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. Some provinces may exaggerate their output: the sum of their reported GDPs is 10% higher than the national total. But in the next few years a civil war broke out in China, and the . Owner of this site is not responsible for potential mistakes or lacks of data. Per $ GDP figures expressed per 1 $ gross domestic product. 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). 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.. Net exports fell over the year due to the higher import prices from commodities, offsetting the strengths in gross capital formation and government spending. Download the complete Asia-Pacific Weekly Highlights and Preview Taiwan's trade balance improved in September with a $5 billion trade surplus, up from $3 billion in August. Taiwan's GDP increased by 3.11 per cent in 2020 compared to the global average of negative 4.5 per cent. This to-scale map shows a size comparison of Taiwan compared to China . other: 77.3% (2018 est.) The population of Taiwan is estimated to be 23.9 million which gives a GDP per capita PPP of $71,244. 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. Jiangsu plays a key role in the nation's economic and social development. 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. China has 1,200 fighter jets, while Taiwan has a total of 288 fighter jets. $1.4 trillion (PPP, 2021) GDP rank: . Historical figures and rankings, including purchasing power parity (PPP) figures, are also given for main years since 1978. The 2nd largest economy Jiangsu is equivalent to Portugal. 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 . 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 . Although hampered by COVID-19 and a global economic recession, Shanghai overcame these difficulties and took concrete measures to push its economy back on track from a 6.7 percent fall in the first quarter. Standard Chinese, which is a form of Mandarin Chinese, is the official language of China, and although there are differences between it and the Chinese spoken in Taiwan, both are quite similar. Statistics; GDP: $759.104 billion (nominal, 2021 est.) Taiwan's headline economic growth in the second quarter was 3.1% y/y, coming in below our expectations of 4.8% year-on-year growth. 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. 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. It is close to that of South Korea and equal to the sum of the GDPs of Switzerland, Singapore, Argentina and Ukraine. Label. China provinces ranked by GDP: 2021. It is actively promoting an open economy of higher standards amid the country's ongoing reform and opening-up. The capital of China is Beijing. In addition, China has intimidated countries that have ties with Taiwan: in . We use cookies to personalise content and ads. 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. Gross Domestic Product. Despite the recent tensions between China and Taiwan, research suggests that many Taiwanese people are relatively untroubled. 10 Oct. Elon Musk wades into China and Taiwan tensions. 10 Oct. But guess . Shanghai expects GDP growth of more than 6 percent this year and will keep its urban unemployment rate at no more than 5 percent. All rights reserved. This places Taiwan in 94th place in the World Economics . Also see our other "country equivalents" interactive maps:US states as countriesIndian states and territories as countriesBrazilian states as countries, Indian states and territories as countries. Jun 9, 2022. Currency: Sticky Currency Switch to metric measurement units. (Purchasing Power Parity/Exchange Rate) for Taiwan Province of China (DISCONTINUED) Price Level of USA Output-side GDP in 2005=1, Annual, Not Seasonally Adjusted 1951 to 2011 (2013-08-12) $84.34 billion (31 December . At the same time, China's GDP was 387.8 billion dollars. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. What about other economic yardsticks? permanent crops: 5.8% (2018 est.) dollar are based on the World Economic Outlook Database, April 2021, All gdp data for Hong Kong, Taiwan Area and Macao is based on IMF WEO October 2020 (, List of Chinese administrative divisions by GDP, List of Chinese prefecture-level cities by GDP per capita, List of prefecture-level cities by GDP per capita, List of country subdivisions by GDP over 200 billion US dollars, list of Chinese administrative divisions by GDP, list of Chinese administrative divisions by population, NBS GDP DATA Revisions of China GDP 2004-2008 by province-level divisions, NBS GDP DATA Revisions of China GDP 1978-2003 by province-level divisions, NBS GDP DATA Revisions of China GDP 1952-1977 by province-level divisions, "Home - Regional - Quarterly by Province", "Statistical Communiqu of the People's Republic of China on the 2020 National Economic and Social Development", "International Monetary Fund, April 2021", "Download WEO Data: October 2019 Edition", China National Bureau of Statistics (China NBS), Hong Kong Census and Statistics Department, ROC Directorate-General of Budget, Accounting and Statistics, https://en.wikipedia.org/w/index.php?title=List_of_Chinese_administrative_divisions_by_GDP_per_capita&oldid=1120335177, Ranked lists of Chinese administrative divisions, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, Historical GDP per capita of Hong Kong SAR, This page was last edited on 6 November 2022, at 13:12. As of 2020, Taiwan remains to be the highest GDP per capita in all provinces of China. The average CNY exchange rate used here is from the National Bureau of Statistics of China, and CNY PPP exchange rates are estimated according to the International Monetary Fund (IMF). 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. By : ABP News Bureau | Updated : 19 Aug 2022 12:37 PM (IST). China Taiwan. 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". * In terms of population, South Korea has 50M compared to Taiwan's 23M. 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). 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. From an aspect of civilian technology, Taiwan has more advanced microchip technology. As an economic heavyweight with many advantages, it is a good destination for foreign investors. Business. China is now the world's second-biggest economy, but some of its provinces by themselves would rank fairly high in the global league. China; Economy - overview: . On a PPP basis, The United States is in 8th position, and China is at 76th. Copyright 2021 CompareEconomy.com . The economy of Guangdong is equivalent to Australia. Cision Distribution 888-776-0942 This figure exceeds the GDP of more than 90 percent of the world's countries. Guangdong exports as much as South Korea, Jiangsu as much as Taiwan. 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. Its total PPP is over 1 trillion, putting its economy in 21st place when compared to other countries in the world. Taiwan is officially known as the Republic of China and it is the neighbor of the People's Republic of China, Japan, and the Philippines. Taiwan's economy is growing rapidly. GDP (purchasing power parity) $22,526,502,000,000 (2019 est.) Economy of Taiwan. Gross domestic product (GDP) denotes the aggregate value of all services and goods produced . Restaurants. Since the reform and opening-up drive four decades ago, Zhejiang has embarked on a fast track of economic growth. 25 However, as of 2021, China's GDP per capita growth rate was 8%, while . Penn World Table. As we can guess, Taiwan is a country located in East Asia, which land consists mostly of the main island of Taiwan. The rapid industrialization . China is also home to many languages and dialects. . In 1990, Taiwan's GDP was 170 billion dollars. 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 . Life be 63.2% less likely to die during infancy By GDP 5-years average growth and GDP per capita, China and Taiwan ranked 12th vs 115th and 76th vs 38th, respectively. License : CC BY-4.0. 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. The article China's first-level administrative divisions by their gross domestic product per capita in main years. When typing in this field, a list of search results will appear and be automatically updated as you type. 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 country became part of a group called The Four Asian Tigers, consisting of Singapore, South Korea, Hong Kong and Taiwan. 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. China attains a maximum gdp growth rate of 19.30% in 1970 and a minimum of -27.27% in 1961. PPP figures are given in Int'l. The entire land coverage of the land is approximately 36,000, making it an incredibly small nation with a relatively large population. But underneath the headline figure there is much to be concerned about. In 2020, Taiwan's gross domestic product amounted to around 669.25 billion U.S. dollars. Despite the efforts of the greatest correspondence with the reality, there is no guarantee, that all the data is true. Groceries Prices in Taiwan are 56.54% higher than in China. FRED: Download, graph, and track economic data. Irrigated land 3,820 sq km (2012) Population distribution 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. tv stand mount 65 inch; richeson funeral home obituary; motorola cp040 frequency list . 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. Military power of China & Taiwan. $19,887,033,000,000 (2017 est.) Taiwan's remarkable economic performance in 2020 is something to celebrate given most countries globally plunged into recession because of the COVID-19 pandemic. From 1950 to 1965, U.S. Aid accounted for roughly 6.5% of Taiwan's GDP. Gross Domestic Product & Income Financial system and Human development The entire land coverage of the land is approximately 36,000, making it an incredibly small nation with a relatively large population. Only about 25 countries recognize Taiwan as an . Breaking through the 11 trillion yuan ($1.71 trillion) threshold, Guangdong has retained its place as the province with the highest GDP in China for 32 years in a row. Summary Forecast Stats Download The Gross Domestic Product (GDP) in Taiwan was worth 774.70 billion US dollars in 2021, according to official data from the World Bank. Rent Prices in Taiwan are 24.62% lower than in China. However, due to the largest population, it has much larger density than most of the countries considered as the most powerful ones. Exports declined 5.3% y/y, while imports fell 2.4% y/y. GDP (current US$) - Taiwan, China. The economy contracted at a seasonally adjusted annualised rate of 2.9%. 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. During the period 1961 to 2019, China grew by more than 10% in 22 years. from 8 AM - 9 PM ET. One of the largest economies in the world - the Peoples Republic of China is a nation located in East Asia. Answer (1 of 20): I will compare Taiwan to South Korea, since they are more similar. However, it&#;s GDP is only 10 times greater. 32 economic data series with tags: Taiwan, GDP, PWT. 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). Shandong is predominant in agriculture, and is renowned as "China's most outstanding agricultural province". It is one of the most attractive places for investors, with a great deal of market vigor. Some information is indicative and estimated because of lack of official or up-to-date data. In terms of the total area, it has the third biggest land coverage that is around 9.5 million kilometers square. Like the U.S., China also had a two-year limit on presidents. Per capita GDP of 17 provinces exceeded US$10,000. Over the years, its private economy has achieved leapfrog growth in scale and strength, nurturing a great number of successful enterprises. It has the most gold reserves and output as well as abundant sea salt and a diverse array of coastal bird species. Shanghai's GDP per person is as high as Saudi Arabia's (at purchasing-power parity), though still well below that in China's special administrative regions, Hong Kong and Macau. | Abp news. Let's take a look at the top 10 provincial regions with the strongest GDPs in 2020. The economy of Taiwan is a highly developed free-market economy. Both have the same problem of very low birth rates, and are facing an aging population. 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. A coastal province in the southeastern part of the country, Fujian has seen rapid development over the past five years. Its GDP jumped to 6.46 trillion yuan in 2020, and has ranked fourth in China for 23 consecutive years. China GDP ranking of 31 provinces in 2021. The article lists China's province-level divisions by gross domestic product (GDP). Show map. US 7%, Taiwan 6% (2019) Debt - external: $96.58 billion (31 December 2017 est.) 13 Oct. Defiant Taiwan's identity is moving away from China. Restaurant Prices in Taiwan are 4.13% lower than in China. China vs Taiwan. Figures for Hong Kong and Macau, which are special administrative regions of the People's Republic of China. The standard of living of people in Taiwan is also considerably higher as compared to the people of China. Taiwan's GDP in 2019 was about 4. . . 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. As we can guess, Taiwan is a country located in East Asia, which land consists mostly of the main island of Taiwan. The last time . 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. Taiwan. 1.3 Share this: 1.4 Like this: A comparison between 33 Chinese administrative divisions and countries/economies by GDP (Nominal). Taiwan - China Tenions : Is China plotting a two-sided war against Taiwan ? Asia. World map with selected countries highlighted. 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. Historical figures and rankings, including purchasing power parity (PPP) figures, are also given for main years since 1978. . So from an aspect of individual economy, yes, life is good and they are rich. In October 2021 the Taiwan Public Opinion Foundation asked people . . Shanghai's per capita GDP ranked second among all regions . China's largest economy Guangdong has a GDP (nominal) of around 1,605.84 billion US $. Taiwan's GDP equivalent to 45.8%. Correction, February 25th: The original figure given for Hong Kong's exports included re-exports. The stimulus worked: the funds sparked Taiwan's economy and resulted in self-sustainable and rapid economic growth. The per capita GDP in Jiangsu reached 125,000 yuan ($19,230) last year, ranking first among all provincial-level regions in China. 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. Line Bar Map. 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. Meanwhile, the population of Taiwan is ~23.6 million people (1.4 billion more people live in China). 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. Local Purchasing Power in Taiwan is 9.28% higher than in China. Whereas, Taiwan has only 741 aircraft. An estimate of its nominal GDP per capita for 2016 is $21,571. But over time the latter has consistently been revised up, suggesting that any overstatement is modest. arable land: 16.9% (2018 est.) However, in 2018, the year Xi was re-elected as the Chinese president, the term limit. Taiwan was returned to China from Japan at the end of the Second World War, causing several battles and thousands of deaths . The farmers caught up in Taiwan's tensions with . 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. World Economics has reassessed Taiwan's GDP by adjusting for any base year age and size of the informal economy to estimate GDP PPP at $1,700 billion - 38% larger than offical estimates. cade, the 10 eastern provinces make up more than half of China's GDP despite being home to just over a third of its population (see Tables 2 and 3). Per capita gross domestic product (GDP) in China 2020, by region Published by C. Textor , Nov 23, 2021 In 2020, the annual per capita gross domestic product (GDP) in different provinces,. 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). China has 286 aircraft for transport, while Taiwan has only 19 transport i.e. . Our map shows the nearest equivalent country. 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. [1], List of Chinese administrative divisions by GDP per capita. 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. 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.) And Taiwan's GDP ranked sixth in china. Percent of GDP: 1.7%: 2.3%: Military budget Highest value in the world: 738 billion . * In the 1970s, Taiwan and South Korea both had to. Annual PPP rates are taken from the International Monetary Fund's World Economic Outlook (WEO) databases. As a promising region, Jiangsu is characterized by a strong economy, wealthy people, beautiful environment and a high degree of social civilization in this new development period. China has a GDP per capita of $18,200 as of 2018, while in Taiwan, the GDP per capita is $50,500 as of 2017. be 54.5% less likely to live below the poverty line In China, 3.3% live below the poverty line as of 2016. GDP of Taiwan Province of China increased from 299.28 billion US dollars in 2001 to 668.51 billion US dollars in 2020 growing at an average annual rate of 4.41%. Provinces: GDP (CN) Normal GDP (US$) Guangdong: Jiangsu: Shandong: Zhejiang: Henan: 926.97 . More about Taiwan Gross domestic product (GDP, GDP PPP) Gross domestic product (GDP) It also helped give a lift to Taiwan's economy, as did its successful and rapid control of the pandemic, causing growth to exceed China's2.98 percent versus 2.3 percentfor the first time . 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). 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