For comparison purposes, this article also displays the GDPs the special administrative regions (SARs) of Hong Kong and Macau, which maintain separate economic systems and currencies. FRED: Download, graph, and track economic data. Line Bar Map. China has 1,200 fighter jets, while Taiwan has a total of 288 fighter jets. arable land: 16.9% (2018 est.) Taiwan's GDP in 2019 was about 4. . Per capita GDP of 17 provinces exceeded US$10,000. The GDP of East China's Fujian province reached 4.23 trillion yuan ($592.9 billion) in 2019, surpassing that of the island of Taiwan for the first time and laying a solid foundation for the integrated development of both sides across the Taiwan Straits, according to a report by Xinhua News Agency on May 27. . The Taiwanese economy expanded 4.10 percent year-on-year in the third quarter of 2022, beating market forecasts of a 3.2 percent advance and accelerating from a 3.05 percent expansion in the previous quarter, according to preliminary figures. Like the U.S., China also had a two-year limit on presidents. This means that there are many regions within the country where the residents may not actually speak . This video will compare mainland China and Taiwan (Republic of China) using some of the most important aspects, which includes but not limited to GDP, GDP per capita, diplomatic. This domestic investment by returning firms contributed to Taiwan's GDP increasing by 2.73 percent in 2019, the most in a rough year among the Four Asian Tigers (Taiwan, Hong Kong, Singapore . The 2nd largest economy Jiangsu is equivalent to Portugal. The "Woraph" is a compound word and is formed from "World" and "Graph".I will show every stats data in the World using various graphs to understand easily an. It is actively promoting an open economy of higher standards amid the country's ongoing reform and opening-up. " Guangdong 's gross domestic product grows by more than US$30 billion a year, while Taiwan 's grows by about US$10 billion. World Bank national accounts data, and OECD National Accounts data files. As we can guess, Taiwan is a country located in East Asia, which land consists mostly of the main island of Taiwan. All information comes from data.worldbank.org, wikipedia.org, cia.gov, imf.org and government websites. Historically known as the "Province of Abundance", Sichuan has one of the largest economies in western China. China GDP ranking of 31 provinces in 2021. Over the years, its private economy has achieved leapfrog growth in scale and strength, nurturing a great number of successful enterprises. Summary Forecast Stats Download The Gross Domestic Product (GDP) in Taiwan was worth 774.70 billion US dollars in 2021, according to official data from the World Bank. Show map. Each province's GDP is listed in both the national currency renminbi (CN), and at nominal U.S. dollar values according to annual average exchange rates and according to purchasing power parity (PPP). It is also stepping up its overseas investment, as it endeavors to seek further involvement in the construction of the Belt and Road Initiative (BRI). tv stand mount 65 inch; richeson funeral home obituary; motorola cp040 frequency list . from 8 AM - 9 PM ET. At the same time, China's GDP was 387.8 billion dollars. US 7%, Taiwan 6% (2019) Debt - external: $96.58 billion (31 December 2017 est.) It is also the fastest economically developing province in China with the most advanced business and trade. You can change your cookie settings at any time. The economy contracted at a seasonally adjusted annualised rate of 2.9%. During the period 1961 to 2019, China grew by more than 10% in 22 years. Only about 25 countries recognize Taiwan as an . This has been changed to refer to domestic exports only. The article lists China's province-level divisions by gross domestic product (GDP). The province has been accelerating its industrial transformation and upgrading, developing five pillar industrieselectronic information, equipment manufacturing, food and beverages, advanced materials and energy, and chemicals and promoting the integrated development of the digital economy and the real economy. . However, it&#;s GDP is only 10 times greater. Hubei province's GDP growth increased from -39.2 percent in the first quarter of the year to -19.3 percent in the first half of the year, and -10.4 percent in the first nine months. . Does Taiwan have a higher GDP than China? This is map of Chinese provinces and SARs by GDP in US Dollars (2021), GDP figures for Hong Kong and Macau SARs are given in both US dollars and in their respective local currencies (Hong Kong dollars and Macanese patacas). . This places Taiwan in 94th place in the World Economics . China vs Taiwan. Since the reform and opening-up drive four decades ago, Zhejiang has embarked on a fast track of economic growth. $19,887,033,000,000 (2017 est.) For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. $84.34 billion (31 December . GDP of Taiwan Province of China increased from 299.28 billion US dollars in 2001 to 668.51 billion US dollars in 2020 growing at an average annual rate of 4.41%. Gross domestic product (GDP) denotes the aggregate value of all services and goods produced . And Taiwan's GDP ranked sixth in china. Since the lifting of the epidemic-induced lockdown in Wuhan on April 8, the economic recovery of its parent province has been better than expected. Penn World Table. China has also pressured global corporations, including airlines and hotel chains, to list Taiwan as a Chinese province. Local Purchasing Power in Taiwan is 9.28% higher than in China. Despite the short-term slowdown due to the COVID-19 epidemic, Hubei's economic recovery has been solid. In terms of GDP per capita by province, Beijing's per capita GDP remained the highest in China, rising from RMB 164,200 (approx.US$25,457) in 2020 to RMB 183,900 (approx.US$28,512) in 2021. Taiwan is approximately 35,980 sq km, while China is approximately 9,596,960 sq km, making China 26,573% larger than Taiwan. . other: 77.3% (2018 est.) The standard of living of people in Taiwan is also considerably higher as compared to the people of China. All rights reserved. China is a country located in Eastern Asia with an area of 9,596,961 km 2 (land boundries: 22,457 km and costline 14,500 km). But guess . It is the most populous country in the world with one of the largest economies and imports that influence everyone. 10 Oct. Elon Musk wades into China and Taiwan tensions. Since China claims Taiwan as its province, the international community does not want to contradict China on this matter. In 1995, the GDP per capita of Beijing, Tianjin and Shanghai reached more than 1,000 US dollars; by 2000, there were 10 provinces with GDP per capita exceeding 1,000 US dollars, of which Beijing, Tianjin and Shanghai exceeded 2,000 US dollars. The GDP value of Taiwan represents 0.59 percent of the world economy. Despite the recent tensions between China and Taiwan, research suggests that many Taiwanese people are relatively untroubled. Our map shows the nearest equivalent country. This to-scale map shows a size comparison of Taiwan compared to China . Meanwhile, the population of Taiwan is ~23.6 million people (1.4 billion more people live in China). Taiwan. Taiwan was returned to China from Japan at the end of the Second World War, causing several battles and thousands of deaths . Oct 07, 2022. As we can guess, Taiwan is a country located in East Asia, which land consists mostly of the main island of Taiwan. Rent Prices in Taiwan are 24.62% lower than in China. The country became part of a group called The Four Asian Tigers, consisting of Singapore, South Korea, Hong Kong and Taiwan. Breaking through the 11 trillion yuan ($1.71 trillion) threshold, Guangdong has retained its place as the province with the highest GDP in China for 32 years in a row. Not only so, but the province also has a higher DGP per capita than both Beijing and Shanghai. Copyright The Economist Newspaper Limited 2022. $1.4 trillion (PPP, 2021) GDP rank: . Gross Domestic Product. Taiwan - China Tenions : Is China plotting a two-sided war against Taiwan ? Taiwan Province of China - Gross domestic product in current prices 668.51 (billion US dollars) in 2020 In 2020, GDP for Taiwan Province of China was 668.51 billion US dollars. China's largest economy Guangdong has a GDP (nominal) of around 1,605.84 billion US $. It is very likely that Guangdong will outpace Taiwan in 2008." This year Guangdong 's GDP growth rate is estimated at 14 percent and its GDP is expected to top 2.5 trillion yuan (US$308.26 billion), Li said. The political status of Taiwan Province along with a small fraction of Fujian Province remain in dispute; those are under separate rule by the Republic of China, which is usually referred to as "Taiwan". Hong Kong's GDP per capita in current U.S. dollars is vastly higher than that of mainland China's$49,660 vs. $12,556. But over time the latter has consistently been revised up, suggesting that any overstatement is modest. It has the most gold reserves and output as well as abundant sea salt and a diverse array of coastal bird species. Life be 63.2% less likely to die during infancy In 2020, Taiwan's gross domestic product amounted to around 669.25 billion U.S. dollars. Owner of this site is not responsible for potential mistakes or lacks of data. Provinces: GDP (CN) Normal GDP (US$) Guangdong: Jiangsu: Shandong: Zhejiang: Henan: 926.97 . China is about 267 times bigger than Taiwan. These 20 provinces were Tibet, Xinjiang, Guizhou, Yunnan, Hebei, Chongqing, Gansu, Ningxia, Sichuan, Guangxi, Jiangsu, Zhejiang, Shandong, Hainan, Fujian, Anhui, Hunan, Jiangxi, Shanxi and Jilin. The stimulus worked: the funds sparked Taiwan's economy and resulted in self-sustainable and rapid economic growth. cargo planes. Figures for Hong Kong and Macau, which are special administrative regions of the People's Republic of China. In Taiwan, however, that number is 1.5% as of 2012. In October 2021 the Taiwan Public Opinion Foundation asked people . Its GDP jumped to 6.46 trillion yuan in 2020, and has ranked fourth in China for 23 consecutive years. Taiwan, China Overview By Theme By SDG Goal Topic Social Economic Environment Institutions Social Indicator Most recent value Trend Poverty headcount ratio at $2.15 a day (2017 PPP) (% of population) No data available Life expectancy at birth, total (years) No data available Population, total No data available Population growth (annual %) In 2020, the total economic output of one city and three provinces in the Yangtze River Delta was 24.47 trillion yuan, accounting for 24.1 percent of the national total, contributing nearly a quarter of the country's economic output. Guangdong exports as much as South Korea, Jiangsu as much as Taiwan. All figures are given in the national currency, renminbi (CNY), and in USD at nominal values according to recent exchange rates as well as according to purchasing power parity (PPP). Cision Distribution 888-776-0942 Groceries Prices in Taiwan are 56.54% higher than in China. GDP-2020 is a preliminary data pubilished on the 2018 CASEN: The average rate of Chinese yuan to US dollar in 2020 is according to the, the historical PPP GDP figures of Mainland China and exchange rates of Chinese yuan to Int'l. The article China's first-level administrative divisions by their gross domestic product per capita in main years. In 1990, Taiwan's GDP was 170 billion dollars. lowest point: South China Sea 0 m mean elevation: 1,150 m Natural resources small deposits of coal, natural gas, limestone, marble, asbestos, arable land Land use agricultural land: 22.7% (2018 est.) The Republic of China (ROC) - one of the victors in the war - began ruling Taiwan with the consent of its allies, the US and UK. A news report from investinchina.chinadaily.com.cn: Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Historical figures and rankings, including purchasing power parity (PPP) figures, are also given for main years since 1978. However, in 2018, the year Xi was re-elected as the Chinese president, the term limit. Its total PPP is over 1 trillion, putting its economy in 21st place when compared to other countries in the world. BEIJING, April 16, 2021 /PRNewswire/ -- A news report from investinchina.chinadaily.com.cn: The world's second-largest economy grew by 2.3 percent in 2020, and it is likely to be the only major economy to have achieved annual growth, according to the National Bureau of Statistics. Let's take a look at the top 10 provincial regions with the strongest GDPs in 2020. This is due to the value it places on its agriculture, as well as its outstanding agricultural output of vegetables, fruit, meat and aquatic products. Since the implementation of reform and opening up in mainland China in 1978, its economy has developed rapidly. Jiangsu comes in second place after south China's Guangdong, with a GDP surpassing 10 trillion yuan. . $21,229,363,000,000 (2018 est.) From 1950 to 1965, U.S. Aid accounted for roughly 6.5% of Taiwan's GDP. These figures are shown in USD based on PPP, as estimated by the International Monetary Fund. The entire land coverage of the land is approximately 36,000, making it an incredibly small nation with a relatively large population. In 2020, a total of 20 provinces outperformed the national economic growth rate of 2.3 percent. PPP figures are given in Int'l. Note that these figures use the same PPP conversion rate for the whole of China, but prices are likely to be lower in poorer provinces than in richer ones, slightly reducing regional inequality. Business. Asia. Despite the efforts of the greatest correspondence with the reality, there is no guarantee, that all the data is true. Irrigated land 3,820 sq km (2012) Population distribution Taiwan's economic growth outpaced that of China's for the first time in 30 years, helped by its early control of the virus and stellar export performance. On a PPP basis, The United States is in 8th position, and China is at 76th. The population of Taiwan is estimated to be 23.9 million which gives a GDP per capita PPP of $71,244. Each province's GDP is listed in both the national currency renminbi (CN), and at nominal U.S. dollar values according to annual average exchange rates and according to purchasing power parity (PPP). Shanghai's GDP per person is as high as Saudi Arabia's (at purchasing-power parity), though still well below that in. China Taiwan. Shandong is predominant in agriculture, and is renowned as "China's most outstanding agricultural province". The East region encompasses Beijing and all of China's east coast provinces with the exception of Liaoning, which covers a small stretch of China's coast just north of Hebei. More about Taiwan Gross domestic product (GDP, GDP PPP) Gross domestic product (GDP) All rights reserved. Private consumption (7.49 percent vs. 2.89 percent in Q2) was a key driver for growth, while government spending (2.35 percent vs. 5.85 percent) and . Shanghai's per capita GDP ranked second among all regions . The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. China is now the world's second-biggest economy, but some of its provinces by themselves would rank fairly high in the global league. South China's Guangdong Province, a major manufacturing hub in China, achieved GDP growth of 2.3 percent year-on-year against the headwinds on the export-oriented economy caused by the COVID-19 . [1], List of Chinese administrative divisions by GDP per capita. With a complete industrial system, Hunan province has 10 advantageous industrial clusters, including engineering machinery, electronic information, new materials, petrochemical engineering, and automobiles and auto parts, as well as lead and zinc cemented carbide and its deep processing. For example, Guangdong's GDP (at market exchange rates) is almost as big as Indonesia's; the output of both Jiangsu and Shandong exceeds Switzerland's. By 2020, the per capita GDP of mainland China exceeded US$10,000, of which Beijing and Shanghai exceeded US$22,000, Jiangsu was nearly US$18,000, Fujian exceeded US$15,000, Zhejiang and Tianjin exceeded US$14,000, Guangdong and Chongqing exceeded US$11,000 and Hubei, Inner Mongolia and Shandong exceeded US$10,000. Shanghai expects GDP growth of more than 6 percent this year and will keep its urban unemployment rate at no more than 5 percent. The capital of China is Beijing. TSAI has made more progress on boosting trade with South and Southeast Asia, which may help insulate Taiwan's economy from a fall in mainland demand should China's growth slow in 2018. The economy of Taiwan is a highly developed free-market economy. By GDP 5-years average growth and GDP per capita, China and Taiwan ranked 12th vs 115th and 76th vs 38th, respectively. From an aspect of civilian technology, Taiwan has more advanced microchip technology. This figure exceeds the GDP of more than 90 percent of the world's countries. Statistics; GDP: $759.104 billion (nominal, 2021 est.) China; Economy - overview: . List of Chinese administrative divisions by GDP, List of Chinese administrative divisions by GDP per capita, List of Chinese prefecture-level cities by GDP, List of Chinese prefecture-level cities by GDP per capita, List of country subdivisions by GDP over 200 billion US dollars, "Home - Regional - Quarterly by Province", "Report for Selected Countries and Subjects", "Download WEO Data: October 2020 Edition", https://en.wikipedia.org/w/index.php?title=List_of_Chinese_administrative_divisions_by_GDP&oldid=1120675252, This page was last edited on 8 November 2022, at 06:23. When typing in this field, a list of search results will appear and be automatically updated as you type. Restaurant Prices in Taiwan are 4.13% lower than in China. China's military has a total of 3,285 aircraft. 32 economic data series with tags: Taiwan, GDP, PWT. Henan's economic volume has ranked first among those of the provinces and regions in the central and western region and among the top five in China for several consecutive years. If there is an emergency, sometimes trainer aircraft are also included in the war.