Markets Actual Q3 Q4 Q1 Q2 2022
Currency 27.92 28.02 28.1 28.19 28.28 28.45
Stock Market (points) 17895.25 16751 16268 15800 15345 14473
Government Bond 10y (%) 0.37 0.4 0.44 0.49 0.53 0.65

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 3.05 0.5 0.5 0.5 0.5 1
GDP Annual Growth Rate (%) 7.47 4.1 3.9 3.5 3.1 2.6
Unemployment Rate (%) 4.76 3.7 3.7 4.1 4.1 4.2
Inflation Rate (%) 1.89 1.3 1.2 1.1 0.8 2
Interest Rate (%) 1.13 1.25 1.25 1.25 1.25 1.25
Balance of Trade (USD Million) 5144.95 5100 3400 3400 3400 3400
Current Account (USD Million) 25960.00 19500 19550 22500 22500 21600
Current Account to GDP (% of GDP) 9.50 10 10 10 10 10
Government Debt to GDP (% of GDP) 28.20 35 35 34 34 34
Government Budget (% of GDP) -4.50 -3 -3 -2 -2 -2
Manufacturing PMI (points) 59.70 61 60 60 59 55
Consumer Confidence (points) 76.92 83 85 85 85 85
Retail Sales Mom (%) -14.44 4 4.5 4.5 4.5 4.5
Corporate Tax Rate (%) 20.00 20 17 17 20 20
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 3.05 0.5 0.5 0.5 0.5 1
GDP Annual Growth Rate (%) 7.47 4.1 3.9 3.5 3.1 2.6
GDP (USD Billion) 610.70 615 615 615 615 630
GDP Constant Prices (TWD Million) 5268613.00 5208915 5296038 5453014 5431940 5433735
Gross National Product (TWD Million) 5179806.00 5449544 5711353 5361099 5340380 5859848
Gross Fixed Capital Formation (TWD Million) 1195878.00 1202223 1254524 1237734 1232950 1287142
GDP From Agriculture (TWD Million) 88446.00 84921 107306 91542 91188 110096
GDP From Construction (TWD Million) 125341.00 130032 112094 129728 129227 115008
GDP From Manufacturing (TWD Million) 1705633.00 1841369 1851590 1765330 1758508 1899732
GDP From Mining (TWD Million) 2904.00 3080 3803 3006 2994 3902
GDP From Public Administration (TWD Million) 281163.00 290828 274247 291004 289879 281378
GDP From Services (TWD Million) 2991918.00 3115837 3390142 3096635 3084667 3478285
GDP From Transport (TWD Million) 123144.00 1536516 184302 127454 126961 189094
GDP From Utilities (TWD Million) 75372.00 89738 86026 78010 77709 88263

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 4.76 3.7 3.7 4.1 4.1 4.2
Unemployed Persons (Thousand ) 565.00 435 435 435 435 435
Labor Force Participation Rate (%) 58.84 59.1 59.1 59.1 59.1 59.2
Labour Costs (points) 84.81 109 109 109 109 109
Minimum Wages (TWD/Month) 24000.00 24000 24000 24500 24500 24500
Wages in Manufacturing (TWD/Month) 51107.00 52000 52000 52500 52500 53200
Population (Million) 23.55 23.6 23.6 23.61 23.61 23.61
Youth Unemployment Rate (%) 12.58 12.3 12.5 12.5 12.5 12
Wages (TWD/Month) 51957.00 52800 53000 52900 52900 54000

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 1.89 1.3 1.2 1.1 0.8 2
Consumer Price Index CPI (points) 104.14 104 104 104 105 106
Core Consumer Prices (points) 104.39 105 107 107 105 106
Core Inflation Rate (%) 1.35 0.9 1 1 1 1
Producer Prices (points) 102.63 100 101 102 104 102
Food Inflation (%) 2.18 2.3 2.3 2 2 2
Inflation Rate Mom (%) -0.20 0.4 0.3 0.1 0.1 0.3
Producer Prices Change (%) 10.74 6.8 6.2 1.5 1.5 1.5
CPI Housing Utilities (points) 103.50 105 104 104 104 106
CPI Transportation (points) 104.51 99.62 102 104 105 104

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 1.13 1.25 1.25 1.25 1.25 1.25
Interbank Rate (%) 0.48 0.61 0.61 0.61 0.61 0.61
Money Supply M2 (TWD Million) 51857579.00 53828310 55134083 56439855 56439855 60357172
Banks Balance Sheet (TWD Million) 51627162.00 51181586 51940284 51940284 51940284 54975074
Foreign Exchange Reserves (USD HML) 5432.82 5780 5928 6075 6201 6518
Loans to Private Sector (TWD Million) 13185970.00 13073858 13132325 13308268 13594735 13473766
Loan Growth (%) 8.08 4 5 5 5 5
Central Bank Balance Sheet (TWD Million) 18647288.00 18969603 19440630 19440630 19440630 21324740

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) 5144.95 5100 3400 3400 3400 3400
Current Account (USD Million) 25960.00 19500 19550 22500 22500 21600
Current Account to GDP (% of GDP) 9.50 10 10 10 10 10
Imports (USD Million) 31508.03 25500 26500 26500 26500 26500
Exports (USD Million) 36652.98 28000 28500 28500 28500 29500
External Debt (USD Million) 209223.00 189000 199000 195000 195000 199000
Tourist Arrivals (Thousand) 2.78 880 1090 1090 1090 1110
Gold Reserves (Tonnes) 423.63 423 423 423 423 423
Crude Oil Production (BBL/D/1K) 0.20 0.19 0.19 0.19 0.19 0.19
Foreign Direct Investment (USD Million) 351.61 970 970 970 970 950

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 28.20 35 35 34 34 34
Government Budget (% of GDP) -4.50 -3 -3 -2 -2 -2
Government Budget Value (TWD Billion) -455.80 -355 -355 -355 -355 -355
Government Spending (TWD Million) 680361.00 702177 701793 704174 701452 720039
Government Revenues (TWD Billion) 2875.41 2875 2875 2875 2875 2875
Fiscal Expenditure (TWD Billion) 3331.21 3350 3350 3350 3350 3350
Military Expenditure (USD Million) 11597.00 10500 10500 10500 10500 10500

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 20.00 20 17 17 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 Q3 Q4 Q1 Q2 2022
Manufacturing PMI (points) 59.70 61 60 60 59 55
Industrial Production (%) 18.37 5.9 3.3 1.5 2 2
Industrial Production Mom (%) 2.57 1.5 1.5 1.5 1.5 0.8
Manufacturing Production (%) 20.20 4.4 3 3 3 3
New Orders (USD Million) 53733.00 44500 45000 45000 45000 45000
Changes in Inventories (TWD Million) 8309.00 -40000 50000 -20000 -20000 22000
Car Production (Units) 20742.00 19700 20000 20000 20000 21000
Car Registrations (Thousand) 22435.25 22500 22300 22300 22300 22300
Leading Economic Index (points) 126.50 116 115 115 115 115
Steel Production (Thousand Tonnes) 1700.00 1810 1900 1900 1900 1900
Coincident Index (points) 131.22 113 113 113 113 115

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 76.92 83 85 85 85 85
Retail Sales Mom (%) -14.44 4 4.5 4.5 4.5 4.5
Retail Sales YoY (%) -13.30 8.5 4 2 2 2
Consumer Spending (TWD Million) 2441051.00 2485725 2515412 2526488 2516724 2580812
Disposable Personal Income (TWD Million) 9256300.00 9635808 9617296 9580271 9543245 9867345
Consumer Credit (TWD Million) 9976004.00 9669703 9932021 10036184 10285260 10190254
Bank Lending Rate (%) 2.44 2.57 2.57 2.57 2.57 2.57

Housing Actual Q3 Q4 Q1 Q2 2022
Housing Index (points) 329.17 313 313 313 313 315


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.