Insider Monkey, a financial website, has revealed a list of the "20 richest countries in the world" based on the International Monetary Fund's (IMF) "per capita GDP" statistics and the "Purchasing Power Parity" (PPP) computation. With US$73,344, Taiwan placed 12th, higher than the Netherlands, Germany, Australia, and other nations.
Taiwan is ranked 12th out of the 20 richest countries in the world, higher than countries like Germany and Australia.Photo reproduced from Pixabay
Singapore, Luxembourg, Qatar, the Republic of Ireland, the United Arab Emirates, Switzerland, Norway, the United States, the Republic of San Marino, and Brunei rank first and tenth, respectively, in the rating that is included in this study. Australia, Germany, Sweden, Belgium, Denmark, Taiwan, the Netherlands, Iceland, Austria, and Andorra are ranked 11th through 20th.
Despite not being acknowledged as an independent country by the globe, Taiwan is nonetheless a major economic force and is vital to the worldwide supply chain for consumer electronics, as the study makes clear. Taiwan is home to a number of significant electronics businesses as well as TSMC, the largest chip foundry maker in the world.
