IMD World Competitiveness Booklet 2022

Taiwan, China Competitiveness Trends – Overall

OVERALL PERFORMANCE (63 countries)

BASIC FACTS

Rank

2018

2019

2020

2021

2022

Capital Land area (square km '000)

Taipei

36 2021

7

8

28.024 2021

11

Exchange Rate (per $)

23.38 2021 27 774.6 2021 20 62,528 2021 12 6.5 2021 21 1.82 2021 13 3.95 2021 12 11.92 2021 26 14.99 2021 03 109.6 2020 42 0.90 2020 45

16

17

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2022

GDP (PPP) per capita (US$)

• Promote sustainable development and achieve net-zero transformation. • Accelerate technology innovation, digital and green transition, and deepen international cooperation to strengthen economic resilience. • Within nation’s key industries, improve cultivation of talents, retention and recruitment of foreign professional talents. • Promote balanced regional development, social cohesion and social inclusion.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: National Development Council, Taipai

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

4

6 8

8

8 5

9

9 6

10

15

16

17

17

21

26

29 28

33

37

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (27 countries)

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

1

1

3

3

3

3

4

4

4

5

108 Competitiveness Country Profiles