Gross Domestic Product (GDP)

Real Gross Domestic Product (GDP) is a measure of the value of output economy adjusted for price changes (inflation or deflation.) In 2009 Taiwan's real GDP reached $735.4 billion dollars which increased from the year 2008 when the GDP was 749.6 billion dollars. When being compared to the other countries that are geographically around Taiwan, such as China and Japan, Taiwan's GDP doesn't seem to compare. In 2009 China's real GDP was estimated to be $8.748 trillion dollars and Japan was estimated to have a real GDP of $4.15 trillion dollars. Compared to the rest of the world, Taiwan's real GDP was ranked twentieth out of two hundred and twenty nine other countries. Ranked in last position is a small country called Tokelau, which real GDP in 2009 was $1.5 million dollars. Now, let's look at GDP per capita, which is the average normal income for each individual in a country. In 2009 Taiwan's GDP estimated to be $32,000 thousand dollars, which seemed to have dropped slightly from $32,700 dollars in 2008. While still comparing Taiwan to China and Japan, Tawian's GDP per capita is slowing trailing behind Japan, but then on the other hand seems to be lightyears away from China. In 2009 Japan's GDP per capita was estimated to be $32,700 thousand dollars, while China's GDP per capita was estimated to be $6,600 thousand dollars in 2009. Compared to the rest of the world Taiwan is ranked fourty third. Since Taiwan's real GDP is $735.4 billion dollars and their GDP per capita is $32,000 thousand dollars, with the population that Taiwan currently has their real GDP seems to be doing consistent with the GDP per capita. Even though their population has reached over an estimated two million people, their population is still recieving an average yearly income of $32,000 thousand every year.