Annual growth of IP investments to boost industrial transformation of Taiwan
E190827Y9 | Sep. 2019（E238）
Department of Statistics under the Ministry of Economic Affairs released the statistics of Taiwan’s fixed-asset investments on August 27, 2019※. According to the statistics, Taiwan’s fixed-asset investments in 2018 substantively grew by 2.5% to TWD3.7 trillion, and the growth rate for the first half of 2019 even jumped to 7.2%. Taiwan’s investments have always come from private sectors which have accounted for more than 80% of the investments every year since 2014 mainly in such areas as construction, machinery, and equipment. In the meantime, the investments in intellectual property have grown steadily in response to the intended industrial transformation and upgrading.
Taiwan’s investments in intellectual property has been increasing year by year to make up 19.2% of overall fixed-asset investments in 2011, which rose to 23.9% in 2018, up 4.7% and surpassing Japan at a ratio of 22.4% in 2017, and also South Korea at 20.4%, but was lower than that of the US at 27.0%. With the increasing investments in knowledge capital, Taiwan is expected to gradually establish its competitive force and capacity for industrial innovation and originality. (August 2019)
※Information regarding fixed-asset investments contained in this article is based on the national income statistics (exclusive of land) of the Directorate-General of Budget, Accounting and Statistics of the Executive Yuan of Taiwan. As to the information based on the financial statements of listed and OTC companies, the additions of fixed-asset include land.