IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL TAIWAN, CHINA

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Taipei

2017 2018 2019 2020 2021

36 2020

8

29.583 2020 23.56 2020 668.4 2020 55,857 2020 -0.17 2020 3.85 2020 11.96 2020 14.10 2020 100.6 2019 1.35 2019 3.1 2020

11

Exchange Rate (per $)

14

16

17

29

Population - market size (millions)

CHALLENGES IN 2021 Promote technology innovation, deepen international cooperation and enhance domestic and foreign investment to seize • Promote technology innovation, deepen international cooperation and enhance domestic and foreign investment to seize opportunities of post-pandemic global recovery. • Improve cultivation, retention and recruitment of digital talents. • Foster social cohesion and social inclusion. • Reinforce energy saving and carbon reduction to ensure environmental sustainability.

21

Gross Domestic Product (GDP) (US$ billions)

13

GDP (PPP) per capita (US$)

2

Real GDP growth (%)

13

Consumer price inflation (%)

7

Unemployment rate (%)

29

Labor force (millions)

3

Current account balance (% of GDP)

43

Direct investment stocks inward ($bn)

National Development Council, Taipai Provided by: National Development Council, Taipai

48

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

3

4

5 5

6

10

11 9

11

12

13

14

16

16

17

18

22

24

27

38

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (29 countries)

2017 2018 2019 2020 2021

1 2017 2018 2019 2020 2021

3

3

3

3

4

4

4

4

5

108

IMD WORLD COMPETITIVENESS BOOKLET 2021