Taiwan’s GDP per capita surpasses both Korea and Japan

[beijingwalker]

Taiwan’s GDP per capita surpasses both Korea and Japan

• By Jung Suk-yee
• October 13, 2022, 11:11

The IMF recently estimated the 2022 GDP per capita of South Korea at US$33,590 and that of Japan at US$34,360, down 4 percent and 12.6 percent year on year, respectively.

According to the IMF, this year’s difference between the two is likely to the smallest since its records began. It also said that Taiwan is likely to post the highest GDP per capita in East Asia by beating both South Korea and Japan.

Taiwan’s GDP per capita is estimated to increase from US$33,140 to US$35,510 this year. Then, its GDP per capita will exceed South Korea’s for the first time since 2003 and exceed Japan’s for the first time ever.

The rapid GDP growth of Taiwan is based on the government’s intensive support in its semiconductor industry. According to industry sources, TSMC’s sales are estimated to have exceeded Samsung Electronics’ for the first time in the third quarter of this year.

Taiwan About to Outpace Both South Korea and Japan

The IMF recently estimated the 2022 GDP per capita of South Korea at US$33,590 and that of Japan at US$34,360, down 4 percent and 12.6 percent year on year, respectively.According to the IMF, this year’s difference between the two is likely to the smallest since its records began. It also said that

www.businesskorea.co.kr

 

[beijingwalker]

GDP per capita in Hong Kong is expected to reach 38523.00 USD by the end of 2022, will be the highest in East Asia if Macua is not included.
GDP per capita in Macau is expected to reach 55950.00 USD by the end of 2022, but Macau is too small to be considered a proper city.

 

[beijingwalker]

 

[Viet]

Congrats

That’s it what we can learn from TW. Focusing on electronics. Time to move on from making shoes.

 

[beijingwalker]

Congrats

That’s it what we can learn from TW. Focusing on electronics. Time to move on from making shoes.

From the details of the report we can tell it's rather due to Japan's fast decline than Taiwan's growth.

 

[REhorror]

Congrats

That’s it what we can learn from TW. Focusing on electronics. Time to move on from making shoes.

We have moved on to that, Vietnam has been manufacturing electronics for Samsung, Panasonic, Sony. And we have our own brands now like Vinfast.

Even my Sony earbuds are made in VN.

 

[Leishangthem]

We have moved on to that, Vietnam has been manufacturing electronics for Samsung, Panasonic, Sony. And we have our own brands now like Vinfast.

Even my Sony earbuds are made in VN.

lol no ,to be really tier 1 wealthy a nation need semis . Korea,Japan ,Taiwan is on the back of semi conductor.

 

[REhorror]

lol no ,to be really tier 1 wealthy a nation need semis . Korea,Japan ,Taiwan is on the back of semi conductor.

We are working on that too: https://www.reuters.com/technology/...ountrys-first-semiconductor-chips-2022-09-28/

When we move fast, we move fast.

 

[beijingwalker]

Korea also beats Japan per capita wise this year.

 

[Unknown-V]

Soon, South Korea's GDP per capita will surpass Japan's. Maybe China will surpass Japan too in the next 20 years.

 

[Viet]

From the details of the report we can tell it's rather due to Japan's fast decline than Taiwan's growth.

I am afraid Taiwan will follow Japan with population decline and slow death march.

 

[Han Patriot]

Congrats

That’s it what we can learn from TW. Focusing on electronics. Time to move on from making shoes.

And where do you think Taiwan gets all these income from?

We are working on that too: https://www.reuters.com/technology/...ountrys-first-semiconductor-chips-2022-09-28/

When we move fast, we move fast.

First learn to make simple bolts and nuts

 

[beijingwalker]

I am afraid Taiwan will follow Japan with population decline and slow death march.

Japan is better than Taiwan in this regard

CIA estimates Taiwan's fertility rate to be world's lowest

Among 227 countries and regions surveyed, Taiwan ranks last at 1.07 children per woman, far below the 2.1 replacement rate needed to maintain the population.

www.japantimes.co.jp

 

[Viet]

Japan is better than Taiwan in this regard

CIA estimates Taiwan's fertility rate to be world's lowest

Among 227 countries and regions surveyed, Taiwan ranks last at 1.07 children per woman, far below the 2.1 replacement rate needed to maintain the population.

www.japantimes.co.jp

Good for Xi. Invasion is easier. That’s why he stays a bit longer in power.

 

[REhorror]

And where do you think Taiwan gets all these income from?


First learn to make simple bolts and nuts

From that link, production has already started.
In modern times, technology leap frogging is possible.