Taiwan - Economic Forecasts - 2018-2020 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 1.07 0.9 0.4 0.6 0.7 0.7 percent
Unemployment Rate 3.70 3.73 3.75 3.81 3.92 4.15 percent
Inflation Rate 0.88 1.4 1.6 1.5 1.7 2.1 percent
Interest Rate 1.38 1.38 1.38 1.5 1.5 2 percent
Balance of Trade 2420.69 4125 3435 3061 2792 1670 USD Million
Government Debt to GDP 31.20 32 32 30.6 32 34 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 29.06
29.83 30.14 30.46 30.78 32.09
Stock Market 10421.09
points
10754 10527 10305 10087 8506
Government Bond 10y 1.07
percent
1.11 1.18 1.26 1.35 1.76
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 1.07
percent
0.9 0.4 0.6 0.7 0.7
GDP Annual Growth Rate 3.28
percent
2.5 2.9 2.4 2.3 2.2
GDP 525.24
USD Billion
564 564 564 564 585
GDP Constant Prices 4145932.00
TWD Million
4169608 4184936 4194085 4199311 4182935
Gross National Product 4673326.00
TWD Million
4549884 4461037 4469123 4542052 4507739
Gross Fixed Capital Formation 939213.00
TWD Million
913147 901373 906918 920752 906698
GDP From Agriculture 62946.00
TWD Million
48766 58880 45893 61734 60621
GDP From Construction 81093.00
TWD Million
94223 96041 98158 83760 88856
GDP From Manufacturing 1304828.00
TWD Million
1206779 1213153 1295783 1300460 1264218
GDP From Mining 3902.00
TWD Million
3396 3433 3285 3750 3623
GDP From Public Administration 254366.00
TWD Million
262479 266893 268188 259568 263300
GDP From Services 2760119.00
TWD Million
2694593 2652847 2628296 2670684 2660958
GDP From Transport 123615.00
TWD Million
122008 120101 119893 120742 120328
GDP From Utilities 41818.00
TWD Million
31471 28674 33718 39158 35059
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 3.70
percent
3.73 3.75 3.81 3.92 4.15
Employed Persons 11393.00
Thousand
11399 11400 11400 11399 11386
Unemployed Persons 437.00
Thousand
436 434 433 431 410
Labor Force Participation Rate 58.89
percent
58.87 58.85 58.84 58.83 58.72
Productivity 105.43
Index Points
109 109 108 108 107
Labour Costs 97.83
Index Points
104 105 105 105 105
Minimum Wages 22000.00
TWD/Month
22000 22000 22000 22000 24500
Wages in Manufacturing 44637.00
TWD/Month
42840 43700 45200 47300 49400
Population 23.53
Million
23.54 23.54 23.55 23.56 23.61
Youth Unemployment Rate 11.78
percent
11.77 11.63 11.52 11.41 10.32
Wages 45133.00
TWD/Month
45230 46300 45620 49100 50900
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 0.88
percent
1.4 1.6 1.5 1.7 2.1
Consumer Price Index CPI 101.20
Index Points
102 102 102 102 101
Core Consumer Prices 106.45
Index Points
106 106 106 106 106
Core Inflation Rate 0.82
percent
1.08 1.14 1.19 1.23 1.48
GDP Deflator 106.10
Index Points
109 106 106 106 106
Producer Prices 102.00
Index Points
115 116 115 114 104
Export Prices 87.97
Index Points
88.56 89.21 89.83 90.41 94.13
Import Prices 80.01
Index Points
80.33 80.68 81.02 81.35 83.56
Food Inflation 0.82
percent
0.35 1.37 1.69 1.97 2.45
Inflation Rate Mom -0.23
percent
0.09 0.09 0.09 0.09 0.09
CPI Housing Utilities 102.50
Index Points
102 102 102 102 102
CPI Transportation 95.69
Index Points
95.53 95.37 95.23 95.09 94.06
Producer Prices Change -0.74
percent
-1.42 -1.16 -0.68 0.8 0.9
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 1.38
percent
1.38 1.38 1.5 1.5 2
Interbank Rate 0.66
percent
0.66 0.7 0.75 0.79 1.01
Money Supply M0 1791000.00
TWD Million
1773083 1771666 1769323 1766798 1737179
Money Supply M1 6524400.00
TWD Million
6487349 6488488 6486536 6484749 6463315
Money Supply M2 42769400.00
TWD Million
43008755 43122509 43170888 43187645 43067572
Banks Balance Sheet 42031118.00
TWD Million
42131976 42142172 42135054 42124752 41993389
Foreign Exchange Reserves 4557.20
USD Hundred Million
4593 4626 4642 4648 4617
Loans to Private Sector 10720971.00
TWD Million
10760360 10775432 10777210 10771966 10628206
Central Bank Balance Sheet 16052717.00
TWD Million
15961213 15979782 15970262 15956354 15782235
Loan Growth 4.65
percent
4.75 5.05 5.44 5.87 8.98
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade 2420.69
USD Million
4125 3435 3061 2792 1670
Exports 27383.95
USD Million
28018 27965 27839 27722 26378
Imports 24963.26
USD Million
24211 24080 23903 23741 22025
Current Account 20514.00
USD Million
17959 18326 18975 18606 18152
Current Account to GDP 13.40
percent
12 12 11.94 12 11.5
External Debt 176058.00
USD Million
175676 175243 174479 173417 165137
Terms of Trade 109.90
Index Points
110 110 111 111 113
Capital Flows 20858.00
USD Million
17157 17806 18904 18289 17622
Tourist Arrivals 1112.21
Thousand
1000 1000 1000 1000 1000
Gold Reserves 423.63
Tonnes
424 423 423 423 423
Foreign Direct Investment 1401.39
USD Million
601 575 531 521 504
Crude Oil Production 0.20
BBL/D/1K
0.2 0.2 0.2 0.21 0.22
Terrorism Index 0.50
0.22 0.21 0.2 0.2 0.12
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 31.20
percent
32 32 30.6 32 34
Government Budget -1.40
percent of GDP
-2.06 -1.96 -1.85 -1.75 -2.15
Government Budget Value -244.20
TWD Billion
-36.24 41.54 119 197 26.31
Government Spending 582190.00
TWD Million
587171 585126 584412 584986 582162
Government Revenues 2625.20
TWD Billion
2569 2580 2590 2601 2574
Fiscal Expenditure 2839.33
TWD Billion
2800 2808 2815 2823 2792
Military Expenditure 9962.40
USD Million
9694 9790 9885 9981 10208
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Manufacturing PMI 56.90
53.5 52.9 52 52.3 53.5
Industrial Production 1.20
percent
2.19 3.16 3.73 2.7 -1.1
Industrial Production Mom 0.60
percent
0.2 0.25 0.37 0.37 0.36
Manufacturing Production 0.93
percent
2.71 3.78 4.43 4.83 5.45
New Orders 48471.00
USD Million
48041 47785 47552 47322 44701
Changes in Inventories -28925.00
TWD Million
-821 13460 2357 10701 10891
Bankruptcies 3116.00
Companies
2682 2706 2722 2724 2725
Car Production 27179.00
Units
29402 31509 33473 35402 56634
Car Registrations 21704.37
Thousand
21708 21706 21703 21698 21639
Leading Economic Index 113.40
Index Points
116 117 117 117 115
Internet Speed 16869.04
KBps
16916 16717 16513 16309 14811
IP Addresses 7115844.00
IP
7368879 7435740 7498734 7557190 7805210
Cement Production 790.57
Thousands of Tonnes
879 927 960 990 1231
Coincident Index 114.28
Index Points
116 116 116 116 114
Competitiveness Index 5.33
Points
5.3 5.3 5.3 5.3 5.27
Competitiveness Rank 15.00
14 14 14 14 14
Ease Of Doing Business 15.00
11.77 11.81 11.84 11.87 11.77
Corruption Index 61.00
Points
61 61 61 61 59
Corruption Rank 31.00
32 32 32 32 32
Mining Production -3.34
percent
-2.72 -2.96 -3.11 -3.22 -3.38
Steel Production 1960.00
Thousand Tonnes
1931 1924 1916 1908 1822
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Confidence 87.69
Index Points
87.14 85.45 83.99 82.76 77.23
Retail Sales Mom 2.12
percent
1.26 0.42 0.19 0.24 0.33
Retail Sales YoY 3.54
percent
3.4 3.3 3.23 3.19 3.1
Consumer Spending 2283089.00
TWD Million
2293263 2304691 2314444 2321518 2348768
Disposable Personal Income 8400000.00
TWD Million
8335675 8429899 8524122 8618346 9178747
Personal Savings 1829500.00
TWD Million
1780783 1807957 1835130 1862304 1917660
Consumer Credit 7953112.00
TWD Million
8041755 8107427 8154047 8186431 8204341
Bank Lending Rate 2.63
percent
2.66 2.7 2.74 2.78 3.26
HOUSING Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Housing Index 281.96
Index Points
283 283 283 283 271
Construction Output 6.77
percent
-1.08 0.54 0.94 1.16 1.41
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 17.00
percent
17 17 17 17 17
Personal Income Tax Rate 45.00
percent
45 45 45 45 45
Sales Tax Rate 5.00
percent
5 5 5 5 5
Social Security Rate 14.02
percent
14 14 14 14 13
Social Security Rate For Companies 10.87
percent
10.95 10.95 10.95 10.95 13.37
Social Security Rate For Employees 3.15
percent
3.13 3.13 3.13 3.13 3.11
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 27.97
celsius
16.88 23.68 26.69 20.69 22.47