The current population in Taiwan is 24 million, which is equivalent to 0.31% of the total world population. The population density in Taiwan is 1,733 people / sq. mile, and 77.5% of the population is urban (18,363,359 people in 2018). The median age is 40.1 years.
GDP $ 579.3 billion (nominal; 2017). It is the world’s 22nd largest economy by nominal GDP and the 22nd largest by purchasing power parity (PPP). The country ranks 32nd in per capita GDP (nominal) at $24, 577 and in 19th per capita GDP (PPP) with $49,827 as of 2017. Click here for the U.S. Commercial Service’s Taiwan Commercial Guide.
Taiwan is ranked 15th in Ease of Doing Business ranking by the World Bank in 2018. Click here for their Taiwan fact sheet. Taiwan is one of the world’s largest suppliers of computer chips, LCD panels, DRAM computer memory, networking equipment, and consumer electronics.
TUSA (Taiwan-USA Industrial Cooperation Promotion Office) helps catalyze industrial cooperation and investment between prospective partners from Taiwan and the U.S. Services include assisting U.S. businesses set up R&D centers in Taiwan, or help Taiwan-registered U.S. companies to apply for government incentives; offer matchmaking for technology cooperation between U.S. and Taiwan companies; and furnish support to start-ups with venture capital from U.S. and Taiwan.
Taiwan based companies in Austin include 99 Ranch, 85C Bakery Café.
Austin – Taichung Relationship
The Austin – Taichung Sister City Committee focuses on art and culinary exhibitions, symposiums, and educational exchanges. Taichung is a growing city near the famous Sun Moon Lake, and has a rich cultural scene. It is home to 9 universities and the Central Taiwan Science Park, which focuses on nanoscience and nanotechnology.