Taiwan is seen as a high-income economy and emerging financial market; it’s at the forefront of the world in producing high tech products. Levels of unemployment and inflation are low and the trade surplus is substantial; with foreign reserves are the world’s fourth largest. The contribution of agriculture to GDP is now down to less than 10% in the last over 50 years. Taiwan is an island and borders China, Philippines and Japan China by sea.
Official Name (Local Language) | Semi-Presidential Republic | Capital | Taipei | Population | 23,464,787 | Currency | Taiwan Dollar | GDP | $519.1 billion | Languages | Chinese (Mandarin) | Telephone Dial In | 886 |
Country
Trade
%
Export product
Number
%
Product list
1.8%
Rice, vegetables, fruit, tea, flowers; pigs, poultry; fish
%
Industry list
35%
Electronics, communications and information technology products, petroleum refining, chemicals, textiles, iron and steel, machinery, cement, food processing, vehicles, consumer products, pharmaceuticals
%
Services list
63.2%
NA
Taiwan is seen as a high-income economy and emerging financial market; it’s at the forefront of the world in producing high tech products. Levels of unemployment and inflation are low and the trade surplus is substantial; with foreign reserves are the world’s fourth largest. The contribution of agriculture to GDP is now down to less than 10% in the last over 50 years. Taiwan is an island and borders China, Philippines and Japan China by sea.
Trade is set to grow due to the agreement that was recently signed, the Economic Cooperation Framework Agreement with China.
https://www.taiwan.gov.tw/
https://countryeconomy.com/ratings/taiwan
Central Bank of the Republic of China
32.85
0,04
1.5%
1.4%
1.38%
$519.1 billion
$49,500
Taiwan Dollar
TWD
High Income
14/138
29/180
13/190
35/136