Markets Actual Q3 Q4 Q1 Q2 2020
Currency 31.06 31.05 31.15 31.25 31.35 31.54
Stock Market (points) 10886.05 10602 10474 10349 10225 9981
Government Bond 10y (%) 0.68 0.71 0.72 0.74 0.75 0.78
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.58 0.8 0.5 0.5 0.4 0.6
GDP Annual Growth Rate (%) 1.71 1.9 2.2 2 1.8 1.8
Unemployment Rate (%) 3.75 3.8 3.9 4 4 3.8
Inflation Rate (%) 0.86 0.7 0.7 1 1.2 1.8
Interest Rate (%) 1.38 1.38 1.38 1.38 1.38 1.38
Balance of Trade (USD Million) 3871.39 1800 4800 4800 4800 3400
Current Account (USD Million) 17089.00 19980 22770 24790 22800 21140
Current Account to GDP (%) 11.60 6.2 6.2 5.9 5.9 5.9
Government Debt to GDP (%) 30.90 33 33 34 34 34
Government Budget (% of GDP) -1.40 -2.1 -2.1 -1.2 -1.2 -1.2
Manufacturing PMI 45.50 48.2 50.3 48.2 50 49.1
Consumer Confidence (Index Points) 79.80 76.4 79.2 79.2 85 82.9
Retail Sales Mom (%) 3.24 -3.1 4.2 -2 -2.7 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 Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.58 0.8 0.5 0.5 0.4 0.6
GDP Annual Growth Rate (%) 1.71 1.9 2.2 2 1.8 1.8
GDP (USD Billion) 589.39 605 605 622 622 622
GDP Constant Prices (TWD Million) 4249944.00 4239121 4321140 4312683 4334943 4398920
Gross National Product (TWD Million) 4399769.00 4491003 4728314 4719061 4487764 4813423
Gross Fixed Capital Formation (TWD Million) 937787.00 996600 971180 969279 956543 988661
GDP From Agriculture (TWD Million) 53909.00 48698 63984 63859 54987 65136
GDP From Construction (TWD Million) 101390.00 102934 87088 86917 103418 88655
GDP From Manufacturing (TWD Million) 1175034.00 1402625 1385596 1382884 1198535 1410537
GDP From Mining (TWD Million) 3334.00 3333 4229 4221 3401 4305
GDP From Public Administration (TWD Million) 271673.00 275889 261959 261446 277106 266674
GDP From Services (TWD Million) 2699935.00 2687355 2881736 2876097 2753934 2933608
GDP From Transport (TWD Million) 128061.00 126240 131985 131727 130622 134361
GDP From Utilities (TWD Million) 30405.00 34496 42508 42425 31013 43273
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 3.75 3.8 3.9 4 4 3.8
Unemployed Persons (Thousand ) 448.00 462 458 458 458 444
Labor Force Participation Rate (%) 59.17 59.3 59.3 59.3 59.3 59.8
Labour Costs (Index Points) 95.89 103 98.6 98.6 98.6 109
Minimum Wages (TWD/Month) 23100.00 23100 23100 24500 24500 24500
Wages in Manufacturing (TWD/Month) 48419.00 45900 48280 43700 45800 49400
Population (Million) 23.58 23.67 23.61 23.65 23.65 23.65
Wages (TWD/Month) 49815.00 46500 49800 47700 48900 50900
Youth Unemployment Rate (%) 11.71 11.8 12.1 12.1 12.1 13.2
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 0.86 0.7 0.7 1 1.2 1.8
Consumer Price Index CPI (Index Points) 102.99 103 102 103 103 104
Core Consumer Prices (Index Points) 102.86 104 104 105 105 105
Core Inflation Rate (%) 0.48 1.8 1.6 1.6 1.6 1.3
Producer Prices (Index Points) 103.41 114 110 109 104 117
Food Inflation (%) 3.36 1.7 1.5 1.5 1.5 2
Inflation Rate Mom (%) 0.04 -0.1 0.2 0.2 0.2 0.3
CPI Housing Utilities (Index Points) 103.30 104 102 103 103 104
CPI Transportation (Index Points) 102.93 105 103 104 104 105
Producer Prices Change (%) -1.93 -0.6 0.5 1.1 0.9 1.5
Money Actual Q3 Q4 Q1 Q2 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) 45227641.00 44470000 45500000 45500000 45500000 47100000
Foreign Exchange Reserves (USD Hundred Million) 4669.70 4670 4620 4620 4620 4680
Banks Balance Sheet (TWD Million) 44841739.00 44350000 44770000 44770000 44770000 45550000
Loans to Private Sector (TWD Million) 11373326.00 12700000 12950000 11547534 11389803 13500000
Central Bank Balance Sheet (TWD Million) 16753822.00 18100000 18250000 18250000 18250000 19100000
Loan Growth (%) 4.34 4.5 4.3 4.3 4.3 5.8
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Million) 3871.39 1800 4800 4800 4800 3400
Current Account (USD Million) 17089.00 19980 22770 24790 22800 21140
Current Account to GDP (%) 11.60 6.2 6.2 5.9 5.9 5.9
Imports (USD Million) 24514.18 24300 22400 24400 24900 25500
Exports (USD Million) 28385.57 26100 27200 29500 28900 30900
External Debt (USD Million) 195030.00 222000 227000 195367 198931 239000
Tourist Arrivals (Thousand) 1101.39 950 930 930 930 890
Gold Reserves (Tonnes) 423.60 424 424 424 424 424
Foreign Direct Investment (USD Million) 1060.04 940 965 965 965 910
Crude Oil Production (BBL/D/1K) 0.20 0.19 0.19 0.19 0.19 0.19
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 30.90 33 33 34 34 34
Government Budget (% of GDP) -1.40 -2.1 -2.1 -1.2 -1.2 -1.2
Government Spending (TWD Million) 591761.00 595508 613081 611882 603596 624117
Taxes Actual Q3 Q4 Q1 Q2 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 11.2 11.2 12.5 12.5 12.5
Social Security Rate For Employees (%) 3.15 3.2 3.2 3.05 3.05 3.05
Business Actual Q3 Q4 Q1 Q2 2020
Manufacturing PMI 45.50 48.2 50.3 48.2 50 49.1
Industrial Production (%) -3.05 -2 1.5 2.9 3.2 1.9
Industrial Production Mom (%) -0.65 0.1 0.3 0.3 0.3 0.8
Manufacturing Production (%) -3.01 2.9 3.1 3.1 3.1 3.8
Changes in Inventories (TWD Million) 3514.00 23300 35000 35000 35000 16100
Car Production (Units) 22701.00 24500 25300 25300 25300 23800
Car Registrations (Thousand) 21940.00 21950 22090 22090 22090 22190
Leading Economic Index (Index Points) 112.30 112 113 113 113 114
Coincident Index (Index Points) 106.67 110 111 111 111 116
Steel Production (Thousand Tonnes) 2040.00 1915 1885 1885 1885 1800
Mining Production (%) -3.83 -6.5 -3.5 -3.5 -3.5 6.1
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 79.80 76.4 79.2 79.2 85 82.9
Retail Sales Mom (%) 3.24 -3.1 4.2 -2 -2.7 3.7
Retail Sales YoY (%) 2.97 2.5 4.8 3.6 3.4 2.8
Consumer Spending (TWD Million) 2330750.00 2326223 2377301 2372649 2377365 2420092
Disposable Personal Income (TWD Million) 8721300.00 8776506 8913169 8895726 8895726 9073606
Consumer Credit (TWD Million) 8421286.00 8227264 8487074 8482681 8501613 8639842
Bank Lending Rate (%) 2.63 2.64 2.64 2.64 2.64 2.64
Housing Actual Q3 Q4 Q1 Q2 2020
Housing Index (Index Points) 289.33 298 304 304 304 315
Construction Output (%) -15.27 2.1 -5.9 -5.9 -5.9 7.3


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.