- 12th ranking among the 141 countries in Global Competitiveness Report, according to WEF
- 18th ranking among the 137 countries in Global Entrepreneurship and Development Index
- The 3th rank in overall investment environment in overall investment environment by BERI
- The 11th rank in IMD World Competitiveness Yearbook
- The 15th most improved economy for Ease Doing Business.
International Rating
The World Economic Forum (WEF) released its Global Competitiveness Report 2019 in October, 2019. Taiwan placed its 12th ranking among the 141 countries/economies and ranked 4th among all Asian economies covered in the report, finishing behind Singapore, Hong Kong and Japan, but ahead of South Korea and mainland China.
WEF Global Competitiveness Index 4.0 framework is organized into 4 categories “enabling Environment”, “Human Capital”, “Markets”, and “Innovation Ecosystem”. The result demonstrates international recognition of Taiwan's reputation as a country in macroeconomic stability and a super innovator. In the future, Taiwan government will prioritize fostering an even more vibrant startup environment, as well as deepening the talent pool and strengthening the education sector. These steps are expected to ensure Taiwan's long-term competitiveness and keep it firmly on the development fast track.
The Global Entrepreneurship and Development Institute (GEDI) has launched the Global Entrepreneurship and Development Index (GEDI) since 2011. According to the GEDI 2019 report published in January 2020 by GEDI Institute, Taiwan took 18th place among 137 countries. Overall, the United States dominated the 2020 index, and its score is 86.8. The index placed Taiwan third in Asia behind of Australia and Hong Kong, but ahead of Singapore, Japan, South Korea, and China. As to the major indicators, Taiwan has a score of 53.2 in entrepreneurial attitudes, ranked as 25th; a score of 58.0 in entrepreneurial ability, 22nd in ranking; a score of 75.0 in entrepreneurial aspirations, ranked as 7th globally.
In its third "Report on the Evaluation of Environmental Risks of Investment" for 2020, Business Environment Risk Intelligence (BERI) ranked Taiwan's "Profit Opportunity Recommendation" third-best among the 50 major countries covered, trailing Switzerland and Norway.
Taiwan has moved up five places from last year to 11th in the World Competitiveness Yearbook 2020 released today by the International Institute for Management Development (IMD). It was Taiwan's best performance since 2016. The IMD ranked 63 economies based on four categories- economic performance, government efficiency, business efficiency and infrastructure. In reviewing the four categories, the report showed Taiwan’s ranking in economic performance, government efficiency, business efficiency and infrastructure were 17th, 9th, 12th and 15th respectively. The indicators showed improvement were the government efficiency which had the outstanding improvement from 12th last year to ninth, from 14th to 12th in business efficiency and from 19th to 15th in infrastructure.
Taiwan was rated the world's 15th-easiest place to do business among 190 economies in a World Bank "Doing Business 2020" released Oct 24th 2019. According to the World Bank's report this year, Taiwan shows its good performances in dealing with construction permits(6th), forgetting electricity (9th), and enforcing contracts (11th). The Economist Intelligence Unit forecasts Taiwan's business environment to be 18th best in the world during the 2015 – 2019 period.
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