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City Review

Taipei City Review

Jun 2017

US$725

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About This Report

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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Despite being a capital of a country with limited recognition, given that it is not a member of the UN, Taipei still stands out as a global high-tech hub and one of the wealthiest cities in Asia, with the service sector dominating the economic sphere of the city. In 2016, Taipei generated 37% of the country's total GDP. It boasted one of the highest levels of annual disposable income per household among the Asia Pacific region capitals (USD48,000) in 2016.

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Overview

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TAIPEI HIGHLIGHTS

Taipei is the capital and major economic centre of Taiwan. The city's economy benefits from a notable concentration of business services (29% of the GVA in Taipei versus 15% in the rest of the country in 2016) and high-tech manufacturing, making the city stand out not only compared with other regions of Taiwan but also compared with prominent Asian cities. As a result, Taipei's labour productivity (or GVA per employee) was 42% above that in the rest of the country in 2016.

Higher labour productivity levels boost disposable income

Greater levels of labour productivity result in higher disposable incomes in Taipei. In 2016, disposable income per household was 20% higher in the city than in the rest of Taiwan. In comparison to other cities, Taipei's households (USD48,000) do earn more than the ones in Seoul (USD42,800) and Kuala Lumpur (USD33,500), but lag behind Tokyo's (USD57,500).

Greater spending on recreation and culture, and clothing and footwear

In 2016, consumer spending (excluding transport and housing) per household was 18% higher in the city compared with the average in the rest of Taiwan. In accordance with higher incomes, Taipei's households demonstrate a greater inclination towards recreation and culture (+53% in absolute spending in 2016) and clothing and footwear (+30%) than those elsewhere in the country.

One of the most expensive real estate globally

Transport and housing expenditure together in Taipei came out 22% higher than in the rest of the country in 2016. Most of this difference comes from the fact that Taipei's real estate is regarded as one of the most expensive in the world, despite the sharply falling prices in the 2015/2016. Despite the income advantage of 20% when compared to the rest of the country, Taipei comes out as rather an unaffordable city.

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TAIPEI REVIEW AT A GLANCE

Understanding Taipei Review structure

Chart 1 Overview

Key facts on Taipei

Summary 1 Key Facts On Taipei 2011, 2016, 2021

TAIPEI HIGHLIGHTS

History

Delimitation of the metropolitan region

Chart 2 Map Of Taipei Metropolitan Area

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Chart 3 Industrial Composition Of Taipei 2016
Chart 4 Labour Productivity: Selected Cities 2016

Recent developments and outlook

Chart 5 Dynamics Of Real GDP In Taipei, Taiwan And Other Cities In Asia, 2011-2021
Summary 2 Labour Market Changes In Taipei 2011, 2016

CONSUMER PROFILE

City demographics

Chart 6 Population By Age 2016
Chart 7 Drivers Of Population Growth In Taipei 2011-2016

Household income

Chart 8 Household Distribution By Income In Taipei 2016 And 2021

CONSUMER EXPENDITURE

Structure of household budget

Chart 9 Comparison Of Household Expenditure In Taipei And Taiwan, 2016
Summary 3 Taipei Household Budget Structure By Consumer Expenditure Item, % of total, 2011, 2016, 2021

City lifestyle

Taipei - Host Of The 2017 Summer Universiade
Taipei's Growing Motorisation Profits The City's Car Parks

City affordability

Housing
Chart 10 Household Expenditure On Housing: Selected Cities 2016
Transport
Chart 11 Household Expenditure On Transport: Selected Cities 2016

DEFINITIONS

APPENDIX

Summary 4 GDP Development, 2011, 2016, 2021
Summary 5 GDP By Origin, Current Prices, US$, Million, 2011-2016
Summary 6 Population And Labour Force, 2011-2016
Summary 7 Employed Population By Economic Sector, % of total, 2011-2016
Summary 8 Population By Sex And Broad Age Groups, ‘000, 2011-2016
Summary 9 Population Growth, 2011-2016
Summary 10 Forecast Population Growth
Summary 11 Population By Educational Attainment, 2011-2016
Summary 12 Structure Of Consumer Expenditure By Main Category, 2011-2016
Summary 13 Consumer Expenditure By Main Category, Per Household, Constant (2016) Prices, US$, 2011, 2016, 2021
Summary 14 Households By Income Band, % Of Total, Constant (2016) Prices 2011, 2016, 2021
Summary 15 Households By Income Band, ‘000, Current Prices 2011-2016
Summary 16 Inflation, 2011-2016
Summary 17 Transport Indicators, 2011-2016
Summary 18 Air Pollution, Concentration In Micrograms Per Cubic Metre, 2011-2016
Summary 19 Possession of Consumer Durables, % of Households, 2011, 2016, 2021

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Overview

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TAIPEI HIGHLIGHTS

Higher labour productivity levels boost disposable income

Greater spending on recreation and culture, and clothing and footwear

One of the most expensive real estate globally

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Table of Contents

TAIPEI REVIEW AT A GLANCE

Understanding Taipei Review structure

Key facts on Taipei

TAIPEI HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

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Megatrends

City Review

Taipei City Review

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

TAIPEI HIGHLIGHTS

Higher labour productivity levels boost disposable income

Greater spending on recreation and culture, and clothing and footwear

One of the most expensive real estate globally

Want to find out more about this report?

Table of Contents

TAIPEI REVIEW AT A GLANCE

Understanding Taipei Review structure

Key facts on Taipei

TAIPEI HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

Want to find out more about this report?

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