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Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Taiwan economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Taiwan best banks and safest banks are also available.
COUNTRY REPORT | TAIWAN
Taiwan’s bright fundamentals are underpinned by a revival in both export and import demand, but could a housing bubble be on the horizon?
Central Bank of the Republic of China (Taiwan)
Intl$ 1,251.5 billion (2018, estimate)
2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
6.5% | 0.7% | -1.6% | 10.6% | 3.8% | 2.1% | 2.2% |
2014 | 2015 | 2016 | 2017 | 2018* | ||
4% | 0.8% | 1.5% | 3.1% | 2.6% |
*Estimate
1980 | 1990 | 2000 | 2010 | 2019* |
0.52% | 0.79% | 0.97% | 0.98% | 0.92% |
*Estimate
(2017 estimate)
3.3% (2017)
2015 | 2016 | 2017 | 2018* | 2019* |
-0.6% | 1% | 1.1% | 1.5% | 0.8% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
3.8% | 3.9% | 3.8% | 3.7% | 3.8% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
36.6% | 36.2% | 35.5% | 35.1% | 33.6% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
-1.8% | -2.2% | -2% | -1.9% | -1.3% |
*Estimate
Standard & Poor's: AA-
Moody'S: Aa3
Standard & Poor's / Moody's
2016 | 2017 | 2018 |
N/A | N/A | N/A |
Hon Hai Precision, Taiwan Semiconductor, Cathay Financial, Fubon Financial, CTBC Financial, Formosa Petrochemical, Formosa Chemicals, Nan Ya Plastics, Formosa Plastics, China Steel, Chunghwa Telecom, Mega Financial Holding, ASE Technology Holding, Hua Nan Financial, LARGAN Precision, Shanghai Commercial & Savings Bank, Compal Electronics, Chang Hwa Bank, Taishin Financial Holdings, Wistron, Far Eastern New Century, Mercuries & Associates, Taiwan Business Bank, WPG Holdings, SinoPac Financial, Inventec, President Chain Store, Nanya Technology, Yageo Corporation, AU Optronics, Innolux, Synnex Technology Intl, Catcher Technology, Asustek Computer, Taiwan Cement, Quanta Computer, Uni-President, Shin Kong Financial, MediaTek, First Financial Holding, E.Sun Financial, Taiwan Cooperative Financial, China Development Financial, Pegatron, Yuanta Financial Holding, Delta Electronics, China Life Insurance (Taiwan)
12.2 % (2018 estimate)
N/A
N/1.72% (2018)
0.87% (2018)
Semiconductors, petrochemicals, automobile/auto parts, ships, wireless communication equipment, flat display displays, steel, electronics, plastics, computers
Oil/petroleum, semiconductors, natural gas, coal, steel, computers, wireless communication equipment, automobiles, fine chemicals, textiles
2016 | 2017 | 2018 |
USD 9,261 million | USD 3,291 million | USD 6,998 million |
2016 | 2017 | 2018 |
USD 17,946 million | USD 11,552 million | USD 18,024 million |
2015 | 2016 | 2017 | 2018 |
USD 4,407 million | USD 5,494 million | USD 101 million | USD 203 million |
N/A
(for a monthly update on M&A; click here )
N/A
(for a monthly update on M&A; click here )
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 1
5 out of 190 countries
Subcategories:
Starting a Business: 21 out of 190 countries
Dealing with Construction Permits: 6 out of 190 countries
Getting Electricity: 9 out of 190 countries
Registering Property: 20 out of 190 countries
Getting Credit: 104 out of 190 countries
Protecting Minority Investors: 21 out of 190 countries
Paying Taxes: 39 out of 190 countries
Trading across Borders: 61 out of 190 countries
Enforcing Contracts: 11 out of 190 countries
Resolving Insolvency: 23 out of 190 countries
12 out of 141 countries(2019)
Ranking: 10 / Score: 77.3 (Mostly free)
(100=totally free 0=totally repressed)
Mandarin Chinese (official), Taiwanese (Min Nan), Hakka dialects, approximately 16 indigenous languages
Buddhist 35.3%, Taoist 33.2%, Christian 3.9%, folk (includes Confucian) approximately 10%, none or unspecified 18.2% (2005 est.)
1990 | 2000 | 2010 | 2015 | 2020* |
20.40 million | 22.28 million | 23.16 million | 23.49 million | 23.62 million |
*Estimate
1960 | 1980 | 2000 | 2018 |
N/A | N/A | N/A | N/A |
Total population: 98.5%
Male: 99.7%
Female: 97.3%
Definition: age 15 and over can read and write (2014 est.)
Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 55.5%
Mobile: 123.7%
(2018)
(fixed-telephone subscribers and mobile-cellular subscribers)