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Chamber of Commerce Country Factsheet Last update: 26.05.2017

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  • Na Shi
  • Sabrina Aksil
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Key Indicators

35,980 km2
23,415,126 (July 2015 est.)
Government type
multiparty democracy
Mandarin Chinese (official), Taiwanese (Min), Hakka dialects
$1.099 trillion (2015 est.)
Growth rate
0.7% (2015 est.)



First inhabited by Austronesian people, Taiwan became home to Han immigrants beginning in the late Ming Dynasty (17th century). In 1895, military defeat forced China's Qing Dynasty to cede Taiwan to Japan, which governed Taiwan for 50 years. Taiwan came under Chinese Nationalist control after World War II. In the four years leading to the communist victory on the mainland in 1949, 2 million Nationalists fled to Taiwan and established a government under the 1947 constitution drawn up for all of China. The Nationalist government established authoritarian rule under martial law in 1948. Beginning in the late 1970s, the ruling authorities gradually democratized and incorporated the local population within the governing structure. This process expanded rapidly in the 1980s, with the founding of the first opposition party (the Democratic Progressive Party or DPP) in 1986 and the lifting of martial law in 1987. Taiwan held its first direct presidential election in 1996. In 2000, Taiwan underwent its first peaceful transfer of power from the Nationalist Party (Kuomintang or KMT) to the DPP. Throughout this period, the island prospered and became one of East Asia's economic "Tigers." The dominant political issues continue to be management of sensitive relations between Taiwan and China - specifically the question of Taiwan's eventual status - as well as domestic priorities for economic reform and growth.

Source: The CIA World Factbook - Taiwan


Macroeconomic indicators

IMF Statistics:

Subject descriptor20142015201620172018
Gross domestic product, constant prices
Percent change
Gross domestic product, current prices
U.S. dollars (Billions)
Gross domestic product per capita, current prices
U.S. dollars (Units)
Inflation, average consumer prices
Percent change
Volume of imports of goods and services
Percent change
Volume of exports of goods and services
Percent change
Unemployment rate
Percent of total labor force
Current account balance
U.S. dollars (Billions)
Current account balance
Percent of GDP
Colored cells are estimates



Luxembourg and the country

Existing conventions and agreements

Non double taxation agreement 

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

  • Convention from 19.12.2011 (Memorial 2014, A. p. 1770)
  • Effective as of 01.01.2015

Air Services agreement


Source: Administration des contributions directes


Further information

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in Taiwan

Luxembourg Trade and Investment Office

Hugues MIGNOT, Executive Director
Sophie LIAO, Assistant

5, Alley 8, Lane 201
Qi-Yen Road
Taipei City 11242
Tel: +886 2 2891 6647
Fax: +886 2 2894 8314

Email: hmignot(at) / assistant(at)


Economic and Commercial Attaché (AWEX):   

M. Michele DECAUX
Suite 601, Worldwide House
131 Min-Sheng East Road, Sec. 3
Tel: +886 2 27 15 12 15 ext 206
Fax: +27 12 62 58/886 2 25 47 48 30
E-mail: taipei(at) 

Conseiller du Commerce extérieur



12F-7, 232 Cheng-Kung 
1er Road 
Kaohsiung 802, Taiwan

Tél.: (+886) 7 33 93 309 
Fax: (+886) 7 33 00 065 
E-mail: pwtaiwan(at)

Luxembourg Trade and Investment Office

5, Alley 8, Lane 201
Qi-Yen Road
Taipei City 11242
Tel: +886 2 2891 6647
Fax: +886 2 2894 8314


Country risk as defined by Office du Ducroire for Taiwan

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link: Ducroire Office - Country Risk for Taiwan

Other useful links