The current account surplus in Taiwan increased by USD 4.35 billion to USD 21.77 billion in the second quarter of 2020 from USD 17.42 billion in the same period of the previous year. It was the largest current account surplus since the first quarter of 2018, as the goods surplus widened to USD 15.49 billion from USD 14.40 billion a year earlier and the services account shifted to a USD 0.75 billion surplus from a USD 1.22 billion deficit. Additionally, the primary income surplus went up to USD 6.23 billion from USD 4.8 billion in Q2 2019. On the other hand, the secondary income gap increased to USD 0.70 billion from USD 0.57 billion. Considering the first half of the year, the country recorded a USD 39.88 billion surplus.
Current Account in Taiwan averaged 6474.64 USD Million from 1981 until 2020, reaching an all time high of 27901 USD Million in the fourth quarter of 2017 and a record low of -851 USD Million in the first quarter of 1981. This page provides - Taiwan Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Current Account - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Current Account in Taiwan is expected to be 17242.00 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 17921.00 in 12 months time. In the long-term, the Taiwan Current Account is projected to trend around 19550.00 USD Million in 2021 and 21600.00 USD Million in 2022, according to our econometric models.