Taiwan Snapshot - PESTLE, SWOT, Risk and Macroeconomic Analysis report is designed to provide in-depth information about Taiwan including it’s PESTLE (political, economic, social, technological, legal and environmental), SWOT (Strengths, Weaknesses, Opportunities and Threats) and country risk analysis backed by macroeconomic data.
Taiwan, officially the Republic of China, is an island of approximately 36,000 square kilometres, about the size of the Netherlands. It is situated southwest of Japan, north of the Philippines, and about 180 kilometres off the South-Eastern coast of mainland China. The ROC’s territory consists of Taiwan proper, as well as Kinmen, Matsu, Penghu and other minor islands. China has claimed sovereignty over Taiwan since the end of the Chinese civil war in 1949, when the defeated Nationalist government fled to the island as the Communists, under Mao Zedong, swept to power.
Taiwan is expected to have a population of 23.32 million in the year 2023 and is expected to remain constant till 2027.
Taiwan’s real gross domestic product (GDP) was TWD 19,858.58 billion in 2020 and while recovering from the COVID-19 impact it increased by 2.75% to be around TWD 21,106.10 billion in 2021. It is further expected to increase by 2.44% and reach TWD 24,384.15 billion by 2027.
Taiwan’s unemployment rate was 3.85% of the total labor force in 2020. Due to the slowdown in global economic activity due to the COVID-19 pandemic, unemployment increased by 2.53% and reached 3.95% in 2021. Unemployment is further estimated to decrease by a CAGR of 1.53% and reach 3.6% of the total labor force in Taiwan by 2027.
Taiwan’s per capita GDP was USD 36,051.061 whereas purchasing power parity (PPP) based per capita GDP was USD 68,729.509 for the year 2022.
In 2022, the Taiwan government’s revenue was TWD 3,705.539 billion whereas the expenditure was TWD 3,974.953 billion. This resulted in the Taiwan government’s net lending/borrowing negative at TWD 269.413 billion in 2022 indicating that not enough financial resources were made available by the Taiwan government to boost economic growth.
The current account balance for Taiwan was positive at USD 111.181 billion for the year 2022 and is expected to decrease at a CAGR of 3.49% and reach positive USD 93.072 billion by 2027. This positive current account balance indicates that Taiwan will remain a net lender to the rest of the world till 2027.
Scope of Taiwan Snapshot - PESTLE, SWOT, Risk Macroeconomic Analysis Report
- This report provides information about key macroeconomic indicators for Taiwan.
- This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Taiwan.
- This report provides SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis for Taiwan.
- This report provides risk analysis for Taiwan.
- This report provides information on Coronavirus (COVID-19) pandemic related policy response in Taiwan.
Table of Contents
1. Executive Summary
- Scope of Taiwan Snapshot - PESTLE, SWOT, Risk Macroeconomic Analysis Report
- Research Methodology
2. PESTLE Analysis of Taiwan
2.1 Political Factors
2.2 Economic Factor
2.2.1 National Accounts Indicators
2.2.1.1 Real Gross Domestic Product
2.2.1.2 Nominal Gross Domestic Product
2.2.1.3 Gross Domestic Product Deflator
2.2.1.4 Per Capita Gross Domestic Product
2.2.1.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP
2.2.1.6 Total Investment / Gross Capital Formation
2.2.1.7 Gross National Savings
2.2.2 Monetary Indicators
2.2.2.1 Consumer Price Index (CPI) Inflation
2.2.3 Trade Indicators
2.2.3.1 Change in Import Volume of Goods & Services
2.2.3.2 Change in Export Volume of Goods & Services
2.2.4 Government Finance Indicators
2.2.4.1 Government Revenue
2.2.4.2 Government Expenditure
2.2.4.3 Government Net Lending / Borrowing
2.2.4.4 Government Gross Debt
2.2.4.5 Government Net Debt
2.2.5 Balance of Payment Indicators
2.2.5.1 Current Account Balance
2.3 Social Factors
2.3.1 Population
2.3.2 Employment
2.3.3 Unemployment
2.4 Technological Factors
2.5 Legal Factors
2.6 Environmental Factors
3. SWOT Analysis of Taiwan
3.1 Strengths
3.2 Weaknesses
3.3 Opportunities
3.4 Threats
4. Risk Analysis of Taiwan
5. COVID-19 Related Policy Response of Taiwan
5.1 Coronavirus (COVID-19) Containment Measures of Taiwan
5.2 Coronavirus (COVID-19) Related Fiscal Policy Measures by Taiwan
5.3 Coronavirus (COVID-19) Related Monetary Policy Measures by Taiwan
5.4 Coronavirus (COVID-19) Related Employment Policy Measures by Taiwan
List of Exhibits
Notes
Company Information
List of Exhibits
Exhibit 2.1 Real GDP of Taiwan (in TWD billion) 2020-2027
Exhibit 2.2 Nominal GDP of Taiwan (in TWD billion) 2020-2027
Exhibit 2.3 Nominal GDP of Taiwan (in USD billion) 2020-2027
Exhibit 2.4 GDP Deflator Index for Taiwan 2020-2027
Exhibit 2.5 Per Capita GDP of Taiwan (in USD) 2020-2027
Exhibit 2.6 PPP Per Capita GDP of Taiwan (in USD) 2020-2027
Exhibit 2.7 Total Investment of Taiwan (in %) 2020-2027
Exhibit 2.8 Gross National Savings of Taiwan (in %) 2020-2027
Exhibit 2.9 Consumer Price Index (CPI) Inflation of Taiwan 2020-2027
Exhibit 2.10 Change in Import Volume of Goods & Services of Taiwan (in %) 2020-2027
Exhibit 2.11 Change in Export Volume of Goods & Services of Taiwan (in %) 2020-2027
Exhibit 2.12 Government Revenue of Taiwan (in TWD billion) 2020-2027
Exhibit 2.13 Government Revenue of Taiwan (in % of GDP) 2020-2027
Exhibit 2.14 Government Expenditure of Taiwan (in TWD billion) 2020-2027
Exhibit 2.15 Government Expenditure of Taiwan (in % of GDP) 2020-2027
Exhibit 2.16 Government Net Lending / Borrowing of Taiwan (in TWD billion) 2020-2027
Exhibit 2.17 Government Net Lending / Borrowing of Taiwan (in % of GDP) 2020-2027
Exhibit 2.18 Government Gross Debt of Taiwan (in TWD billion) 2020-2027
Exhibit 2.19 Government Gross Debt of Taiwan (in % of GDP) 2020-2027
Exhibit 2.20 Government Net Debt of Taiwan (in TWD billion) 2020-2027
Exhibit 2.21 Government Net Debt of Taiwan (in % of GDP) 2020-2027
Exhibit 2.22 Current Account Balance of Taiwan (in USD billion) 2020-2027
Exhibit 2.23 Current Account Balance of Taiwan (in % of GDP) 2020-2027
Exhibit 2.24 Population of Taiwan (in million) 2020-2027
Exhibit 2.25 People Employment in Taiwan (in million) 2020-2023
Exhibit 2.26 Unemployment Level in Taiwan (in %) 2020-2027
Exhibit 3.1 SWOT Analysis of Taiwan
Samples
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