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 activities contributed 35.5% to Taiwan’s (Province of China) gross value added (GVA) in 2022, followed by wholesale, retail, and hotels activities (18.7%), and financial intermediation, real estate, and business activities (18.4%). In nominal terms, the three sectors are forecasted to grow by 4.0%, 4.0%, and 3.8%, respectively, in 2023.

Taipei is home to 10.7% of Taiwan’s (Province of China) population, and accounts for 10.8% of GDP as of 2022, according to GlobalData.

Key Highlights

The TWSE Index has been on an upward trend. As of November 07, 2023, the index stood at 16,685, compared to 13,223.7 on November 07, 2022.

Scope

• In August 2023, the country approved a budget of TWD588.6 billion ($19.7 billion) to foster development in public infrastructure project in 2024.

Reasons to Buy

• Macroeconomic 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.