Location: Eastern Asia, islands bordering the East China Sea, Philippine Sea, South China Sea, and Taiwan Strait, north of the Philippines, off the southeastern coast of China
Map references: Southeast Asia
Area:
total area: 35,980 sq km
land area: 32,260 sq km
comparative area: slightly larger than Maryland and
Delaware combined
note: includes the Pescadores, Matsu, and Quemoy
Land boundaries: 0 km
Coastline: 1,448 km
Maritime claims:
exclusive economic zone: 200 nm
territorial sea: 12 nm
International disputes: involved in complex dispute over the Spratly Islands with China, Malaysia, Philippines, Vietnam, and possibly Brunei; Paracel Islands occupied by China, but claimed by Vietnam and Taiwan; Japanese-administered Senkaku-shoto (Senkaku Islands/Diaoyu Tai) claimed by China and Taiwan
Climate: tropical; marine; rainy season during southwest monsoon (June to August); cloudiness is persistent and extensive all year
Terrain: eastern two-thirds mostly rugged mountains; flat to gently rolling plains in west
Natural resources: small deposits of coal, natural gas, limestone, marble, and asbestos
Land use:
arable land: 24%
permanent crops: 1%
meadows and pastures: 5%
forest and woodland: 55%
other: 15%
Irrigated land: NA sq km
Environment:
current issues: water pollution from industrial emissions,
raw sewage; air pollution; contamination of drinking water
supplies; trade in endangered species
natural hazards: earthquakes and typhoons
international agreements: signed, but not ratified -
Marine Life Conservation
Population: 21,500,583 (July 1995 est.)
Age structure:
0-14 years: 24% (female 2,543,134; male 2,665,878)
15-64 years: 68% (female 7,191,964; male 7,482,814)
65 years and over: 8% (female 734,535; male 882,258) (July
1995 est.)
Population growth rate: 0.93% (1995 est.)
Birth rate: 15.33 births/1,000 population (1995 est.)
Death rate: 5.71 deaths/1,000 population (1995 est.)
Net migration rate: -0.37 migrant(s)/1,000 population (1995 est.)
Infant mortality rate: 5.6 deaths/1,000 live births (1995 est.)
Life expectancy at birth:
total population: 75.47 years
male: 72.17 years
female: 78.93 years (1995 est.)
Total fertility rate: 1.81 children born/woman (1995 est.)
Nationality:
noun: Chinese (singular and plural)
adjective: Chinese
Ethnic divisions: Taiwanese 84%, mainland Chinese 14%, aborigine 2%
Religions: mixture of Buddhist, Confucian, and Taoist 93%, Christian 4.5%, other 2.5%
Languages: Mandarin Chinese (official), Taiwanese (Min), Hakka dialects
Literacy: age 15 and over can read and write (1980)
total population: 86%
male: 93%
female: 79%
Labor force: 7.9 million
by occupation: industry and commerce 53%, services 22%,
agriculture 15.6%, civil administration 7% (1989)
Names:
conventional long form: none
conventional short form: Taiwan
local long form: none
local short form: T'ai-wan
Digraph: TW
Type: multiparty democratic regime; opposition political parties legalized in March, 1989
Capital: Taipei
Administrative divisions: some of the ruling party in
Taipei claim to be the government of all China; in keeping with
that claim, the central administrative divisions include 2
provinces (sheng, singular and plural) and 2 municipalities*
(shih, singular and plural) - Fu-chien (some 20 offshore islands
of Fujian Province including Quemoy and Matsu), Kao-hsiung*,
T'ai-pei*, and Taiwan (the island of Taiwan and the Pescadores
islands); the more commonly referenced administrative divisions
are those of Taiwan Province - 16 counties (hsien, singular and
plural), 5 municipalities* (shih, singular and plural), and 2
special municipalities** (chuan-shih, singular and plural);
Chang-hua, Chia-i, Chia-i*, Chi-lung*, Hsin-chu, Hsin-chu*,
Hua-lien, I-lan, Kao-hsiung, Kao-hsiung**, Miao-li, Nan-t'ou,
P'eng-hu, P'ing-tung, T'ai-chung, T'ai-chung*, T'ai-nan,
T'ai-nan*, T'ai-pei, T'ai-pei**, T'ai-tung, T'ao-yuan, and
Yun-lin; the provincial capital is at Chung-hsing-hsin-ts'un
note: Taiwan uses the Wade-Giles system for romanization
National holiday: National Day, 10 October (1911) (Anniversary of the Revolution)
Constitution: 1 January 1947, amended in 1992, presently undergoing revision
Legal system: based on civil law system; accepts compulsory ICJ jurisdiction, with reservations
Suffrage: 20 years of age; universal
Executive branch:
chief of state: President LI Teng-hui (since 13 January
1988); Vice President LI Yuan-zu (since 20 May 1990)
head of government: Premier (President of the Executive
Yuan) LIEN Chan (since 23 February 1993); Vice Premier (Vice
President of the Executive Yuan) HSU Li-teh (since 23 February
1993); presidential election last held 21 March 1990 (next
election will probably be a direct popular election and will be
held NA March 1996); results - President LI Teng-hui was
reelected by the National Assembly; vice presidential election
last held 21 March 1990; results - LI Yuan-zu was elected by the
National Assembly
cabinet: Executive Yuan; appointed by the president
Legislative branch: unicameral Legislative Yuan and
unicameral National Assembly
Legislative Yuan: elections last held 19 December 1992
(next to be held NA December 1995); results - KMT 60%, DPP 31%,
independents 9%; seats - (304 total, 161 elected) KMT 96, DPP 50,
independents 15
National Assembly: first National Assembly elected in
November 1946 with a supplementary election in December 1986;
second and present National Assembly elected in December 1991;
seats - (403 total) KMT 318, DPP 75, other 10; (next election to
be held probably in 1996 and will be a direct popular election)
Judicial branch: Judicial Yuan
Political parties and leaders: Kuomintang (KMT, Nationalist Party), LI Teng-hui, chairman; Democratic Progressive Party (DPP), SHIH Ming-teh, chairman; Chinese New Party (CNP); Labor Party (LP)
Other political or pressure groups: Taiwan independence
movement, various environmental groups
note: debate on Taiwan independence has become acceptable
within the mainstream of domestic politics on Taiwan; political
liberalization and the increased representation of the opposition
Democratic Progressive Party in Taiwan's legislature have opened
public debate on the island's national identity; advocates of
Taiwan independence, both within the DPP and the ruling
Kuomintang, oppose the ruling party's traditional stand that the
island will eventually unify with mainland China; the aims of the
Taiwan independence movement include establishing a sovereign
nation on Taiwan and entering the UN; other organizations
supporting Taiwan independence include the World United Formosans
for Independence and the Organization for Taiwan Nation Building
Member of: expelled from UN General Assembly and Security Council on 25 October 1971 and withdrew on same date from other charter-designated subsidiary organs; expelled from IMF/World Bank group April/May 1980; seeking to join GATT; attempting to retain membership in INTELSAT; suspended from IAEA in 1972, but still allows IAEA controls over extensive atomic development, APEC, AsDB, BCIE, ICC, IOC, WCL
Diplomatic representation in US: none; unofficial commercial and cultural relations with the people of the US are maintained through a private instrumentality, the Taipei Economic and Cultural Representative Office (TECRO) with headquarters in Taipei and field offices in Washington and 10 other US cities
US diplomatic representation: unofficial commercial and cultural relations with the people of Taiwan are maintained through a private institution, the American Institute in Taiwan (AIT), which has offices in Taipei at #7, Lane 134, Hsin Yi Road, Section 3, telephone [886] (2) 709-2000, and in Kao-hsiung at #2 Chung Cheng 3d Road, telephone [886] (7) 224-0154 through 0157, and the American Trade Center at Room 3207 International Trade Building, Taipei World Trade Center, 333 Keelung Road Section 1, Taipei 10548, telephone [886] (2) 720-1550
Flag: red with a dark blue rectangle in the upper hoist-side corner bearing a white sun with 12 triangular rays
Overview: Taiwan has a dynamic capitalist economy with considerable government guidance of investment and foreign trade and partial government ownership of some large banks and industrial firms. Real growth in GNP has averaged about 9% a year during the past three decades. Export growth has been even faster and has provided the impetus for industrialization. Inflation and unemployment are remarkably low. Agriculture contributes about 4% to GDP, down from 35% in 1952. Taiwan currently ranks as number 13 among major trading countries. Traditional labor-intensive industries are steadily being 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.
National product: GDP - purchasing power parity - $257 billion (1994 est.)
National product real growth rate: 6% (1994 est.)
National product per capita: $12,070 (1994 est.)
Inflation rate (consumer prices): 5.2% (1994 est.)
Unemployment rate: 1.6% (1994)
Budget:
revenues: $30.3 billion
expenditures: $30.1 billion, including capital
expenditures of $NA (1991 est.)
Exports: $93 billion (f.o.b., 1994)
commodities: electrical machinery 19.7%, electronic
products 19.6%, textiles 10.9%, footwear 3.3%, foodstuffs 1.0%,
plywood and wood products 0.9% (1993 est.)
partners: US 27.6%, Hong Kong 21.7%, EC countries 15.2%,
Japan 10.5% (1994 est.)
Imports: $85.1 billion (c.i.f., 1994)
commodities: machinery and equipment 15.7%, electronic
products 15.6%, chemicals 9.8%, iron and steel 8.5%, crude oil
3.9%, foodstuffs 2.1% (1993 est.)
partners: Japan 30.1%, US 21.7%, EC countries 17.6% (1993
est.)
External debt: $620 million (1992 est.)
Industrial production: growth rate 4.5% (1994 est.); accounts for more than 40% of GDP
Electricity:
capacity: 21,460,000 kW
production: 108 billion kWh
consumption per capita: 4,789 kWh (1993)
Industries: electronics, textiles, chemicals, clothing, food processing, plywood, sugar milling, cement, shipbuilding, petroleum refining
Agriculture: accounts for 4% of GDP and 16% of labor force (includes part-time farmers); heavily subsidized sector; major crops - vegetables, rice, fruit, tea; livestock - hogs, poultry, beef, milk; not self-sufficient in wheat, soybeans, corn; fish catch increasing, reached 1.4 million metric tons in 1988
Illicit drugs: an important heroin transit point; also a major drug money laundering center
Economic aid:
recipient: US, including Ex-Im (FY46-82), $4.6 billion;
Western (non-US) countries, ODA and OOF bilateral commitments
(1970-89), $500 million
Currency: 1 New Taiwan dollar (NT$) = 100 cents
Exchange rates: New Taiwan dollars per US$1 - 26.2 (1994), 26.6 (1993), 25.4 (1992), 25.748 (1991), 27.108 (1990), 26.407 (1989)
Fiscal year: 1 July - 30 June
Railroads:
total: 4,600 km; note - 1,075 km in common carrier service
and about 3,525 km is dedicated to industrial use
narrow gauge: 4,600 km 1.067-m
Highways:
total: 20,041 km
paved: bituminous, concrete pavement 17,095 km
unpaved: crushed stone, gravel 2,371 km; graded earth 575
km
Pipelines: petroleum products 615 km; natural gas 97 km
Ports: Chi-lung (Keelung), Hua-lien, Kao-hsiung, Su-ao, T'ai-chung
Merchant marine:
total: 198 ships (1,000 GRT or over) totaling 5,635,682
GRT/8,652,111 DWT
ships by type: bulk 55, cargo 30, chemical tanker 1,
combination bulk 2, combination ore/oil 1, container 78, oil
tanker 17, passenger-cargo 1, refrigerated cargo 12,
roll-on/roll-off cargo 1
Airports:
total: 41
with paved runways over 3,047 m: 8
with paved runways 2,438 to 3,047 m: 11
with paved runways 1,524 to 2,437 m: 6
with paved runways 914 to 1,523 m: 6
with paved runways under 914 m: 8
with unpaved runways 1,524 to 2,438 m: 2
Telephone system: 7,800,000 telephones; best developed
system in Asia outside of Japan
local: NA
intercity: extensive microwave radio relay links on east
and west coasts
international: 2 INTELSAT (1 Pacific Ocean and 1 Indian
Ocean) earth stations; submarine cable links to Japan (Okinawa),
Philippines, Guam, Singapore, Hong Kong, Indonesia, Australia,
Middle East, and Western Europe
Radio:
broadcast stations: AM 91, FM 23, shortwave 0
radios: 8.62 million
Television:
broadcast stations: 15 (repeaters 13)
televisions: 6.386 million (color 5,680,000, monochrome
706,000)
Branches: Army, Navy (includes Marines), Air Force, Coastal Patrol and Defense Command, Armed Forces Reserve Command, Military Police Command
Manpower availability: males age 15-49 6,293,884; males fit for military service 4,863,014; males reach military age (19) annually 201,191 (1995 est.)
Defense expenditures: exchange rate conversion - $9.8 billion, 3.4% of GDP (FY94/95); $9.77 billion proposed for FY95/96 budget.
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Copyright © 1996, The Emerging Markets Companion, Inc.The information herein was obtained from sources which The Emerging Markets Companion, Inc. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.