Mainland China is home to 1.2 billion people whereas Taiwan is home to only 23 million people. This is because the sizes of their economies are very different. The Economy of Guangdong is one of the most prosperous in China. Shenzhen’s gross domestic product in 2018 overtook Hong Kong’s for the first time, partly because of its booming high-tech industry. Cost of Living Comparison Between Shenzhen and Taipei . Labour Costs in Taiwan averaged 104.51 points from 1982 until 2020, reaching an all time high of 289.35 points in January of 1998 and a record low of 64.98 points in March of 2011. But Shenzhen may have the lagest number of skyscrapers in the whole world(if the standard is taller than 300 meters),which includs Ping An Finance Centre (592.5m). > China vs Taiwan > Shenzhen vs Taipei. Pollution Comparison Between Shenzhen and Taipei . Sources: Wikipedia, CIA World Factbook, 2021. Annual percentage growth rate of GDP at market prices based on constant local currency. A tale of two cities: Shenzhen vs Hong Kong. The city also ascended in China’s GDP ranking to the third place, following to Shanghai and Beijing. There is a close correlation between Chinese city economies and China city tiers. The most obvious way of making a comparison between two countries is by using their GDP numbers. Labour Costs in Taiwan decreased to 81.85 points in December from 82.90 points in November of 2020. Marcelo Duhalde Forty years ago Shenzhen was a rural backwater with a population of 20,000, boasting very little industry or agriculture. China . Guangdong’s GDP per capita has reached 4000 US dollars. GDP growth of Shenzhen city, China 2009-2019 GDP of Maritime Silk Route Economic Road provinces in China 2015 Industry structure of Xinjiang, China in 2009-2019, by sector Shenzhen trails only Shanghai and Beijing in China for overall GDP, ranking third at RMB 2,422 billion (US$366.03 billion) per year, its growth having eclipsed Hong Kong in 2018. Shenzhen's GDP was 2.24 trillion yuan, putting it at the top of the Guangdong-Hong Kong-Macao Greater Bay Area that the government has earmarked for an integrated economic and business hub. It is the seventh largest in Asia and 20th-largest in the world by purchasing power parity allowing Taiwan to be included in the advanced economies group by the International Monetary Fund and gauged in the high-income economies group by the World Bank. With a combined GDP of $1.89 trillion, which is comparable to South Korea, the Pearl River Delta has cities like Hong Kong, Guangzhou, Shenzhen, Foshan, Dongguan, and Macao. The Chinese cities that already boast an economy bigger than Hong Kong’s are Shanghai, Beijing, Shenzhen and Guangzhou. The overall financial revenue from Guangdong rose from 280 billion RMB to 775 billion RMB, while the local budget revenue increased from 120.1 billion RMB to 278.5 billion, with average annual growth of 21.4% and 19.5%, respectively. Shanghai x Shenzhen VS Saudi Arabia VS Southeast Asian Countries Nominal GDP (1990 2018) (Shenzhen Co-production) World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. GDP (current US$) - China, Taiwan, China, Macao SAR, China, Hong Kong SAR, China from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Hong Kong’s economy relative to China’s overall GDP has fallen from a peak of 27% in 1993 to less than 3% in 2017, noted the party mouthpiece. We expect China's real GDP to expand by 8.5% in 2021, from 2.3% growth in 2020, underpinned by fiscal support for infrastructure, healthcare and consumption. Shenzhen was the first to kick off, officially announced in 1980. > China vs Taiwan > Shenzhen vs Taipei. Four international agencies including WB, EIU, IMF, and UN give forecasts with the GDP Growth declining after 2018. Communist Beijing was happy to keep it that way for fear its proximity to the freewheeling capitalist colony of Hong Kong made it a security threat. GDP in Taiwan averaged 306.12 USD Billion from 1980 until 2019, reaching an all time high of 610.70 USD Billion in 2019 and a record low of 42.30 USD Billion in 1980. Guangdong is located in southern China, bordering on Fujian Province to the east, Hunan Province to the north, Guangxi Autonomous Region to the west and the special administrative regions of Hong Kong and Macau to the south. It is the eighth largest in … Find Out As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports). GDP in Taiwan increased to 610.70 USD Billion in 2019 from 608.10 USD Billion in 2018. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. To reflect the differences in the cost of living and inflation rates, we show the GDP at purchasing power parity (PPP). Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. You would need around 25,115.22¥ (108,208.83NT$) in Taipei to maintain the same standard of life that you can have with 21,000.00 ¥ in Shenzhen (assuming you rent in both cities). Index Shenzhen Taipei; Pollution Index: 62.17: 48.77: Pollution Exp Scale: 108.81: 82.28: Air pollution data from World Health Organization; Shenzhen