Official Name: Taiwan
Sovereign Status: Disputed
Government Type: Semi-Presidential Republic
Official Name (Local Language): Republic of China
ISO Country Codes: TW : TWN
Internet Domain: .tw
Government Web Site: https://www.taiwan.gov.tw/
Capital: Taipei Main Airports: Taoyun Airport
Language(s): Mandarin;Taiwanese Population: 23,572,052
Currency: Taiwan Dollar ISO Currency Code: TWD
Telephone Dial In: +886 ID Prefix: 002

Political & Cultural Organisations:


Government Website: https://www.taiwan.gov.tw/
Sovereign Ratings: https://countryeconomy.com/ratings/taiwan
Central Bank: Central Bank of the Republic of China
Currency USD Exchange Rate: 28.211 Taiwan dollars (TWD) per US dollar (2020 est.)
Unemployment Rate: 3.73% (2019 est.)
Population below poverty line: 1.5% (2012 est.)
Inflation Rate: 0.5% (2019 est.)
Prime Lending Rate: 2.44% (Dec-20 - TradingEconomics)
GDP: $611.391 billion
GDP Pro Capita (PPP): $24,502 (2018 est.)
Currency Name: Taiwan Dollar
Currency Code: TWD
World Bank Classification: High Income

GDP Composition:

Agriculture: 1.8% rice, vegetables, fruit, tea, flowers; pigs, poultry; fish
Industry: 35% electronics, communications and information technology products, petroleum refining, chemicals, textiles, iron and steel, machinery, cement, food processing, vehicles, consumer products, pharmaceuticals
Services: 63.2%

Source: Central Intelligence Agency Factbook

Financial & Economic Organisations:

Financial & Economic Profiles:

Financial Exchanges:

National Statistics Office:


Subject to Country Specific Sanctions? NO

Business Language(s): Chinese (Mandarin); English
Customs & Excise: Ministry of Finance
Development Bank(s): Asian Development Bank;
National Standards Bureau: Bureau of Standards, Metrology & Inspection
Competitive Ind’l Performance: 12/141 (2019) Corruption Perceptions Index: 28/180 (2020)
Ease of Doing Business: 15/190 (2019) Enabling Trade Index: 35/136 (2016)
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Export Promotion Agency: Bureau of Foreign Trade ; Taiwan External Trade Development Council ; Investment Agency: Invest Taiwan ;


$308.744 billion (2019 est.)

Main Imports:

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


$388.49 billion (2019 est.)

Main Exports:

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

Top Export Partners:

China 27.1%

Hong Kong 13.2%

US 10.3%

Japan 6.4%

Singapore 4.4%

Top Import Partners:

Japan 17.6%

China 16.1%

US 9.5%

Source: Central Intelligence Agency Factbook

Regional Trade Agreements & Organisations: