Taiwan | Economic Forecasts | 2017-2020 Outlook

This page has 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.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.45 0.3 0.1 0.5 0.6 0.7 percent [+]
Unemployment Rate 3.78 3.87 3.85 3.91 3.85 4.15 percent [+]
Inflation Rate 0.12 1.5 1.3 1.9 2.1 2.9 percent [+]
Interest Rate 1.38 1.25 1.25 1.25 1.25 2 percent [+]
Balance of Trade 2783.87 3833 3860 3820 3816 3820 USD Million [+]
Government Debt to GDP 31.70 31 31 31 31.85 34 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 30.03 30.62 30.93 31.84 31.53 36.38 [+]
Stock Market 10007.84 9710 9620 9320 9420 7850 points [+]
Government Bond 10y 1.08 1.13 1.14 1.15 1.16 1.34 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.45 0.3 0.1 0.5 0.6 0.7 percent [+]
GDP Annual Growth Rate 2.56 2.6 1.9 1.7 1.9 2.2 percent [+]
GDP 523.01 539 537 546 539 585 USD Billion [+]
GDP Constant Prices 4004048.00 4028240 4036727 4041698 4045880 4055706 TWD Million [+]
Gross National Product 4594814.00 4396171 4538166 4648740 4505964 4666557 TWD Million [+]
Gross Fixed Capital Formation 972388.00 931598 983196 985595 928506 979311 TWD Million [+]
GDP From Agriculture 60384.00 55404 47334 59461 45979 57994 TWD Million [+]
GDP From Construction 96074.00 95950 97376 80417 95620 83009 TWD Million [+]
GDP From Manufacturing 1137149.00 1214386 1304746 1262346 1163487 1260898 TWD Million [+]
GDP From Mining 3733.00 3202 2974 3594 2818 3399 TWD Million [+]
GDP From Public Administration 266846.00 268850 268846 256308 267241 263015 TWD Million [+]
GDP From Services 2682294.00 2572760 2588826 2722075 2610838 2774009 TWD Million [+]
GDP From Transport 117720.00 118652 117142 122355 119849 121741 TWD Million [+]
GDP From Utilities 29496.00 29725 33096 39541 30350 36519 TWD Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 3.78 3.87 3.85 3.91 3.85 4.15 percent [+]
Employed Persons 11325.00 11341 11370 11398 11427 11738 Thousand [+]
Unemployed Persons 432.00 431 423 419 417 414 Thousand [+]
Labor Force Participation Rate 58.70 58.71 58.71 58.71 58.71 58.71 percent [+]
Productivity 111.17 112 112 112 112 112 Index Points [+]
Labour Costs 109.59 108 106 105 105 105 Index Points [+]
Minimum Wages 21009.00 21009 21009 21009 22000 24300 TWD/Month [+]
Wages in Manufacturing 43788.00 43269 43979 45875 44083 49935 TWD/Month [+]
Population 23.53 23.55 23.56 23.58 23.59 23.71 Million [+]
Wages 45720.00 45600 46000 48400 45230 50900 TWD/Month [+]
Youth Unemployment Rate 12.01 12.09 12.25 12.24 12.16 12.18 percent [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 0.12 1.5 1.3 1.9 2.1 2.9 percent [+]
Consumer Price Index CPI 104.94 105 105 105 105 105 Index Points [+]
Core Consumer Prices 105.71 106 106 106 106 108 Index Points [+]
Core Inflation Rate 1.01 0.8 0.9 0.91 0.92 0.91 percent [+]
GDP Deflator 106.19 107 106 106 112 107 Index Points [+]
Producer Prices 85.20 84.6 84.75 84.81 84.79 84.79 Index Points [+]
Export Prices 87.95 87.82 87.95 87.94 87.94 87.94 Index Points [+]
Import Prices 78.42 78 77.96 77.98 77.98 77.98 Index Points [+]
Food Inflation -2.38 -0.4 -1.22 -0.92 -1.02 -0.99 percent [+]
Producer Prices Change 1.12 -0.5 0.2 0.4 0.53 0.9 percent [+]
Cpi Housing Utilities 101.69 102 102 102 102 102 Index Points [+]
Cpi Transportation 94.36 94.21 94.27 94.28 94.28 94.28 Index Points [+]
Inflation Rate Mom 0.27 -0.1 0.02 0.01 0.01 0.01 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 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 1752270.00 1736144 1742718 1742025 1741955 1741978 TWD Million [+]
Money Supply M1 6190400.00 6302231 6374872 6446411 6519326 7300675 TWD Million [+]
Money Supply M2 41921200.00 42318699 42754325 43185631 43616531 48311011 TWD Million [+]
Banks Balance Sheet 40982941.00 41334264 41688431 42041113 42392221 46152344 TWD Million [+]
Foreign Exchange Reserves 4384.26 4393 4401 4406 4408 4411 USD Hundred Million [+]
Loans to Private Sector 10127168.00 10085951 10068926 10061836 10058827 10056476 TWD Million [+]
Loan Growth 3.79 3.8 3.76 3.73 3.72 3.71 percent [+]
Central Bank Balance Sheet 16135736.00 16178320 16211727 16246531 16278132 16474399 TWD Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 2783.87 3833 3860 3820 3816 3820 USD Million [+]
Exports 24317.35 24503 24491 24646 24652 24628 USD Million [+]
Imports 21533.48 21446 21911 21336 21863 21342 USD Million [+]
Current Account 16392.00 16369 16977 17490 16668 16818 USD Million [+]
Current Account to GDP 14.50 12.76 13.38 13.99 13.58 8.07 percent [+]
External Debt 182270.00 185615 187798 188150 190807 191363 USD Million [+]
Terms of Trade 112.20 112 113 113 113 113 Index Points [+]
Capital Flows 16316.00 16926 16635 16985 16546 16795 USD Million [+]
Remittances 52.00 52.86 52.86 52.86 52.86 52.86 USD Million [+]
Tourist Arrivals 926.81 848 879 886 879 880 Thousand [+]
Gold Reserves 423.63 423 423 423 423 423 Tonnes [+]
Terrorism Index 0.08 0.04 0.03 0.02 0.03 0.06 [+]
Crude Oil Production 0.20 0.2 0.2 0.2 0.2 0.2 BBL/D/1K [+]
Foreign Direct Investment 522.09 604 644 647 648 649 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 31.70 31 31 31 31.85 34 percent [+]
Government Budget -1.40 -1.94 -1.82 -1.71 -1.87 -2.19 percent of GDP [+]
Government Budget Value -244.20 -234 -252 -269 -267 -262 TWD Billion [+]
Government Spending 581096.00 588066 590152 591759 593667 612933 TWD Million [+]
Government Revenues 2625.20 2558 2558 2558 2622 2619 TWD Billion [+]
Fiscal Expenditure 2839.33 2884 2884 2884 2914 3032 TWD Billion [+]
Military Expenditure 10310.00 10243 10210 10177 10201 10297 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Manufacturing PMI 54.40 55.7 54.9 54.4 53.5 53.5 [+]
Industrial Production -0.59 0.2 0.45 1.9 0.45 -1.1 percent [+]
Industrial Production Mom -2.50 0.83 0.43 0.23 0.33 0.35 percent [+]
Manufacturing Production 0.80 2.79 2.98 2.95 2.96 2.96 percent [+]
New Orders 35614.00 38249 38047 37815 37777 37788 USD Million [+]
Changes in Inventories -5238.00 8500 7975 8397 8938 9775 TWD Million [+]
Bankruptcies 2060.00 2059 2045 2046 2046 2046 Companies [+]
Car Production 23551.00 21846 24928 21694 24885 21869 Units [+]
Car Registrations 21560.79 21571 21589 21606 21623 21776 Thousand [+]
Leading Economic Index 110.20 107 105 104 104 104 Index Points [+]
Mining Production -3.00 -1.05 -0.58 -0.83 -0.74 -0.75 percent [+]
Steel Production 1900.00 1840 1821 1836 1838 1835 Thousand Tonnes [+]
Cement Production 997.80 998 996 986 996 992 Thousands of Tonnes [+]
Coincident Index 110.72 109 108 107 107 106 Index Points [+]
Competitiveness Index 5.28 5.29 5.29 5.29 5.28 5.28 Points [+]
Competitiveness Rank 14.00 14 14 14 14 14 [+]
Ease Of Doing Business 11.00 11 11 11 11 11 [+]
Corruption Index 61.00 62 61 61 61 61 Points [+]
Corruption Rank 31.00 32 32 32 33 31 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 78.20 77.85 77.89 77.9 77.9 77.9 [+]
Retail Sales Mom 1.20 7.39 0.67 -0.86 -1.46 0.04 percent [+]
Retail Sales YoY 0.40 0.41 0.14 0.11 0.11 0.12 percent [+]
Consumer Spending 2216405.00 2236984 2247678 2258286 2268900 2382156 TWD Million [+]
Disposable Personal Income 8092100.00 8198013 8223677 8249341 8287133 8816382 TWD Million [+]
Personal Savings 1721300.00 1727865 1756768 1785670 1793470 1922987 TWD Million [+]
Consumer Credit 7678942.00 7744468 7789377 7835196 7877194 8191426 TWD Million [+]
Bank Lending Rate 2.63 2.63 2.63 2.63 2.63 2.63 percent [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Housing Index 278.24 280 281 281 281 284 Index Points [+]
Construction Output -1.60 -11.1 -10.09 -10.16 -10.16 -10.16 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 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 9.18 9.09 9 9 9 percent [+]
Social Security Rate For Companies 7.00 7.17 7.17 7.17 7.16 7.14 percent [+]
Social Security Rate For Employees 2.00 2 2 2 2 2 percent [+]