diff --git a/package.json b/package.json
index 6523dd29b..3db9249fc 100644
--- a/package.json
+++ b/package.json
@@ -118,6 +118,7 @@
     "@types/rimraf": "^3.0.0",
     "@types/semver": "^7.1.0",
     "@types/source-map-support": "^0.5.0",
+    "@yarnpkg/fslib": "^2.4.0",
     "ava": "^3.15.0",
     "axios": "^0.21.1",
     "chai": "^4.0.1",
@@ -139,6 +140,7 @@
   "peerDependencies": {
     "@swc/core": ">=1.2.45",
     "@swc/wasm": ">=1.2.45",
+    "@types/node": "*",
     "typescript": ">=2.7"
   },
   "peerDependenciesMeta": {
diff --git a/src/index.spec.ts b/src/index.spec.ts
index 3f52167f9..3dc32c939 100644
--- a/src/index.spec.ts
+++ b/src/index.spec.ts
@@ -12,6 +12,7 @@ import semver = require('semver');
 import ts = require('typescript');
 import proxyquire = require('proxyquire');
 import type * as tsNodeTypes from './index';
+import * as fs from 'fs';
 import {
   unlinkSync,
   existsSync,
@@ -21,6 +22,7 @@ import {
   copyFileSync,
   writeFileSync,
 } from 'fs';
+import { NodeFS, npath } from '@yarnpkg/fslib';
 import * as promisify from 'util.promisify';
 import { sync as rimrafSync } from 'rimraf';
 import type _createRequire from 'create-require';
@@ -31,6 +33,8 @@ import { PassThrough } from 'stream';
 import * as getStream from 'get-stream';
 import { once } from 'lodash';
 
+const xfs = new NodeFS(fs);
+
 type TestExecReturn = {
   stdout: string;
   stderr: string;
@@ -715,6 +719,38 @@ test.suite('ts-node', (test) => {
             );
           });
         }
+        test('implicitly loads @types/node even when not installed within local directory', async ({
+          context: { tempDir },
+        }) => {
+          const { err, stdout, stderr } = await exec(
+            `${BIN_PATH} -pe process.env.foo`,
+            {
+              cwd: tempDir,
+              env: { ...process.env, foo: 'hello world' },
+            }
+          );
+          expect(err).to.equal(null);
+          expect(stdout).to.equal('hello world\n');
+        });
+        test('implicitly loads local @types/node', async ({
+          context: { tempDir },
+        }) => {
+          await xfs.copyPromise(
+            npath.toPortablePath(tempDir),
+            npath.toPortablePath(join(TEST_DIR, 'local-types-node'))
+          );
+          const { err, stdout, stderr } = await exec(
+            `${BIN_PATH} -pe process.env.foo`,
+            {
+              cwd: tempDir,
+              env: { ...process.env, foo: 'hello world' },
+            }
+          );
+          expect(err).to.not.equal(null);
+          expect(stderr).to.contain(
+            "Property 'env' does not exist on type 'LocalNodeTypes_Process'"
+          );
+        });
       }
     );
 
diff --git a/src/index.ts b/src/index.ts
index df02a8b1a..7428d51a9 100644
--- a/src/index.ts
+++ b/src/index.ts
@@ -855,7 +855,7 @@ export function create(rawOptions: CreateOptions = {}): Service {
     ): (_ts.ResolvedTypeReferenceDirective | undefined)[] => {
       // Note: seems to be called with empty typeDirectiveNames array for all files.
       return typeDirectiveNames.map((typeDirectiveName) => {
-        const {
+        let {
           resolvedTypeReferenceDirective,
         } = ts.resolveTypeReferenceDirective(
           typeDirectiveName,
@@ -864,6 +864,28 @@ export function create(rawOptions: CreateOptions = {}): Service {
           serviceHost,
           redirectedReference
         );
+        if (typeDirectiveName === 'node' && !resolvedTypeReferenceDirective) {
+          // Resolve @types/node relative to project first, then __dirname (copy logic from elsewhere / refactor into reusable function)
+          const typesNodePackageJsonPath = require.resolve(
+            '@types/node/package.json',
+            {
+              paths: [configFilePath ?? cwd, __dirname],
+            }
+          );
+          const typeRoots = [resolve(typesNodePackageJsonPath, '../..')];
+          ({
+            resolvedTypeReferenceDirective,
+          } = ts.resolveTypeReferenceDirective(
+            typeDirectiveName,
+            containingFile,
+            {
+              ...config.options,
+              typeRoots,
+            },
+            serviceHost,
+            redirectedReference
+          ));
+        }
         if (resolvedTypeReferenceDirective) {
           fixupResolvedModule(resolvedTypeReferenceDirective);
         }
@@ -1504,7 +1526,10 @@ function readConfig(
   const skipDefaultCompilerOptions = configFilePath != null;
   const defaultCompilerOptionsForNodeVersion = skipDefaultCompilerOptions
     ? undefined
-    : getDefaultTsconfigJsonForNodeVersion(ts).compilerOptions;
+    : {
+        ...getDefaultTsconfigJsonForNodeVersion(ts).compilerOptions,
+        types: ['node'],
+      };
 
   // Merge compilerOptions from all sources
   config.compilerOptions = Object.assign(
diff --git a/tests/local-types-node/node_modules/@types/node/index.d.ts b/tests/local-types-node/node_modules/@types/node/index.d.ts
new file mode 100644
index 000000000..acc6b1da5
--- /dev/null
+++ b/tests/local-types-node/node_modules/@types/node/index.d.ts
@@ -0,0 +1,4 @@
+declare const process: LocalNodeTypes_Process;
+declare interface LocalNodeTypes_Process {
+  /* empty */
+}
diff --git a/tests/local-types-node/node_modules/@types/node/package.json b/tests/local-types-node/node_modules/@types/node/package.json
new file mode 100644
index 000000000..b6d8ad997
--- /dev/null
+++ b/tests/local-types-node/node_modules/@types/node/package.json
@@ -0,0 +1,3 @@
+{
+  "name": "@types/node"
+}