Can Investments Help You Beat Inflation as Taiwan’s Economy Thrives but Salary Growth Lags?

Last December, the US financial magazine “Global Finance” announced the global wealth ranking for 2023. Taiwan ranked 14th, with a per capita GDP of approximately $73,344 (about NT$2.28 million). This data not only surpasses Japan and South Korea but also outperforms most Western countries, including the United Kingdom, Germany, France, the Netherlands, Canada, Israel, and Belgium. In fact, this is based on another weighted economic indicator, “per capita GDP (PPP)” (GDP per capita, current prices). It calculates the per capita GDP of each country by taking into account purchasing power parity (PPP), intending to offset the differences in currency values and basic living expenses among countries.