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 Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.80 0.6 0.7 0.9 1.1 0.6 percent
Unemployment Rate 3.69 3.7 3.7 3.7 3.8 4.1 percent
Inflation Rate 1.53 1.5 1.5 1.4 1.6 2.1 percent
Interest Rate 1.38 1.38 1.38 1.38 1.5 2 percent
Balance of Trade 4524.71 3100 3800 3400 2500 3400 USD Million
Government Debt to GDP 31.20 32 32 33 33 34 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 30.67
30.82 30.93 31.03 31.13 31.55
Stock Market 10972.41
points
10987 10876 10767 10658 10234
Government Bond 10y 0.87
percent
0.86 0.88 0.89 0.91 0.97
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.80
percent
0.6 0.7 0.9 1.1 0.6
GDP Annual Growth Rate 3.30
percent
3 2.8 2.5 2.4 2.5
GDP 579.30
USD Billion
585 585 605 605 622
GDP Constant Prices 4158657.00
TWD Million
4163667 4262018 4250574 4258465 4464677
Gross National Product 4373254.00
TWD Million
4582149 4804179 4485073 4478212 5032618
Gross Fixed Capital Formation 916804.00
TWD Million
948914 965511 912340 938807 1011421
GDP From Agriculture 58251.00
TWD Million
45863 64708 50695 59649 67785
GDP From Construction 99398.00
TWD Million
101148 83364 101474 101784 87328
GDP From Manufacturing 1276214.00
TWD Million
1366919 1341363 1222692 1306843 1405145
GDP From Mining 3427.00
TWD Million
3316 4011 3339 3509 4202
GDP From Public Administration 270560.00
TWD Million
276668 261488 275471 277053 273922
GDP From Services 2626320.00
TWD Million
2640981 2837402 2701673 2689352 2972321
GDP From Transport 121171.00
TWD Million
120531 127076 128437 124079 133119
GDP From Utilities 29075.00
TWD Million
34229 42989 30670 29773 45033
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.69
percent
3.7 3.7 3.7 3.8 4.1
Employed Persons 11443.00
Thousand
11450 11460 11470 11480 11630
Unemployed Persons 453.00
Thousand
460 463 465 467 444
Labor Force Participation Rate 59.09
percent
59.1 59.2 59.2 59.2 59.8
Productivity 110.63
Index Points
107 114 114 103 120
Labour Costs 94.81
Index Points
95.3 96.8 128 109 109
Minimum Wages 22000.00
TWD/Month
22000 22000 23200 23200 24500
Wages in Manufacturing 58061.00
TWD/Month
45200 47300 43200 45100 49400
Population 23.57
Million
23.62 23.62 23.67 23.67 23.74
Youth Unemployment Rate 12.42
percent
12.5 12.7 11.4 11.2 13.2
Wages 51669.00
TWD/Month
46020 49100 47400 48500 50900
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.53
percent
1.5 1.5 1.4 1.6 2.1
Consumer Price Index CPI 102.39
Index Points
102 103 103 104 107
Core Consumer Prices 102.31
Index Points
102 103 104 105 106
Core Inflation Rate 1.36
percent
1.3 1.7 1.9 2.1 1.3
GDP Deflator 104.97
Index Points
106 107 110 106 106
Producer Prices 106.92
Index Points
109 110 110 114 127
Export Prices 101.99
Index Points
102 102 102 102 101
Import Prices 110.05
Index Points
110 110 111 111 112
Food Inflation 0.74
percent
0.5 0.8 1.1 1.2 2
Inflation Rate Mom 0.04
percent
-0.4 0.5 0.1 -0.3 0.3
CPI Housing Utilities 102.73
Index Points
104 102 102 104 107
CPI Transportation 105.30
Index Points
103 105 105 106 109
Producer Prices Change 6.83
percent
7.6 7.8 7.9 8.1 6.9
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 1.38
percent
1.38 1.38 1.38 1.5 2
Interbank Rate 0.66
percent
0.67 0.67 0.67 0.79 1.29
Money Supply M0 1875387.00
TWD Million
1885000 1890000 1985000 1930000 1950000
Money Supply M1 6811500.00
TWD Million
6830000 6890000 6910000 6940000 7250000
Money Supply M2 43723364.00
TWD Million
43980000 44070000 44100000 44350000 47100000
Banks Balance Sheet 43273545.00
TWD Million
43500000 43800000 44000000 44200000 45550000
Foreign Exchange Reserves 4598.80
USD Hundred Million
4573 4590 4630 4650 4680
Loans to Private Sector 10971714.00
TWD Million
11000000 11500000 11750000 12200000 13500000
Central Bank Balance Sheet 16570848.00
TWD Million
17000000 17500000 17700000 17900000 19100000
Loan Growth 4.97
percent
4.4 4.7 5.3 5.1 5.8
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 4524.71
USD Million
3100 3800 3400 2500 3400
Exports 28295.50
USD Million
28000 28300 27000 26800 22900
Imports 23770.79
USD Million
24900 24500 23600 24300 19500
Current Account 17820.00
USD Million
21600 22500 21300 20800 21140
Current Account to GDP 14.70
percent
14.3 14.3 13.9 13.9 13.7
External Debt 199051.00
USD Million
204000 208000 211000 218000 239000
Terms of Trade 92.70
Index Points
92.65 92.13 91.86 91.52 90.13
Capital Flows 14793.00
USD Million
14500 15300 15800 16100 17400
Tourist Arrivals 853.35
Thousand
860 880 900 920 890
Gold Reserves 423.60
Tonnes
424 424 424 424 424
Foreign Direct Investment 551.50
USD Million
1000 870 890 920 910
Crude Oil Production 0.20
BBL/D/1K
0.19 0.19 0.19 0.19 0.19
Terrorism Index 0.50
0.2 0.2 0.17 0.17 0.06
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 31.20
percent
32 32 33 33 34
Government Budget -1.40
percent of GDP
-1.8 -1.8 -2.1 -2.1 -1.2
Government Budget Value -244.20
TWD Billion
-227 -227 -300 -300 -355
Government Spending 588658.00
TWD Million
600255 598491 599749 602786 626950
Government Revenues 2731.20
TWD Billion
2731 2731 2800 2800 2875
Fiscal Expenditure 2958.10
TWD Billion
2958 2958 3100 3100 3230
Military Expenditure 9874.90
USD Million
9800 9800 9990 9990 10000
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Manufacturing PMI 53.00
54 54.3 54 53 53.5
Industrial Production 4.43
percent
4.2 2.7 8.6 5.8 -1.1
Industrial Production Mom 0.62
percent
0.1 0.5 0.4 0.3 0.8
Manufacturing Production 5.01
percent
3.3 4.1 3.9 3.7 3.8
New Orders 43676.00
USD Million
41600 41300 41500 41900 44000
Changes in Inventories 10753.00
TWD Million
5200 -14000 3220 11230 16100
Bankruptcies 2878.00
Companies
2250 2900 3320 3500 2300
Car Production 15297.00
Units
25800 22100 23600 23900 23800
Car Registrations 21808.99
Thousand
21820 21840 21875 21915 22190
Leading Economic Index 111.30
Index Points
111 110 112 112 114
Internet Speed 16869.04
KBps
17500 17800 17940 18000 18770
IP Addresses 7115844.00
IP
7113000 7109000 7085000 7061000 6900000
Cement Production 869.68
Thousands of Tonnes
860 850 843 839 810
Coincident Index 108.88
Index Points
108 107 105 109 116
Competitiveness Index 5.33
Points
5.33 5.33 5.35 5.35 5.37
Competitiveness Rank 15.00
15 15 16 16 17
Ease Of Doing Business 15.00
14 14 12 12 11
Corruption Index 63.00
Points
61 61 62 62 59
Corruption Rank 29.00
30 30 28 28 31
Mining Production -6.10
percent
-6.5 -7.8 -9.2 -13.4 6.1
Steel Production 2040.00
Thousand Tonnes
1900 1990 2010 1950 1800
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 82.56
Index Points
83.2 83.1 82.8 82.9 82.9
Retail Sales Mom 1.30
percent
2.6 0.3 -0.6 -1.5 1.8
Retail Sales YoY 3.20
percent
4.9 3.9 3.6 4.9 4.9
Consumer Spending 2306965.00
TWD Million
2301228 2347015 2352593 2362332 2458616
Disposable Personal Income 8721300.00
TWD Million
8850000 8850000 9080000 9080000 9250000
Personal Savings 1774100.00
TWD Million
1820000 1820000 1895000 1895000 1936000
Consumer Credit 8121855.00
TWD Million
8145000 8166000 8183000 8196000 8990000
Bank Lending Rate 2.64
percent
2.64 2.64 2.64 2.76 3.26
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 285.55
Index Points
288 290 293 295 315
Construction Output -15.27
percent
7.3 9.4 5.7 3.5 7.3
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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
14.02 14.02 13 13 13
Social Security Rate For Companies 10.87
percent
11.2 11.2 11.2 11.2 12.5
Social Security Rate For Employees 3.15
percent
3.2 3.2 3.2 3.2 3.05
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 27.97
celsius
26.69 20.69 16.91 24.48 22.47