Taiwan | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.45 0.8 0.3 0.1 0.5 0.7 percent [+]
Unemployment Rate 3.83 3.81 3.87 3.85 3.91 4.15 percent [+]
Inflation Rate -0.04 1.1 1.5 1.6 1.9 2.9 percent [+]
Interest Rate 1.38 1.38 1.25 1.25 1.25 2 percent [+]
Balance of Trade 3360.00 3908 3993 3954 3936 3936 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 30.16 31.11 31.42 31.72 32.34 36.96 [+]
Stock Market 9876.45 9580 9480 9380 9190 7740 points [+]
Government Bond 10y 1.11 1.08 1.09 1.1 1.11 1.28 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.45 0.8 0.3 0.1 0.5 0.7 percent [+]
GDP Annual Growth Rate 2.88 2.6 2.3 1.7 1.5 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 3.83 3.81 3.87 3.85 3.91 4.15 percent [+]
Employed Persons 11307.00 11319 11346 11374 11402 11743 Thousand [+]
Unemployed Persons 453.00 449 451 450 450 450 Thousand [+]
Labor Force Participation Rate 58.81 58.8 58.79 58.79 58.79 58.79 percent [+]
Labour Costs 211.37 111 111 106 105 105 Index Points [+]
Productivity 116.43 111 112 112 112 112 Index Points [+]
Minimum Wages 21009.00 21009 21009 21009 21009 24300 TWD/Month [+]
Wages in Manufacturing 91089.00 41328 43269 43979 45875 49935 TWD/Month [+]
Population 23.53 23.54 23.55 23.56 23.58 23.71 Million [+]
Youth Unemployment Rate 12.18 12.25 12.38 12.3 12.22 12.27 percent [+]
Wages 93144.00 44980 44083 46500 47900 50900 TWD/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate -0.04 1.1 1.5 1.6 1.9 2.9 percent [+]
Consumer Price Index CPI 105.08 105 105 105 105 105 Index Points [+]
Core Consumer Prices 105.04 105 105 106 106 108 Index Points [+]
Core Inflation Rate 0.17 0.81 0.52 0.58 0.57 0.56 percent [+]
GDP Deflator 106.19 112 107 106 106 107 Index Points [+]
Producer Prices 86.40 85.85 85.24 85.39 85.4 85.39 Index Points [+]
Export Prices 89.34 89.07 89.03 89.06 89.05 89.05 Index Points [+]
Import Prices 79.94 79.79 79.53 79.52 79.52 79.52 Index Points [+]
Food Inflation -0.75 0.67 2.03 1.74 1.72 1.75 percent [+]
Cpi Transportation 94.76 94.79 94.58 94.58 94.59 94.59 Index Points [+]
Inflation Rate Mom -0.34 -0.1 -0.1 0.03 0.03 0.03 percent [+]
Producer Prices Change 2.19 -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 1.38 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 1992943.00 1787754 1754234 1761842 1761455 1761343 TWD Million [+]
Money Supply M1 6142600.00 6200128 6307986 6381965 6453799 7312647 TWD Million [+]
Money Supply M2 41828000.00 42005901 42421242 42862312 43301302 48515595 TWD Million [+]
Banks Balance Sheet 40612234.00 40854539 41200692 41546718 41891178 45903271 TWD Million [+]
Foreign Exchange Reserves 4376.61 4383 4401 4411 4416 4423 USD Hundred Million [+]
Loans to Private Sector 10142244.00 10218632 10229870 10237020 10241126 10245350 TWD Million [+]
Loan Growth 4.02 4.13 4.33 4.45 4.51 4.6 percent [+]
Central Bank Balance Sheet 16071256.00 16097837 16118787 16148470 16176109 16354591 TWD Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 3360.00 3908 3993 3954 3936 3936 USD Million [+]
Exports 22660.11 23877 23556 23560 23631 23619 USD Million [+]
Imports 19300.00 20293 19565 20066 19515 19534 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 110.60 110 110 110 110 110 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 787.51 860 837 871 869 865 Thousand [+]
Gold Reserves 423.63 423 423 423 423 423 Tonnes [+]
Foreign Direct Investment 204.71 611 616 658 659 660 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 54.50 51.5 51.2 50.8 51.5 53.51 [+]
Industrial Production 10.64 0.2 0.2 8.05 1.9 -1.1 percent [+]
Industrial Production Mom -8.11 1.43 1.57 0.4 0.21 0.38 percent [+]
Manufacturing Production 13.97 8.32 10.12 10.06 10.08 10.07 percent [+]
New Orders 33753.00 34783 37483 37458 37090 37178 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 20437.00 25484 21962 25135 22079 22268 Units [+]
Car Registrations 21532.15 21535 21550 21563 21577 21709 Thousand [+]
Leading Economic Index 110.40 118 128 133 134 135 Index Points [+]
Cement Production 935.43 981 1019 1014 1013 1015 Thousands of Tonnes [+]
Coincident Index 114.32 115 114 112 111 112 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 13.53 5.16 4.04 5.82 3.8 4.67 percent [+]
Steel Production 1715.00 1793 1784 1769 1777 1777 Thousand Tonnes [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 78.12 77.9 78.82 78.87 78.9 78.9 [+]
Retail Sales Mom 2.90 1.2 2.07 0.7 0.69 1.08 percent [+]
Retail Sales YoY -8.37 4.9 0.83 0.57 0.51 0.52 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 7675776.00 7708858 7779189 7838070 7894797 8343080 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 -44.67 -12.46 -16.67 -16.49 -16.51 -16.51 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. 3/28/2017