![]() Taipei, the capital city and financial centre of Taiwan | |
Currency | New Taiwan dollar (TWD) |
---|---|
Calendar year | |
Trade organizations | WTO, APEC and ICC |
Country group | |
Statistics | |
Population | ![]() |
GDP | |
GDP rank | |
GDP growth | |
GDP per capita | |
GDP per capita rank | |
GDP by sector |
|
3% (July 2022 est.)[7] | |
Population below poverty line | 1.5% (2012 est.)[6] |
33.6 medium (2014)[6] | |
![]() | |
Labor force | 15 million (2022 est.)[6] |
Labor force by occupation |
|
Unemployment | ![]() |
Average gross salary | NT$ 45,520 US$1,407 per month (2023-07) |
NT$ 41,497 US$1,282 per month (2023-07) | |
Main industries |
|
External | |
Exports | ![]() |
Export goods | semiconductors, petrochemicals, automobile/auto parts, ships, wireless communication equipment, flat panel displays, steel, electronics, plastics, computers |
Main export partners |
|
Imports | ![]() |
Import goods | oil/petroleum, semiconductors, natural gas, coal, steel, computers, wireless communication equipment, automobiles, fine chemicals, textiles |
Main import partners |
|
FDI stock | |
![]() | |
Gross external debt | ![]() |
Public finances | |
![]() | |
−0.2% (of GDP) (2022 est.)[6] | |
Revenues | 91.62 billion (2017 est.)[6] |
Expenses | 100 billion (2017 est.)[6] |
![]() | |
All values, unless otherwise stated, are in US dollars. |
The economy of Taiwan is a highly developed free-market economy. It is the 8th 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.[20] Taiwan is notable for its rapid economic development from an agriculture-based society to an industrialised, high-income country. This economic growth has been described as the Taiwan Miracle. It is gauged in the high-income economies group by the World Bank.[21] Taiwan is one of the most technologically advanced computer microchip and high-tech electronics industries makers in the world.[22][23][24]
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