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If you are an entrepreneur or small to medium sized business, these pages will provide you with a range of information you need to do business in Taiwan.
Need professional advice?
Potential investors are advised to consult one of our professional services member firms at an early stage as they will be able to ensure that all relevant matters are identified.
| Taiwan Fast Facts |
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| GDP (PPP) |
US$690.4 billion |
| GDP per head (PPP) |
US$29,800 |
| GDP real growth rate |
5.5% |
| Inflation |
1.8% |
| Local currency |
New Taiwan Dollar (NT$) (100 cents = 1 NT$) |
| Exchange rate |
32.84TWD : 1 US$ |
| Capital city |
Taipei |
| Population |
22,940,946 |
| Area size |
36,188 sq. kilometres |
| Top import sources |
Japan 21%, China 12.7%, US 12.2%, South Korea 7.1%, Saudi Arabia 4.6% |
| Top export markets |
China 24%, Hong Kong 15%, US 13.4%, Japan 6.7% |
| Unemployment rate |
3.9% |
All figures as of 2007 unless stated.
Taiwan economy
When the Kuomintang (KMT) government arrived from the mainland in 1949, Taiwan was an agrarian economy based on sugar and rice. Rapid industrial development in the 1950s was followed by an export-oriented boom in cheap manufactures in the 1960s and 1970s. In the 1980s, a time of rising wages and a strengthening currency, Taiwan began to focus more on capital- and technology-intensive industries, in particular electrical goods and chemicals. Since the mid-1980s the manufacturing sector's share of GDP has fallen from one-half to almost one-quart
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