Published Date: 2021-08-31
Taiwan is ranked
the world's fourth-best investment destination in a recent report by the
US-based Business Environment Risk Intelligence SA (BERI).
The report is
BERI’s second of the year, with Taiwan remaining in fourth place behind Sweden,
Norway and South Korea.
In its outlook for
2022 and 2026, BERI predicts that Taiwan will rise to third place in the world.
BERI comes out
with a report every April, August and December. The report analyzes the three
major indices of operations risks, political risks, and exchange rate risks.
Among countries,
Taiwan is beaten only by South Korea, which came in third place globally.
Singapore ranks fifth, China 10th, Japan 14th, Indonesia 19th, Vietnam 20th,
Malaysia 22nd, the Philippines 24th, India 27th and Thailand 42nd.
Taiwan’s
operations risk factor ranked third in the world and first in Asia after the US
and Switzerland.
Taiwan’s economic
ministry said on Tuesday that GDP growth in the first quarter was 8.9%, which
is the same as last year. That represents the highest growth rate in 10 years.
Exports increased
by 21%.
Industrial
production for June was also 17% higher than a year ago and the figure has been
growing for the last 16 months.
In terms of
political risk, Taiwan ranks 25th in the world and 7th in Asia due to its tense
relations with China.
Taiwan ranks first
in the world in terms of foreign exchange risk. It also leads the world in the
subindices of accumulated international reserves, foreign-exchange generation,
foreign debt assessment and legal framework.