Markets Actual Q1 Q2 Q3 Q4 2020
Currency 29.96 30.13 30.21 30.3 30.39 30.57
Stock Market (points) 12118.71 12005 11901 11797 11695 11493
Government Bond 10y (%) 0.65 0.68 0.7 0.71 0.72 0.75
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.60 0.2 0.5 0.7 1.3 1.3
GDP Annual Growth Rate (%) 2.99 3 2.9 2.7 2.4 2.1
Unemployment Rate (%) 3.73 3.7 3.75 3.8 3.8 4.1
Inflation Rate (%) 1.13 1.3 0.8 0.9 1.2 1.7
Interest Rate (%) 1.38 1.38 1.38 1.38 1.38 1.38
Balance of Trade (USD Million) 2502.25 4800 4000 2600 3400 3400
Current Account (USD Million) 12481.00 20873 20396 19842 19228 23600
Current Account to GDP (%) 11.60 10.6 10.6 10.6 10.6 9.9
Government Debt to GDP (%) 30.90 30 30 30 30 30
Government Budget (% of GDP) -1.90 -1.3 -1.3 -1.3 -1.3 -1.2
Manufacturing PMI (points) 50.80 49.5 50 50.5 49.1 49.8
Consumer Confidence (points) 84.28 84.5 85 83.6 82.9 86
Retail Sales Mom (%) 0.80 -2 -2.7 3.1 3.7 3.7
Corporate Tax Rate (%) 17.00 17 17 17 17 17
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.60 0.2 0.5 0.7 1.3 1.3
GDP Annual Growth Rate (%) 2.99 3 2.9 2.7 2.4 2.1
GDP (USD Billion) 589.39 622 622 622 622 633
GDP Constant Prices (TWD Million) 4789789.00 4767357 4807294 4832897 4904744 5007744
Gross National Product (TWD Million) 4698206.00 4451139 4452910 4740490 4810963 4911993
Gross Fixed Capital Formation (TWD Million) 1086951.00 994159 1054616 1096734 1113038 1136412
GDP From Agriculture (TWD Million) 78889.00 92736 92400 79599 80782 82479
GDP From Construction (TWD Million) 109763.00 107349 109527 110751 112397 114758
GDP From Manufacturing (TWD Million) 1675247.00 1389525 1510690 1690324 1715453 1751477
GDP From Mining (TWD Million) 2885.00 2831 2918 2911 2954 3016
GDP From Public Administration (TWD Million) 275190.00 274359 276348 277667 281795 287712
GDP From Services (TWD Million) 2899516.00 2887795 2890637 2925612 2969104 3031456
GDP From Transport (TWD Million) 146982.00 147754 143284 148305 150510 153670
GDP From Utilities (TWD Million) 83460.00 71566 73488 84211 85463 87258
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 3.73 3.7 3.75 3.8 3.8 4.1
Unemployed Persons (Thousand ) 447.00 428 421 425 424 414
Labor Force Participation Rate (%) 59.21 59.6 59.7 59.8 59.8 60.1
Labour Costs (points) 90.02 98.6 98.6 98.6 109 109
Minimum Wages (TWD/Month) 23100.00 24500 24500 24500 24500 25400
Wages in Manufacturing (TWD/Month) 49023.00 43700 45800 46720 49400 50100
Population (Million) 23.58 23.6 23.6 23.6 23.6 23.61
Youth Unemployment Rate (%) 12.86 12.1 12.1 12.1 13.2 13.2
Wages (TWD/Month) 47998.00 47700 48900 46200 50900 51500
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.13 1.3 0.8 0.9 1.2 1.7
Consumer Price Index CPI (points) 102.65 103 104 104 104 106
Core Consumer Prices (points) 102.83 103 104 104 104 106
Core Inflation Rate (%) 0.57 0.9 0.9 1.2 1.4 1.6
Producer Prices (points) 99.60 98.02 105 104 101 103
Food Inflation (%) 3.00 1.5 1.5 1.8 2 2
Inflation Rate Mom (%) 0.25 0.1 0.2 0.3 0.3 0.3
CPI Housing Utilities (points) 102.16 103 104 104 103 105
CPI Transportation (points) 101.70 104 104 103 103 105
Producer Prices Change (%) -3.42 -4.9 1.5 1.5 1.5 2
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 1.38 1.38 1.38 1.38 1.38 1.38
Interbank Rate (%) 0.67 0.67 0.67 0.67 0.67 0.67
Money Supply M2 (TWD Million) 45766777.00 45900000 46100000 463000000 46500000 46500000
Foreign Exchange Reserves (USD Hundred Million) 4781.26 4790 4810 4850 4890 4980
Banks Balance Sheet (TWD Million) 45465418.00 44870000 45070000 45110000 45550000 46550000
Loans to Private Sector (TWD Million) 11791469.00 11278139 11575040 11864864 12074464 12328028
Central Bank Balance Sheet (TWD Million) 16159557.00 17250000 18550000 18792000 19100000 19100000
Loan Growth (%) 4.94 4.3 4.3 4.2 5.8 5.8
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 2502.25 4800 4000 2600 3400 3400
Current Account (USD Million) 12481.00 20873 20396 19842 19228 23600
Current Account to GDP (%) 11.60 10.6 10.6 10.6 10.6 9.9
Imports (USD Million) 26992.33 24400 23900 22900 25500 26500
Exports (USD Million) 29494.58 26500 27900 25500 27900 28900
External Debt (USD Million) 191864.00 227000 227000 199000 239000 239000
Tourist Arrivals (Thousand) 990.40 930 900 790 890 890
Gold Reserves (Tonnes) 423.63 424 424 424 424 424
Foreign Direct Investment (USD Million) 401.58 1080 665 950 950 950
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 30.90 30 30 30 30 30
Government Budget (% of GDP) -1.90 -1.3 -1.3 -1.3 -1.3 -1.2
Government Spending (TWD Million) 651172.00 637253 651487 657033 666800 680803
Government Revenues (TWD Billion) 2801.78 2875 2875 2875 2875 2875
Fiscal Expenditure (TWD Billion) 2978.49 3230 3230 3230 3230 3230
Military Expenditure (USD Million) 10458.00 10000 10000 10000 10000 10000
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 17.00 17 17 17 17 17
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
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 12.5 12.5 12.5 12.5 12.5
Social Security Rate For Employees (%) 3.15 3.05 3.05 3.05 3.05 3.05
Business Actual Q1 Q2 Q3 Q4 2020
Manufacturing PMI (points) 50.80 49.5 50 50.5 49.1 49.8
Industrial Production (%) 2.15 2.9 3.2 1.8 1.9 1.4
Industrial Production Mom (%) 2.66 0.3 0.3 0.2 0.8 0.8
Manufacturing Production (%) 2.29 1.5 1.5 0.8 1.5 1.5
Changes in Inventories (TWD Million) -24853.00 8500 8500 10000 16100 14100
Car Production (Units) 25614.00 18800 21300 16200 18800 17800
Car Registrations (Thousand) 22111.81 22120 22150 22165 22200 22300
Leading Economic Index (points) 113.60 113 113 112 114 114
Coincident Index (points) 111.34 110 111 111 113 113
Steel Production (Thousand Tonnes) 1670.00 2010 2040 1900 1880 1900
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) 84.28 84.5 85 83.6 82.9 86
Retail Sales Mom (%) 0.80 -2 -2.7 3.1 3.7 3.7
Retail Sales YoY (%) 5.44 3.6 2.5 1.9 2.8 2
Consumer Spending (TWD Million) 2432640.00 2432284 2442510 2454534 2491023 2543335
Disposable Personal Income (TWD Million) 8956900.00 9046469 9043513 9037512 9171866 9364475
Consumer Credit (TWD Million) 8703092.00 8418264 8550969 8666060 8911966 9099117
Bank Lending Rate (%) 2.63 2.64 2.64 2.64 2.64 2.64
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (points) 293.35 300 295 310 315 315


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.