Taiwan | Economic Forecasts | 2016-2020 Outlook

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 3.84 3.87 3.85 3.91 3.85 4.15 percent [+]
Inflation Rate 0.18 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 3933.06 4014 3972 3954 3953 3953 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 30.33 30.62 30.93 31.84 31.53 36.38 [+]
Stock Market 9717.95 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 2.88 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 79420.00 94829 96605 79901 93643 82301 TWD Million [+]
GDP From Manufacturing 1241636.00 1208098 1300000 1258651 1155472 1255245 TWD Million [+]
GDP From Mining 3733.00 3202 2974 3594 2818 3399 TWD Million [+]
GDP From Public Administration 252902.00 267993 268130 255249 263847 259633 TWD Million [+]
GDP From Services 2682294.00 2572760 2588826 2722075 2610838 2774009 TWD Million [+]
GDP From Transport 120678.00 119833 118249 123321 121617 123354 TWD Million [+]
GDP From Utilities 41533.00 30574 32981 39841 31730 37012 TWD Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 3.84 3.87 3.85 3.91 3.85 4.15 percent [+]
Employed Persons 11313.00 11340 11368 11396 11424 11735 Thousand [+]
Unemployed Persons 445.00 444 442 441 441 440 Thousand [+]
Labor Force Participation Rate 58.81 58.8 58.8 58.8 58.8 58.8 percent [+]
Labour Costs 211.37 111 106 105 105 105 Index Points [+]
Productivity 116.43 112 112 112 112 112 Index Points [+]
Minimum Wages 21009.00 21009 21009 21009 22000 24300 TWD/Month [+]
Wages in Manufacturing 91089.00 43269 43979 45875 49389 49935 TWD/Month [+]
Population 23.53 23.55 23.56 23.58 23.59 23.71 Million [+]
Youth Unemployment Rate 12.01 12.09 12.25 12.24 12.16 12.18 percent [+]
Wages 93144.00 45600 46000 48400 45230 50900 TWD/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 0.18 1.5 1.3 1.9 2.1 2.9 percent [+]
Consumer Price Index CPI 104.66 105 105 105 105 105 Index Points [+]
Core Consumer Prices 104.96 105 105 106 106 107 Index Points [+]
Core Inflation Rate 0.95 0.61 0.69 0.67 0.68 0.67 percent [+]
GDP Deflator 106.19 107 106 106 112 107 Index Points [+]
Producer Prices 85.99 85.52 85.63 85.64 85.63 85.63 Index Points [+]
Export Prices 88.90 88.81 88.86 88.85 88.85 88.85 Index Points [+]
Import Prices 79.13 78.58 78.58 78.59 78.59 78.59 Index Points [+]
Food Inflation -1.72 1.03 0.25 0.44 0.41 0.41 percent [+]
Cpi Transportation 94.43 94.02 94.08 94.09 94.08 94.08 Index Points [+]
Inflation Rate Mom -0.37 -0.1 0 0 0 0 percent [+]
Producer Prices Change 1.84 -0.5 0.2 0.4 1.97 0.9 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 1787110.00 1739891 1746161 1745587 1745499 1745522 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 40868746.00 41325482 41679088 42031181 42381696 46135078 TWD Million [+]
Foreign Exchange Reserves 43753.00 30805 31670 30532 29659 21474 USD Hundred Million [+]
Loans to Private Sector 10149714.00 10165460 10161578 10160450 10160205 10160257 TWD Million [+]
Loan Growth 4.02 4.33 4.45 4.51 4.55 4.6 percent [+]
Central Bank Balance Sheet 16229446.00 16279236 16338143 16392450 16441587 16751770 TWD Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 3933.06 4014 3972 3954 3953 3953 USD Million [+]
Exports 25711.01 24456 24444 24606 24612 24587 USD Million [+]
Imports 21777.95 20620 21031 20428 20993 20445 USD Million [+]
Current Account 18301.00 17130 17085 17742 17667 17457 USD Million [+]
Current Account to GDP 14.50 12.76 13.38 13.99 13.58 8.07 percent [+]
External Debt 172238.00 174082 175910 175028 176312 175748 USD Million [+]
Terms of Trade 111.80 112 112 112 112 112 Index Points [+]
Capital Flows 19247.00 18053 18070 18782 18471 18416 USD Million [+]
Remittances 52.00 52.86 52.86 52.86 52.86 52.86 USD Million [+]
Tourist Arrivals 787.51 837 871 869 862 865 Thousand [+]
Gold Reserves 423.63 423 423 423 423 423 Tonnes [+]
Foreign Direct Investment 522.09 604 644 647 648 649 USD Million [+]
Crude Oil Production 0.20 0.2 0.2 0.2 0.2 0.2 BBL/D/1K [+]
Terrorism Index 0.08 0.04 0.03 0.02 0.03 0.06 [+]
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 2587.40 2549 2553 2557 2561 2559 TWD Billion [+]
Fiscal Expenditure 2831.60 2864 2876 2889 2904 3074 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 56.20 55.7 54.9 54.4 53.5 53.5 [+]
Industrial Production 3.22 0.2 5.54 1.9 5.57 -1.1 percent [+]
Industrial Production Mom -0.10 1.24 0.52 0.24 0.32 0.35 percent [+]
Manufacturing Production 4.70 7.88 7.79 7.83 7.83 7.83 percent [+]
New Orders 36625.00 38483 38047 37815 37897 37891 USD Million [+]
Changes in Inventories -5238.00 8500 7975 8397 8938 9775 TWD Million [+]
Bankruptcies 1489.00 2045 2026 2027 2027 2027 Companies [+]
Car Production 29036.00 27303 31016 27957 31086 28159 Units [+]
Car Registrations 21553.38 21578 21597 21616 21634 21798 Thousand [+]
Leading Economic Index 110.40 106 104 103 103 103 Index Points [+]
Cement Production 799.54 997 985 980 987 984 Thousands of Tonnes [+]
Coincident Index 112.03 100 92.39 90.5 93.48 97.28 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 [+]
Mining Production -1.80 -1.92 -0.99 -2.04 -1.37 -1.6 percent [+]
Steel Production 1715.00 1784 1769 1777 1779 1777 Thousand Tonnes [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 78.12 78.82 78.87 78.9 78.9 78.9 [+]
Retail Sales Mom 7.47 8.58 2.07 -0.48 -0.76 3.26 percent [+]
Retail Sales YoY 1.74 0.08 -0.05 -0.05 -0.05 -0.04 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 7663027.00 7724577 7760397 7798416 7832755 8089345 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 277.06 275 275 274 273 270 Index Points [+]
Construction Output 0.90 -13.76 -13.2 -13.22 -13.22 -13.22 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 [+]





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. 4/24/2017