%, France 6%), Norway 8%, US 6% (1999)
Debt - external: $66.5 billion (1994)
Economic aid - donor: ODA, $1.7 billion (1997)
Currency: Swedish krona (SEK)
Currency code: SEK
Exchange rates: Swedish kronor per US dollar - 9.4669 (January 2001), 9.1622 (2000), 8.2624 (1999), 7.9499 (1998), 7.6349 (1997), 6.7060 (1996)
Fiscal year: calendar year
Sweden Communications Top of Page
Telephones - main lines in use: 6.017 million (December 1998)
Telephones - mobile cellular: 3.835 million (October 1998)
Telephone system: general assessment: excellent domestic and international facilities; automatic system
domestic: coaxial and multiconductor cables carry most of the voice traffic; parallel microwave radio relay systems carry some additional telephone channels
international: 5 submarine coaxial cables; satellite earth stations - 1 Intelsat (Atlantic Ocean), 1 Eutelsat, and 1 Inmarsat (Atlantic and Indian Ocean regions); note - Sweden shares the Inmarsat earth station with the other Nordic countries (Denmark, Finland, Iceland, and Norway)
Radio broadcast stations: AM 1, FM 265, shortwave 1 (1998)
Radios: 8.25 million (1997)
Television broadcast stations: 169 (plus 1,299 repeaters) (1995)
Televisions: 4.6 million (1997)
Internet country code: .se
Internet Service Providers (ISPs): 29 (2000)
Internet users: 4.5 million (2000)
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