Taiwan’s investment environment scores highly in numerous international rankings. In the “Global Competitiveness Report 2018,” issued by the World Economic Forum, Taiwan ranks 13th out of 140 economies. In the second “Business Environment Risk Intelligence” report of 2018, Taiwan ranks as the world’s 3rd best investment destination, trailing only Switzerland. According to the 2018 World Competitiveness Yearbook unveiled by IMD, Taiwan ranked 17th in terms of competitiveness among the 63 countries.
Taiwan has been ranked 1st in quality of life and the 2nd best place for expatriate overall in InterNations’ Expat Insider report for 2018.
In addition, in the World Bank’s “Doing Business 2019” report, Taiwan ﬁnished 13th out of 190 economies for ease of doing business. The Economist Intelligence Unit forecasts Taiwan’s business environment to be 14th best in the world during the 2014 – 2018 period.
Manufacturing and high-tech industries drive economic development in Taiwan. The output values of many Taiwanese products and industries, such as semiconductor, optoelectronic, information, and communication products account for more than 70% of the global market share. The production value of circuit wafer OEM makes up 67.4% in the world. These sectors and the assembly and testing sectors are all ranked No.1 in the world. The production values of Taiwan’s IC design, account for 21.5% in the world, and those of the TFT-LCD are in second place in the world. Its PC production value is 3rd.
In conclusion, the international ranking reports show that Taiwan’s business environment remains as excellent as it is now. Looking toward the future, Taiwan will continually create a better, friendlier environment, more conducive to business.