TAIPEI (TVBS News) — Taiwan's net financial assets have gained global recognition, with the Allianz Global Wealth Report 2023, released in September, ranking Taiwan second in Asia and fifth in the world in net financial assets per capita.
According to the report, the average net worth of each Taiwanese citizen at the close of 2022 reached an impressive NT＄4.8 million, marking a historic high, trailing only behind Singapore. However, this figure remains an unattainable dream for many small families, making it challenging for them to relate to the report's findings.
During the pandemic, Taiwan's electronic component exports rose to prominence in the global supply chain, leading to a phenomenon where the rich became richer during this period, Darson Chiu, a research fellow at the Taiwan Institute of Economic Research, shared with TVBS News.
Chiu also shared that Taiwan stood out with a savings rate of mostly over 40%, in contrast to the savings rates in Western countries, which remained below 20%.
Despite Taiwan's economic growth, experts caution against potential international situations that could impact global financial markets. They emphasize the need to address challenges in this era filled with uncertainties.