Market Intelligence Reports

APAC Market Report Q1 2021

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49 April, 2021 Taiwan Total Workforce (000s) Dec '20 11,967 Unemployed Workers (000s) 450 Unemployment Rate 3.8% Youth Unemployment Rate 12.4% 6,363 6,384 6,391 6,390 6,359 3.9% 3.9% 3.8% 3.8% 4.1% 5,117 5,129 5,136 5,131 5,110 3.5% 3.8% 3.6% 3.6% 3.9% 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 Male Employed Male Unemployed (%) Female Employed Female Unemployed (%) 67.3% 67.4% 67.4% 67.3% 67.2% 51.3% 51.5% 51.5% 51.4% 51.3% 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 Male Participation Rate Female Participation Rate Immigrants account for approximately 4% of the population. More than 90% of foreign born residents in Taiwan are from South East Asia (including Indonesia, Philippines and Vietnam) Approximately 960K Taiwanese have emigrated. Taiwan issued over 10,000 residence permits to people from Hong Kong during 2020 which was double the number from 2019. 9 Covid-19 deaths. Borders are closed with some very limited exceptions. Covid-19 tests and quarantine are required for arrivals. Non-essential shops are open. Most schools are open. According to the Statistical Yearbook, Taiwan had 972,043 immigrants living in the country during 2019. Impact of Covid-19 on Labor Force Over Time Labor Force Participation Rates by Gender Migration Migration Migrant Stock by Working Age (June 2020) Latest Labor Force Statistics Workforce Labor Force Employed and Unemployed by Gender Covid-19 – Daily Confirmed Cases (7 Day Average) Covid-19 Restriction Update (End of February 2021) Covid-19 Update and Restrictions Employed W orkers in Thousands Key Sources: https://www.ilo.org/ https://data.worldbank.org/ https://migrationdataportal.org/ https://www.un.org/development/desa/pd/ https://vivoclinic.com/ https://travel.state.gov/content/travel/en/traveladvisories/COVID-19-Country-Specific-Information.html https://eng.stat.gov.tw/ https://www.theguardian.com/world/2021/feb/25/number-of-hong-kong-residents-moving-to-taiwan-nearly- doubles-in-2020 https://thediplomat.com/2019/01/how-taiwanese-think-about- immigration/#:~:text=According%20to%20the%20Ministry%20of,%2C%20Vietnam%2C%20and%20the%20Phil ippines.

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