According to the latest data from the International Monetary Fund, Taiwan’s GDP per capita has reached US$37,830, surpassing South Korea for the first time in more than two decades. Taiwan per capita GDP is now the fourth highest in East Asia, trailing only the city-economies of Singapore, Macau and Hong Kong.
00:00Taiwan's GDP per capita is now the fourth highest in East Asia, according to data from the International Monetary Fund.
00:09Taiwan's per capita GDP reached nearly 38,000 US dollars, surpassing South Korea for the first time in more than two decades.
00:18It's also the highest among East Asian countries outside the city economies of Singapore, Macau and Hong Kong.
00:25The new ranking comes off the back of massive demand for AI hardware.
00:30Economists warned that Taiwan's economic growth is highly concentrated in tech and electronics manufacturing, with other traditional export industries seeing downturns.
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