Economic Growth Rate

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Economic growth is the increase of per capita gross domestic product (GDP) or other measure of aggregate income. It is normally measured as the rate of change in real GDP. In 2009 Taiwan's real growth rate was estimated to be at -1.9%. Which is lower than what Taiwan's real growth rate was estimated to be in 2008, which was at 0.7%. When being compared to China and Japan, China's real growth rate was estimated to be 9.10% and Japan's real growth rate was estimated to be -5.3%. While China's real growth rate in 2009 was doing much better than Taiwan's growth rate, Japan's growth rate dropped far behind Taiwan's growth rate. The estimated growth rate of -1.9% from 2009 does not seem to be consistent with how Taiwan's growth rate has been in the past. Slowly over the years Taiwan's real growth rate has managed to go from a high positive percentage, to being a negative percentage. This negative affect with Taiwan's growth rate could be caused from the increase in the unemployment rate and the lack of jobs that Taiwan's has been able to give to the many citizens in need for a job.