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.


Forecast Data Chart
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Taiwan Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.69 3.7 3.7 3.7 3.8 4.1
Employed Persons 11443 11450 11460 11470 11480 11630
Unemployed Persons 453 460 463 465 467 444
Labor Force Participation Rate 59.09 59.1 59.2 59.2 59.2 59.8
Labour Costs 94.81 95.3 96.8 128 109 109
Productivity 111 107 114 114 103 120
Minimum Wages 22000 22000 22000 23200 23200 24500
Wages in Manufacturing 58061 45200 47300 43200 45100 49400
Population 23.57 23.62 23.62 23.67 23.67 23.74
Wages 51669 46020 49100 47400 48500 50900
Youth Unemployment Rate 12.42 12.5 12.7 11.4 11.2 13.2