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TAIWAN BUSINESS GATEWAY
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Taiwan 
Taiwan Overview


COUNTRY DATA

Location: Eastern Asia, islands bordering the East China Sea, Philippine Sea, South China Sea, and Taiwan Strait, north of the Philippines, off the southeastern coast of China

Area: 35,980 sq km
note:  includes the Pescadores, Matsu, and Quemoy islands

Climate
: tropical; marine; rainy season during southwest monsoon (June to August); cloudiness is persistent and extensive all year

Natural Resources: small deposits of coal, natural gas, limestone, marble, and asbestos

Population: 23,024,956 (July 2010 est.)

Religions: mixture of Buddhist and Taoist 93%, Christian 4.5%, other 2.5%

Languages: Mandarin Chinese (official), Taiwanese (Min), Hakka dialects

Capital: Taipei

GDP: purchasing power parity - $717.7 billion (2009 est.)
$736.1 billion (2008 est.)
$731 billion (2007 est.)
note: data are in 2009 US dollars

GDP Per Capita: purchasing power parity - $29,800 (2009 est.)
$32,100 (2008 est.)
$32,000 (2007 est.)
note: data are in 2009 US dollars

Agriculture Products: rice, corn, vegetables, fruit, tea; pigs, poultry, beef, milk; fish

Industries: electronics, communications and information technology products, petroleum refining, armaments, chemicals, textiles, iron and steel, machinery, cement, food processing, vehicles, consumer products, pharmaceuticals

 


COMPARATIVE INDEXES (Details on Each Index Below)

Nation Brand Perception Index 2009 Rank (out of 200) - 24
Global Competitiveness Index 2009-2010 Rank (out of 133) - 12
Ease of Doing Business 2010 Rank (out of 183) - 46
IMD World Competitiveness Yearbook 2009 (out of 57) - 23
Index of Economic Freedom 2010 Rank (out of 179) - 27
Corruption Perceptions Index 2009 Rank (out of 180) - 37



NATION BRAND PERCEPTION INDEX 2009 (East West Communications)
 
Global Rank – 24 / 200
Regional Rank – 7 / 27
Score – 57.097 (mean of 50.0)
Mentions – 42,445
 

 
GLOBAL COMPETITIVENESS INDEX 2009-2010 (World Economic Forum)

2009-2010 Rank – 12 / 133
2009-2010 Score (1-7) – 5.2

Basic Requirements
Rank – 18
Score (1-7) – 5.5
1st Pillar: Institutions
Rank – 38
Score (1-7) – 4.7
2nd Pillar: Infrastructure
Rank – 16
Score (1-7) – 5.6
3rd Pillar: Macroeconomic Stability
Rank – 25
Score (1-7) – 5.3
4th Pillar: Health and Primary Education
Rank – 15
Score (1-7) – 6.2

Efficiency Enhancers
Rank – 17
Score (1-7) – 5.1
5th Pillar: Higher Education and Training
Rank – 13
Score (1-7) – 5.4
6th Pillar: Goods Market Efficiency
Rank – 14
Score (1-7) – 5.1
7th Pillar: Labor Market Efficiency
Rank – 24
Score (1-7) – 4.8
8th Pillar: Financial Market Sophistication
Rank –  54
Score (1-7) –  4.4
9th Pillar: Technological Readiness
Rank –  18
Score (1-7) –  5.4
10th Pillar: Market Size
Rank – 17
Score (1-7) – 5.2

Innovation and Sophistication Factors
Rank – 8
Score – 5.2
11th Pillar: Business Sophistication
Rank – 13
Score (1-7) – 5.2
12th Pillar: Innovation
Rank – 6
Score (1-7) – 5.3



DOING BUSINESS 2010 (World Bank-IFC)

Ease of Doing Business 2010 Rank – 46 / 183

Starting a Business
Procedures (number) – 6
Time (days) – 23
Cost (% of income per capita) – 3.9
Minimum capital (% of income per capita) – 0.0

Dealing with Construction Permits
Procedures (number) – 28
Time (days) – 142
Cost (% of income per capita) – 96.2

Employing Workers
Difficulty of Hiring Index (0-100) – 78
Rigidity of Hours Index (0-100) – 20
Difficulty of Redundancy Index (0-100)  – 40
Rigidity of Employment Index (0-100) – 46
Redundancy Cost (weeks of salary) – 91

Registering Property
Procedures (number) – 3
Time (days) – 5
Cost (% of property value) – 6.2

Getting Credit
Strength of Legal Rights Index (0-10) – 4
Depth of Credit Information Index (0-6) – 5
Public Registry Coverage (% of adults) – 0.0
Private Bureau Coverage (% of adults) – 63.2

Protecting Investors
Extent of Disclosure Index (0-10) – 7
Extent of Director Liability Index (0-10) – 4
Ease of Shareholder Suits Index (0-10) – 5
Strength of Investor Protection Index (0-10) – 5.3

Paying Taxes
Payments (number per year) – 18
Time (hours per year) – 281
Total Tax Rate (% of profit) – 40.4
 
Trading Across Borders
Documents to Export (number) – 7
Time to Export (days) – 13
Cost to Export (US$ per container) – 720
Documents to Import (number) – 7
Time to Import (days) – 12
Cost to Import (US$ per container) – 732

Enforcing Contracts
Procedures (number) – 47
Time (days) – 510
Cost (% of claim) – 17.7

Closing A Business
Time (years) – 1.9
Cost (% of estate) – 4
Recovery Rate (cents on the dollar) - 80.9



IMD WORLD COMPETITIVENESS YEARBOOK 2009 (IMD)

IMD World Competitiveness Scoreboard 2009 – 23 / 57
 


INDEX OF ECONOMIC FREEDOM 2009 (The Heritage Foundation)

2010 Global Rank – 27 / 179

Economic Freedom (all scores 0-100) – 70.4
Business Freedom – 83.0
Trade Freedom – 85.8
Fiscal Freedom – 75.9
Government Spending – 90.5
Monetary Freedom – 79.33218
Investment Freedom – 65
Financial Freedom – 50
Property Rights – 70
Freedom from Corruption – 57
Labor Freedom – 47.7



CORRUPTION PERCEPTIONS INDEX 2009 (Transparency International)

CPI Rank (1.0-10.0) – 37 / 180

CPI Score – 5.6
Surveys Used – 9
Confidence Range – 5.4 - 5.9
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