IMD World Competitiveness Booklet 2023

Competitiveness Country Profiles

Taiwan, China Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Taipei

36 2022

6

7

8

29,806 2022

11

Exchange rate (per $)

23,27 2022 27 761,8 2022 20 69.706 2022 10 2,5 2022 49 2,95 2022 06 3,67 2022 15 11,85 2022 27 13,35 2022 08 115,9 2021 42 0,70 2021 54

16

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2023

GDP (PPP) per capita (US$)

• Strengthen economic and social resilience after COVID-19. • Promote digital and net-zero dual transformation. • Address external challenges such as GVC reshuffle and inflation impact. • Cultivate and recruit domestic and foreign professionals. • Enhance regional balance 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, Taipei

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 & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

6 7

6 3

7

7

8 5

9

10

10

17

17

22

24

25

37 35

37

45

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (27 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

1

1

1

2

3

3

3

3

4

4

113