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Aliases: Formosa

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Object «Taiwan» has attributes

Attribute Value
Geography
Area 35,980 km²
Continent Asia
Land area 32,260 km²
Water area 3,720 km²
Land boundaries 0 km
Border countries Add
Coastline 1566.3 km
Mean elevation 1,150 m
Lowest point 0 m
Highest point 3,952 m
People
Population 23,603,049
Official languages
  • Mandarin Chinese
Religion Buddhist
Government
Long country name Add
Short country name Taiwan
Long local name Add
Short local name Taiwan
Former name
  • Formosa
Government type Semi-presidential republic
Capital Taipei
Economy
GDP (PPP) 1,189,000,000,000 USD
GDP (OER) 572,600,000,000 USD
GDP (real growth rate) 2.9 %
GDP - per capita (PPP) 50,500 USD
Gross national saving 34.9 % of GDP
Labor force 11,780,000
Unemployment rate 3.8 %
Population below poverty line 1.5 %
Budget revenues 91,620,000,000 USD
Budget expenditures 92,030,000,000 USD
Military expenditures Add
Taxes and other revenues 16 % of GDP
Budget surplus or deficit -0.1 % of GDP
Public debt 35.7 % of GDP
Inflation rate 1.1 %
Central bank discount rate 1.38 %
Commercial bank prime lending rate 2.63 %
Stock of narrow money 560,900,000,000 USD
Stock of broad money 560,900,000,000 USD
Stock of domestic credit 880,800,000,000 USD
Market value of publicly traded shares 851,200,000,000 USD
Current account balance 82,880,000,000 USD
Exports 349,800,000,000 USD
Imports 259,000,000,000 USD
Reserves of foreign exchange and gold 456,700,000,000 USD
External debt 181,900,000,000 USD
National currency New Taiwan dollars
National currency (code) TWD
National currency (symbol) NT$
National currency rate to USD 30.68

First inhabited by Austronesian people, Taiwan became home to Han immigrants beginning in the late Ming Dynasty (17th century). In 1895, military defeat forced China's Qing Dynasty to cede Taiwan to Japan, which then governed Taiwan for 50 years. Taiwan came under Chinese Nationalist (Kuomintang, KMT) control after World War II. With the communist victory in the Chinese civil war in 1949, the Nationalist-controlled Republic of China government and 2 million Nationalists fled to Taiwan and continued to claim to be the legitimate government for mainland China and Taiwan based on a 1947 Constitution drawn up for all of China. Until 1987, however, the Nationalist government ruled Taiwan under a civil war martial law declaration dating to 1948. Beginning in the 1970s, Nationalist authorities gradually began to incorporate the native population into the governing structure beyond the local level. The democratization process expanded rapidly in the 1980s, leading to the then illegal founding of Taiwan’s first opposition party (the Democratic Progressive Party or DPP) in 1986 and the lifting of martial law the following year. Taiwan held legislative elections in 1992, the first in over forty years, and its first direct presidential election in 1996. In the 2000 presidential elections, Taiwan underwent its first peaceful transfer of power with the KMT loss to the DPP and afterwards experienced two additional democratic transfers of power in 2008 and 2016. Throughout this period, the island prospered, became one of East Asia's economic "Tigers," and after 2000 became a major investor in mainland China as cross-Strait ties matured. The dominant political issues continue to be economic reform and growth as well as management of sensitive relations between Taiwan and China.

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There was one edit, no edits waiting approval. Last edited by everette34(9367), Sep 16, 2019 (58 fields were changed)
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