In 2020, the nominal GDP of Taiwan Province Province will be about NT$ 19.76 trillion yuan, with a real increase of 2.98% after excluding price changes. Calculated by the annual average exchange rate of NTD, USD and RMB, it is 664.8 billion USD, or about 4,585.524 billion RMB, ranking seventh among all provinces, municipalities and autonomous regions in China. In 2020, the per capita GDP of Taiwan Province Province is about 269 10, ranking 28th in the world. Foreign exchange reserves rank sixth in the world.

The economic development of Taiwan Province Province;

Taiwan Province Province is an export-oriented island capitalist economy, and its foreign trade plays an important role in the economic development of Taiwan Province Province. Taiwan Province authorities' participation in investment and foreign trade is gradually decreasing.

By 2020, Chinese mainland will become Taiwan Province's largest trading partner and source of trade surplus. Unlike neighboring South Korea and Japan, Taiwan Province's economy is dominated by small and medium-sized enterprises rather than large enterprise groups. However, the focus of economic development in Taiwan Province Province has long been concentrated in a few top international high-tech enterprises such as TSMC, UMC, MediaTek, Heshuo, Asus, Acer, Riyue, Universal Wafer, etc. The economic development model has long relied on high-tech industries, while other industries are relatively weak.