Taiwan ranks 21st on list of richest nations

01-Mar-2012 Intellasia | China Post | 7:01 AM Print This Post

Taiwan was ranked as the 21st richest nation in the world, ahead of both Japan and South Korea, although trailing behind Singapore in Asia, according to a survey by the Forbes magazine.

Employing the 2010 gross domestic product (GDP) figures, the most recent International Monetary Fund data available, and the purchasing-power parity (PPP), the Forbes put the wealth of Taiwan at US35,604 (about NT$1.05 million) on a per capita basis and assigned it the 21st spot in the world ranking.

Taiwan moved up from the 25th place in 2009 when the per capita income stood at $31,802 gauged by PPP.

For the 2010 ranking, Taiwan fared better than Japan which was given the 25th spot and Korea at the 27th. Mainland China was placed at the distant 95th spot.

Taiwan was also ahead of some leading industrialised European nations like Britain (the 22nd place), France (the 24th), Spain (the 28th), and Italy (the 30th) for 2010.

However, Taiwan ranked after Singapore which was given the overall third place with a GDP (PPP) per capita at a far higher level of nearly $56,700.

The Forbes placed oil-rich Qatar in the number one position and the UAE in the sixth spot due to increased revenues on rising crude oil prices on the world market.



Category: Taiwan

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