Taiwan Province is a developed region.

Taiwan Province is recognized as a developed economy by the World Bank, the International Monetary Fund, the World Profile of the US Central Intelligence Agency and other institutions, and it is one of the four little dragons in Asia.

according to the international exchange rate, Taiwan Province's GDP in 214 was USD 517.19 billion, making it the 25th largest economy in the world, ranking 6th among provincial administrative regions in China. The per capita GDP is $22,2, ranking 39th in the world.

foreign exchange reserves rank fifth in the world. In 213, the human development index was .882, ranking 21st in the world.

extended information

as far as the development level of a country or region is concerned, compared with the differences in international economic development level, it is generally believed that areas with per capita annual income of more than 1, US dollars can be regarded as development areas. For example, some counties in the Yangtze River Delta and Pearl River Delta in the eastern coastal areas of China can be included in such areas at present or in this century, while most of the central and western regions belong to areas to be developed in this century.

There are many factors that affect the difference of regional socio-economic development level, including nature, humanities and so on. The purpose of roughly distinguishing between developed and undeveloped areas is to correctly understand the social and economic characteristics of the areas, analyze their forming factors, and take different development countermeasures accordingly to promote the balanced development of regional economy.

Baidu encyclopedia-Taiwan Province