Taiwan’s GDP per capita based on purchasing power parity (PPP) ranks 19th in the world, higher than Japan’s and South Korea’s, the latest IMF data showed.
Taiwan’s PPP-based GDP per capita is US$52,304, compared with US$44,430 in Japan and US$41,390 in South Korea, which rank 31st and 32nd in the world, respectively, the data showed.
The IMF releases global income statistics twice a year. PPP-based GDP per capita compares average living standards in different nations by combining nominal incomes with the relative cost of living and inflation rates
The Directorate-General of Budget, Accounting and Statistics has said that the nation’s relatively low cost of living, stable prices and low inflation rate are why it is so high on the PPP index.
The data, which were published last month, put Qatar in the No. 1 spot in terms of PPP-based GDP per capita with US$128,702 per year, followed by Macau with US$122,489, and Luxembourg with US$110,870.
Singapore ranked fourth, with US$98,014, and Hong Kong 10th, with US$64,533.
The Business Insider Web site said that small countries dominate the list because they have small populations compared with the US, China and Germany, which lead the world purely in terms of GDP.
Most of small nations depend heavily on migrant workers, who often do not reside in the country where they work or are not granted resident status, so that they are not included in GDP per capita calculations, the Web site said.
BUSINESS UPDATE: The iPhone assembler said operations outlook is expected to show quarter-on-quarter and year-on-year growth for the second quarter Hon Hai Precision Industry Co (鴻海精密) yesterday reported strong growth in sales last month, potentially raising expectations for iPhone sales while artificial intelligence (AI)-related business booms. The company, which assembles the majority of Apple Inc’s smartphones, reported a 19.03 percent rise in monthly sales to NT$510.9 billion (US$15.78 billion), from NT$429.22 billion in the same period last year. On a monthly basis, sales rose 14.16 percent, it said. The company in a statement said that last month’s revenue was a record-breaking April performance. Hon Hai, known also as Foxconn Technology Group (富士康科技集團), assembles most iPhones, but the company is diversifying its business to
Apple Inc has been developing a homegrown chip to run artificial intelligence (AI) tools in data centers, although it is unclear if the semiconductor would ever be deployed, the Wall Street Journal reported on Monday. The effort would build on Apple’s previous efforts to make in-house chips, which run in its iPhones, Macs and other devices, according to the Journal, which cited unidentified people familiar with the matter. The server project is code-named ACDC (Apple Chips in Data Center) within the company, aiming to utilize Apple’s expertise in chip design for the company’s server infrastructure, the newspaper said. While this initiative has been
Clambering hand-over-hand, sweat dripping into his eyes, a durian laborer expertly slices a cumbersome fruit from a tree before tossing it down to land with a soft thump in his colleague’s waiting arms about 15m below. Among Thailand’s most famous and lucrative exports, the pungent “king of fruits” is as distinctive in its smell as its spiky green-brown carapace, and has been farmed in the kingdom for hundreds of years. However, a vicious heat wave engulfing Southeast Asia has resulted in smaller yields and spiraling costs, with growers and sellers increasingly panicked as global warming damages the industry. “This year is a crisis,”
HIGH-TECH: As leading-edge process technologies become more complicated, only a handful of players are able to provide design services, the company’s CEO said Artificial intelligence (AI) chip designer Alchip Technologies Ltd (世芯) yesterday said that revenue would grow significantly again in 2026 after adding a major AI chip customer, reversing moderation amid a product transition next year. The Taipei-based application-specific IC (ASIC) designer reiterated its strong revenue growth forecast for this year and 2026 after its stock plummeted about 23 percent to NT$3,145 from a peak of NT$4,085 on March 6 amid growing competition. Alchip said it has built strong partnerships with cloud service providers (CSP), denying that it had lost orders to smaller competitors such as Faraday Technology Corp (智原). Faraday said it has secured