Forex Trading Business

After World War II, Taiwan returned to Chinese control. Nationalists went to Taiwan, after 1949, and created a government based on the guidelines of the 1946 constitution for all China; throughout the years, Taiwanese people became more involved in government as the administration became more democratized. As power was given to the Democratic Progressive Party, Taiwan became one of the economic “Tigers” of East Asia. The idea of unification continues to shape politics in Taiwan, as does internal economic reform.

Main Airports

Kaohsiung International (KHH), Taiwan Taoyuan International Airport (TPE)

Statistics

GDP: purchasing power parity:

$631.2 billion (2005 est.)

GDP - real growth rate:

3.8% (2005 est.)

GDP - per capita: purchasing power parity:

27,600 (2005 est.)

Inflation rate (consumer prices):

2.3% (2005 est.)

Labor force:

10.6 million (2005 est.)

Exports:

$189.4 billion f.o.b. (2005 est.)

Exports - partners:

China 21.6%, US 16.22%, Hong Kong 15.1%, Japan 7.7% (2005)

Imports:

$181.6 billion f.o.b. (2005 est.)

Imports - partners:

Japan 25.3%, US 11.6%, China 11%, South Korea 7.3% (2005)

Population:

23,036,087 (July 2006 est.)

Population growth rate:

0.61% (2006 est.)

Population Below Poverty Line:

0.9% (2005)

Major Industries:

electronics, petroleum refining, armaments, chemicals, textiles, iron and steel, machinery, cement, food processing, vehicles, consumer products, pharmaceuticals

Employing Workers: 154*

Registering Property: 24*

Enforcing Contracts: 62*

Closing a Business: 4*

*2006 World Bank rank out of 175 countries