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TAIWAN – HISTORICAL AND REGIONAL PERSPECTIVES
Growth rates in the first-échelon Asian NIEs and Japan Average rate of growth of GDP (% p. a. ) 1965 -80 1980 -90 1990 -98 Japan 6. 4 4. 1 1. 2 Taiwan 9. 9 8. 3 6. 5 South Korea 9. 9 9. 7 6. 2 Hong Kong 8. 6 7. 1 4. 4 Singapore 10. 0 6. 4 8. 0
Annual rates of growth of gross domestic investment in Japan and first-échelon Asian NIEs Average growth of gross domestic investment (% p. a. ) 1965 -80 1980 -90 Middle Income countries (average) 8. 6 - 0. 1 South Korea 15. 9 12. 5 Taiwan 22. 0 7. 0 OECD member countries (average) 3. 2 4. 3 6. 9 5. 7 Japan
Growth of foreign trade in Japan and the former Asian NIEs Average growth rate (% p. a. ) Exports Imports 1965 -80 1980 -90 Japan 11. 4 4. 2 4. 9 5. 6 South Korea 27. 2 12. 8 15. 2 10. 8 Taiwan 27. 8 26. 0 9. 7 7. 5 Singapore 4. 7 8. 6 7. 0 6. 7 Hong Kong 9. 1 6. 2 8. 3 11. 0
EXPORTS & IMPORTS AS PERCENTAGE OF GDP, 1955 -1990 a (5 -YEAR AVERAGES CENTERED ON YEARS SHOWN) Taiwan South Hong Singapore Korea Kong ___________________________ 1955 22. 8 12. 0 n. a 1960 b 31. 5 16. 8 190. 0 360. 9 1965 40. 6 25. 9 161. 5 259. 2 1970 62. 3 40. 2 176. 4 228. 7 1975 87. 3 64. 7 165. 8 300. 3 1980 101. 4 70. 1 178. 6 390. 2 1985 97. 5 71. 5 213. 6 328. 0 1990 c 89. 9 63. 0 268. 8 363. 7 ___________________________ Notes a The ratios are estimated from data in current international prices. b For Singapore and Hong Kong, the data refer to 1960 only. c For Taiwan the data refer to 1990 only. For South Korea the data refer to averages for 1989 -91.
Taiwan’s economic performance during the Colonial Period Index of NDP Index of agricultural output Industrial production Rail freight Sugar output (‘ 000 metric tons) (mill. metric ton-km) Foreign trade (1935 -37 = 100) Total output (1935 -37 = 100) Index of exports Index of imports (1925 = 100) 1906 n. a. 37 n. a. 76 27 25 36 1911 36 45 n. a. 270 104 44 58 1916 40 50 38 321 174 62 51 1921 41 51 32 253 228 51 74 1926 60 69 54 300 406 105 110 1931 74 81 70 797 496 140 146 1936 103 101 88 902 722 183 1941 89 94 111 815 1, 000 145 157
The performance of agriculture during the period of Japanese colonisation RATE OF GROWTH OF AGRICULTURAL OUTPUT (%) Crop production: Livestock production Total output Sown area Total agricultural production Unit yield 1913 -21 1. 9 1. 0 0. 9 2. 7 2. 0 1921 -37 4. 3 1. 4 2. 9 3. 7 4. 2 1937 -46 - 4. 4 - 0. 3 - 4. 1 - 7. 8 - 4. 9 1946 -51 9. 7 6. 1 3. 6 14. 5 10. 3 Pre-war 1913 -37 3. 5 2. 2 3. 4 3. 5 1913 -77 2. 6 1. 6 4. 3 3. 0 1. 3 1. 0
Taiwan’s trade composition – the disproportionate importance of agriculture 1900 -09 1910 -19 1920 -29 1930 -39 25. 4 (100) 94. 2 (370. 9) 224. 3 (883. 1) 322. 7 (1, 270. 5) Food and live animals - of which rice - of which sugar 76. 2 23. 2 27. 8 77. 3 14. 5 50. 6 82. 9 19. 1 50. 6 84. 5 25. 9 46. 8 Non-agriculture 24. 8 22. 7 17. 1 15. 5 Total value of exports (m. yen) (As share of total exports)
Production and export of rice and sugar Rice Sugar Total output (‘ 000 m. t. ) Share of output exported (%) Share of exports to Japan (%) 1905 -06 632 19. 5 95. 3 106 93. 6 99. 6 1910 -14 641 16. 6 99. 4 176 91. 5 96. 7 1915 -19 680 19. 7 96. 6 328 98. 6 86. 4 1920 -24 749 20. 9 99. 2 379 99. 8 96. 0 1925 -29 938 36. 8 99. 9 618 96. 8 98. 7 1930 -34 1178 42. 5 100. 0 807 94. 7 97. 2 1935 -39 1339 48. 2 99. 2 1090 93. 9 92. 7
Surplus of rice and sugar for domestic consumption after deducting exports Surplus of rice for domestic use after deduction of exports (‘ 000 metric tons) 1905 -06 508. 8 6. 78 1910 -14 534. 6 15. 0 1915 -19 546. 0 4. 6 1920 -24 592. 5 0. 8 1925 -29 592. 8 1930 -34 677. 4 42. 8 1935 -39 693. 6 66. 5