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 Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.33 0.4 0.6 0.7 1 0.7 percent
Unemployment Rate 3.67 3.75 3.81 3.92 3.96 4.15 percent
Inflation Rate 1.98 0.8 1 1.3 1.4 2.1 percent
Interest Rate 1.38 1.38 1.38 1.38 1.38 2 percent
Balance of Trade 4150.00 6764 4248 4722 5171 4704 USD Million
Government Debt to GDP 31.20 32 32 32 33 34 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 29.93
29.45 29.71 29.98 30.24 31.34
Stock Market 10830.84
points
10524 10235 9953 9680 8659
Government Bond 10y 1.03
percent
1.06 1.13 1.19 1.27 1.6
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.33
percent
0.4 0.6 0.7 1 0.7
GDP Annual Growth Rate 3.04
percent
2.9 2.4 2.3 2.4 2.2
GDP 529.58
USD Billion
564 564 564 574 585
GDP Constant Prices 4145932.00
TWD Million
4099551 4157649 4241288 4122807 4421289
Gross National Product 4673326.00
TWD Million
4380410 4568606 4780812 4412855 4983710
Gross Fixed Capital Formation 939213.00
TWD Million
903276 937159 960815 897649 1001592
GDP From Agriculture 62946.00
TWD Million
57988 45804 64394 49481 67127
GDP From Construction 81093.00
TWD Million
97586 100093 82958 99084 86479
GDP From Manufacturing 1304828.00
TWD Million
1232750 1363178 1334839 1180918 1391490
GDP From Mining 3902.00
TWD Million
3401 3235 3992 3298 4161
GDP From Public Administration 254366.00
TWD Million
271768 275303 260216 272570 271260
GDP From Services 2760119.00
TWD Million
2588859 2631797 2823602 2616922 2943435
GDP From Transport 123615.00
TWD Million
116601 119533 126458 120313 131825
GDP From Utilities 41818.00
TWD Million
28959 34050 42780 29730 44595
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.67
percent
3.75 3.81 3.92 3.96 4.15
Employed Persons 11414.00
Thousand
11415 11406 11386 11362 11360
Unemployed Persons 434.00
Thousand
442 442 440 440 441
Labor Force Participation Rate 58.93
percent
58.91 58.87 58.84 58.83 58.88
Productivity 107.05
Index Points
113 109 108 102 110
Labour Costs 89.84
Index Points
109 109 109 109 109
Minimum Wages 22000.00
TWD/Month
22000 22000 22000 23200 24500
Wages in Manufacturing 42972.00
TWD/Month
43700 45200 47300 43000 49400
Population 23.57
Million
23.59 23.6 23.6 23.61 23.71
Youth Unemployment Rate 11.75
percent
12.16 12.19 12.2 12.2 12.2
Wages 46196.00
TWD/Month
46300 45620 49100 45400 50900
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 1.98
percent
0.8 1 1.3 1.4 2.1
Consumer Price Index CPI 101.81
Index Points
102 102 103 102 107
Core Consumer Prices 102.34
Index Points
102 102 103 104 105
Core Inflation Rate 1.30
percent
0.82 1.02 1.08 1.3 1.18
GDP Deflator 106.10
Index Points
106 106 106 106 106
Producer Prices 102.88
Index Points
100 101 103 102 105
Export Prices 98.81
Index Points
98.37 98.3 97.43 98.28 97.87
Import Prices 105.21
Index Points
103 103 102 102 100
Food Inflation 2.69
percent
1.24 1.5 1.8 1.5 2
Inflation Rate Mom 0.17
percent
0.09 0.07 0.08 0.08 0.08
CPI Housing Utilities 101.14
Index Points
102 103 102 102 106
CPI Transportation 103.96
Index Points
102 103 104 104 109
Producer Prices Change 2.53
percent
1.26 -0.26 0.8 0.05 0.9
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 1.38
percent
1.38 1.38 1.38 1.38 2
Interbank Rate 0.66
percent
0.66 0.66 0.66 0.66 1.28
Money Supply M0 1892133.00
TWD Million
1799159 1747455 1718661 1725850 1757174
Money Supply M1 6588400.00
TWD Million
6436854 6366894 6374224 6384963 6380367
Money Supply M2 43430600.00
TWD Million
43534181 43045568 42478777 42130419 42443270
Banks Balance Sheet 42824126.00
TWD Million
42672839 42068586 41445507 41102685 41560401
Foreign Exchange Reserves 4571.30
USD Hundred Million
4591 4603 4608 4612 4615
Loans to Private Sector 10699724.00
TWD Million
10328080 10458595 10684988 10663195 10351731
Central Bank Balance Sheet 16322365.00
TWD Million
16072279 16069252 16065915 16062889 16044162
Loan Growth 5.11
percent
4.73 4.81 4.79 4.79 4.79
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 4150.00
USD Million
6764 4248 4722 5171 4704
Exports 26730.00
USD Million
27587 27011 25532 26602 26333
Imports 22576.00
USD Million
22165 22051 22078 22097 22086
Current Account 26577.00
USD Million
22016 22016 22016 22016 22016
Current Account to GDP 13.40
percent
12 12 12 11.7 11.5
External Debt 181938.00
USD Million
176045 176045 176045 176045 176045
Terms of Trade 93.90
Index Points
95.7 95.82 95.97 96.21 97.87
Capital Flows 25074.00
USD Million
21372 21369 21369 21369 21369
Tourist Arrivals 850.76
Thousand
1000 900 900 900 900
Gold Reserves 423.60
Tonnes
424 424 424 424 424
Foreign Direct Investment 975.67
USD Million
652 640 704 627 649
Crude Oil Production 0.20
BBL/D/1K
0.2 0.2 0.2 0.21 0.23
Terrorism Index 0.50
0.21 0.2 0.2 0.17 0.06
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 31.20
percent
32 32 32 33 34
Government Budget -1.40
percent of GDP
-2.09 -1.96 -1.83 -2.02 -1.84
Government Budget Value -244.20
TWD Billion
-214 -214 -214 -214 -214
Government Spending 582190.00
TWD Million
597830 599259 595580 589262 620857
Government Revenues 2731.20
TWD Billion
2625 2625 2625 2625 2625
Fiscal Expenditure 2958.10
TWD Billion
2839 2839 2839 2839 2839
Military Expenditure 9874.90
USD Million
9821 9908 9995 10026 10152
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Manufacturing PMI 54.80
55.9 54 54.3 54 53.5
Industrial Production 3.09
percent
0.96 2.55 2.7 2.94 -1.1
Industrial Production Mom 0.20
percent
0.51 0.51 0.51 0.51 0.51
Manufacturing Production 3.20
percent
3 3.22 3.41 3.22 3.24
New Orders 42383.00
USD Million
42168 47437 35497 40174 41894
Changes in Inventories -28925.00
TWD Million
-30252 -33297 -31004 -32731 -31956
Bankruptcies 2321.00
Companies
2662 2701 2714 2719 2723
Car Production 21119.00
Units
17550 27978 22405 24337 23354
Car Registrations 21753.38
Thousand
21712 21667 21618 21586 21616
Leading Economic Index 113.60
Index Points
113 112 112 112 111
Internet Speed 16869.04
KBps
18562 18668 18718 18805 19374
IP Addresses 7115844.00
IP
7426297 7446665 7458432 7462220 7441608
Cement Production 784.13
Thousands of Tonnes
819 880 992 922 921
Coincident Index 114.86
Index Points
112 112 111 111 111
Competitiveness Index 5.33
Points
5.3 5.3 5.3 5.3 5.3
Competitiveness Rank 15.00
14 14 14 14 14
Ease Of Doing Business 15.00
15 15 15 15 15
Corruption Index 63.00
Points
63 63 63 63 63
Corruption Rank 29.00
29 29 29 29 29
Mining Production -1.09
percent
-3.66 0.01 -1.6 -0.91 -1.13
Steel Production 2000.00
Thousand Tonnes
1883 1870 1877 1879 1877
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Confidence 86.89
Index Points
87.21 86.65 86.16 85.74 83.54
Retail Sales Mom -2.50
percent
2.26 -1.42 2.83 -0.68 0.95
Retail Sales YoY 5.00
percent
3.1 3.54 1.72 1.88 2.07
Consumer Spending 2283089.00
TWD Million
2280945 2290470 2335600 2287902 2434723
Disposable Personal Income 8400000.00
TWD Million
8462494 8559643 8656791 8723345 9614011
Personal Savings 1829500.00
TWD Million
1791522 1816284 1841046 1844446 1797087
Consumer Credit 7995157.00
TWD Million
8003855 8015849 8022263 8024865 7968352
Bank Lending Rate 2.63
percent
2.63 2.63 2.63 2.63 2.63
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Housing Index 283.34
Index Points
282 280 282 280 282
Construction Output -15.27
percent
0.12 0.13 0.13 0.13 0.13
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 14.02 11 13
Social Security Rate For Companies 10.87
percent
10.95 10.95 10.95 11.07 13.37
Social Security Rate For Employees 3.15
percent
3.13 3.13 3.13 2.67 3.11
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 27.97
celsius
23.68 26.69 20.69 16.91 22.47