The current account surplus in Taiwan decreased by 7.67 billion to USD 14.04 billion in the third quarter of 2018 from a USD 21.71 billion surplus a year earlier, as the goods surplus dropped by USD 7.44 billion to USD 16.30 billion and the primary income surplus narrowed by USD 1.13 billion to USD 1.0 billion. On the other hand, the services deficit declined by USD 0.5 billion to USD 2.42 billion and the secondary income shortfall narrowed to USD 0.84 billion from USD 1.27 billion in Q3 2017. Current Account in Taiwan averaged 5958.25 USD Million from 1981 until 2018, reaching an all time high of 25639 USD Million in the fourth quarter of 2017 and a record low of -851 USD Million in the first quarter of 1981.
Current Account in Taiwan is expected to be 22500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Taiwan to stand at 19980.00 in 12 months time. In the long-term, the Taiwan Current Account is projected to trend around 21140.00 USD Million in 2020, according to our econometric models.