Year Founded: 1912
It is mostly referred to as Taiwan internationally, and this calendar consistently uses the term “Taiwan.”
An export-oriented country, 70% of the country’s GDP comes from exports, of which the semiconductor and manufacturing industry contribute the most. It is now one of the top 21 largest economies in the world. In 2021, the GDP per capita is forecasted to be US$32,000, ranking No.27 in the world. Taiwan is ranked as the most democratic country in Asia and No.11 in the world by the Economist. Due to the long-term Chinese military threat, the country has the fifth highest proportion of military personnel in the world (78 military personnel per 1,000 people according to 2018 statistics).
As of July 2021, 15 countries and one entity with limited recognition have established diplomatic relations with Taiwan. Taiwan also set up cultural and economic offices or liaison offices in various countries around the world. As of the third quarter of 2021, Taiwan passports were ranked as 31st most powerful by the Passport Index as it provides its holders visa-free access to 146 countries.