Taiwan | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.96 0.25 0.8 0.08 0.46 0.7 percent [+]
Unemployment Rate 3.90 3.98 3.99 4.02 4.08 4.25 percent [+]
Inflation Rate 1.97 1.2 1.4 1.6 1.8 2.9 percent [+]
Interest Rate 1.38 1.38 1.25 1.25 1.25 2 percent [+]
Balance of Trade 4376.70 4088 3992 4001 4001 4000 USD Million [+]
Government Debt to GDP 31.70 33 31 31 31 34 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 31.93 32.27 32.59 32.91 33.23 38.34 [+]
Stock Market 9250.77 8910 8820 8730 8640 7200 points [+]
Government Bond 10y 1.18 1.2 1.21 1.23 1.24 1.43 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.96 0.25 0.8 0.08 0.46 0.7 percent [+]
GDP Annual Growth Rate 2.03 2.3 2 1.8 1.7 2.2 percent [+]
GDP 523.58 536 540 544 549 585 USD Billion [+]
GDP Constant Prices 3980028.00 3993868 4037739 4081561 4124101 4686645 TWD Million [+]
Gross National Product 4438774.00 4598478 4488501 4431048 4639190 5338001 TWD Million [+]
Gross Fixed Capital Formation 961652.00 1038808 875604 892878 904762 964810 TWD Million [+]
GDP From Agriculture 47489.00 59154 43400 51161 46107 33197 TWD Million [+]
GDP From Construction 97727.00 80687 95200 95403 96991 83717 TWD Million [+]
GDP From Manufacturing 1276085.00 1240849 1130840 1207433 1299470 1253948 TWD Million [+]
GDP From Mining 3042.00 3955 2979 3307 3077 3613 TWD Million [+]
GDP From Public Administration 270420.00 254188 264134 268286 268584 261465 TWD Million [+]
GDP From Services 2532739.00 2652394 2535273 2543628 2561244 2683587 TWD Million [+]
GDP From Transport 111280.00 114976 115544 115338 116751 128280 TWD Million [+]
GDP From Utilities 32924.00 37844 31982 29577 32945 34159 TWD Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 3.90 3.98 3.99 4.02 4.08 4.25 percent [+]
Employed Persons 11291.00 11308 11338 11367 11396 11773 Thousand [+]
Unemployed Persons 464.00 466 462 460 459 458 Thousand [+]
Labor Force Participation Rate 58.76 58.76 58.76 58.76 58.76 58.76 percent [+]
Labour Costs 98.16 104 104 105 105 105 Index Points [+]
Productivity 112.81 109 109 109 109 109 Index Points [+]
Minimum Wages 20008.00 20000 20500 20500 20500 22300 TWD/Month [+]
Wages in Manufacturing 43749.00 44757 41328 43269 43979 49935 TWD/Month [+]
Population 23.49 23.53 23.54 23.55 23.56 23.71 Million [+]
Wages 45205.00 47500 44980 44083 46500 50900 TWD/Month [+]
Youth Unemployment Rate 12.44 12.27 12.38 12.38 12.37 12.37 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 1.97 1.2 1.4 1.6 1.8 2.9 percent [+]
Consumer Price Index CPI 106.53 107 106 107 106 107 Index Points [+]
Core Consumer Prices 104.96 105 105 105 106 108 Index Points [+]
Core Inflation Rate 0.84 0.91 0.9 0.91 0.91 0.91 percent [+]
GDP Deflator 106.15 106 112 106 106 105 Index Points [+]
Producer Prices 85.29 85.69 85.7 85.59 85.61 85.61 Index Points [+]
Export Prices 88.59 88.95 88.84 88.84 88.84 88.84 Index Points [+]
Import Prices 77.48 77.72 77.8 77.8 77.8 77.8 Index Points [+]
Food Inflation 6.42 5.61 4.69 4.82 4.85 4.82 percent [+]
Inflation Rate Mom -0.43 -0.1 -0.1 -0.1 0.15 0.16 percent [+]
Cpi Transportation 93.34 93.13 92.99 93.03 93.02 93.02 Index Points [+]
Producer Prices Change -0.28 -2.2 -0.8 -0.5 0.2 0.9 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 1.38 1.38 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 1629179.00 1664503 1741941 1724775 1768533 2083375 TWD Million [+]
Money Supply M1 6179700.00 6196251 6298889 6402684 6508010 8044423 TWD Million [+]
Money Supply M2 40814700.00 41201170 41678788 42176733 42686362 49951436 TWD Million [+]
Banks Balance Sheet 40229120.00 40890458 41283242 41696536 42128233 48886577 TWD Million [+]
Foreign Exchange Reserves 4343.48 4342 4330 4325 4321 4318 USD Hundred Million [+]
Loans to Private Sector 10023723.00 10157689 10221957 10252309 10266414 10278191 TWD Million [+]
Loan Growth 3.56 3.69 3.83 3.92 3.97 4.03 percent [+]
Central Bank Balance Sheet 15813898.00 15792390 15759438 15730583 15705211 15554774 TWD Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 4376.70 4088 3992 4001 4001 4000 USD Million [+]
Exports 26749.38 25300 25300 25000 25000 25000 USD Million [+]
Imports 22372.68 20262 21331 20797 21373 20798 USD Million [+]
Current Account 17090.00 18716 19235 19783 19877 22710 USD Million [+]
Current Account to GDP 14.50 13.99 13.58 13.18 12.77 8.07 percent [+]
External Debt 171792.00 175509 177220 178994 179593 178508 USD Million [+]
Terms of Trade 114.30 114 114 114 114 114 Index Points [+]
Capital Flows 17279.00 19730 19370 18055 17872 18328 USD Million [+]
Remittances 52.00 52.85 52.86 52.86 52.86 52.86 USD Million [+]
Tourist Arrivals 845.87 844 846 837 838 839 Thousand [+]
Gold Reserves 423.63 424 424 423 423 423 Tonnes [+]
Foreign Direct Investment 207.46 827 1085 1018 1037 1033 USD Million [+]
Crude Oil Production 0.20 0.2 0.2 0.2 0.2 0.2 BBL/D/1K [+]
Terrorism Index 0.08 0.02 0.03 0.04 0.05 0.06 [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 31.70 33 31 31 31 34 percent [+]
Government Budget -1.50 -2.18 -2.23 -2.28 -2.33 -1.87 percent of GDP [+]
Government Budget Value -244.20 -200 -234 -252 -269 -262 TWD Billion [+]
Government Spending 587680.00 588453 590823 592649 594792 620240 TWD Million [+]
Government Revenues 2587.40 2540 2549 2553 2557 2559 TWD Billion [+]
Fiscal Expenditure 2831.60 2839 2864 2876 2889 3074 TWD Billion [+]
Military Expenditure 10310.00 10243 10210 10177 10201 10297 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Manufacturing PMI 54.70 51.7 51.5 51.2 50.8 52.96 [+]
Industrial Production 3.70 3.4 0.2 0.2 -3.03 -1.1 percent [+]
Industrial Production Mom 1.60 0.38 0.5 0.4 0.35 0.36 percent [+]
Manufacturing Production 5.70 3.78 1.85 2.21 2.57 2.16 percent [+]
New Orders 42683.00 40158 38802 39236 39260 39220 USD Million [+]
Changes in Inventories -2535.00 9650 5694 11248 9068 10755 TWD Million [+]
Bankruptcies 1981.00 3039 2101 2090 1955 1980 Companies [+]
Car Production 26850.00 30980 36905 33211 37140 33503 Units [+]
Car Registrations 21502.61 21508 21521 21532 21543 21661 Thousand [+]
Leading Economic Index 107.50 106 103 100 99.98 101 Index Points [+]
Cement Production 844.02 1003 966 981 974 976 Thousands of Tonnes [+]
Coincident Index 108.61 105 99.88 97.03 96.92 99.25 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 64.27 64.59 64.92 65.24 69.3 Points [+]
Corruption Rank 30.00 32.74 32.99 33.24 33.49 31.98 [+]
Mining Production -16.86 -10.24 -10.92 -12.03 -11.12 -11.45 percent [+]
Steel Production 1860.00 1848 1840 1828 1831 1832 Thousand Tonnes [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 77.71 77 77.35 77.32 77.3 77.3 [+]
Retail Sales Mom 7.90 0.76 2.32 0.44 0.2 0.19 percent [+]
Retail Sales YoY 0.42 1.47 1.41 1.41 1.41 1.41 percent [+]
Consumer Spending 2201202.00 2216328 2227590 2238843 2250447 2411993 TWD Million [+]
Disposable Personal Income 8092100.00 8265399 8309526 8353653 8397780 9014914 TWD Million [+]
Personal Savings 1721300.00 1785670 1793470 1801270 1809070 1922987 TWD Million [+]
Consumer Credit 7579357.00 7617276 7673371 7725292 7773954 8177802 TWD Million [+]
Bank Lending Rate 2.63 2.62 2.62 2.62 2.62 2.62 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 278.97 277 274 275 275 270 Index Points [+]
Construction Output -34.81 -7.97 -5.11 -15.64 -13.97 -12.97 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/6/2016