Markets Actual Q3 Q4 Q1 Q2 2023
Currency 29.80 30.1 30.31 30.52 30.52 30.94
Stock Market (points) 14343.08 14488 14097 13716 13716 12985
Government Bond 10y (%) 1.27 1.49 1.62 1.75 1.75 2.06

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 1.06 2 1.5 0.6 0.5 0.7
GDP Annual Growth Rate (%) 3.14 3.9 3.5 2.9 2.5 3.5
Unemployment Rate (%) 3.73 3.75 3.68 3.71 3.71 3.71
Inflation Rate (%) 3.39 3.1 2.7 2 2 1
Interest Rate (%) 1.50 1.75 2 2.5 2.5 2.5
Balance of Trade (USD Million) 2404.96 2000 2000 3000 3000 3000
Current Account (USD Million) 30679.00 22500 21600 21600 21600 21600
Current Account to GDP (% of GDP) 9.50 10 10 10 10 10
Government Debt to GDP (% of GDP) 28.20 34 34 34 34 33
Government Budget (% of GDP) -4.50 -2 -2 -2 -2 -1.5
Manufacturing PMI (points) 49.80 52 52 52 52 51
Consumer Confidence (points) 64.14 74 73 72 72 71
Retail Sales Mom (%) -7.00 4.5 4.5 4.5 4.5 4.5
Corporate Tax Rate (%) 20.00 17 20 20 20 20
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 1.06 2 1.5 0.6 0.5 0.7
GDP Annual Growth Rate (%) 3.14 3.9 3.5 2.9 2.5 3.5
GDP (USD Billion) 668.50 700 700 700 700 725
GDP Constant Prices (TWD Million) 5442847.00 5386394 5472655 5574387 5600690 5769490
Gross National Product (TWD Million) 5346200.00 5347676 5526978 5832695 5501240 6036839
Gross Fixed Capital Formation (TWD Million) 1303788.00 1311633 1485571 1439325 1341598 1489701
Full Year GDP Growth (%) 6.57 4 4 3.5 3.5 3.5
GDP From Agriculture (TWD Million) 87792.00 92069 80979 97469 90338 100880
GDP From Construction (TWD Million) 128412.00 130526 138365 120437 132136 124652
GDP From Manufacturing (TWD Million) 1831283.00 1886794 2092594 2074386 1884390 2146990
GDP From Mining (TWD Million) 2881.00 3143 2961 3849 2965 3984
GDP From Public Administration (TWD Million) 283678.00 293557 294154 276712 291905 286397
GDP From Services (TWD Million) 3129596.00 3059464 3096698 3405413 3220354 3524602
GDP From Transport (TWD Million) 113035.00 112496 106399 122460 116313 126746
GDP From Utilities (TWD Million) 79812.00 80909 91356 88779 82127 91886

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 3.73 3.75 3.68 3.71 3.71 3.71
Employed Persons (Thousand ) 11402.00 11640 11680 11680 11680 11800
Unemployed Persons (Thousand ) 441.00 435 435 435 435 435
Labor Force Participation Rate (%) 59.15 59.33 59.38 59.38 59.38 59.38
Labour Costs (points) 81.88 109 109 109 109 109
Minimum Wages (TWD/Month) 25250.00 24500 24500 24500 24500 24500
Wages in Manufacturing (TWD/Month) 52096.00 52500 53200 53200 53200 54100
Population (Million) 23.55 23.61 23.61 23.61 23.61 23.61
Youth Unemployment Rate (%) 12.48 12.6 12.2 12.2 12.2 12.2
Wages (TWD/Month) 51492.00 52900 54000 54000 54000 55100

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 3.39 3.1 2.7 2 2 1
Consumer Price Index CPI (points) 107.40 108 108 108 110 109
Core Consumer Prices (points) 107.16 107 107 107 108 109
Core Inflation Rate (%) 2.60 2.3 1.8 1.2 1.2 1.3
Producer Prices (points) 119.14 109 108 116 121 110
Food Inflation (%) 6.91 4.2 4.7 4.2 4.2 3.8
CPI Housing Utilities (points) 105.29 108 107 107 107 108
CPI Transportation (points) 108.65 109 109 109 109 110
Inflation Rate Mom (%) 0.32 0.1 0.1 0.1 0.1 0.3
Producer Prices Change (%) 16.62 3.5 1.5 1.5 1.5 1.5

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 1.50 1.75 2 2.5 2.5 2.5
Interbank Rate (%) 0.87 1.12 1.37 1.87 1.87 1.87
Money Supply M2 (TWD Million) 55543738.00 56439855 60357172 60357172 60357172 65580261
Foreign Exchange Reserves (USD HML) 5488.54 5698 5718 5718 5718 6213
Banks Balance Sheet (TWD Million) 54639386.00 55411336 56175159 56175159 56175159 56575160
Loans to Private Sector (TWD Million) 14017285.00 14161411 14111165 14183078 14367717 14605056
Central Bank Balance Sheet (TWD Million) 18938289.00 19440630 21324740 21324740 21324740 21324740
Loan Growth (%) 8.17 5 5 5 5 5

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) 2404.96 2000 2000 3000 3000 3000
Current Account (USD Million) 30679.00 22500 21600 21600 21600 21600
Current Account to GDP (% of GDP) 9.50 10 10 10 10 10
Imports (USD Million) 39675.06 26500 26500 26500 26500 26500
Exports (USD Million) 42080.02 28500 29500 29500 29500 29500
External Debt (USD Million) 220827.00 195000 195000 195000 195000 199000
Tourist Arrivals (Thousand) 32.47 1090 1110 1110 1110 1110
Gold Reserves (Tonnes) 423.63 423 423 423 423 423
Foreign Direct Investment (USD Million) 1176.26 970 970 970 970 950

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 28.20 34 34 34 34 33
Government Budget (% of GDP) -4.50 -2 -2 -2 -2 -1.5
Government Budget Value (TWD Billion) -312.81 -355 -355 -355 -355 -355
Government Spending (TWD Million) 686228.00 692175 726901 723366 706129 748683
Government Revenues (TWD Billion) 3122.62 2875 2875 2875 2875 2875
Fiscal Expenditure (TWD Billion) 3435.43 3350 3350 3350 3350 3350
Military Expenditure (USD Million) 11597.00 10500 10500 10500 10500 10500

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 20.00 17 20 20 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 (%) 15.76 14.02 14.02 15.76 15.76 15.76
Social Security Rate For Companies (%) 12.15 11 11 11 11 11
Social Security Rate For Employees (%) 3.61 3.2 3.2 3.2 3.2 3.2

Business Actual Q3 Q4 Q1 Q2 2023
Manufacturing PMI (points) 49.80 52 52 52 52 51
Industrial Production (%) 4.48 7.9 6.5 6 6 6
Industrial Production Mom (%) -0.71 1.5 1.5 1.5 1.5 0.8
Manufacturing Production (%) 7.50 3 3 3 3 3
New Orders (USD Million) 55434.00 53000 56000 56000 56000 58000
Changes in Inventories (TWD Million) 12747.00 -20000 22000 22000 22000 22000
Car Production (Units) 15959.00 20000 21000 21000 21000 21000
Car Registrations (Thousand) 22685.53 22300 22300 22300 22300 22300
Leading Economic Index (points) 137.80 115 115 115 115 115
Coincident Index (points) 140.07 113 115 115 115 115
Steel Production (Thousand Tonnes) 1700.00 1900 1900 1900 1900 1900

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) 64.14 74 73 72 72 71
Retail Sales Mom (%) -7.00 4.5 4.5 4.5 4.5 4.5
Retail Sales YoY (%) 2.70 1.9 2 2.2 2.2 1.8
Consumer Spending (TWD Million) 2426256.00 2387691 2378507 2507984 2496617 2595763
Disposable Personal Income (TWD Million) 9532700.00 9847279 9904475 9866345 9809148 10211667
Consumer Credit (TWD Million) 10721796.00 10521984 10784553 10882014 10989841 11162012
Bank Lending Rate (%) 2.60 2.6 2.85 3.1 3.6 3.6

Housing Actual Q3 Q4 Q1 Q2 2023
Housing Index (points) 377.44 313 313 313 313 315


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Taiwan Forecast - was last updated on Sunday, July 3, 2022.