Taiwan Minimum Monthly Wage - Forecast

Minimum Wages in Taiwan is expected to be 22000.00 TWD/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Minimum Monthly Wage is projected to trend around 24500.00 TWD/Month in 2020, according to our econometric models.


Taiwan Minimum Monthly Wage
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Taiwan Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.69 3.7 3.7 3.8 3.8 4.1
Employed Persons 11411 11448 11476 11505 11533 11816
Unemployed Persons 430 424 421 419 417 413
Labor Force Participation Rate 58.86 58.88 58.88 58.88 58.88 58.88
Labour Costs 89.84 109 109 109 109 109
Productivity 107 113 113 113 113 113
Minimum Wages 22000 22000 22000 23200 23200 24500
Wages in Manufacturing 46502 45200 47300 43000 45100 49400
Population 23.57 23.6 23.6 23.61 23.62 23.71
Wages 47958 45620 49100 45400 48500 50900
Youth Unemployment Rate 11.54 12.03 12 12 12 12