5 Most Respected Countries in Asia

2. Taiwan

Human Development Index: 0.926

Human Rights Index: 0.930

Average Index: 0.928

Taiwan ranks 2nd on our list, reporting an HSI of 0.926, according to Taiwan’s Statistical Bureau. The country reported a GDP per capita of $72,490 in 2023 and a GDP growth of 0.8%.

Taiwan boasts a highly developed free-market economy, ranking as the 8th largest in Asia and 20th globally by purchasing power parity. Recognized by the International Monetary Fund and the World Bank as an advanced economy, it has undergone a remarkable economic transformation, known as the Taiwan Miracle, transitioning from agriculture to a high-income industrialized country.