Markets Actual Q1 Q2 Q3 Q4 2022
Currency 27.93 27.96 28.04 28.13 28.21 28.38
Stock Market (points) 15855.23 15540 15231 14928 14630 14033
Government Bond 10y (%) 0.42 0.33 0.33 0.34 0.34 0.36

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 1.43 1 1.5 0.5 0.5 1
GDP Annual Growth Rate (%) 5.09 2.5 3 3.2 3.4 2.6
Unemployment Rate (%) 3.75 3.8 3.7 3.7 3.7 4.2
Inflation Rate (%) -0.16 2.9 3.3 2.7 2.1 2.2
Interest Rate (%) 1.13 1.13 1.13 1.25 1.25 1.25
Balance of Trade (USD Million) 6193.33 5100 4000 3950 3400 3400
Current Account (USD Million) 27334.00 18200 17921 19500 19550 21600
Current Account to GDP (%) 9.50 10 10 10 10 10
Government Debt to GDP (%) 28.20 35 35 35 35 34
Government Budget (% of GDP) -4.50 -3 -3 -3 -3 -2
Manufacturing PMI (points) 60.40 60 59 58 59 55
Consumer Confidence (points) 71.98 73 80 83 85 85
Retail Sales Mom (%) 0.60 2.2 4.5 4 4.5 4.5
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 1.43 1 1.5 0.5 0.5 1
GDP Annual Growth Rate (%) 5.09 2.5 3 3.2 3.4 2.6
GDP (USD Billion) 610.70 615 615 615 615 630
GDP Constant Prices (TWD Million) 5097245.00 4970950 4959863 5163881 5173889 5308410
Gross National Product (TWD Million) 5496971.00 4824692 4999309 5402430 5412900 5553635
Gross Fixed Capital Formation (TWD Million) 1207434.00 1095224 1134092 1172227 1174499 1205036
GDP From Agriculture (TWD Million) 103278.00 91745 97042 84004 84167 86355
GDP From Construction (TWD Million) 107886.00 117182 121360 128903 129153 132511
GDP From Manufacturing (TWD Million) 1782089.00 1509161 1608968 1826278 1829817 1877392
GDP From Mining (TWD Million) 3660.00 2903 3061 3046 3052 3132
GDP From Public Administration (TWD Million) 263953.00 285104 287362 288315 288874 296384
GDP From Services (TWD Million) 3262889.00 2974696 2919290 3087659 3093643 3174078
GDP From Transport (TWD Million) 177384.00 133344 109568 122575 122812 126005
GDP From Utilities (TWD Million) 82797.00 74871 75745 88539 88711 91017

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 3.75 3.8 3.7 3.7 3.7 4.2
Unemployed Persons (Thousand ) 438.00 440 440 435 435 435
Labor Force Participation Rate (%) 59.14 59 59.1 59.1 59.1 59.2
Labour Costs (points) 81.85 109 109 109 109 109
Minimum Wages (TWD/Month) 24000.00 24000 24000 24000 24000 24500
Wages in Manufacturing (TWD/Month) 50800.00 51900 52000 52000 52000 53200
Population (Million) 23.55 23.6 23.6 23.6 23.6 23.61
Youth Unemployment Rate (%) 11.96 12 12.2 12.3 12.5 12
Wages (TWD/Month) 53252.00 52100 52000 52800 53000 54000

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -0.16 2.9 3.3 2.7 2.1 2.2
Consumer Price Index CPI (points) 103.11 105 106 105 105 107
Core Consumer Prices (points) 103.62 105 103 103 107 107
Core Inflation Rate (%) 0.69 0.8 1.2 0.6 1 1
Producer Prices (points) 96.05 89.13 98.7 101 100 104
Food Inflation (%) 1.22 1.5 2.1 1.8 1.8 2
Inflation Rate Mom (%) 0.51 0.3 0.4 0.4 0.3 0.3
Producer Prices Change (%) -2.86 -6.5 6.5 7.5 6 4
CPI Housing Utilities (points) 102.70 105 107 106 105 107
CPI Transportation (points) 102.11 101 100 101 103 105

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 1.13 1.13 1.13 1.25 1.25 1.25
Interbank Rate (%) 0.48 0.49 0.49 0.61 0.61 0.61
Money Supply M2 (TWD Million) 50346758.00 49650875 50375522 51100170 51824817 54723406
Banks Balance Sheet (TWD Million) 50607145.00 49664191 50422889 51181586 51940284 54975074
Foreign Exchange Reserves (USD HML) 5433.30 5653 6008 6362 6716 8134
Loans to Private Sector (TWD Million) 12785128.00 12374420 12645937 12960827 13069128 13408926
Loan Growth (%) 6.94 5.5 3.5 4 5 5
Central Bank Balance Sheet (TWD Million) 18305420.00 18027548 18498575 18969603 19440630 21324740

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) 6193.33 5100 4000 3950 3400 3400
Current Account (USD Million) 27334.00 18200 17921 19500 19550 21600
Current Account to GDP (%) 9.50 10 10 10 10 10
Imports (USD Million) 28080.86 23500 24550 25500 26500 26500
Exports (USD Million) 34274.19 27500 28500 28000 28500 29500
External Debt (USD Million) 189873.00 197000 193500 189000 199000 199000
Tourist Arrivals (Thousand) 14.79 110 620 880 1090 1110
Gold Reserves (Tonnes) 423.63 423 423 423 423 423
Foreign Direct Investment (USD Million) 508.12 550 1000 970 970 950

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 28.20 35 35 35 35 34
Government Budget (% of GDP) -4.50 -3 -3 -3 -3 -2
Government Spending (TWD Million) 675450.00 674042 669297 696744 698095 716245
Government Revenues (TWD Billion) 2942.28 2950 2950 2875 2875 2875
Fiscal Expenditure (TWD Billion) 3075.80 3350 3350 3350 3350 3350
Military Expenditure (USD Million) 10458.00 10500 10500 10500 10500 10500

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 40.00 40 40 40 40 40
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 11 11 11 11
Social Security Rate For Employees (%) 3.15 3.2 3.2 3.2 3.2 3.2

Business Actual Q1 Q2 Q3 Q4 2022
Manufacturing PMI (points) 60.40 60 59 58 59 55
Industrial Production (%) 18.81 1.5 3.3 3.1 2 2
Industrial Production Mom (%) 3.00 0.3 2.5 1.5 1.5 0.8
Manufacturing Production (%) 19.67 2.5 4.4 4.4 3 3
New Orders (USD Million) 52716.00 41900 42750 44500 45000 45000
Changes in Inventories (TWD Million) -50900.00 35000 -20000 -40000 50000 22000
Car Production (Units) 27070.00 17800 18500 19700 20000 21000
Car Registrations (Thousand) 22297.00 22150 22150 22500 22300 22300
Leading Economic Index (points) 127.80 113 115 116 115 115
Steel Production (Thousand Tonnes) 1700.00 1780 1850 1810 1900 1900
Coincident Index (points) 125.97 111 111 113 113 115

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 71.98 73 80 83 85 85
Retail Sales Mom (%) 0.60 2.2 4.5 4 4.5 4.5
Retail Sales YoY (%) 3.56 3.3 4.6 3 2 2
Consumer Spending (TWD Million) 2420993.00 2446137 2386570 2459258 2464024 2528089
Disposable Personal Income (TWD Million) 9256300.00 9487708 9533989 9552502 9571014 9819861
Consumer Credit (TWD Million) 9624013.00 9083184 9347945 9586104 9884225 10141215
Bank Lending Rate (%) 2.44 2.45 2.45 2.57 2.57 2.57

Housing Actual Q1 Q2 Q3 Q4 2022
Housing Index (points) 296.48 310 311 313 313 315


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.