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Taiwan has a highly developed free-market economy. It is the 22nd-largest in the world by nominal GDP and 20th-largest by purchasing power parity. Its GDP per capita (PPP) ranks highly at 11th in the world, while its nominal GDP per capita is 32nd in the world. This large purchasing power parity adjustment has been attributed to Taiwan's localized supply chains, relatively low cost of living, and in particular to accusations that the New Taiwan Dollar is systemically undervalued through currency interventions, although the Central Bank of Taiwan has denied these claims. Taiwan is included in the advanced economies group by the International Monetary Fund, and in the high-income economies group by the World Bank.
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Search interest data over the past 12 months indicates that this topic periodically attracts global attention. Sudden spikes often correlate with major news events, public statements, or geopolitical developments.