Taiwan | Economic Forecasts | 2017-2020 Outlook

This page has 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.


Overview Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 0.12 0.5 0.6 0.7 1.3 0.7 percent [+]
Unemployment Rate 3.76 3.81 3.85 3.9 3.92 4.15 percent [+]
Inflation Rate 0.50 1 1.2 1.2 1 3.2 percent [+]
Interest Rate 1.38 1.38 1.38 1.38 1.75 2 percent [+]
Balance of Trade 6690.00 5497 4845 4355 3946 2118 USD Million [+]
Government Debt to GDP 31.20 31 32 32 29.97 34 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 30.22 30.13 29.82 29.52 29.21 25.87 [+]
Stock Market 10728.88 10400 10300 10200 10100 8950 points [+]
Government Bond 10y 1.03 1.04 1.05 1.06 1.07 1.18 percent [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 0.12 0.5 0.6 0.7 1.3 0.7 percent [+]
GDP Annual Growth Rate 2.13 2.1 2 2.1 2.5 2.2 percent [+]
GDP 523.01 546 525 526 528 585 USD Billion [+]
GDP Constant Prices 4036331.00 4046257 4047306 4046993 4045889 4025169 TWD Million [+]
Gross National Product 4310575.00 4442656 4389403 4356472 4358985 4370610 TWD Million [+]
Gross Fixed Capital Formation 880950.00 938318 909430 899073 893437 901463 TWD Million [+]
GDP From Agriculture 57997.00 59890 48748 58547 48171 59361 TWD Million [+]
GDP From Construction 95131.00 82408 93515 95015 96335 87756 TWD Million [+]
GDP From Manufacturing 1205476.00 1240167 1179765 1193884 1230757 1218331 TWD Million [+]
GDP From Mining 3272.00 3587 3277 3325 3188 3450 TWD Million [+]
GDP From Public Administration 269225.00 259039 264955 267751 266252 264033 TWD Million [+]
GDP From Services 2550491.00 2584412 2574849 2569333 2556916 2562770 TWD Million [+]
GDP From Transport 116501.00 116382 116681 116545 116302 116146 TWD Million [+]
GDP From Utilities 28526.00 38574 30994 28842 33228 34310 TWD Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3.76 3.81 3.85 3.9 3.92 4.15 percent [+]
Employed Persons 11358.00 11362 11363 11362 11361 11351 Thousand [+]
Unemployed Persons 443.00 440 437 435 433 417 Thousand [+]
Labor Force Participation Rate 58.83 58.81 58.79 58.78 58.77 58.7 percent [+]
Labour Costs 114.42 105 105 105 105 105 Index Points [+]
Productivity 109.32 107 107 107 107 106 Index Points [+]
Wages in Manufacturing 52262.00 46500 42840 43700 45200 49400 TWD/Month [+]
Minimum Wages 21009.00 21009 22000 22000 22000 24500 TWD/Month [+]
Population 23.53 23.56 23.57 23.57 23.58 23.61 Million [+]
Youth Unemployment Rate 13.18 12.78 12.65 12.51 12.38 11.36 percent [+]
Wages 48429.00 48400 45230 46300 45620 50900 TWD/Month [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 0.50 1 1.2 1.2 1 3.2 percent [+]
Consumer Price Index CPI 105.99 106 106 106 106 106 Index Points [+]
Core Consumer Prices 105.54 106 106 106 106 105 Index Points [+]
Core Inflation Rate 0.95 1.02 1.08 1.13 1.18 1.42 percent [+]
GDP Deflator 104.68 106 109 106 106 106 Index Points [+]
Producer Prices 85.39 85.72 85.5 85.38 85.27 84.37 Index Points [+]
Export Prices 87.73 88.52 89.19 89.83 90.43 94.62 Index Points [+]
Import Prices 78.04 78.58 79.02 79.42 79.81 82.65 Index Points [+]
Food Inflation -0.18 1.52 1.69 2.01 2.18 2.49 percent [+]
CPI Housing Utilities 103.61 104 104 104 104 103 Index Points [+]
CPI Transportation 94.41 94.37 94.23 94.1 93.98 92.99 Index Points [+]
Inflation Rate Mom 0.09 0.18 0.19 0.19 0.19 0.19 percent [+]
Producer Prices Change 1.62 0.4 1.23 0.8 0.53 0.9 percent [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 1.38 1.38 1.38 1.38 1.75 2 percent [+]
Interbank Rate 0.66 0.67 0.72 0.77 0.81 1 percent [+]
Money Supply M0 1740005.00 1733359 1730464 1727871 1725266 1702062 TWD Million [+]
Money Supply M1 6390300.00 6363866 6362120 6360290 6358442 6341861 TWD Million [+]
Money Supply M2 42393600.00 42749203 42856993 42902041 42917067 42830328 TWD Million [+]
Banks Balance Sheet 41467534.00 41465048 41462081 41452406 41441532 41341805 TWD Million [+]
Foreign Exchange Reserves 4472.21 4494 4504 4507 4506 4479 USD Hundred Million [+]
Loans to Private Sector 10571393.00 10753780 10833156 10869195 10881974 10791622 TWD Million [+]
Loan Growth 4.96 5.37 5.77 6.18 6.59 8.88 percent [+]
Central Bank Balance Sheet 16251643.00 16267455 16260938 16247998 16233272 16096308 TWD Million [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade 6690.00 5497 4845 4355 3946 2118 USD Million [+]
Exports 28897.05 28168 28070 27947 27827 26788 USD Million [+]
Imports 22208.75 22037 21877 21726 21578 20335 USD Million [+]
Current Account 17650.00 17907 17574 17507 17534 17100 USD Million [+]
Current Account to GDP 13.40 14 12 12 10.18 11.5 percent [+]
External Debt 170138.00 165457 163176 161382 160122 150223 USD Million [+]
Terms of Trade 112.40 113 113 113 113 116 Index Points [+]
Capital Flows 16661.00 16384 16170 16051 15911 14595 USD Million [+]
Remittances 52.00 52.45 56.55 53.31 55.24 53.22 USD Million [+]
Tourist Arrivals 909.38 900 800 800 800 800 Thousand [+]
Gold Reserves 423.63 423 423 423 423 423 Tonnes [+]
Foreign Direct Investment 459.05 521 526 510 507 502 USD Million [+]
Crude Oil Production 0.20 0.2 0.2 0.21 0.21 0.23 BBL/D/1K [+]
Terrorism Index 0.08 0.02 0.03 0.04 0.05 0.06 [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 31.20 31 32 32 29.97 34 percent [+]
Government Budget -1.40 -1.75 -1.92 -2.08 -2.25 -2.15 percent of GDP [+]
Government Budget Value -244.20 197 200 203 206 26.31 TWD Billion [+]
Government Spending 585454.00 580885 581823 580546 581032 579033 TWD Million [+]
Government Revenues 2625.20 2559 2580 2590 2601 2574 TWD Billion [+]
Fiscal Expenditure 2839.33 2792 2808 2815 2823 2792 TWD Billion [+]
Military Expenditure 9962.40 9981 10036 10091 10145 10208 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Manufacturing PMI 54.20 54.4 53.5 52.9 50.99 53.5 [+]
Industrial Production 3.25 1.9 4.13 4.27 4.34 -1.1 percent [+]
Industrial Production Mom 2.30 -0.05 0.33 0.4 0.37 0.36 percent [+]
Manufacturing Production 4.03 4.54 4.94 5.17 5.3 5.51 percent [+]
New Orders 45921.00 43894 43609 43382 43152 41164 USD Million [+]
Changes in Inventories 22361.00 11247 9992 12134 11101 11292 TWD Million [+]
Bankruptcies 2178.00 2577 2670 2704 2719 2732 Companies [+]
Car Production 22439.00 24953 27036 29074 31085 48011 Units [+]
Car Registrations 21638.90 21674 21680 21681 21678 21633 Thousand [+]
Leading Economic Index 110.40 111 110 110 110 108 Index Points [+]
Cement Production 959.63 1023 1050 1079 1108 1272 Thousands of Tonnes [+]
Coincident Index 111.32 119 122 121 121 119 Index Points [+]
Competitiveness Index 5.33 5.3 5.3 5.3 5.3 5.31 Points [+]
Competitiveness Rank 15.00 14 14 14 14 13 [+]
Ease Of Doing Business 11.00 11 11 11 11 11 [+]
Corruption Index 61.00 61 61 60 60 59 Points [+]
Corruption Rank 31.00 32 33 33 34 32 [+]
Mining Production -0.18 -2.1 -2.63 -2.94 -3.13 -3.44 percent [+]
Steel Production 1960.00 1944 1935 1927 1920 1852 Thousand Tonnes [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Confidence 82.20 82.36 81.36 80.47 79.74 76.77 [+]
Retail Sales Mom 0.99 0.52 0.45 0.37 0.2 0.22 percent [+]
Retail Sales YoY 4.30 1.44 1.87 2.21 2.4 2.86 percent [+]
Consumer Spending 2244515.00 2259668 2266007 2270709 2274808 2284285 TWD Million [+]
Disposable Personal Income 8400000.00 8618346 8672983 8727620 8782258 9178747 TWD Million [+]
Personal Savings 1829500.00 1862304 1871733 1881162 1890591 1917660 TWD Million [+]
Consumer Credit 7817855.00 7892655 7928521 7952832 7968659 7961724 TWD Million [+]
Bank Lending Rate 2.63 2.67 2.71 2.76 2.8 3.17 percent [+]
HOUSING Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Housing Index 282.36 284 285 285 285 277 Index Points [+]
Construction Output -21.11 -4.63 -2.05 -0.72 0.05 1.28 percent [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 17.00 17 20 20 20 20 percent [+]
Personal Income Tax Rate 45.00 45 40 40 40 41.06 percent [+]
Sales Tax Rate 5.00 5 5 5 5 5 percent [+]
Social Security Rate 9.00 8.82 8.71 8.61 8.5 11.25 percent [+]
Social Security Rate For Companies 7.00 8.61 8.7 8.79 8.88 13.05 percent [+]
Social Security Rate For Employees 2.00 2.96 2.96 2.95 2.94 3.15 percent [+]