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 0.20 0.6 0.7 0.8 0.8 0.7 percent
Unemployment Rate 3.68 3.7 3.7 3.8 3.8 4.1 percent
Inflation Rate 1.31 1 1.3 1.4 1.6 2.1 percent
Interest Rate 1.38 1.38 1.38 1.38 1.5 2 percent
Balance of Trade 5207.18 3632 3952 3981 3919 3928 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 30.65
 30.81 31.1 31.39 31.68 32.87
Stock Market 10946.89
points		 10403 10095 9794 9504 8424
Government Bond 10y 0.88
percent		 0.98 1.03 1.08 1.13 1.37
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.20
percent		 0.6 0.7 0.8 0.8 0.7
GDP Annual Growth Rate 3.02
percent		 2.4 2.3 2.4 2.3 2.2
GDP 529.58
USD Billion		 539 539 574 574 585
GDP Constant Prices 4158657.00
TWD Million		 4151361 4241288 4246427 4254306 4421289
Gross National Product 4375681.00
TWD Million		 4568606 4780812 4480697 4417111 4983710
Gross Fixed Capital Formation 916804.00
TWD Million		 946110 960815 911450 937890 1001592
GDP From Agriculture 49459.00
TWD Million		 45727 64394 50646 58474 67127
GDP From Construction 98999.00
TWD Million		 100849 82958 101375 98403 86479
GDP From Manufacturing 1192870.00
TWD Million		 1362879 1334839 1221499 1243079 1391490
GDP From Mining 3258.00
TWD Million		 3306 3992 3336 3429 4161
GDP From Public Administration 268752.00
TWD Million		 275850 260216 275202 274045 271260
GDP From Services 2635779.00
TWD Million		 2633175 2823602 2699038 2610550 2943435
GDP From Transport 125304.00
TWD Million		 120175 126458 128311 117577 131825
GDP From Utilities 29922.00
TWD Million		 34128 42780 30640 29202 44595
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.68
percent		 3.7 3.7 3.8 3.8 4.1
Employed Persons 11429.00
Thousand 		11457 11485 11513 11541 11824
Unemployed Persons 437.00
Thousand 		437 437 437 437 437
Labor Force Participation Rate 58.97
percent		 58.95 58.95 58.95 58.95 58.95
Productivity 107.05
Index Points		 113 113 113 113 113
Labour Costs 89.84
Index Points		 109 109 109 109 109
Minimum Wages 22000.00
TWD/Month		 22000 22000 23200 23200 24500
Wages in Manufacturing 46502.00
TWD/Month		 45200 47300 43000 45100 49400
Population 23.57
Million		 23.6 23.6 23.61 23.62 23.71
Youth Unemployment Rate 11.54
percent		 11.84 11.85 11.82 11.82 11.83
Wages 47958.00
TWD/Month		 45620 49100 45400 48500 50900
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.31
percent		 1 1.3 1.4 1.6 2.1
Consumer Price Index CPI 102.02
Index Points		 102 103 103 104 107
Core Consumer Prices 102.26
Index Points		 102 103 103 103 105
Core Inflation Rate 1.30
percent		 1.03 1.02 1.01 1 1
GDP Deflator 104.97
Index Points		 106 106 110 105 106
Producer Prices 105.44
Index Points		 107 103 108 112 105
Export Prices 100.97
Index Points		 101 101 101 101 101
Import Prices 108.16
Index Points		 108 108 108 108 108
Food Inflation 1.79
percent		 1.5 1.8 1.5 1.5 2
Inflation Rate Mom 0.43
percent		 0.04 0.05 0.06 0.06 0.06
CPI Housing Utilities 102.59
Index Points		 103 102 102 104 106
CPI Transportation 103.48
Index Points		 103 104 105 105 109
Producer Prices Change 6.65
percent		 6.35 0.8 6.2 6.24 0.9
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 1866369.00
TWD Million		 1855897 1857033 1856847 1856851 1856854
Money Supply M1 6670100.00
TWD Million		 6786940 6864046 6941361 7018470 7770656
Money Supply M2 43579000.00
TWD Million		 44164530 44560305 44956685 45352801 49303864
Banks Balance Sheet 43479365.00
TWD Million		 43851745 44177227 44502558 44827881 48081103
Foreign Exchange Reserves 4571.20
USD Hundred Million		 4573 4573 4574 4573 4574
Loans to Private Sector 10921290.00
TWD Million		 11101192 11163303 11190892 11202937 11211672
Central Bank Balance Sheet 16583557.00
TWD Million		 16681007 16766380 16844807 16916758 17377929
Loan Growth 5.55
percent		 6.09 6.32 6.44 6.5 6.56
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 5207.18
USD Million		 3632 3952 3981 3919 3928
Exports 28245.24
USD Million		 27819 28207 28243 28185 28190
Imports 23038.06
USD Million		 23920 23265 24005 23293 23310
Current Account 20079.00
USD Million		 22805 23276 21489 21627 22383
Current Account to GDP 14.70
percent		 12 12 11.7 11.7 11.5
External Debt 192281.00
USD Million		 196218 195685 198575 196855 197668
Terms of Trade 93.40
Index Points		 93.15 93 92.99 92.98 92.97
Capital Flows 21180.00
USD Million		 22609 23547 21920 21453 22400
Tourist Arrivals 842.24
Thousand		 800 900 800 900 900
Gold Reserves 423.60
Tonnes		 424 424 424 424 424
Foreign Direct Investment 212.09
USD Million		 569 570 575 575 575
Crude Oil Production 0.20
BBL/D/1K		 0.2 0.2 0.2 0.2 0.2
Terrorism Index 0.50
 0.2 0.2 0.17 0.14 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		 -1.93 -1.8 -1.97 -2.15 -1.92
Government Budget Value -244.20
TWD Billion		 -188 -216 -229 -243 -249
Government Spending 588658.00
TWD Million		 598481 595580 599164 602197 620857
Government Revenues 2731.20
TWD Billion		 2609 2609 2672 2693 2680
Fiscal Expenditure 2958.10
TWD Billion		 2797 2797 2901 2936 2930
Military Expenditure 9874.90
USD Million		 9989 10002 10000 9997 10013
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Manufacturing PMI 54.50
 54 54.3 54 53 53.5
Industrial Production 0.36
percent		 4.2 2.7 8.6 5.8 -1.1
Industrial Production Mom -2.70
percent		 -0.07 0.58 0.44 0.39 0.39
Manufacturing Production 7.24
percent		 8.74 8.73 8.73 8.73 8.73
New Orders 40314.00
USD Million		 40837 40907 40852 40860 40865
Changes in Inventories 10753.00
TWD Million		 -180 928 3222 4230 3565
Bankruptcies 2594.00
Companies		 2131 2148 2146 2146 2146
Car Production 23141.00
Units		 25817 22192 25654 22211 22349
Car Registrations 21795.01
Thousand		 21834 21870 21904 21937 22212
Leading Economic Index 109.70
Index Points		 105 106 106 106 106
Internet Speed 16869.04
KBps		 18668 18718 18805 18989 19374
IP Addresses 7115844.00
IP		 7446665 7458432 7462220 7461571 7441608
Cement Production 947.46
Thousands of Tonnes 		901 899 902 899 900
Coincident Index 109.70
Index Points		 105 104 105 106 106
Competitiveness Index 5.33
Points		 5.28 5.28 5.33 5.35 5.36
Competitiveness Rank 15.00
 14 14 15 16 15
Ease Of Doing Business 15.00
 11.84 11.87 11.84 11.82 11.77
Corruption Index 63.00
Points		 62 62 62 63 62
Corruption Rank 29.00
 31 31 30 30 28
Mining Production -5.50
percent		 -9.16 -4.12 -7.66 -5.66 -6.33
Steel Production 1715.00
Thousand Tonnes		 1711 1741 1745 1738 1739
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 83.82
Index Points		 83.2 83.1 82.8 82.9 82.9
Retail Sales Mom -3.19
percent		 -0.75 0.29 0.62 0.43 0.31
Retail Sales YoY 4.88
percent		 4.9 3.9 3.6 4.9 4.9
Consumer Spending 2306965.00
TWD Million		 2294427 2335600 2350298 2360025 2434723
Disposable Personal Income 8400000.00
TWD Million		 8559643 8656791 8723345 8789899 9614011
Personal Savings 1829500.00
TWD Million		 1847342 1867527 1881944 1896360 2063658
Consumer Credit 8056194.00
TWD Million		 8147869 8215133 8275442 8332629 8737292
Bank Lending Rate 2.63
percent		 2.64 2.64 2.64 2.76 3.26
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 283.34
Index Points		 285 286 287 287 290
Construction Output -15.27
percent		 7.3 7.36 7.36 7.36 7.36
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		 10.93 10.93 10.49 10.35 12.59
Social Security Rate For Employees 3.15
percent		 3.12 3.12 2.73 2.6 3.13
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