- 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 4th rank in overall investment environment in overall investment environment by BERI
- The 8th 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 second (August) "Report on the Evaluation of Environmental Risks of Investment" for 2021, Business Environment Risk Intelligence (BERI) ranked Taiwan's "Profit Opportunity Recommendation" fourth-best among the 50 major countries covered, trailing Switzerland, Norway and Korea.
Taiwan has moved up three places from last year to 8th in the World Competitiveness Yearbook 2021 released in June by the International Institute for Management Development (IMD). It was Taiwan's best performance since 2013. The IMD ranked 64 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 6th, 8th, 7th and 14th respectively. Among the four main categories, Taiwan made the greatest headway in economic performance, jumping to 6th in the world from 17th last year. In addition, Taiwan also moved up five spots to 7th in business efficiency. The above indictors are showing Taiwan’s digital technology strength, corporate innovation vitality and social cohesion.
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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