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.