In the last year, Taylor Swift has toured three continents, traded verses with rappers, performed a duet with fellow teen sensation Justin Bieber and sold more albums than any artist in any genre. Say you want about her fitting in with country music, but it's no surprise that Billboard magazine has named her its Woman of the Year.

The singer-songwriter will receive her award on December 2nd, when Billboard holds its Women in Music event in New York City.

"Taylor has shown the power of good songwriting with music that has transcended genres, and we're thrilled to recognize all of her successes over the past year by honoring her with the Billboard Woman of the Year Award," said Bill Werde, Billboard's editorial director.

"At the young age of 21, Taylor has already made a major impact on music and has been an incredible role model for aspiring singers, songwriters and young women everywhere," he added. "I look forward to watching her career continue to flourish in the years to come."

Taylor's third album, Speak Now, arrived last October and sold more than a million copies in its opening week. In addition to the Billboard honor, the country superstar is up for six CMA Awards, including Entertainer of the Year.

In taking home the Billboard prize, Taylor follows in the footsteps of past winners Beyoncet, Fergie and fellow country artist Reba.