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 Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.94 0.3 0.1 0.5 0.6 0.7 percent [+]
Unemployment Rate 3.79 3.87 3.85 3.91 3.9 4.15 percent [+]
Inflation Rate 0.59 1.2 1.3 1.9 2.1 2.9 percent [+]
Interest Rate 1.38 1.38 1.38 1.38 1.38 2 percent [+]
Balance of Trade 3458.69 3787 3849 3803 3796 3799 USD Million [+]
Government Debt to GDP 31.20 31 31 31 30.65 34 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 30.40 30.64 30.95 31.86 31.55 36.41 [+]
Stock Market 10399.06 9970 9870 9570 9670 8060 points [+]
Government Bond 10y 1.08 1.08 1.09 1.1 1.11 1.28 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.94 0.3 0.1 0.5 0.6 0.7 percent [+]
GDP Annual Growth Rate 2.60 2.2 1.9 1.7 2 2.2 percent [+]
GDP 523.01 539 537 546 539 585 USD Billion [+]
GDP Constant Prices 4034977.00 4048828 4062294 4069567 4077225 4093940 TWD Million [+]
Gross National Product 4310588.00 4248272 4412761 4538947 4288165 4457700 TWD Million [+]
Gross Fixed Capital Formation 870419.00 896217 955474 957049 882576 941850 TWD Million [+]
GDP From Agriculture 46828.00 55790 47643 59620 46933 58247 TWD Million [+]
GDP From Construction 96112.00 95978 97394 80585 95667 83162 TWD Million [+]
GDP From Manufacturing 1138212.00 1215253 1305280 1263545 1164892 1262307 TWD Million [+]
GDP From Mining 3156.00 3414 3124 3720 3173 3592 TWD Million [+]
GDP From Public Administration 267595.00 268968 268872 256019 267964 263239 TWD Million [+]
GDP From Services 2559778.00 2565156 2581698 2719643 2598048 2761011 TWD Million [+]
GDP From Transport 117446.00 118384 116987 121136 119595 121042 TWD Million [+]
GDP From Utilities 29459.00 29610 33182 39579 30335 36502 TWD Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 3.79 3.87 3.85 3.91 3.9 4.15 percent [+]
Employed Persons 11331.00 11340 11369 11397 11426 11737 Thousand [+]
Unemployed Persons 431.00 430 421 416 414 411 Thousand [+]
Labor Force Participation Rate 58.82 58.81 58.81 58.81 58.81 58.81 percent [+]
Productivity 103.44 107 108 108 108 108 Index Points [+]
Labour Costs 89.63 107 106 105 105 105 Index Points [+]
Minimum Wages 21009.00 21009 21009 21009 22000 24300 TWD/Month [+]
Wages in Manufacturing 41943.00 43269 43979 45875 42705 49935 TWD/Month [+]
Population 23.53 23.55 23.56 23.58 23.59 23.71 Million [+]
Wages 44144.00 45600 46000 48400 45230 50900 TWD/Month [+]
Youth Unemployment Rate 11.49 11.59 11.86 11.88 11.86 11.86 percent [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 0.59 1.2 1.3 1.9 2.1 2.9 percent [+]
Consumer Price Index CPI 105.03 105 105 105 105 105 Index Points [+]
Core Consumer Prices 105.75 106 106 106 106 109 Index Points [+]
Core Inflation Rate 1.11 0.89 1.06 1.07 1.07 1.08 percent [+]
GDP Deflator 110.68 105 105 105 109 104 Index Points [+]
Producer Prices 84.12 83.64 83.65 83.8 83.77 83.77 Index Points [+]
Export Prices 87.36 87.31 87.44 87.44 87.43 87.44 Index Points [+]
Import Prices 77.50 77.18 76.95 76.97 76.98 76.98 Index Points [+]
Food Inflation -0.04 0.4 -0.78 -0.37 -0.48 -0.46 percent [+]
Producer Prices Change -1.12 -0.5 0.2 0.4 -3.53 0.9 percent [+]
Cpi Housing Utilities 101.72 102 102 102 102 102 Index Points [+]
Cpi Transportation 93.96 93.82 93.85 93.92 93.9 93.9 Index Points [+]
Inflation Rate Mom 0.10 -0.1 0.02 0.01 0.01 0.01 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 1.38 1.38 1.38 1.38 1.38 2 percent [+]
Interbank Rate 0.66 0.65 0.65 0.65 0.65 0.65 percent [+]
Money Supply M0 1739407.00 1735288 1742063 1741322 1741255 1741278 TWD Million [+]
Money Supply M1 6161700.00 6195416 6269489 6336657 6402742 7115995 TWD Million [+]
Money Supply M2 41933800.00 42032254 42467625 42877196 43287298 47753592 TWD Million [+]
Banks Balance Sheet 41058684.00 41302656 41654294 42004956 42354058 46092410 TWD Million [+]
Foreign Exchange Reserves 4402.53 4410 4428 4438 4443 4450 USD Hundred Million [+]
Loans to Private Sector 10145539.00 10142974 10149944 10152789 10153912 10154642 TWD Million [+]
Loan Growth 4.52 4.71 5.05 5.23 5.34 5.47 percent [+]
Central Bank Balance Sheet 16280110.00 16320143 16383407 16446121 16503804 16878653 TWD Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 3458.69 3787 3849 3803 3796 3799 USD Million [+]
Exports 25523.59 24738 24739 24940 24932 24904 USD Million [+]
Imports 22064.90 21686 22214 21650 22196 21666 USD Million [+]
Current Account 16392.00 16369 16977 17490 16668 16818 USD Million [+]
Current Account to GDP 13.40 12.68 12.19 11.69 11.34 7.52 percent [+]
External Debt 182270.00 185615 187798 188150 190807 191363 USD Million [+]
Terms of Trade 112.70 113 113 113 113 113 Index Points [+]
Capital Flows 16316.00 16926 16635 16985 16546 16795 USD Million [+]
Remittances 52.00 52.86 52.86 52.86 52.86 52.86 USD Million [+]
Tourist Arrivals 926.81 848 879 886 879 880 Thousand [+]
Gold Reserves 423.63 423 423 423 424 423 Tonnes [+]
Terrorism Index 0.08 0.04 0.03 0.02 0.03 0.06 [+]
Crude Oil Production 0.20 0.2 0.2 0.2 0.2 0.2 BBL/D/1K [+]
Foreign Direct Investment 368.02 557 617 618 622 622 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 31.20 31 31 31 30.65 34 percent [+]
Government Budget -1.40 -1.94 -1.82 -1.71 -1.87 -2.19 percent of GDP [+]
Government Budget Value -244.20 -234 -252 -269 -267 -262 TWD Billion [+]
Government Spending 571817.00 578282 578750 580065 581401 595735 TWD Million [+]
Government Revenues 2625.20 2558 2558 2558 2622 2619 TWD Billion [+]
Fiscal Expenditure 2839.33 2884 2884 2884 2914 3032 TWD Billion [+]
Military Expenditure 9962.40 9790 9863 9936 9981 10230 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Manufacturing PMI 53.10 55.7 54.9 54.4 53.5 53.5 [+]
Industrial Production -0.59 0.2 0.45 1.9 0.45 -1.1 percent [+]
Industrial Production Mom -2.50 0.83 0.43 0.23 0.33 0.35 percent [+]
Manufacturing Production 0.80 2.79 2.98 2.95 2.96 2.96 percent [+]
New Orders 36813.00 38370 38108 37873 37842 37852 USD Million [+]
Changes in Inventories 1167.00 7670 7504 7792 8452 9490 TWD Million [+]
Bankruptcies 1539.00 2015 1984 1980 1980 1980 Companies [+]
Car Production 23894.00 20480 23372 20111 23270 20272 Units [+]
Car Registrations 21585.95 21600 21624 21647 21670 21875 Thousand [+]
Leading Economic Index 108.80 106 104 102 102 102 Index Points [+]
Mining Production -3.00 -1.05 -0.58 -0.83 -0.74 -0.75 percent [+]
Steel Production 1840.00 1855 1837 1849 1852 1849 Thousand Tonnes [+]
Cement Production 994.72 996 981 980 986 983 Thousands of Tonnes [+]
Coincident Index 108.46 105 101 101 102 104 Index Points [+]
Competitiveness Index 5.28 5.29 5.29 5.29 5.28 5.28 Points [+]
Competitiveness Rank 14.00 14 14 14 14 14 [+]
Ease Of Doing Business 11.00 11 11 11 11 11 [+]
Corruption Index 61.00 62 61 61 61 61 Points [+]
Corruption Rank 31.00 32 32 32 33 31 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 78.11 78.15 78.25 78.26 78.26 78.26 [+]
Retail Sales Mom 1.20 7.39 0.67 -0.86 -1.46 0.04 percent [+]
Retail Sales YoY 0.40 0.41 0.14 0.11 0.11 0.12 percent [+]
Consumer Spending 2232974.00 2243986 2255409 2266499 2277592 2395726 TWD Million [+]
Disposable Personal Income 8092100.00 8198013 8223677 8249341 8287133 8816382 TWD Million [+]
Personal Savings 1721300.00 1727865 1756768 1785670 1793470 1922987 TWD Million [+]
Consumer Credit 7705881.00 7746494 7792145 7838890 7881721 8202386 TWD Million [+]
Bank Lending Rate 2.63 2.62 2.62 2.62 2.62 2.62 percent [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Housing Index 278.24 280 281 281 281 284 Index Points [+]
Construction Output -1.60 -11.1 -10.09 -10.16 -10.16 -10.16 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 17.00 17 17 17 17 17 percent [+]
Personal Income Tax Rate 45.00 45 45 45 45 45 percent [+]
Sales Tax Rate 5.00 5 5 5 5 5 percent [+]
Social Security Rate 9.00 9.18 9.09 9 9 9 percent [+]
Social Security Rate For Companies 7.00 7.17 7.17 7.17 7.16 7.14 percent [+]
Social Security Rate For Employees 2.00 2 2 2 2 2 percent [+]