News Snapshot:
Subchapters: - Basic data - Public finances and the state budget - Banking system - Tax system Basic data Even during the global coronavirus pandemic, Taiwan is showing unprecedented economic growth, 5.7% in 2021, and growth of 3.2% is calculated for 2022, or 2.3% for 2023. The growth potential lies mainly in the orientation of the Taiwanese economy towards consumer electronics and ICT in general and increased global demand in this sector. Unemployment hovered at 4.4% in 2021 and inflation rose to 2%. GDP per capita rose to 64,240 USD. The current account of the country’s balance of payments has...
