Taiwan (Province of China) PESTLE Insights - A Macroeconomic Outlook Report

Taiwan (Province of China) PESTLE Insights - A Macroeconomic Outlook Report

Summary

Mining, manufacturing and utilities contributed 33.9% to the gross value added (GVA) in 2021, followed by wholesale, retail and hotel activities (18.6%), and financial intermediation, real estate and business activities (17.7%). In nominal terms, the three sectors are expected to grow by 4.2%, 3.8% and 5.4%, respectively, in 2022.

New Taipei City is home to 10.9% of Taiwan’s (Province of China) population, and accounts for 10.6% of GDP as of 2021, according to GlobalData

The TWSE Index exhibited a downward trend over past year. As of November 1, 2022, the index stood at 17,068.2, compared to 13,037.2 on November 1, 2021.

ScopeIn February 2022, the country proposed a plan of TWD180 billion ($6.4 billion) for infrastructure development during 2023-24.Reasons to BuyMacroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure. PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business. This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.