Taipei City Regional Information

Taipei City

Top Taipei

Taipei City is located in the northern part of Taiwan, and is the political, economic, and cultural development center of the island. It has 12 administrative districts and, together with the neighboring New Taipei City and Keelung City, makes up the Greater Taipei Metropolitan Area. The total population of this area is over 7 million. Since Taipei has quite comprehensive infrastructure, a well-developed traffic network, and located in the heart of the Asia-Pacific region (3 hours flight to cities such as Shanghai, Seoul, and Tokyo), it is an important linkage to local markets of Japan, Korea, and the rising Asia-Pacific areas.

Basic Information

Geographic information Taipei City is located in northern Taiwan, at a longitude of 121.6 degrees and latitude of 24.9 degrees.
Area 271.7997 km2
Population 2.70 million persons
Employed population 1.28 million persons
Profit-seeking businesses 220,000
Revenue NT$12.5069 trillion (2017)
Top five industries in revenue Wholesale and retail, finance and insurance, manufacturing, construction, and information and communications
Key new industries where investments are prioritized MICE, tourism, biotechnology, cultural/creative, international health care, international cuisine, financial services, ICT, urban renewal, and green industry

 

Publication Date：2018/7/3

Transportation

Within an hour by high speed rail, firms can access supply chain resources such as product sampling. R&D design, and mass production throughout northern Taiwan.

Open Government

The Taipei City Government is the first “Open Government”(http://data.taipei) with a publicly-accessible database in Taiwan. There are 91 collaboration organizations and over 2065 data sets available.

Internet Infrastructure

The household computer ownership exceeds 90%, while optic fiber coverage is greater than 80%. Approximately 10,000 free Wi-Fi hotspots allow people to enjoy easy online access.

Medical Care System

Over 99.8% of the population is covered by the National Health Insurance program. There are more than 3,000 medical institutes in Taipei, including 7 major medical centers.

Convenient Living

There are over 1,500 convenience stores in Taipei, the highest density in the world. Many are open 24 hours a day, providing easy access to everyday necessities.

Taipei’s Talent

Taipei city owns an excellent cultivation environment for talents. About 60,000 professionals in various fields are cultivated from 30 universities and colleges every year and nearly 60 percentage of the employed population obtain the university degrees and all with good work ethics. Taipei City gathers talents in various fields, such as the pilot institute, Academia SINICA, recruits the best domestic research elites and combines a number of major economic and industrial research institutes, together with school education, social training and industrial development. Human resources in Taipei city have the advantages of quality and quantity.

Total revenue of industrial sectors in 2017
Sector Revenue Ratio Top three industries
Primary industry NT$14.2 billion 0.11% 1. Retail and Whole sale (44.22%)
2. Finance and Insurance (14.02%)
3. Manufacturing (12.63%)
Secondary industry NT$2.3183 trillion 18.54%
Tertiary industry NT$10.1744 trillion 81.35%
Total NT$12.5069 trillion 100%

 

The number of business in Taipei city of three economic sectors in 2017
　 Business quantity rate Top three industries
Primary sector 3,014 1.28%
  1. Retail and Whole sale 66,773(28.32%)
  2. Manufacturing 30,397(12.89%)
  3. Professional and Science and Technology Services 26,782(11.36%)
Secondary industrial sector 55,585 23.58%
Tertiary sector 177,148 75.14%
Total 235,747 100.00%

Source: Taipei City of Commerce, updated to December, 2017
Notes:
Primary industry (agriculture, forestry, aquaculture, and animal husbandry) is primarily composed of quality agriculture.
Secondary industry (industry) consists mostly of urban light industry, urban service industry, and high-tech and technology-intensive industries.
Tertiary industry (services) includes mainly small and medium-sized business-related industries, finance, and other service-related industries.

Chinese and foreign investments in 2017
  Number of Investments Investment Amount
2017 Foreign investors Chinese investors Foreign investors Chinese investors
2,224 34 US$5.447 billion US$46 million

 

Economic Development

  • No.3 Asia-Pacific Cities of the Future 2015/16 / fDi Intelligence
    Comparing the index of the economic potential, friendly environment for business, human capital, and benefits of investment, the fDi Intelligence, an online site of international direct investment, assessed 163 cities in Asia-Pacific region, and published the Asia-Pacific Cities of the Future 2015/16, where Taipei was the 3rd in overall rankings, only falling behind Singapore and Tokyo.
  • No.26 Global Financial Centres Index，GFCI 2017 / Z/Yen Group
    The well-known British think tank, Z/Yen Group, assessed the overall competitiveness of 88 global cities with financial centers, and published the Global Financial Centres Index，GFCI 2017. The assessment categories include business environment, finance industry development, basic infrastructure, human capital, etc.. Taipei was the 26th of the 88 cities in global, and 11th in the Asia-Pacific region, which is better than Kuala Lumpur, Bangkok, Manila, and Jakarta.
  • No.44 Global Cities outlook 2017 / A.T. Kearney A.T. Kearney, an international consulting firm established for more than 90 years, published the Global Cities outlook 2017. This ranking of 128 cities was based on the assessment of private welfare, economy, innovation, and governance. Taipei was ranked the 44th, higher than of Beijing, Shanghai, and Hong Kong.

Technological Development

  • No.5 The most high-tech cities in the world 2017 / Business Insider
    Business Insider, an American business news website, assessed 85 cities across the globe based on the city development indexes of the research organization, 2thinknow. 25 Big high-tech cities were selected, and the judging criteria included number of patents, number of new companies, and number of venture investors in new tech companies. Taipei was the highest rated city in Asia and ranked the 5th globally. It’s higher than Seoul, Tokyo and Singapore.
  • No.11 Networked Society City Index 2016 / Ericsson
    The global provider of electronic equipment, Ericsson, published the Networked Society Index 2016, which assessed 41 global cities’ performances in sustainable urban development and ICT maturity. Taipei was No. 11, and 4th place in all of Asia.
  • No.56 IESE Cities in Motion Index，ICIM 2017 / IESE
    The Harvard IESE Business School assessed 180 cities around the world, and developed the IESE Cities and Motion Index based on the criteria of technology, environment, social cohesion, and workforce capital. Taipei was No. 56 overall and was No. 1 in the technological area.

City Life

  • No.4 Quality of Life Index Asia 2017 / Numbeo
    According to the global statistics storehouse Numebo’s Quality of Life Index 2017, Taipei was the 4th among the 47 Asian cities that were taken into consideration. This was higher than Seoul, Tokyo, and Hong Kong. Out of the 231 cities that were considered for healthcare, Taipei placed 10th. Taipei’s safety was even more outstanding, placing No. 3 out of the 378 cities considered, only falling behind Abu Dhabi and Munich.
  • No.10 Asia Pacific Destinations Index 2017 / Mastercard Worldwide
    In the Asia Pacific Destinations Index 2017 that was published by Mastercard Worldwide, a company that has more than 25,000 financial organization members, it was noted that Taipei attracted up to 7.4 million international tourists last year. Taipei was 10th out of the 171 compared cities.
  • No. 85 Quality of Living Rankings 2017 / Mercer
    Mercer, the most widely distributed human resources management consulting organization, assessed global cities based on political stability, medical treatment quality, educational systems, city crime and convenience of traffic in their Quality of Living Rankings 2017. Out of the 231 cities, Taipei placed 85th, higher than Shanghai and Beijing.

Freedom

  • Free Country Freedom in the World Scores 2018 / Freedom House
    Taiwan was listed as a free country. Out of a score of 100, Taiwan’s freedom level earned a 93, which was higher than the 86 obtained by the U.S.
Publication Date：2018/7/3

Department of Economic Development, Taipei City Government

Invest Taipei Office

Project Office of Subsidies & Incentives for Taipei Industry

StartUP@Taipei

  • 1F, North Wing, No. 1, City Hall Road, Xinyi District, Taipei City 11008, Taiwan
  • +886-2-2720-8889 ext. 6498 or Callers inside Taipei City 1999 ext. 6498
  • https://www.startup.taipei/?lang=en
Publication Date：2018/7/3

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