Statistical Analysis
The economic growth rate was 10.7% in 2010, higher than 2009’s -1.8%. Gross capital formation and consumption of fixed capital increased by 40.6% and 3.0% to NT$3.1 trillions and NT$3.0 trillions compared with 2009. Consumer, wholesale and import prices rose by 1.0%, 5.5% and 7.0% respectively. The year-end stock index 8,973 increased 785 points or 9.6%, compared with 8,188 at the end of 2009.
I. Gross and Net National Wealth
(A) 2010 gross national wealth NT$174.6 trillions and net national wealth NT$136.9 trillions：
At the end of 2010, the gross national wealth (sum of physical assets and net foreign assets) was NT$174.6 trillions and the net national wealth (after deducting depreciation) was NT$136.9 trillions. In the composition of gross national wealth, land (evaluated at the government announced current land value) ranked first at 41.0%, buildings & constructions 23.2% the second, and machinery equipment 12.7% the third. As for net national wealth (land, stocks and net foreign assets were not listed for depreciation), land ranked the first at 52.3%, followed with buildings & constructions 19.5%, then net foreign assets 14.3%.
(B) Gross national wealth increased NT$9.5 trillions from end of 2009 to end of 2010：
Gross national wealth increased NT$9.5 trillions or 5.8%, net national wealth NT$7.1 trillions or 5.5% from end of 2009 to end of 2010, the second low increasing level from 2006. For the gross value of each assets, except net foreign assets, which due to the improving of world economic situation and the foreign sector increased the holding shares, decreased NT$0.1 trillion, all the others were increased, for example, land, owing to the rising of current land value government announced, increased the most by NT$5.6 trillions; buildings & constructions increased by NT$2.0 trillions due to capital formation increasing and the constructing price up; machinery equipment increased by NT$1.2 trillions.
(C) Gross national wealth by sectors, enterprises ranked first at 34.9%：
Reviewing the gross national wealth of all economic sectors, enterprises ranked first the sequential 5 years at 34.9% or NT$61.0 trillions, and households 28.3% or NT$49.4 trillions were the next. The following in order were government 23.6%, financial institutions 10.9% and non-profit institutions 2.4%. As for net national wealth, enterprises still ranked first at 29.2%, households 29.1% the second, the rest in order were government 26.0%, financial institutions 13.3% and non-profit institutions 2.4%.
(D) Productive assets took up the highest share of reproducible assets at 57.3%：
Reproducible assets (gross national wealth deducted land and net foreign assets) categorized by the functions they serve are: productive assets- assets for enterprises and financial institutions, social assets- assets for government and non-profit institutions, and households' assets- assets used by all households. Thus divided, at the end of 2010, productive assets ranked first at 57.3%, households' assets 22.8% the second and social assets 19.9% the third. Reviewing the data in these 5 years, the share of productive assets continues to rise, while households’ assets were about the opposite.
(E) Net national wealth per capita NT$5.9 millions increased by NT$0.3 million from end of 2009 to end of 2010：
With the population 23.2 millions at the end of 2010, gross national wealth per capita was NT$7.5 millions, increased 5.6% from the 2009’s NT$7.1 millions. Net national wealth per capita NT$5.9 millions, increased 5.3% or NT$0.3 million from 2009’s NT$5.6 millions.
II. Assets and Liabilities by sectors
(A) Households and non-profit institutions took up the first at 63.3% in net assets (Net national wealth plus net financial assets)：
Reviewing net assets by sectors, households and non-profit institutions took up the first at 63.3% or NT$86.6 trillions. The following in order were government 25.7%, enterprises 10.4% and financial institutions 0.6%. When land was reevaluated on market value and net assets of enterprises and financial sectors redistributed by the final ownership, the total net assets of households and non-profit institutions was NT$100.7 trillions and took up 71.8% and government was 28.2%.
(B) 2010 land value increased by NT$3.4 trillions after reevaluation：
At the end of 2010, registered land valued on government announced current land value was NT$71.6 trillions. After reevaluating the residential, commercial and industrial land (which have more market circulation and transaction values) at the urban land market value - data came from the Ministry of The Interior - land value increased by NT$3.4 trillions. Households and non-profit institutions had the most significant increase of NT$1.6 trillions or 46.3%, government NT$1.3 trillions or 38.4% was the second, and the following in order were enterprises NT$0.5 trillion or 13.7% and financial institutions NT$0.1 trillion or 1.6%.
(C) 2010 real estate took up the highest share of net households' assets at 36.2%：
At the end of 2010, the net households' assets was NT$80.5 trillions, real estate ranked first at NT$29.2 trillions or 36.2%, followed by portfolio (shares & bonds) 19.8% and time deposits & foreign currency deposits 15.4%. The debt was NT$12.7 trillions or 15.8%. After land being reevaluated by the market value, households' real estate increased to NT$30.6 trillions and took up 37.4%, and the net total assets rose up to NT$81.9 trillions.
(D) 2010 real estate increased most by NT$215 thousands in average net households assets：
At the end of 2010, due to the rise of land price and the real estate increased NT$215 thousands, the average net households assets excluding insurance reserves (land was revalued at market price) were NT$8,823 thousands, increased by NT$369 thousands or 4.4% from NT$8,455 thousands of 2009. Shares, caused by the recovery of stock markets, increased by NT$123 thousands; cash and deposits increased NT$84 thousands. In financial liabilities, loans increased 60 thousands. Because of the popularization of insurance, average net households assets with life insurance and pension fund reserves was NT$10,325 thousands, increased by NT$530 thousands from the end of 2009.