Three other dragon economies already reached higher level

Taiwan News
Date: 2020/07/14
By: Matthew Strong, Taiwan News, Staff Writer

TAIPEI (Taiwan News) — The average Gross Domestic Product (GDP) per capita in Taiwan will slowly climb toward US$30,000 (NT$884,000) by 2024, reports said Tuesday (July 14).

According to a “National Development Plan” approved by the National Development Council (NDC) Monday (July 13), the economy will grow by a range between 2.6 percent and 3.4 percent a year for the next four years, the China Times reported.

During the same period, unemployment will hover between 3.5 percent and 3.8 percent, while the GDP per capita will gradually approach the US$30,000 level. The plan mentioned a range from US$29,006 to US$29,584 per capita.

Nevertheless, the other three dragon economies in the region, South Korea, Hong Kong, and Singapore, have all surpassed the US$30,000 average.    [FULL  STORY]