Markets Actual Q1 Q2 Q3 Q4 2020
Currency 30.86 30.88 30.99 31.1 31.21 31.44
Stock Market (points) 9836.06 9429 9306 9183 9063 8827
Government Bond 10y (%) 0.88 0.86 0.88 0.89 0.91 0.94
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.38 0.9 1.1 0.8 0.5 0.6
GDP Annual Growth Rate (%) 2.27 2.1 2.5 2.3 2.2 1.8
Unemployment Rate (%) 3.69 3.7 3.8 3.8 3.9 3.8
Inflation Rate (%) -0.05 1.4 1.6 1.8 1.6 1.8
Interest Rate (%) 1.38 1.38 1.5 1.5 1.75 2
Balance of Trade (USD Million) 4712.62 3400 2500 2800 4800 3400
Current Account (USD Million) 14040.00 21300 20800 19980 20770 21140
Current Account to GDP (%) 14.70 13.5 13.5 13.5 13.5 13.2
Government Debt to GDP (%) 31.20 33 33 33 33 34
Government Budget (% of GDP) -1.40 -2.1 -2.1 -2.1 -2.1 -1.2
Manufacturing PMI 47.70 52 53 51.9 52.3 51
Consumer Confidence (Index Points) 79.74 82.8 82.9 83.2 83.2 82.9
Retail Sales Mom (%) 0.50 -0.6 -1.5 -3.1 -0.5 1.8
Corporate Tax Rate (%) 17.00 17 17 17 17 17
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.38 0.9 1.1 0.8 0.5 0.6
GDP Annual Growth Rate (%) 2.27 2.1 2.5 2.3 2.2 1.8
GDP (USD Billion) 579.30 605 605 605 605 622
GDP Constant Prices (TWD Million) 4208151.00 4209744 4227197 4240428 4300730 4378143
Gross National Product (TWD Million) 4462754.00 4440316 4374946 4496983 4560935 4643031
Gross Fixed Capital Formation (TWD Million) 989303.00 888093 901093 996891 1011068 1029267
GDP From Agriculture (TWD Million) 48390.00 53065 59618 48761 49455 50345
GDP From Construction (TWD Million) 102288.00 100927 101729 104641 104538 106420
GDP From Manufacturing (TWD Million) 1389813.00 1215226 1290053 1400473 1420389 1445956
GDP From Mining (TWD Million) 3287.00 3247 3472 3363 3359 3420
GDP From Public Administration (TWD Million) 273442.00 274909 278346 279731 279458 284488
GDP From Services (TWD Million) 2670883.00 2661856 2655831 2691369 2729642 2778776
GDP From Transport (TWD Million) 123873.00 126789 121371 124823 126598 128877
GDP From Utilities (TWD Million) 34340.00 29917 29259 34603 35095 35727
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 3.69 3.7 3.8 3.8 3.9 3.8
Employed Persons (Thousand ) 11463.00 11470 11480 11490 11510 11630
Unemployed Persons (Thousand ) 439.00 465 467 462 458 444
Labor Force Participation Rate (%) 59.05 59.2 59.2 59.3 59.3 59.8
Productivity (Index Points) 118.46 114 103 108 116 120
Labour Costs (Index Points) 99.87 128 109 103 98.6 109
Minimum Wages (TWD/Month) 23100.00 23100 23100 23100 23100 24500
Wages in Manufacturing (TWD/Month) 46928.00 43200 45100 45900 48280 49400
Population (Million) 23.57 23.67 23.67 23.67 23.67 23.74
Youth Unemployment Rate (%) 12.29 11.4 11.2 11.8 12.1 13.2
Wages (TWD/Month) 46542.00 47400 48500 46500 49800 50900
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) -0.05 1.4 1.6 1.8 1.6 1.8
Consumer Price Index CPI (Index Points) 101.51 103 104 104 104 106
Core Consumer Prices (Index Points) 102.27 104 105 104 104 105
Core Inflation Rate (%) 0.50 1.9 2.1 1.8 1.6 1.3
GDP Deflator (Index Points) 104.39 110 106 105 104 104
Producer Prices (Index Points) 103.18 108 112 114 112 120
Export Prices (Index Points) 99.30 102 102 101 101 101
Import Prices (Index Points) 105.81 111 111 111 111 112
Food Inflation (%) -0.61 1.1 1.2 1.7 1.5 2
Inflation Rate Mom (%) -0.29 0.1 -0.3 -0.1 0.2 0.3
CPI Housing Utilities (Index Points) 101.69 102 104 105 103 105
CPI Transportation (Index Points) 102.02 105 106 106 105 107
Producer Prices Change (%) 0.83 6.5 6.4 6.6 6.5 6.9
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 1.38 1.38 1.5 1.5 1.75 2
Interbank Rate (%) 0.67 0.67 0.79 0.79 1.04 1.04
Money Supply M0 (TWD Million) 1912591.00 1985000 1930000 1920000 1900000 1950000
Money Supply M1 (TWD Million) 6792900.00 6910000 6940000 6970000 6990000 7250000
Money Supply M2 (TWD Million) 43948736.00 44100000 44350000 44470000 45500000 47100000
Foreign Exchange Reserves (USD Hundred Million) 4617.84 4630 4650 4670 4620 4680
Banks Balance Sheet (TWD Million) 43498406.00 44000000 44200000 44350000 44770000 45550000
Loans to Private Sector (TWD Million) 11355259.00 11750000 12200000 12700000 12950000 13500000
Central Bank Balance Sheet (TWD Million) 16480226.00 17700000 17900000 18100000 18250000 19100000
Loan Growth (%) 5.18 5.3 5.1 4.5 4.3 5.8
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 4712.62 3400 2500 2800 4800 3400
Current Account (USD Million) 14040.00 21300 20800 19980 20770 21140
Current Account to GDP (%) 14.70 13.5 13.5 13.5 13.5 13.2
Imports (USD Million) 23893.76 23600 24300 23300 22400 19500
Exports (USD Million) 28606.38 27000 26800 26100 27200 22900
External Debt (USD Million) 202611.00 211000 218000 222000 227000 239000
Terms of Trade (Index Points) 93.80 91.86 91.52 91.08 90.66 90.13
Capital Flows (USD Million) 11195.00 15800 16100 16300 16700 17400
Tourist Arrivals (Thousand) 1019.02 900 920 950 930 890
Gold Reserves (Tonnes) 423.60 424 424 424 424 424
Foreign Direct Investment (USD Million) 508.48 890 920 940 965 910
Crude Oil Production (BBL/D/1K) 0.20 0.19 0.19 0.19 0.19 0.19
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 31.20 33 33 33 33 34
Government Budget (% of GDP) -1.40 -2.1 -2.1 -2.1 -2.1 -1.2
Government Budget Value (TWD Billion) -244.20 -300 -300 -300 -300 -355
Government Spending (TWD Million) 589219.00 622787 635287 602771 602182 613021
Government Revenues (TWD Billion) 2731.20 2800 2800 2800 2800 2875
Fiscal Expenditure (TWD Billion) 2958.10 3100 3100 3100 3100 3230
Military Expenditure (USD Million) 9874.90 9990 9990 9990 9990 10000
Taxes Actual Q1 Q2 Q3 Q4 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 11.2 11.2 12.5
Social Security Rate For Employees (%) 3.15 3.2 3.2 3.2 3.2 3.05
Business Actual Q1 Q2 Q3 Q4 2020
Manufacturing PMI 47.70 52 53 51.9 52.3 51
Industrial Production (%) 2.09 8.6 5.8 4.9 3.5 -1.1
Industrial Production Mom (%) -2.33 0.4 0.3 0.1 0.3 0.8
Manufacturing Production (%) 2.23 3.9 3.7 2.9 3.1 3.8
New Orders (USD Million) 47684.00 41500 41900 42050 42500 44000
Changes in Inventories (TWD Million) 22522.00 3220 11230 23300 35000 16100
Bankruptcies (Companies) 2675.00 3320 3500 2850 2640 2300
Car Production (Units) 18923.00 23600 23900 24500 25300 23800
Car Registrations (Thousand) 21871.24 21875 21915 21950 22090 22190
Leading Economic Index (Index Points) 110.30 112 112 112 113 114
Cement Production (Thousands of Tonnes ) 955.94 843 839 831 825 810
Coincident Index (Index Points) 109.93 105 109 110 111 116
Mining Production (%) -1.24 -9.2 -13.4 -6.5 -3.5 6.1
Steel Production (Thousand Tonnes) 1880.00 2010 1950 1915 1885 1800
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 79.74 82.8 82.9 83.2 83.2 82.9
Retail Sales Mom (%) 0.50 -0.6 -1.5 -3.1 -0.5 1.8
Retail Sales YoY (%) 0.39 3.6 4.9 4.4 4.8 4.9
Consumer Spending (TWD Million) 2315541.00 2312919 2326227 2333301 2366483 2409080
Disposable Personal Income (TWD Million) 8721300.00 9080000 9080000 9080000 9080000 9250000
Personal Savings (TWD Million) 1774100.00 1895000 1895000 1895000 1895000 1936000
Consumer Credit (TWD Million) 8260261.00 8183000 8196000 8210000 8350000 8990000
Bank Lending Rate (%) 2.63 2.63 2.75 2.75 3 3
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (Index Points) 283.98 293 295 298 304 315
Construction Output (%) -15.27 5.7 3.5 2.1 -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.