Markets Actual Q3 Q4 Q1 Q2 2020
Currency 31.42 31.21 31.31 31.4 31.5 31.69
Stock Market (points) 10538.11 10369 10243 10119 9997 9756
Government Bond 10y (%) 0.68 0.7 0.71 0.73 0.74 0.77
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.67 0.8 0.7 0.5 0.5 0.7
GDP Annual Growth Rate (%) 2.40 2.6 2.7 2.9 2.6 2.4
Unemployment Rate (%) 3.72 3.8 3.9 4 4 3.8
Inflation Rate (%) 0.40 0.7 0.7 1 0.8 1.2
Interest Rate (%) 1.38 1.38 1.38 1.38 1.38 1.38
Balance of Trade (USD Million) 3570.00 1800 4800 4800 4800 3400
Current Account (USD Million) 17560.00 19980 22770 24790 22800 21140
Current Account to GDP (%) 11.60 6.2 6.2 5.9 5.9 5.9
Government Debt to GDP (%) 30.90 33 33 34 34 34
Government Budget (% of GDP) -1.40 -2.1 -2.1 -1.2 -1.2 -1.2
Manufacturing PMI 48.10 48.2 50.3 48.2 50 49.1
Consumer Confidence (Index Points) 81.48 76.4 79.2 79.2 85 82.9
Retail Sales Mom (%) 4.96 -3.1 4.2 -2 -2.7 3.7
Corporate Tax Rate (%) 17.00 17 17 17 17 17
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.67 0.8 0.7 0.5 0.5 0.7
GDP Annual Growth Rate (%) 2.40 2.6 2.7 2.9 2.6 2.4
GDP (USD Billion) 589.39 605 605 622 622 622
GDP Constant Prices (TWD Million) 4287330.00 4322142 4339584 4382165 4398801 4443734
Gross National Product (TWD Million) 4410263.00 4585320 4778987 4534873 4524930 4893683
Gross Fixed Capital Formation (TWD Million) 960718.00 1016080 989852 969617 985697 1013609
GDP From Agriculture (TWD Million) 55600.00 49650 64830 54584 57046 66386
GDP From Construction (TWD Million) 101708.00 104946 87222 103295 104352 89315
GDP From Manufacturing (TWD Million) 1292463.00 1430041 1397645 1208437 1326067 1431189
GDP From Mining (TWD Million) 3405.00 3398 4248 3400 3494 4350
GDP From Public Administration (TWD Million) 274064.00 281282 263505 279552 281190 269829
GDP From Services (TWD Million) 2699936.00 2739883 2897852 2783324 2770134 2967400
GDP From Transport (TWD Million) 121664.00 128708 131728 131904 124827 134890
GDP From Utilities (TWD Million) 29232.00 35170 42673 31298 29992 43697
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 3.72 3.8 3.9 4 4 3.8
Unemployed Persons (Thousand ) 445.00 462 458 458 458 444
Labor Force Participation Rate (%) 59.19 59.3 59.3 59.3 59.3 59.8
Labour Costs (Index Points) 91.47 103 98.6 98.6 98.6 109
Minimum Wages (TWD/Month) 23100.00 23100 23100 24500 24500 24500
Wages in Manufacturing (TWD/Month) 46900.00 45900 48280 43700 45800 49400
Population (Million) 23.58 23.67 23.61 23.65 23.65 23.65
Wages (TWD/Month) 48286.00 46500 49800 47700 48900 50900
Youth Unemployment Rate (%) 12.20 11.8 12.1 12.1 12.1 13.2
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 0.40 0.7 0.7 1 0.8 1.2
Consumer Price Index CPI (Index Points) 102.88 103 102 103 104 103
Core Consumer Prices (Index Points) 102.94 103 103 103 104 104
Core Inflation Rate (%) 0.34 0.5 0.5 0.9 0.9 1.4
Producer Prices (Index Points) 102.70 107 104 104 104 105
Food Inflation (%) 1.71 1.7 1.5 1.5 1.5 2
Inflation Rate Mom (%) 0.01 -0.1 0.2 0.2 0.2 0.3
CPI Housing Utilities (Index Points) 103.19 104 102 103 104 104
CPI Transportation (Index Points) 104.04 105 103 104 104 104
Producer Prices Change (%) -3.42 -0.6 0.5 1.1 0.9 1.5
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 1.38 1.38 1.38 1.38 1.38 1.38
Interbank Rate (%) 0.67 0.67 0.67 0.67 0.67 0.67
Money Supply M2 (TWD Million) 45202779.00 44470000 45500000 45500000 45500000 47100000
Foreign Exchange Reserves (USD Hundred Million) 4672.30 4670 4620 4640 4660 4680
Banks Balance Sheet (TWD Million) 44506231.00 44350000 44770000 44770000 44770000 45550000
Loans to Private Sector (TWD Million) 11464181.00 11571371 11604029 11490302 11762250 11882526
Central Bank Balance Sheet (TWD Million) 16720482.00 18100000 18250000 18250000 18250000 19100000
Loan Growth (%) 4.92 4.5 4.3 4.3 4.3 5.8
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Million) 3570.00 1800 4800 4800 4800 3400
Current Account (USD Million) 17560.00 19980 22770 24790 22800 21140
Current Account to GDP (%) 11.60 6.2 6.2 5.9 5.9 5.9
Imports (USD Million) 24635.75 24300 22400 24400 24900 25500
Exports (USD Million) 28203.28 26100 27200 29500 28900 30900
External Debt (USD Million) 187182.00 207879 196322 200686 200101 201034
Tourist Arrivals (Thousand) 932.70 950 930 930 930 890
Gold Reserves (Tonnes) 423.60 424 424 424 424 424
Foreign Direct Investment (USD Million) 468.90 940 965 965 965 910
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 30.90 33 33 34 34 34
Government Budget (% of GDP) -1.40 -2.1 -2.1 -1.2 -1.2 -1.2
Government Spending (TWD Million) 604209.00 606921 616810 609164 619918 631613
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 17.00 17 17 17 17 17
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
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 11.2 11.2 12.5 12.5 12.5
Social Security Rate For Employees (%) 3.15 3.2 3.2 3.05 3.05 3.05
Business Actual Q3 Q4 Q1 Q2 2020
Manufacturing PMI 48.10 48.2 50.3 48.2 50 49.1
Industrial Production (%) 3.03 -2 1.5 2.9 3.2 1.9
Industrial Production Mom (%) 1.92 0.1 0.3 0.3 0.3 0.8
Manufacturing Production (%) 3.07 2.9 3.1 3.1 3.1 3.8
Changes in Inventories (TWD Million) -4731.00 23300 35000 35000 35000 16100
Car Production (Units) 25891.00 24500 25300 25300 25300 23800
Car Registrations (Thousand) 21987.76 21950 22090 22090 22090 22190
Leading Economic Index (Index Points) 112.30 112 113 113 113 114
Coincident Index (Index Points) 107.77 110 111 111 111 116
Steel Production (Thousand Tonnes) 1960.00 1915 1885 1885 1885 1800
Mining Production (%) -7.13 -6.5 -3.5 -3.5 -3.5 6.1
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 81.48 76.4 79.2 79.2 85 82.9
Retail Sales Mom (%) 4.96 -3.1 4.2 -2 -2.7 3.7
Retail Sales YoY (%) 6.66 2.5 4.8 3.6 3.4 2.8
Consumer Spending (TWD Million) 2346085.00 2369810 2384064 2399984 2407083 2441282
Disposable Personal Income (TWD Million) 8956900.00 8948054 8956775 8974218 8948054 9171738
Consumer Credit (TWD Million) 8469073.00 8388076 8528596 8576628 8689269 8733283
Bank Lending Rate (%) 2.63 2.64 2.64 2.64 2.64 2.64
Housing Actual Q3 Q4 Q1 Q2 2020
Housing Index (Index Points) 294.46 298 304 304 304 315
Construction Output (%) -15.27 2.1 -5.9 -5.9 -5.9 7.3


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.