Taiwan rises to 7th place in IMD rankings

16 June, 2022

Courtesy of ICRT


Taiwan has moved up one spot to seventh place in the latest 2022 World Competitiveness Rankings, according to a yearbook released on Wednesday by the International Institute for Management Development (IMD).


The seventh place ranking is Taiwan's highest in the yearbook since 2013. It also means Taiwan remains the third most competitive economy in Asia, behind Singapore and Hong Kong. Over the past four years, Taiwan has ranked 17th, 16th, 11th and eighth in the IMD rankings.

Among the four indicators used to compile the rankings, Taiwan ranked sixth in business efficiency, eighth in government efficiency, 11th in economic performance, and 13th in infrastructure.

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