As a member of international organizations such as the WTO and APEC, Taiwan offers a high level of economic freedom and provides protection for property rights in accordance with international standards. According to the "2025 Index of Economic Freedom" published by the U.S. Heritage Foundation, Taiwan ranked 4th among the 184 economies across the world, its best results first publication of the index. Taiwan has made significant improvements in "government integrity", which shows that Taiwan's government has received recognition of the international community for the results of the free and open economy, an ethical and able government, and improved legal system.
Taiwan is currently a member of several international economic organizations, including the World Trade Organization (WTO), the Asia-Pacific Economic Cooperation (APEC) group and the Asian Development Bank (ADB). Taiwan engages in frequent trade and exchange with over 140 countries worldwide. As the global economy becomes freer and undergoes rapid development, Taiwan is constantly adjusting its industrial strategies, easing regulations and removing investment restrictions. As it strengthens intellectual property rights protection regulations, Taiwan moves in line with international trends.
Taiwan''s overall trade performance remains stable. In the "2025 Index of Economic Freedom", compiled by the Heritage Foundation, United States, Taiwan ranked fourth among the 184 economic entities covered and two in the Asia-Pacific area, trailing only Singapore. Whether in terms of business freedom or trade freedom, Taiwan''s performance was excellent.
At the end of February of 2024, Taiwan''s foreign exchange reserves stood at US$ 569.42 billion. Taiwan’s savings rate was 37.75% in 2023. At the end of 2023, assets of the financial and insurance industries amounted to NT$ 119.90 trillion. Gross output of the financial and insurance industries was NT$ 1.51 trillion, accounting for 6.47% of GDP. Companies in the banking, securities, and insurance industries are financially sound, and have enjoyed steadily increasing profits, with pre-tax net profits of NT$ 505.7 billion, NT$ 99.8 billion, and NT$ 98.1 billion respectively in 2023, demonstrating the increasing maturity of Taiwan''s financial market.
Taiwan retains an immense current account surplus that can absorb the impact of the outflow of capital and reduce risks of confidence crises. The economic decline has given birth to the next wave of growth. Taiwan's economy is relatively healthier than other emerging countries and its banking system has abundant funds. New momentum for growth is expected after short-term corrections in the economy.
Taiwan's advantages in innovation and manufacturing and the expansion of Taiwanese businesses'''''''' supply chain in Asia makes it a platform for multinational corporations to enter Mainland China and emerging Asia-Pacific markets, and from there, expand across the globe. The following advantages have helped Taiwan become a financing center in Asia Pacific:
For more information, please refer to the websites of the Banking Bureau and Securities and Futures Bureau of the Financial Supervisory Commission, Taiwan Stock Exchange Corporation (TWSE), Taxation Administration, Ministry of Finance, and the Central Bank.
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