IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL TAIWAN, CHINA

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Taipei

2016 2017 2018 2019 2020

36 2019

30.927 2019 23.60 2019 611.1 2019 56,764 2019 2.7 2019 0.55 2019 3.73 2019 11.95 2019 10.53 2019 100.9 2018 1.34 2019

11

Exchange Rate (per $)

14

14

16

17

29

Population - market size (millions)

CHALLENGES IN 2020 Promote pandemic prevention technology and data governance to ensure post-Covid-19 economic growth. • Promote pandemic prevention technology and data governance to ensure post-Covid-19 economic growth. • Accelerate industrial innovation and digital transformation of enterprises; and strengthen the resilience of the supply chain. • Improve cultivation, retention and recruitment of digital talents. • Foster social cohesion and social inclusion. • Towards environmental sustainability, including energy saving and carbon reduction.

21

Gross Domestic Product (GDP) (US$ billions)

11

GDP (PPP) per capita (US$)

20

Real GDP growth (%)

10

Consumer price inflation (%)

18

Unemployment rate (%)

29

Labor force (millions)

5

Current account balance (% of GDP)

43

Direct investment stocks inward ($bn)

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

45

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

4

6

7

8

10

10

11

12

13

14

15

16

20

25

25

27 26

27

31

32

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (29 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

3

3

3

3

4

4

4

4

4

5

109

IMD WORLD COMPETITIVENESS BOOKLET 2020