Taiwan | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.96 0.8 0.08 0.46 0.35 0.7 percent [+]
Unemployment Rate 3.84 3.88 3.87 3.85 3.91 4.15 percent [+]
Inflation Rate 1.70 1.1 1.5 1.6 1.9 2.9 percent [+]
Interest Rate 1.38 1.25 1.25 1.25 1.25 2 percent [+]
Balance of Trade 4864.00 4002 4016 4020 4019 4019 USD Million [+]
Government Debt to GDP 31.70 31 31 31 31 34 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 31.60 32.99 33.31 33.63 33.96 38.81 [+]
Stock Market 9331.46 9020 8930 8830 8740 7360 points [+]
Government Bond 10y 1.19 1.29 1.3 1.31 1.32 1.51 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.96 0.8 0.08 0.46 0.35 0.7 percent [+]
GDP Annual Growth Rate 2.03 2 1.8 1.7 1.9 2.2 percent [+]
GDP 523.01 541 539 537 546 585 USD Billion [+]
GDP Constant Prices 3980028.00 4134270 4199012 4240435 4267442 4735288 TWD Million [+]
Gross National Product 4438774.00 4488501 4431048 4639190 4774715 5338001 TWD Million [+]
Gross Fixed Capital Formation 961652.00 876658 893138 904136 976042 965836 TWD Million [+]
GDP From Agriculture 47489.00 43400 51161 46107 44816 33197 TWD Million [+]
GDP From Construction 97727.00 95200 95403 96991 81368 83717 TWD Million [+]
GDP From Manufacturing 1276085.00 1130840 1207433 1299470 1257496 1253948 TWD Million [+]
GDP From Mining 3042.00 2979 3307 3077 3837 3613 TWD Million [+]
GDP From Public Administration 270420.00 264134 268286 268584 256669 261465 TWD Million [+]
GDP From Services 2532739.00 2535273 2543628 2561244 2668103 2683587 TWD Million [+]
GDP From Transport 111280.00 115544 115338 116751 117606 128280 TWD Million [+]
GDP From Utilities 32924.00 31982 29577 32945 36312 34159 TWD Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 3.84 3.88 3.87 3.85 3.91 4.15 percent [+]
Employed Persons 11307.00 11344 11373 11402 11432 11781 Thousand [+]
Unemployed Persons 455.00 442 437 434 432 430 Thousand [+]
Labor Force Participation Rate 58.76 58.76 58.75 58.75 58.75 58.75 percent [+]
Labour Costs 92.37 104 104 105 105 105 Index Points [+]
Productivity 115.79 113 113 113 113 113 Index Points [+]
Minimum Wages 21009.00 21009 21009 21009 21009 24300 TWD/Month [+]
Wages in Manufacturing 41927.00 41328 43269 43979 45875 49935 TWD/Month [+]
Population 23.49 23.5 23.51 23.52 23.53 23.71 Million [+]
Wages 43069.00 44980 44083 46500 47900 50900 TWD/Month [+]
Youth Unemployment Rate 12.31 12.35 12.35 12.33 12.34 12.34 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.70 1.1 1.5 1.6 1.9 2.9 percent [+]
Consumer Price Index CPI 105.46 105 106 105 106 106 Index Points [+]
Core Consumer Prices 104.80 105 105 105 106 107 Index Points [+]
Core Inflation Rate 0.81 0.82 0.82 0.82 0.82 0.82 percent [+]
GDP Deflator 106.15 112 106 106 105 105 Index Points [+]
Producer Prices 86.19 86.69 86.46 86.46 86.48 86.47 Index Points [+]
Export Prices 90.08 90.07 90.01 90.02 90.02 90.02 Index Points [+]
Import Prices 79.86 80.47 80.46 80.45 80.45 80.45 Index Points [+]
Food Inflation 4.47 4.22 4.11 4.24 4.17 4.19 percent [+]
Inflation Rate Mom -1.00 -0.1 -0.1 0.08 0.09 0.09 percent [+]
Cpi Transportation 94.18 94.6 94.48 94.47 94.48 94.48 Index Points [+]
Producer Prices Change 1.41 -0.8 -0.5 0.2 0.4 0.9 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 1.38 1.25 1.25 1.25 1.25 2 percent [+]
Interbank Rate 0.66 0.65 0.65 0.65 0.65 0.65 percent [+]
Money Supply M0 1639543.00 1628751 1629420 1629427 1629411 1629414 TWD Million [+]
Money Supply M1 6186100.00 6345628 6448070 6552302 6658264 8072028 TWD Million [+]
Money Supply M2 40965439.00 41539779 42026117 42528424 43040818 49727615 TWD Million [+]
Banks Balance Sheet 40270188.00 40735342 41075600 41414295 41751417 45676691 TWD Million [+]
Foreign Exchange Reserves 4342.04 4330 4325 4321 4320 4318 USD Hundred Million [+]
Loans to Private Sector 10093569.00 10156196 10177656 10187817 10192494 10196222 TWD Million [+]
Loan Growth 3.65 3.93 4.04 4.09 4.13 4.17 percent [+]
Central Bank Balance Sheet 16125453.00 16185743 16237268 16284489 16327372 16616507 TWD Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 4864.00 4002 4016 4020 4019 4019 USD Million [+]
Exports 25697.00 25698 25425 25432 25472 25464 USD Million [+]
Imports 20834.00 21339 20805 21383 20792 20806 USD Million [+]
Current Account 17090.00 18716 19235 19783 19877 22710 USD Million [+]
Current Account to GDP 14.50 12.15 12.76 13.38 13.99 8.07 percent [+]
External Debt 171792.00 177220 178994 179593 179488 178508 USD Million [+]
Terms of Trade 112.40 112 112 112 112 112 Index Points [+]
Capital Flows 17279.00 19370 18055 17872 18851 18328 USD Million [+]
Remittances 52.00 52.86 52.86 52.86 52.86 52.86 USD Million [+]
Tourist Arrivals 891.16 863 849 852 854 853 Thousand [+]
Gold Reserves 423.63 424 423 423 423 423 Tonnes [+]
Foreign Direct Investment 342.45 848 873 882 880 880 USD Million [+]
Crude Oil Production 0.20 0.2 0.2 0.2 0.2 0.2 BBL/D/1K [+]
Terrorism Index 0.08 0.05 0.04 0.03 0.02 0.06 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 31.70 31 31 31 31 34 percent [+]
Government Budget -1.40 -2.05 -1.94 -1.82 -1.71 -2.19 percent of GDP [+]
Government Budget Value -244.20 -217 -234 -252 -269 -262 TWD Billion [+]
Government Spending 587680.00 590823 592649 594792 596772 620240 TWD Million [+]
Government Revenues 2587.40 2544 2549 2553 2557 2559 TWD Billion [+]
Fiscal Expenditure 2831.60 2851 2864 2876 2889 3074 TWD Billion [+]
Military Expenditure 10310.00 10243 10210 10177 10201 10297 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Manufacturing PMI 56.20 51.5 51.2 50.8 51.5 54.25 [+]
Industrial Production 8.83 0.2 0.2 0.6 1.9 -1.1 percent [+]
Industrial Production Mom 1.79 0.29 0.4 0.39 0.36 0.36 percent [+]
Manufacturing Production 10.36 8.62 8.6 8.61 8.61 8.61 percent [+]
New Orders 41240.00 39859 40204 40347 40292 40293 USD Million [+]
Changes in Inventories -2535.00 5694 11248 9068 10758 10755 TWD Million [+]
Bankruptcies 2132.00 2031 2034 2034 2034 2034 Companies [+]
Car Production 27022.00 21265 17288 20874 17228 17417 Units [+]
Car Registrations 21512.92 21534 21548 21561 21574 21702 Thousand [+]
Leading Economic Index 107.30 107 107 107 107 107 Index Points [+]
Cement Production 967.50 958 977 968 971 971 Thousands of Tonnes [+]
Coincident Index 111.65 109 106 104 103 106 Index Points [+]
Competitiveness Index 5.28 5.29 5.29 5.29 5.29 5.28 Points [+]
Competitiveness Rank 14.00 13.62 13.62 13.62 13.62 13.44 [+]
Ease Of Doing Business 11.00 11 11 11 11 11 [+]
Corruption Index 62.00 63.19 63.55 63.91 64.26 69.29 Points [+]
Corruption Rank 30.00 32.52 32.59 32.67 32.74 31.98 [+]
Mining Production -15.09 -11.86 -13.51 -12.02 -12.89 -12.6 percent [+]
Steel Production 1765.00 1818 1802 1807 1810 1808 Thousand Tonnes [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 77.22 76.81 76.73 76.71 76.71 76.71 [+]
Retail Sales Mom 0.30 1.61 0.34 0.36 0.11 0.24 percent [+]
Retail Sales YoY 2.50 1.53 1.55 1.55 1.55 1.55 percent [+]
Consumer Spending 2201202.00 2227528 2238744 2250309 2261989 2411267 TWD Million [+]
Disposable Personal Income 8092100.00 8182989 8210459 8237929 8265399 9014914 TWD Million [+]
Personal Savings 1721300.00 1698962 1727865 1756768 1785670 1922987 TWD Million [+]
Consumer Credit 7611657.00 7699926 7763058 7820861 7875168 8305661 TWD Million [+]
Bank Lending Rate 2.63 2.62 2.62 2.62 2.62 2.62 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 278.97 274 275 275 274 270 Index Points [+]
Construction Output -10.39 -12.74 -12.59 -12.6 -12.6 -12.6 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 17.00 17 17 17 17 17 percent [+]
Personal Income Tax Rate 45.00 45 45 45 45 45 percent [+]
Sales Tax Rate 5.00 5 5 5 5 5 percent [+]
Social Security Rate 9.00 9 9 9 9 9 percent [+]
Social Security Rate For Companies 7.00 7 7 7 7 7 percent [+]
Social Security Rate For Employees 2.00 2 2 2 2 2 percent [+]





Economic Forecasts for Taiwan including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Taiwan economy. 1/21/2017