Taiwan | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.45 0.8 0.08 0.46 0.35 0.7 percent [+]
Unemployment Rate 3.84 3.9 3.87 3.85 3.91 4.15 percent [+]
Inflation Rate 2.25 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 3494.92 4073 4034 4018 4014 4015 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 30.64 32.99 33.31 33.63 33.96 38.81 [+]
Stock Market 9750.47 9020 8930 8830 8740 7360 points [+]
Government Bond 10y 1.07 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 0.45 0.8 0.08 0.46 0.35 0.7 percent [+]
GDP Annual Growth Rate 2.88 2 1.8 1.7 1.9 2.2 percent [+]
GDP 523.01 541 539 537 546 585 USD Billion [+]
GDP Constant Prices 4004048.00 4020151 4028240 4036727 4041698 4055706 TWD Million [+]
Gross National Product 4594814.00 4443764 4396171 4538166 4648740 4666557 TWD Million [+]
Gross Fixed Capital Formation 972388.00 905244 931598 983196 985595 979311 TWD Million [+]
GDP From Agriculture 60384.00 45816 55404 47334 59461 57994 TWD Million [+]
GDP From Construction 79420.00 94368 94829 96605 79901 82301 TWD Million [+]
GDP From Manufacturing 1241636.00 1130840 1207433 1299470 1257496 1253948 TWD Million [+]
GDP From Mining 3733.00 2832 3202 2974 3594 3399 TWD Million [+]
GDP From Public Administration 252902.00 263781 267993 268130 255249 259633 TWD Million [+]
GDP From Services 2682294.00 2566563 2572760 2588826 2722075 2774009 TWD Million [+]
GDP From Transport 120678.00 119007 119833 118249 123321 123354 TWD Million [+]
GDP From Utilities 41533.00 31323 30574 32981 39841 37012 TWD Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 3.84 3.9 3.87 3.85 3.91 4.15 percent [+]
Employed Persons 11320.00 11340 11369 11398 11427 11776 Thousand [+]
Unemployed Persons 445.00 437 432 428 426 424 Thousand [+]
Labor Force Participation Rate 58.78 58.77 58.77 58.77 58.77 58.77 percent [+]
Labour Costs 99.62 103 104 104 105 105 Index Points [+]
Productivity 107.53 108 109 109 109 109 Index Points [+]
Minimum Wages 21009.00 21009 21009 21009 21009 24300 TWD/Month [+]
Wages in Manufacturing 45572.00 41328 43269 43979 45875 49935 TWD/Month [+]
Population 23.53 23.54 23.55 23.56 23.58 23.71 Million [+]
Wages 47728.00 44980 44083 46500 47900 50900 TWD/Month [+]
Youth Unemployment Rate 12.01 11.97 12.18 12.29 12.2 12.18 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 2.25 1.1 1.5 1.6 1.9 2.9 percent [+]
Consumer Price Index CPI 105.44 106 106 106 106 106 Index Points [+]
Core Consumer Prices 105.50 105 106 106 106 108 Index Points [+]
Core Inflation Rate 1.65 1.36 1.44 1.5 1.5 1.51 percent [+]
GDP Deflator 106.19 112 107 106 106 107 Index Points [+]
Producer Prices 87.12 87.67 87.42 87.37 87.4 87.4 Index Points [+]
Export Prices 90.25 90.08 89.99 90.01 90.01 90.01 Index Points [+]
Import Prices 81.07 81.6 81.66 81.64 81.64 81.64 Index Points [+]
Food Inflation 2.98 3.91 3.78 3.94 3.85 3.88 percent [+]
Inflation Rate Mom -0.02 -0.1 -0.1 0.07 0.08 0.08 percent [+]
Cpi Transportation 94.95 95.39 95.22 95.2 95.21 95.2 Index Points [+]
Producer Prices Change 2.72 -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 1992943.00 1787754 1754234 1761842 1761455 1761343 TWD Million [+]
Money Supply M1 6283400.00 6332163 6423489 6504079 6584236 7528852 TWD Million [+]
Money Supply M2 41463000.00 41747968 42160430 42582080 43002132 47990074 TWD Million [+]
Banks Balance Sheet 40612234.00 40854539 41200692 41546718 41891178 45903271 TWD Million [+]
Foreign Exchange Reserves 4365.89 4377 4392 4401 4404 4410 USD Hundred Million [+]
Loans to Private Sector 10142244.00 10218632 10229870 10237020 10241126 10245350 TWD Million [+]
Loan Growth 4.14 4.34 4.67 4.85 4.96 5.09 percent [+]
Central Bank Balance Sheet 15887014.00 15905049 15884504 15873054 15863112 15802936 TWD Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 3494.92 4073 4034 4018 4014 4015 USD Million [+]
Exports 23741.00 24666 24398 24541 24562 24542 USD Million [+]
Imports 20246.00 20631 19997 20514 19990 20011 USD Million [+]
Current Account 18301.00 18164 17130 17085 17742 17457 USD Million [+]
Current Account to GDP 14.50 12.15 12.76 13.38 13.99 8.07 percent [+]
External Debt 172238.00 173705 174082 175910 175028 175748 USD Million [+]
Terms of Trade 110.70 110 109 109 109 109 Index Points [+]
Capital Flows 19247.00 18912 18053 18070 18782 18416 USD Million [+]
Remittances 52.00 52.86 52.86 52.86 52.86 52.86 USD Million [+]
Tourist Arrivals 824.80 881 856 883 884 880 Thousand [+]
Gold Reserves 423.63 423 423 423 423 423 Tonnes [+]
Foreign Direct Investment 366.86 685 730 730 732 732 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 581096.00 587071 588066 590152 591759 612933 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 55.60 51.5 51.2 50.8 51.5 54 [+]
Industrial Production 2.77 0.2 0.2 3.82 1.9 -1.1 percent [+]
Industrial Production Mom 4.32 1.11 0.58 0.41 0.35 0.37 percent [+]
Manufacturing Production 3.80 5.29 5.43 5.41 5.41 5.41 percent [+]
New Orders 35969.00 36984 38534 38422 38240 38293 USD Million [+]
Changes in Inventories -5238.00 3391 8500 7975 8397 9775 TWD Million [+]
Bankruptcies 2008.00 2073 2092 2088 2088 2088 Companies [+]
Car Production 23629.00 18881 14432 17476 14264 14440 Units [+]
Car Registrations 21526.81 21542 21558 21573 21588 21733 Thousand [+]
Leading Economic Index 108.00 107 107 107 107 107 Index Points [+]
Cement Production 1156.02 985 1045 1026 1031 1030 Thousands of Tonnes [+]
Coincident Index 113.43 109 106 104 103 106 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 61.00 62 62 61 61 61 Points [+]
Corruption Rank 31.00 32.52 32.59 32.67 32.74 31.98 [+]
Mining Production -5.50 -7.5 -8.24 -7.86 -7.92 -7.94 percent [+]
Steel Production 1870.00 1856 1843 1841 1845 1844 Thousand Tonnes [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 74.35 73.43 73.32 73.2 73.18 73.18 [+]
Retail Sales Mom 2.90 1.2 2.07 0.7 0.69 1.08 percent [+]
Retail Sales YoY 3.90 2.69 2.27 2.16 2.12 2.09 percent [+]
Consumer Spending 2216405.00 2226546 2236984 2247678 2258286 2382156 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 7662371.00 7699926 7763058 7820861 7875168 8305661 TWD Million [+]
Bank Lending Rate 2.63 2.63 2.63 2.63 2.63 2.63 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 277.06 274 275 275 274 270 Index Points [+]
Construction Output -20.68 -14.89 -14.9 -14.92 -14.92 -14.92 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. 2/26/2017