Markets Actual Q2 Q3 Q4 Q1 2021
Currency 30.01 30.11 30.2 30.28 30.37 30.55
Stock Market (points) 10944.19 10726 10513 10304 10098 9687
Government Bond 10y (%) 0.50 0.5 0.51 0.52 0.53 0.55

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -0.91 -4.1 -1.9 1.7 1.5 1.3
GDP Annual Growth Rate (%) 1.59 -7.6 -2.7 2.4 2.1 2.5
Unemployment Rate (%) 4.10 4 4.1 4.3 4.5 4.2
Inflation Rate (%) -0.97 -1.6 0.9 1.2 1.2 1.7
Interest Rate (%) 1.13 1 1 1 1 1.25
Balance of Trade (USD Million) 2267.00 4000 2600 3400 2400 3400
Current Account (USD Million) 18160.00 17096 19842 19228 19228 23600
Current Account to GDP (%) 11.60 10.6 10.6 10.6 9.9 9.9
Government Debt to GDP (%) 30.90 32.5 32.5 32.5 33.5 33.5
Government Budget (% of GDP) -1.90 -4.5 -4.5 -4.5 -5 -5
Manufacturing PMI (points) 42.20 42 46 49.1 51 49.8
Consumer Confidence (points) 64.87 75 76 76 82 85
Retail Sales Mom (%) -4.20 -2.7 3.1 3.7 3.7 3.7
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -0.91 -4.1 -1.9 1.7 1.5 1.3
GDP Annual Growth Rate (%) 1.59 -7.6 -2.7 2.4 2.1 2.5
GDP (USD Billion) 605.00 615 615 615 625 625
GDP Constant Prices (TWD Million) 4873576.00 4637053 4740274 4990542 4975921 5115305
Gross National Product (TWD Million) 5073754.00 4298551 4655922 5195524 5180303 5325412
Gross Fixed Capital Formation (TWD Million) 1157519.00 1018058 1070880 1185299 1181827 1214932
GDP From Agriculture (TWD Million) 102171.00 89197 78429 104623 104317 107239
GDP From Construction (TWD Million) 98620.00 105730 108773 100987 100691 103512
GDP From Manufacturing (TWD Million) 1642328.00 1458323 1658819 1681744 1676817 1723787
GDP From Mining (TWD Million) 3714.00 2817 2847 3803 3792 3898
GDP From Public Administration (TWD Million) 259171.00 266768 272713 265391 264614 272026
GDP From Services (TWD Million) 3079536.00 2790433 2878404 3153445 3144206 3232281
GDP From Transport (TWD Million) 148301.00 138317 145513 151860 151415 155657
GDP From Utilities (TWD Million) 79770.00 70940 82705 81684 81445 83727

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 4.10 4 4.1 4.3 4.5 4.2
Unemployed Persons (Thousand ) 491.00 421 425 424 424 414
Labor Force Participation Rate (%) 59.18 59.7 59.8 59.8 59.8 60.1
Labour Costs (points) 83.51 98.6 98.6 109 109 109
Minimum Wages (TWD/Month) 23800.00 23800 23800 23800 24500 24500
Wages in Manufacturing (TWD/Month) 46079.00 48500 51120 52400 46000 53600
Population (Million) 23.60 23.6 23.6 23.6 23.61 23.61
Youth Unemployment Rate (%) 11.60 12.1 12.1 13.2 13.2 13.2
Wages (TWD/Month) 47750.00 49900 50200 52900 48600 53400

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) -0.97 -1.6 0.9 1.2 1.2 1.7
Consumer Price Index CPI (points) 101.51 101 104 104 103 106
Core Consumer Prices (points) 103.01 104 104 104 104 106
Core Inflation Rate (%) 0.10 0.9 1.2 1.4 1.4 1.6
Producer Prices (points) 92.40 105 104 101 96.96 103
Food Inflation (%) 1.27 1.5 1.8 2 2 2
Inflation Rate Mom (%) -0.72 -0.2 0.3 0.3 0.2 0.3
Producer Prices Change (%) -10.75 1.5 1.5 1.5 1.5 2
CPI Housing Utilities (points) 102.25 102 104 103 104 105
CPI Transportation (points) 94.81 101 103 103 99.55 105

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 1.13 1 1 1 1 1.25
Interbank Rate (%) 0.48 0.35 0.35 0.35 0.35 0.35
Money Supply M2 (TWD Million) 46986865.00 47373262 47537206 47932640 48128073 49014375
Banks Balance Sheet (TWD Million) 46616612.00 45070000 45110000 45550000 45550000 46550000
Foreign Exchange Reserves (USD Hundred Million) 4817.80 4830 4850 4890 4890 4980
Loans to Private Sector (TWD Million) 12072605.00 11173793 11653202 12167096 12287642 12471274
Loan Growth (%) 5.79 4.3 4.2 5.8 5.8 5.8
Central Bank Balance Sheet (TWD Million) 16414025.00 18550000 18792000 19100000 19100000 19100000

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Million) 2267.00 4000 2600 3400 2400 3400
Current Account (USD Million) 18160.00 17096 19842 19228 19228 23600
Current Account to GDP (%) 11.60 10.6 10.6 10.6 9.9 9.9
Imports (USD Million) 22971.00 23900 22900 25500 25500 26500
Exports (USD Million) 25238.00 27900 25500 27900 27900 28900
External Debt (USD Million) 200377.00 227000 199000 239000 239000 239000
Tourist Arrivals (Thousand) 78.26 730 790 890 910 1090
Gold Reserves (Tonnes) 422.40 424 424 424 424 424
Foreign Direct Investment (USD Million) 545.44 665 950 950 950 950

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 30.90 32.5 32.5 32.5 33.5 33.5
Government Budget (% of GDP) -1.90 -4.5 -4.5 -4.5 -5 -5
Government Spending (TWD Million) 648083.00 628721 645217 663637 661693 680228
Government Revenues (TWD Billion) 2942.28 2875 2875 2875 2875 2875
Fiscal Expenditure (TWD Billion) 3075.80 3230 3230 3230 3230 3230
Military Expenditure (USD Million) 10458.00 10000 10000 10000 10000 10000

Taxes Actual Q2 Q3 Q4 Q1 2021
Corporate Tax Rate (%) 20.00 20 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 (%) 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 Q2 Q3 Q4 Q1 2021
Manufacturing PMI (points) 42.20 42 46 49.1 51 49.8
Industrial Production (%) 3.51 4.5 5.5 1.5 1.5 2
Industrial Production Mom (%) -0.10 0.3 0.2 0.8 0.8 0.8
Manufacturing Production (%) 4.15 1.5 0.8 1.5 1.5 1.5
New Orders (USD Million) 38526.00 -13 42500 44000 44000 44000
Changes in Inventories (TWD Million) -9387.00 8500 10000 16100 16100 14100
Car Production (Units) 19751.00 21300 16200 18800 18800 17800
Car Registrations (Thousand) 22137.03 22150 22165 22200 22200 22300
Leading Economic Index (points) 109.90 113 112 114 114 114
Steel Production (Thousand Tonnes) 1650.00 2040 1900 1880 1880 1900
Coincident Index (points) 113.32 111 111 113 113 113

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Confidence (points) 64.87 75 76 76 82 85
Retail Sales Mom (%) -4.20 -2.7 3.1 3.7 3.7 3.7
Retail Sales YoY (%) -10.20 2.5 1.9 2.8 2 2
Consumer Spending (TWD Million) 2453705.00 2359975 2409013 2512594 2505233 2575409
Disposable Personal Income (TWD Million) 8956900.00 8730022 8876288 9171866 9144995 9401162
Consumer Credit (TWD Million) 8861643.00 8254551 8511462 8983932 8997357 9208530
Bank Lending Rate (%) 2.63 2.51 2.51 2.51 2.51 2.51

Housing Actual Q2 Q3 Q4 Q1 2021
Housing Index (points) 297.06 295 310 315 315 315


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.