Markets Actual Q3 Q4 Q1 Q2 2021
Currency 29.38 29.47 29.56 29.64 29.73 29.91
Stock Market (points) 12640.23 12264 12020 11781 11546 11075
Government Bond 10y (%) 0.44 0.45 0.46 0.47 0.47 0.49

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.28 -1.9 1.5 1.9 2.5 1.3
GDP Annual Growth Rate (%) -0.73 1.7 2.4 2.1 3.5 3.5
Unemployment Rate (%) 3.97 4.2 4.3 4.5 4.4 4.2
Inflation Rate (%) -0.76 0.9 1.2 1.2 2.5 1.7
Interest Rate (%) 1.13 1.13 1 1 1 1.25
Balance of Trade (USD Million) 4840.00 2600 3400 2000 3950 3400
Current Account (USD Million) 18160.00 17242 18228 19228 17921 19550
Current Account to GDP (%) 11.60 8.5 8.5 9.5 9.5 9.5
Government Debt to GDP (%) 30.90 32.5 32.5 33.5 33.5 33.5
Government Budget (% of GDP) -1.90 -4.5 -4.5 -3.5 -3.5 -3.5
Manufacturing PMI (points) 50.60 46 49.1 51 50 49.8
Consumer Confidence (points) 69.43 76 76 79 80 85
Retail Sales Mom (%) 2.00 3.5 3.5 4 4.5 4.5
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.28 -1.9 1.5 1.9 2.5 1.3
GDP Annual Growth Rate (%) -0.73 1.7 2.4 2.1 3.5 3.5
GDP (USD Billion) 605.00 615 615 625 625 625
GDP Constant Prices (TWD Million) 4820427.00 4810445 4990542 4921656 4989142 5165211
Gross National Product (TWD Million) 4698286.00 4724845 5195524 4796950 4862726 5377367
Gross Fixed Capital Formation (TWD Million) 1019871.00 1086732 1185299 1041288 1055566 1226785
GDP From Agriculture (TWD Million) 90573.00 79590 104623 92475 93743 108285
GDP From Construction (TWD Million) 109294.00 110383 100987 111589 113119 104521
GDP From Manufacturing (TWD Million) 1465318.00 1683375 1681744 1496090 1516604 1740605
GDP From Mining (TWD Million) 2915.00 2889 3803 2976 3017 3936
GDP From Public Administration (TWD Million) 278984.00 276750 265391 284843 288748 274680
GDP From Services (TWD Million) 2883983.00 2921014 3153445 2944547 2984922 3263815
GDP From Transport (TWD Million) 130148.00 147668 151860 132881 134703 157175
GDP From Utilities (TWD Million) 72816.00 83929 81684 74345 75365 84543

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 3.97 4.2 4.3 4.5 4.4 4.2
Unemployed Persons (Thousand ) 474.00 425 424 424 424 414
Labor Force Participation Rate (%) 59.14 59.8 59.8 59.8 59.8 60.1
Labour Costs (points) 92.19 98.6 109 109 109 109
Minimum Wages (TWD/Month) 23800.00 23800 23800 24500 24500 24500
Wages in Manufacturing (TWD/Month) 48867.00 51120 52400 46000 46000 53600
Population (Million) 23.60 23.6 23.6 23.61 23.61 23.61
Youth Unemployment Rate (%) 12.01 12.1 13.2 13.2 13.2 13.2
Wages (TWD/Month) 49609.00 50200 52900 48600 48600 53400

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) -0.76 0.9 1.2 1.2 2.5 1.7
Consumer Price Index CPI (points) 102.20 104 104 103 105 106
Core Consumer Prices (points) 102.98 104 104 104 104 106
Core Inflation Rate (%) 0.13 1.2 1.4 1.4 1.4 1.6
Producer Prices (points) 92.62 104 101 96.84 94.01 103
Food Inflation (%) -0.04 1.8 2 2 2 2
Inflation Rate Mom (%) 0.39 0.3 0.3 0.2 0.2 0.3
Producer Prices Change (%) -10.36 1.5 1.5 1.5 1.5 2
CPI Housing Utilities (points) 103.36 104 103 104 106 105
CPI Transportation (points) 97.12 103 103 99.55 99.55 105

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 1.13 1.13 1 1 1 1.25
Interbank Rate (%) 0.48 0.49 0.36 0.36 0.36 0.36
Money Supply M2 (TWD Million) 47477250.00 47537206 47932640 48128073 48362144 49014375
Banks Balance Sheet (TWD Million) 47394158.00 45110000 45550000 45550000 45550000 46550000
Foreign Exchange Reserves (USD HML) 4886.90 4850 4890 4890 4890 4980
Loans to Private Sector (TWD Million) 12277609.00 11825707 12167096 12326130 12659239 12592945
Loan Growth (%) 7.09 4.2 5.8 5.8 5.8 5.8
Central Bank Balance Sheet (TWD Million) 16656369.00 18792000 19100000 19100000 19100000 19100000

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) 4840.00 2600 3400 2000 3950 3400
Current Account (USD Million) 18160.00 17242 18228 19228 17921 19550
Current Account to GDP (%) 11.60 8.5 8.5 9.5 9.5 9.5
Imports (USD Million) 22293.81 22900 23500 25500 24550 26500
Exports (USD Million) 27131.10 25500 27900 27500 28500 28500
External Debt (USD Million) 200377.00 199000 239000 239000 239000 239000
Tourist Arrivals (Thousand) 7.49 790 890 910 910 1090
Gold Reserves (Tonnes) 422.40 424 424 424 424 424
Foreign Direct Investment (USD Million) 418.23 950 950 950 950 950

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 30.90 32.5 32.5 33.5 33.5 33.5
Government Budget (% of GDP) -1.90 -4.5 -4.5 -3.5 -3.5 -3.5
Government Spending (TWD Million) 652330.00 654769 663637 666029 675162 686864
Government Revenues (TWD Billion) 2942.28 2875 2875 2875 2875 2875
Fiscal Expenditure (TWD Billion) 3075.80 3230 3230 3230 3230 3230
Military Expenditure (USD Million) 10458.00 10000 10000 10000 10000 10000

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 40.00 40 40 40 40 40
Sales Tax Rate (%) 5.00 5 5 5 5 5
Social Security Rate (%) 14.02 14.02 14.02 14.02 14.02 14.02
Social Security Rate For Companies (%) 10.87 12.5 12.5 12.5 12.5 12.5
Social Security Rate For Employees (%) 3.15 3.05 3.05 3.05 3.05 3.05

Business Actual Q3 Q4 Q1 Q2 2021
Manufacturing PMI (points) 50.60 46 49.1 51 50 49.8
Industrial Production (%) 7.34 5.5 1.5 1.5 1.5 2
Industrial Production Mom (%) 1.48 0.2 0.8 0.8 0.8 0.8
Manufacturing Production (%) 7.81 0.8 1.5 1.5 1.5 1.5
New Orders (USD Million) 41000.00 38573 37618 40321 41782 41550
Changes in Inventories (TWD Million) 36173.00 10000 16100 16100 16100 14100
Car Production (Units) 19794.00 16200 18800 18800 18800 17800
Car Registrations (Thousand) 22175.60 22165 22200 22200 22200 22300
Leading Economic Index (points) 112.70 112 114 114 114 114
Steel Production (Thousand Tonnes) 1700.00 1900 1880 1880 1880 1900
Coincident Index (points) 109.95 111 113 113 113 113

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 69.43 76 76 79 80 85
Retail Sales Mom (%) 2.00 3.5 3.5 4 4.5 4.5
Retail Sales YoY (%) -1.33 1.9 2.8 2 2 2
Consumer Spending (TWD Million) 2390658.00 2444674 2512594 2440862 2474331 2600535
Disposable Personal Income (TWD Million) 8956900.00 9007686 9171866 9144995 9270392 9492881
Consumer Credit (TWD Million) 9075675.00 8637459 8983932 9047738 9316922 9298370
Bank Lending Rate (%) 2.48 2.58 2.45 2.45 2.45 2.45

Housing Actual Q3 Q4 Q1 Q2 2021
Housing Index (points) 302.61 310 315 315 315 315


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.