23.2 Million(Ref1)
36.193 Km2
3.05 (2023forecast)(Ref2)
USD 34,485 (2023 est.)
USD 399.3 (Oct 2022, -0.5 % YoY)(Ref4)
USD 369.5 (Oct 2022, 8.2% YoY) Ref4
3.66% (Sep, 2022)(Ref2)
+2.72% YoY(Ref3)
5.00%
Mandarin (Chinese), Holo (Taiwanese), Hakka
New Taiwanese Dollars
GMT+8
+886
Technology is one of key drivers for economic growth for Taiwan from 2021-2024. In 2020, Taiwan faced the challenges of post COVID of global economy and the accelerated reorganization of supply chains. Driving the global economy from 2021-2024, Taiwan is focused in “Six Core Strategic Industries” in order to maintain stable growth by capturing new business opportunity.
Six Core Strategic Industries: Information and digital industries, cybersecurity, industry, biotech and medical technology, national defense and strategic industries, the development of green energy and renewable energy industries & strategic stockpile industries.
The government provides ongoing efforts, such as easing regulatory, optimizing Taiwan’s startup ecosystem, forging-digital nation & smart island to support the companies in order to enhance the strategic positioning of Taiwan during the post COVID-19 world.
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