The current account surplus in Taiwan narrowed to USD 17.09 billion in the first quarter of 2019 from USD 22.18 billion in the same period of the previous year. The goods surplus dropped to USD 12.43 billion from USD 16.53 billion in the first quarter of 2018 and the primary income surplus fell to USD 6.22 billion from USD 7.76 billion. In addition, the services gap shrank to USD 0.76 billion from USD 1.19 billion a year earlier and the secondary income deficit declined to USD 0.80 billion from USD 0.92 billion. Current Account in Taiwan averaged 6121.37 USD Million from 1981 until 2019, reaching an all time high of 28019 USD Million in the fourth quarter of 2017 and a record low of -851 USD Million in the first quarter of 1981.
Current Account in Taiwan is expected to be 20800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Taiwan to stand at 24790.00 in 12 months time. In the long-term, the Taiwan Current Account is projected to trend around 23600.00 USD Million in 2020, according to our econometric models.