Taiwan jumps to 11th in IMD digital competitiveness ranking

Taipei,  Taiwan moved up two places from last year to become the 11th-most digitally competitive out of 63 countries evaluated this year, according to a report published Thursday by the Swiss-based International Institute for Management Development (IMD).

It is the country’s highest ranking since the IMD World Digital Competitiveness Ranking was launched in 2017.

IMD data showed that Taiwan was ranked second-most digitally competitive among 29 economies with populations greater than 20 million, up one notch from last year, and climbed two places from last year to 11th among 34 economies with GDP per capita greater than US$20,000.

The ranking measures economies using 51 indicators based on three major factors: knowledge, technology and future readiness.

Taiwan was ranked fifth in technology — a jump of four places from 2019 — and eighth in future readiness, moving up four notches from last year.

However, its ranking in knowledge dropped by one place to 18th, according to the National Development Council (NDC).

Responding to Taiwan’s one-place drop in the ranking in knowledge, the NDC said that despite the slip, it nevertheless showed up in the rankings in the indicators of “talent” as well as “training and education,” in the category.

Meanwhile, Taiwan generally came top in the “agility of companies,” “mobile broadband subscribers” and “IT and media stock market capitalization” indicators, the NDC noted.

According to the Swiss-based institute, digital competitiveness is defined as the capacity of an economy to adopt and explore digital technologies leading to transformation in government practices, business models and society in general.

 

Source: Focus Taiwan News Channel

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