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Geography


Location:
Eastern Asia, islands bordering the East China Sea, Philippine Sea, South China Sea, and Taiwan Strait, north of the Philippines, off the southeastern coast of China


Geographic coordinates:
23 30 N, 121 00 E


Map references:
Southeast Asia


Area:
total:35,980 sq kmcountry comparison to the world: 139
land:32,260 sq km
water:3,720 sq km
note:includes the Pescadores, Matsu, and Quemoy islands


Area - comparative:
slightly smaller than Maryland and Delaware combined


Land boundaries:
territorial sea:12 nm
exclusive economic zone:200 nm


Climate:
tropical; marine; rainy season during southwest monsoon (June to August); cloudiness is persistent and extensive all year


Terrain:
eastern two-thirds mostly rugged mountains; flat to gently rolling plains in west


    Elevation extremes:
lowest point:South China Sea 0 m
highest point:Yu Shan 3,952 m


Natural resources:
small deposits of coal, natural gas, limestone, marble, and asbestos


Land use:
arable land:24%
permanent crops:1%
other:75% (2011)


Irrigated land:
NA


Total renewable water resources:
67 cu km (2011)


Natural hazards:
earthquakes; typhoons


Environment - current issues:
air pollution; water pollution from industrial emissions, raw sewage; contamination of drinking water supplies; trade in endangered species; low-level radioactive waste disposal


Environment - international agreements:
party to:none of the selected agreements because of Taiwan's international status

Geography - note:
strategic location adjacent to both the Taiwan Strait and the Luzon Strait


People and Society


Nationality:
noun: Taiwan (singular and plural)
note:example - he or she is from Taiwan; they are from Taiwan
adjective:Taiwan (or Taiwanese)


Ethnic groups:
Taiwanese (including Hakka) 84%, mainland Chinese 14%, indigenous 2%


Languages:
Mandarin Chinese (official), Taiwanese (Min), Hakka dialects


Religions:
mixture of Buddhist and Taoist 93%, Christian 4.5%, other 2.5%


Population:
23,359,928 (July 2014 est.)country comparison to the world: 52


Age structure:
0-14 years:14% (male 1,683,381/female 1,575,789)
15-24 years:13.4% (male 1,613,197/female 1,526,344)
25-54 years:47.4% (male 5,539,606/female 5,539,654)
55-64 years:13.2% (male 1,506,657/female 1,571,208)
65 years and over:11.6% (male 1,301,420/female 1,502,672) (2014 est.)


Median age:
total:39.2 years
male:38.5 years
female:39.9 years (2014 est.)


Population growth rate:
0.25% (2014 est.)country comparison to the world: 177


Birth rate:
8.55 births/1,000 population (2014 est.)country comparison to the world: 216


Death rate:
6.97 deaths/1,000 population (2014 est.)country comparison to the world: 134


Net migration rate:
0.9 migrant(s)/1,000 population (2014 est.)country comparison to the world: 62


Sex ratio:
at birth:1.07 male(s)/female
0-14 years:1.07 male(s)/female
15-24 years:1.06 male(s)/female
25-54 years:1 male(s)/female
55-64 years:0.99 male(s)/female
65 years and over:0.89 male(s)/female
total population:1 male(s)/female (2014 est.)


    Infant mortality rate:
total:4.49 deaths/1,000 live birthscountry comparison to the world: 186
male:4.9 deaths/1,000 live births
female:4.06 deaths/1,000 live births (2014 est.)


Life expectancy at birth:
total population:79.84 yearscountry comparison to the world: 38
male:76.72 years
female:83.2 years (2014 est.)


Total fertility rate:
1.11 children born/woman (2014 est.)country comparison to the world: 222


HIV/AIDS - adult prevalence rate:
NA


HIV/AIDS - people living with HIV/AIDS:
NA


HIV/AIDS - deaths:
NA


Literacy:
definition:age 15 and over can read and write
total population:96.1%
male:NA
female:NA (2003)

Government


Country name:
conventional long form: none
conventional short form:Taiwan
local long form:none
local short form:Taiwan
former:Formosa


Government type:
multiparty democracy


Capital:
name:Taipei
geographic coordinates:25 02 N, 121 31 E
time difference:UTC+8 (13 hours ahead of Washington, DC, during Standard Time)


Administrative divisions:
includes main island of Taiwan plus smaller islands nearby and off coast of China's Fujian Province; Taiwan is divided into 14 counties (hsien, singular and plural), 3 municipalities (shih, singular and plural), and 5 special municipalities (chih-hsia-shih, singular and plural)


National holiday:
Republic Day (Anniversary of the Chinese Revolution), 10 October (1911)


Constitution:
previous 1912, 1931; latest adopted 25 December 1946, promulgated 1 January 1947, effective 25 December 1947; revised several times, last in 2005 (2013)


Legal system:
civil law system


International law organization participation:
has not submitted an ICJ jurisdiction declaration; non-party state to the ICCt


Suffrage:
20 years of age; universal


Executive branch:
chief of state:President MA Ying-jeou (since 20 May 2008); Vice President WU Den-yih (since 20 May 2012)
head of government:Premier JIANG Yi-huah (President of the Executive Yuan) (since 18 February 2013); Vice Premier MAO Chi-kuo (Vice President of the Executive Yuan) (since 18 February 2013)
cabinet:Executive Yuan - ministers appointed by president on recommendation of premier
elections:president and vice president elected on the same ticket by popular vote for four-year terms (eligible for a second term); election last held on 14 January 2012 (next to be held in January 2016); premier appointed by the president; vice premiers appointed by the president on the recommendation of the premier
election results:MA Ying-jeou elected president; percent of vote - MA Ying-jeou 51.6%, TSAI Ing-wen 45.6%, James SOONG Chu-ye 2.8%


Legislative branch:
unicameral Legislative Yuan (113 seats - 73 district members elected by popular vote, 34 at-large members elected on basis of proportion of islandwide votes received by participating political parties, 6 elected by popular vote among aboriginal populations; members to serve four-year terms); parties must receive 5% of vote to qualify for at-large seats
elections:Legislative Yuan - last held on 14 January 2012 (next to be held in January 2016)
election results:Legislative Yuan - percent of vote by party - KMT 44.6%, DPP 34.6%, TSU 9.0%, PFP 5.5%, others 6.3%; seats by party - KMT 64, DPP 40, PFP 3, TSU 3, NPSU 2, independent 1


Judicial branch:
highest court(s):Supreme Court (consists of the court president, vice president, and approximately 100 judges organized into 8 civil and 12 criminal divisions, each with a division chief justice and 4 associate justices); Constitutional Court (consists of the court president, vice president, and 13 justices)
judge selection and term of office:both Supreme Court and Constitutional Court justices appointed by the president of the republic with the approval of the Legislative Yuan; Supreme Court justices appointed for life; Constitutional Court president, vice-president, and 8 grand justices serve 4-year terms and remaining justices serve 8-year terms
subordinate courts:high courts; district courts; hierarchy of administrative courts


    Political parties and leaders:
Democratic Progressive Party or DPP [SU Tseng-chang]
Kuomintang or KMT (Nationalist Party) [MA Ying-jeou]
New Party [YOK Mu-ming]
Non-Partisan Solidarity Union or NPSU [LIN Pin-kuan]
People First Party or PFP [James SOONG Chu-ye]
Taiwan Solidarity Union or TSU [HUANG Kun-huei]


Political pressure groups and leaders:
environmental groups


International organization participation:
ADB, APEC, BCIE, ICC (national committees), IOC, ITUC (NGOs), WTO


Diplomatic representation in the US:
representative:SHEN Lyu-shin (since 1 April 2014)
office:4201 Wisconsin Avenue NW, Washington, DC 20016
telephone:[1] 202 895-1800
Taipei Economic and Cultural Offices (branch offices):Atlanta, Boston, Chicago, Guam, Houston, Honolulu, Kansas City, Los Angeles, Miami, New York, San Francisco, Seattle


Diplomatic representation from the US:
director:Christopher J. MARUT
office:#7 Lane 134, Hsin Yi Road, Section 3, Taipei 106, Taiwan
telephone:[1] [886] (02) 2162-2000
FAX:[1] [886] (02) 2162-2251
other offices:Kaohsiung


Flag description:
red field with a dark blue rectangle in the upper hoist-side corner bearing a white sun with 12 triangular rays; the blue and white design of the canton (symbolizing the sun of progress) dates to 1895; it was later adopted as the flag of the Kuomintang Party; blue signifies liberty, justice, and democracy; red stands for fraternity, sacrifice, and nationalism, white represents equality, frankness, and the people's livelihood; the 12 rays of the sun are those of the months and the twelve traditional Chinese hours (each ray equals two hours)


National symbol(s):
white, 12-rayed sun on blue field


National anthem:
name:'Zhonghua Minguo guoge' (National Anthem of the Republic of China)
lyrics/music:HU Han-min, TAI Chi-t'ao, and LIAO Chung-k'ai/CHENG Mao-Yun
note:adopted 1930; the anthem is also the song of the Kuomintang Party; it is informally known as 'San Min Chu I' or 'San Min Zhu Yi' (Three Principles of the People); because of political pressure from China, 'Guo Qi Ge' (National Banner Song) is used at international events rather than the official anthem of Taiwan; the 'National Banner Song' has gained popularity in Taiwan and is commonly used during flag raisings

Economy


Economy - overview:
Taiwan has a dynamic capitalist economy with gradually decreasing government guidance of investment and foreign trade. Exports, led by electronics, machinery, and petrochemicals have provided the primary impetus for economic development. This heavy dependence on exports exposes the economy to fluctuations in world demand. Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are other major long-term challenges. Free trade agreements have proliferated in East Asia over the past several years, and following the landmark Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010, Taiwan in July 2013 signed a free trade deal with New Zealand—Taipei’s first-ever with a country with which it does not maintain diplomatic relations—and in November inked a trade pact with Singapore. Negotiations continue on follow-on components of ECFA regarding trade in goods and a dispute resolution mechanism; a trade in services agreement is under review in the legislature. Taiwan's Total Fertility rate of just over one child per woman is among the lowest in the world, raising the prospect of future labor shortages, falling domestic demand, and declining tax revenues. Taiwan's population is aging quickly, with the number of people over 65 accounting for 11.2% of the island's total population as of 2012. The island runs a large overall trade surplus largely because of its surplus with China, and its foreign reserves are the world's sixth largest, behind China, Japan, Saudi Arabia, Russia, and Switzerland. In 2006 China overtook the US to become Taiwan's second-largest source of imports after Japan. China is also the island's number one destination for foreign direct investment. Taiwan since 2009 has gradually loosened rules governing Chinese investment on the island, and has also secured greater market access for its investors in the mainland. In August 2012, Taiwan Central Bank signed a memorandum of understanding on cross-Strait currency settlement with its Chinese counterpart. The MOU allows for the direct settlement of Chinese RMB and the New Taiwan dollar across the Strait, which could help develop Taiwan into a local RMB hub. Closer economic links with the mainland bring greater opportunities for the Taiwan economy, but also poses new challenges as the island becomes more economically dependent on China while political differences remain unresolved.


GDP (purchasing power parity):
$926.4 billion (2013 est.)
country comparison to the world: 21
$906.6 billion (2012 est.)
$894.7 billion (2011 est.)
note:data are in 2013 US dollars


GDP (official exchange rate):
$484.7 billion (2013 est.)


GDP - real growth rate:
2.2% (2013 est.)
country comparison to the world: 138
1.3% (2012 est.)
4.1% (2011 est.)


GDP - per capita (PPP):
$39,600 (2013 est.)
country comparison to the world: 28
$38,900 (2012 est.)
$38,500 (2011 est.)
note:data are in 2013 US dollars


Gross national saving:
31.3% of GDP (2013 est.)
country comparison to the world: 25
30.3% of GDP (2012 est.)
29.6% of GDP (2011 est.)


GDP - composition, by end use:
household consumption:59.5%
government consumption:12.2%
investment in fixed capital:19.4%
investment in inventories:0.3%
exports of goods and services:73.1%
imports of goods and services:-64.5%
(2013 est.)


GDP - composition, by sector of origin:
agriculture:2%
industry:29.4%
services:68.6% (2013 est.)


Agriculture - products:
rice, vegetables, fruit, tea, flowers; pigs, poultry; fish


Industries:
electronics, communications and information technology products, petroleum refining, chemicals, textiles, iron and steel, machinery, cement, food processing, vehicles, consumer products, pharmaceuticals


Industrial production growth rate:
1.8% (2013 est.)
country comparison to the world: 129

Labor force:
11.55 million (2013 est.)
country comparison to the world: 47


Labor force - by occupation:
agriculture:5%
industry:36.2%
services:58.8% (2012 est.)


Unemployment rate:
4.1% (2013 est.)
country comparison to the world: 33
4.2% (2012 est.)


    Population below poverty line:
1.5% (2012 est.)


Household income or consumption by percentage share:
lowest 10%:6.4%
highest 10%:40.3% (2010)


Distribution of family income - Gini index:
34.2 (2011)
country comparison to the world: 94
32.6 (2000)


Budget:
revenues:$78.24 billion
expenditures:$90.38 billion (2013 est.)


Taxes and other revenues:
16.1% of GDP (2013 est.)
country comparison to the world: 189

Budget surplus (+) or deficit (-):
-2.5% of GDP (2013 est.)
country comparison to the world: 107


Public debt:
38.9% of GDP (2013 est.)
country comparison to the world: 94
35.8% of GDP (2012 est.)
note:data for central government


Fiscal year:
calendar year


Inflation rate (consumer prices):
1.1% (2013 est.)
country comparison to the world: 27
1.9% (2012 est.)


Central bank discount rate:
1.88% (31 December 2012)
country comparison to the world: 113
1.88% (31 December 2011)


Commercial bank prime lending rate:
2.9% (31 December 2013 est.)
country comparison to the world: 170
2.88% (31 December 2012 est.)


Stock of narrow money:
$450.1 billion (31 December 2013 est.)
country comparison to the world: 14
$426.2 billion (31 December 2012 est.)


Stock of broad money:
$1.189 trillion (31 December 2013 est.)
country comparison to the world: 16
$1.152 trillion (31 December 2012 est.)


Stock of domestic credit:
$753.5 billion (31 December 2013 est.)
country comparison to the world: 20
$743.1 billion (31 December 2012 est.)


Market value of publicly traded shares:
$831.9 billion (31 December 2012)


Current account balance:
$56.66 billion (2013 est.)
country comparison to the world: 9
$49.92 billion (2012 est.)


Exports:
$305.8 billion (2013 est.)
country comparison to the world: 20
$299.8 billion (2012 est.)


Exports - commodities:
electronics, flat panels, machinery; metals; textiles, plastics, chemicals; optical, photographic, measuring, and medical instruments


Exports - partners:
China 27.1%, Hong Kong 13.2%, US 10.3%, Japan 6.4%, Singapore 4.4% (2012 est.)


Imports:
$268.5 billion (2013 est.)
country comparison to the world: 19
$268.8 billion (2012 est.)


Imports - commodities:
electronics, machinery, crude petroleum, precision instruments, organic chemicals, metals


Imports - partners:
Japan 17.6%, China 16.1%, US 9.5% (2012 est.)


Reserves of foreign exchange and gold:
$414.5 billion (31 December 2013 est.)
country comparison to the world: 7
$408.5 billion (31 December 2012 est.)


Debt - external:
$146.8 billion (31 December 2013 est.)
country comparison to the world: 38
$130.8 billion (31 December 2012 est.)


Stock of direct foreign investment - at home:
$62.94 billion (31 December 2013 est.)
country comparison to the world: 51
$59.36 billion (31 December 2012 est.)


Stock of direct foreign investment - abroad:
$240.3 billion (31 December 2013 est.)
country comparison to the world: 22
$226.1 billion (31 December 2012 est.)


Exchange rates:
New Taiwan dollars (TWD) per US dollar -
29.77 (2013 est.)
29.616 (2012 est.)
31.648 (2010 est.)
33.061 (2009)
31.53 (2008)

Energy


Electricity - production:
252.2 billion kWh (2011 est.)
country comparison to the world: 17


Electricity - consumption:
242.2 billion kWh (2011 est.)
country comparison to the world: 15


Electricity - exports:
0 kWh (2011 est.)
country comparison to the world: 206


Electricity - imports:
0 kWh (2011 est.)
country comparison to the world: 209


Electricity - installed generating capacity:
48.75 million kW (2011 est.)
country comparison to the world: 21


Electricity - from fossil fuels:
77.2% of total installed capacity (2011 est.)
country comparison to the world: 95


Electricity - from nuclear fuels:
10.6% of total installed capacity (2011 est.)
country comparison to the world: 17


Electricity - from hydroelectric plants:
5.3% of total installed capacity (2011 est.)
country comparison to the world: 124


Electricity - from other renewable sources:
6.9% of total installed capacity (2011 est.)
country comparison to the world: 36


Crude oil - production:
21,680 bbl/day (2012 est.)
country comparison to the world: 76


Crude oil - exports:
0 bbl/day (2011 est.)
country comparison to the world: 194


Crude oil - imports:
885,900 bbl/day (2010 est.)
country comparison to the world: 13


    Crude oil - proved reserves:
2.38 million bbl (1 January 2013 est.)
country comparison to the world: 95


Refined petroleum products - production:
920,200 bbl/day (2011 est.)
country comparison to the world: 21


Refined petroleum products - consumption:
786,100 bbl/day (2011 est.)
country comparison to the world: 24


Refined petroleum products - exports:
255,000 bbl/day (2011 est.)
country comparison to the world: 24


Refined petroleum products - imports:
304,700 bbl/day (2011 est.)
country comparison to the world: 20


Natural gas - production:
330.2 million cu m (2011 est.)
country comparison to the world: 75


Natural gas - consumption:
16.37 billion cu m (2011 est.)
country comparison to the world: 38


Natural gas - exports:
0 cu m (2011 est.)
country comparison to the world: 196


Natural gas - imports:
15.9 billion cu m (2011 est.)
country comparison to the world: 24


Natural gas - proved reserves:
6.229 billion cu m (1 January 2013 est.)
country comparison to the world: 88


Carbon dioxide emissions from consumption of energy:
293.3 million Mt (2011 est.)


Communications


Telephones - main lines in use:
15.998 million (2012)
country comparison to the world: 17


Telephones - mobile cellular:
29.455 million (2012)
country comparison to the world: 35


Telephone system:
general assessment:provides telecommunications service for every business and private need
domestic:thoroughly modern; completely digitalized
international:country code - 886; roughly 15 submarine fiber cables provide links throughout Asia, Australia, the Middle East, Europe, and the US; satellite earth stations - 2 (2011)



    Broadcast media:
5 nationwide television networks operating roughly 75 TV stations; about 85% of households utilize multi-channel cable TV; national and regional radio networks with about 170 radio stations (2008)


Internet country code:
.tw


Internet hosts:
6.272 million (2012)
country comparison to the world: 18


Internet users:
16.147 million (2009)
country comparison to the world: 24


Transportation


Airports
37 (2013)
country comparison to the world: 107


Airports - with paved runways
total:35
over 3,047 m:8
2,438 to 3,047 m:7
1,524 to 2,437 m:10
914 to 1,523 m:8
under 914 m:2 (2013)


Airports - with unpaved runways
total:2
1,524 to 2,437 m:1
under 914 m:
1 (2013)


Heliports
31 (2013)


Pipelines
condensate 25 km; gas 802 km; oil 241 km (2013)


Railways
total:1,580 kmcountry comparison to the world: 79
standard gauge:345 km 1.435-m gauge (345 km electrified)
narrow gauge:1,085 km 1.067-m gauge (685 km electrified); 150 km 0.762-m gauge
note:the 0.762 gauge track belongs to three entities, the Forestry Bureau, Taiwan Cement, and TaiPower (2009)


    Roadways
total:41,475 kmcountry comparison to the world: 86
paved:41,033 km (includes 720 km of expressways)
unpaved:442 km (2009)


Merchant marine
total:112country comparison to the world: 47
by type:bulk carrier 35, cargo 20, chemical tanker 1, container 31, passenger/cargo 4, petroleum tanker 12, refrigerated cargo 7, roll on/roll off 2
foreign-owned:3 (France 2, Vietnam 1)
registered in other countries:579 (Argentina 2, Cambodia 1, Honduras 1, Hong Kong 25, Indonesia 1, Italy 10, Kiribati 2, Liberia 94, Marshall Islands 8, Panama 328, Philippines 1, Sierra Leone 7, Singapore 77, South Korea 1, Thailand 1, UK 11, Vanuatu 1, unknown 8) (2010)



Ports and terminals
major seaport(s):Chilung (Keelung), Kaohsiung, Hualian, Taichung
container port(s) (TEUs):Chilung (Keelung) (1,749,388), Kaohsiung (9,363,289), Taichung (1,383,578)

Military


Military branches
Army, Navy (includes Marine Corps), Air Force, Coast Guard Administration, Armed Forces Reserve Command, Combined Service Forces Command, Armed Forces Police Command


Military service age and obligation
18-35 years of age for compulsory and voluntary military service; service obligation is 2 years; women may enlist; women in Air Force service are restricted to noncombat roles; reserve obligation to age 30 (Army); the Ministry of Defense is in the process of implementing a voluntary enlistment system over the period 2010-2015, although nonvolunteers will still be required to perform alternative service or go through 4 months of military training (2012)


Manpower available for military service
males age 16-49:6,183,567
females age 16-49:6,006,676 (2010 est.)


    Manpower fit for military service
males age 16-49:5,074,173
females age 16-49:4,951,088 (2010 est.)


Manpower reaching militarily significant age annually
male:166,190
female:155,306 (2010 est.)

Transnational Issues


Disputes - international
involved in complex dispute with Brunei, China, Malaysia, the Philippines, and Vietnam over the Spratly Islands, and with China and the Philippines over Scarborough Reef; the 2002 'Declaration on the Conduct of Parties in the South China Sea' has eased tensions but falls short of a legally binding 'code of conduct' desired by several of the disputants; Paracel Islands are occupied by China, but claimed by Taiwan and Vietnam; in 2003, China and Taiwan became more vocal in rejecting both Japan's claims to the uninhabited islands of the Senkaku-shoto (Diaoyu Tai) and Japan's unilaterally declared exclusive economic zone in the East China Sea where all parties engage in hydrocarbon prospecting


    Illicit drugs
regional transit point for heroin, methamphetamine, and precursor chemicals; transshipment point for drugs to Japan; major problem with domestic consumption of methamphetamine and heroin; rising problems with use of ketamine and club drugs
Information provided by CIA - The World Fact Book

Doing Business in Taiwan 2020


Taiwan Ease of Doing Business Rank: 15 Overall Score: 80.9
Starting a Business (rank) 21
Score 94.4
Procedures - Men (number) 3
Time - Men (number) 10
Cost - Men (days) 1.9
Procedures - Women (days) 3
Time - Women (% of income per capita) 10
Cost - Women (% of income per capita) 1.9
Paid in minimum capital (% of income per capita) 0
Dealing with Construction Permits (rank) 6
Score 87.1
Procedures (number) 10
Time (days) 82
Cost (% of warehouse value) 0.4
Building Quality Control Index(0-15) 13
Quality of building regulations index (0-2) 2
Quality control before construction index (0-1) 1
Quality control during construction index (0-3) 2
Quality control after construction index (0-3) 3
Liability and insurance regimes index (0-2) 1
Professional certifications index (0-4) 4
Getting Electricity (rank) 9
Score 96.3
Procedures (number) 3
Time (days) 22
Cost (% of income per capita) 37
Reliability of supply and transparency of tariff index (0-8) 7
Total duration and frequency of outages per customer a year (0-3) 3
Mechanisms for monitoring outages (0-1) 1
Mechanisms for restoring service (0-1) 1
Regulatory monitoring (0-1) 1
Financial deterrents aimed at limiting outages (0-1) 1
Communication of tariffs and tariff changes (0-1) 0
System average interruption duration index (SAIDI) 0.3
System average interruption frequency index (SAIFI) 0.2
Minimum outage time (in minutes) 1
Price of electricity (US cents per kWh) 11.7
Registering Property (rank) 20
Score 83.9
Procedures (number) 3
Time (days) 4
Cost (% of property value) 6.2
Quality of land administration index (0-30) 28.5
Reliability of infrastructure index (0-8) 8
Transparency of information index (0-6) 4.5
Geographic coverage index (0-8) 8
Land dispute resolution index (0-8) 8
Equal access to property rights index (-2-0) 0
Getting credit (rank) 104
Score 50
Strength of legal rights index (0-12) 2
Depth of credit information index (0-8) 8
Getting Credit total score 10
Credit registry coverage (% of adults) 0
Credit bureau coverage (% of adults) 100
Protecting Minority Investors (rank) 21
Score 76
Extent of disclosure index (0-10) 9
Extent of director liability index (0-10) 5
Ease of shareholder suits index (0-10) 7
Extent of shareholder rights index (0-6) 4
Extent of ownership and control index (0-7) 6
Extent of corporate transparency index (0-7) 7
Strength of minority investor protection index (0-50) 38
Paying Taxes (rank) 39
Score 84.3
Payments (number per year) 11
Time (hours per year) 221
Total tax and contribution rate (% of profit) 36.8
Profit tax (% of profit) 14.7
Labor tax and contributions (% of profit) 18.7
Other taxes (% of profit) 3.4
Time to comply with VAT refund (hours) 3
Time to obtain VAT refund (weeks) 12
Time to comply with a corporate income tax correction (hours) 7
Time to complete a corporate income tax correction (weeks) 0
Postfiling index (0-100) 92.2
Trading across borders (rank) 61
Score 84.9
Time to export: Documentary compliance (hours) 5
Time to import: Documentary compliance (hours) 4
Time to export: Border compliance (hours) 17
Time to import: Border compliance (hours) 47
Cost to export: Documentary compliance (USD) 84
Cost to import: Documentary compliance 65
Cost to export: Border compliance (USD) 335
Cost to import: Border compliance (USD) 340
Enforcing contract (rank) 11
Score 75.1
Time (days) 510
Filing and service (days) 30
Trial and judgment (days) 360
Enforcement of judgment (days) 120
Cost (% of claim) 18.3
Attorney fees (% of claim) 15.5
Court fees (% of claim) 2.6
Enforcement fees (% of claim) 0.2
Quality of the judicial processes index (0-18) 14
Court structure and proceedings (0-5) 3.5
Case management (0-6) 4.5
Court automation (0-4) 3
Alternative dispute resolution (0-3) 3
Resolving Insolvency (rank) 23
Score 77.1
Outcome (0 as piecemeal sale and 1 as going concern) 1
Time (years) 1.9
Cost (% of estate) 4
Recovery rate (cents on the dollar) 82.2
Strength of insolvency framework index (0-16) 10.5
Commencement of proceedings index (0-3) 2.5
Management of debtor's assets index (0-6) 5.5
Reorganization proceedings index (0-3) 0.5
Creditor participation index (0-4) 2
Information provided by The World Bank Group

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