Taiwan, an island economy with a population of about 23 million, has secured a significant position on the global economic stage.

Taiwan, with a population of approximately 23 million, is a highly developed island economy.

Its strong technology industry, solid manufacturing base, and active service sector have secured its place in the global economy.

In 2021, Taiwan's Gross Domestic Product (GDP) reached about $830 billion.

How would this achievement compare within the economic framework of mainland China?

This article provides a detailed analysis of Taiwan's economic strength and its position in the economic landscape of mainland China through comprehensive data and in-depth comparisons.

Comparison of Total GDP and Per Capita GDP

From the perspective of total GDP, if Taiwan's $830 billion were to be included among the provinces of mainland China, based on 2021 data, Taiwan's GDP would rank fifth, following Guangdong, Jiangsu, Shandong, and Zhejiang, and surpassing Henan.

This ranking clearly demonstrates Taiwan's exceptional economic output capability despite its limited geographical area.

To fully assess the economic strength of a region, per capita GDP is an important indicator.

Taiwan's per capita GDP is approximately $36,000 (based on a population of 23 million), significantly higher than the average level of mainland China.

In 2021, mainland China's per capita GDP was about $12,700.

Thus, Taiwan's per capita economic output is about 2.8 times the average level of mainland China, showcasing its high-efficiency economic development and relatively affluent standard of living.

Economic Structure and Industry Characteristics

A major highlight of Taiwan's economy is its high-tech industry, particularly its global leadership in the semiconductor and electronic manufacturing fields.

TSMC, as the world's largest chip foundry, has significant influence on the global supply chain.

In contrast, although mainland China has a vast overall economic scale, it is still catching up in some high-end technology fields.

This advantage of Taiwan makes it an indispensable player in the global information technology industry chain, reflecting the importance of its economic quality.

Balance Between the Service and Manufacturing Sectors

The proportion of the service sector in Taiwan's GDP is relatively high, aligning with the economic transformation trend of mainland China.

Despite Taiwan's solid manufacturing base, its service sector, including finance, tourism, cultural and creative industries, is also developing rapidly.

This aligns with mainland China's recent policy direction of upgrading the service industry and expanding domestic demand.

Taiwan's experience provides valuable references for mainland China in maintaining manufacturing advantages while improving the quality and efficiency of the service sector.

With a population of 23 million generating a GDP of $830 billion, Taiwan not only ranks among the top in total GDP compared to the provinces of mainland China but also exhibits significant advantages in per capita GDP.

This reflects its highly developed economic structure and efficient production model.

Taiwan's success in a modern economic system dominated by high-tech manufacturing and the service industry offers valuable insights for the economic transformation and upgrading of mainland China.

Although Taiwan's economic scale cannot compare to the vast market of mainland China, its global competitiveness in specific fields and path of high-quality development undoubtedly add a bright color to the economic landscape of China.