Source
Central bank

Central Bank of the Republic of China (Taiwan)

International Reserves

USD 426.7 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 535.5 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 1,168.8 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
5.6% 6.5% 0.7% -1.6% 10.6% 3.8% 2.1%
2013 2014 2015 2016* 2017*    
2.2% 3.9% 0.7% 1% 1.7%    

*Estimate

GDP per capita - current prices

USD 22,683.7 (2017, estimate)

GDP per capita - PPP

Intl$ 49,505.2 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.52% 0.79% 0.97% 0.98% 0.9%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 1.8% 
  • industry: 36.1% 
  • services: 62.1%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
0.8% 1.2% -0.3% 1.1% 1.1%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
4.2% 4.0% 3.8% 3.9% 4.0%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
39% 37.9% 36.5% 35.7% 34.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-3.2% -2.7% -1.8% -1.6% -1.3%

*Estimate   

Government bond ratings

Standard & Poor's: AA-

Moody'S: Aa3

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

Hon Hai Precision, Taiwan Semiconductor, Fubon Financial, Cathay Financial, Formosa Petrochemical, Chinatrust Financial, Chunghwa Telecom, Nan Ya Plastics, Formosa Chemicals, Mega Financial Holding, Quanta Computer, Formosa Plastics, Pegatron, Uni-President, Mediatek, Advanced Semiconductor, China Steel, Asustek Computer, Delta Electronics, First Financial Holding, Shin Kong Financial, Taiwan Cooperative Financial, Hua Nan Financial, E.Sun Financial, Taishin Financial Holdings, China Life Insurance (Taiwan), Chang Hwa Bank, Shanghai Commercial & Savings Bank, LARGAN Precision, Innolux, Compal Electronics, SinoPac Financial, Yuanta Financial Holding, Taiwan Mobile, Taiwan High Speed Rail, AU Optronics, Mercuries & Associates, Wistron, WPG Holdings, Far Eastern New Century, Taiwan Business Bank, Catcher Technology, President Chain Store, Inventec, Inotera Memories, China Development Financial, Pou Chen.

 
 
Source
Current account balance

USD 76.9 billion (2017 estimate)

Current account balance by percentage of GDP

14.4% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

N/A

Shares in world total merchandising export

N/A

Shares in world total commercial services export

N/A

Total exports

USD 314.8 billion (2016 estimate)

Export commodities

Semiconductors, petrochemicals, automobile/auto parts, ships, wireless communication equipment, flat display displays, steel, electronics, plastics, computers

Total imports

USD 248.7 billion (2016 estimate)

 
 
Source
Import commodities

Oil/petroleum, semiconductors, natural gas, coal, steel, computers, wireless communication equipment, automobiles, fine chemicals, textiles

Exports - major partners

China 27.1%, Hong Kong 13.2%, US 10.3%, Japan 6.4%, Singapore 4.4% (2012 estimate)

Imports - major partners

Japan 17.6%, China 16.1%, US 9.5% (2012 estimate)

FDI inflows
2013 2014 2015
USD 3,598 million USD 2,839 million USD 2,415 million
FDI outflows
2013 2014 2015
USD 14,285 million USD 12,711 million USD 14,773 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 2221.2 million USD 76.2 million USD 1533.8 million USD 2861.1 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

(for a monthly update on M&A; click here )

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

(for a monthly update on M&A; click here )

Best countries for doing business

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: 11 out of 190 countries (2017)

Subcategories:

Starting a business: 19 out of 190 countries

Enforcing Contracts: 14 out of 190 countries

Registering Property: 17 out of 190 countries

Getting Credit: 62 out of 190 countries

Protecting Minority Investors: 22 out of 190 countries

Trading Across Borders: 68 out of 190 countries

Paying Taxes: 30 out of 190 countries

Dealing with Construction Permits: 3 out of 190 countries

Getting Electricity: 2 out of 190 countries

Resolving Insolvency: 22 out of 190 countries

Global competitiveness ranking

14 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 14 / Score: 74.74 (Mostly free) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+8

Total area

35,980 sq km

Capital

Taipei

Currency

New Taiwan dollars (TWD)

Government type

Semi-presidential republic

Languages

Mandarin Chinese (official), Taiwanese (Min), Hakka dialects

Religions

 Mixture of Buddhist and Taoist 93%, Christian 4.5%, other 2.5%

Total population
1990 2000 2010 2016* 2021*
20.401 million 22.277 million 23.162 million 23.551 million 23.845 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
N/A N/A N/A N/A
Population median age

40.2 years (2016 estimate)

Population growth rate

0.2% (2016 estimate)

Life expectancy

80.1 years (2016 estimate)

Literacy

Total population: 98.5%
Male: 99.7%
Female: 97.3% (2014 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2017)                         

(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed 59.69%   Mobile 127.30% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

78.04% (2015)

Mercer Cost of living index

Taipei: 43rd (2016)

CO2 emissions

N/A

World's Best Developed & Emerging Markets Banks

World's Best Internet Banks

World’s Best Treasury & Cash Management Providers

Safest Emerging Markets Banks

World's Best Subcustodian Banks

World’s Best Investment Banks

World's Safest

World’s Best Foreign Exchange Providers

World's Best Banks By Region

World's Best Banks

2013

World’s Best Trade Finance Banks

Best of…

World's Biggest Banks

Additional Awards