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Home > Countries > Taiwan


Taiwan has a developed capitalist economy that ranks as the 19th largest in the world by Purchasing power parity (PPP), ranks as 18th in the world by gross domestic product (GDP) at purchasing power parity per capita (person) and 24th in nominal GDP of investment and foreign trade by the Republic of China (ROC) government, which commonly referred to as Taiwan. In keeping with this trend, most large government-owned banks and industrial firms have been privatized. With the Technocracy-centered economic planning.

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  Economy of Taiwan
Currency New Taiwan dollar (NT$)
Fiscal Year 01 January - 31 December
GDP (PPP) $30,100
GDP (per capita) Nominal: $18,300 (2010)
Exports $307.0 billion (2011 est.)
Imports $279.2 billion (2011 est.)
Main Industries Electronics, communications and information technology products, petroleum refining, armaments, chemicals, textiles, iron and steel, machinery, cement, food processing, vehicles, consumer products, pharmaceuticals, Agricultural: Rice, corn, vegetables, fruit, tea; pigs, poultry, beef, milk; fish Natural: Small deposits of coal, natural gas, limestone, marble, and asbestos
Export Goods Electronics, flat panels, machinery; metals; textiles, plastics, chemicals; optical, photographic, measuring, and medical instruments (2011)
Import Goods Electronics, machinery, crude petroleum, precision instruments, organic chemicals, metals (2011) Finance
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