With a population of 23 million people, Taiwan has evolved to become a highly-developed, dynamic, and globally-competitive economy. In 2014, Taiwan’s gross domestic product (GDP) on a purchasing power parity (PPP) basis was $1.0 trillion, making it the world’s 22nd largest economy. Its per capita GDP on a PPP basis (a common measurement of living standards) was $43,540,18% greater than Japan’s and about 80% that of the United States. Taiwan is the world’s 18th largest merchandise exporter (at $322 billion) and the 17th largest merchandise importer (at $273 billion). The World Economic Forum’s 2014-2015 Global Competitive Index, which assesses the competitiveness of 144 economies, based on factors that determine productivity growth, ranked Taiwan 14th (the United States ranked third).
Date of Report: July 14, 2015
Order Number: IF10256
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