Markets Actual Q2 Q3 Q4 Q1 2022
Currency 27.97 27.87 27.96 28.04 28.13 28.3
Stock Market (points) 17075.55 16567 15848 15161 14503 13186
Government Bond 10y (%) 0.32 0.48 0.53 0.58 0.64 0.75

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 3.05 1.5 0.5 0.5 0.5 1
GDP Annual Growth Rate (%) 8.92 4.9 4.1 3.9 3.5 2.6
Unemployment Rate (%) 3.71 3.7 3.7 3.7 4.1 4.2
Inflation Rate (%) 2.48 2.3 1.3 1.2 1.1 2
Interest Rate (%) 1.13 1.13 1.25 1.25 1.25 1.25
Balance of Trade (USD Million) 6155.87 5100 4000 3400 3400 3400
Current Account (USD Million) 25960.00 17921 19500 19550 22500 21600
Current Account to GDP (% of GDP) 9.50 10 10 10 10 10
Government Debt to GDP (% of GDP) 28.20 35 35 35 34 34
Government Budget (% of GDP) -4.50 -3 -3 -3 -2 -2
Manufacturing PMI (points) 62.00 61 61 60 60 55
Consumer Confidence (points) 74.88 80 83 85 85 85
Retail Sales Mom (%) 0.70 4.5 4 4.5 4.5 4.5
Corporate Tax Rate (%) 20.00 20 20 17 20 20
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 3.05 1.5 0.5 0.5 0.5 1
GDP Annual Growth Rate (%) 8.92 4.9 4.1 3.9 3.5 2.6
GDP (USD Billion) 610.70 615 615 615 615 630
GDP Constant Prices (TWD Million) 5268613.00 5051356 5208915 5296038 5275649 5433735
Gross National Product (TWD Million) 5179806.00 5091529 5449544 5711353 5689365 5859848
Gross Fixed Capital Formation (TWD Million) 1195878.00 1155012 1202223 1254524 1249694 1287142
GDP From Agriculture (TWD Million) 88446.00 98833 84921 107306 106893 110096
GDP From Construction (TWD Million) 125341.00 123598 130032 112094 111662 115008
GDP From Manufacturing (TWD Million) 1705633.00 1638648 1841369 1851590 1844462 1899732
GDP From Mining (TWD Million) 2904.00 3118 3080 3803 3788 3902
GDP From Public Administration (TWD Million) 281163.00 292663 290828 274247 273191 281378
GDP From Services (TWD Million) 2991918.00 2973141 3115837 3390142 3377090 3478285
GDP From Transport (TWD Million) 123144.00 135238 1536516 184302 183592 189094
GDP From Utilities (TWD Million) 75372.00 77142 89738 86026 85695 88263

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 3.71 3.7 3.7 3.7 4.1 4.2
Unemployed Persons (Thousand ) 444.00 440 435 435 435 435
Labor Force Participation Rate (%) 59.23 59.1 59.1 59.1 59.1 59.2
Labour Costs (points) 81.01 109 109 109 109 109
Minimum Wages (TWD/Month) 24000.00 24000 24000 24000 24500 24500
Wages in Manufacturing (TWD/Month) 47652.00 52000 52000 52000 52500 53200
Population (Million) 23.55 23.6 23.6 23.6 23.61 23.61
Youth Unemployment Rate (%) 11.90 12.2 12.3 12.5 12.5 12
Wages (TWD/Month) 49930.00 52000 52800 53000 52900 54000

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 2.48 2.3 1.3 1.2 1.1 2
Consumer Price Index CPI (points) 103.91 105 104 104 104 106
Core Consumer Prices (points) 104.47 105 104 107 105 106
Core Inflation Rate (%) 1.35 1.3 0.9 1 1 1
Producer Prices (points) 103.19 99.91 100 101 101 102
Food Inflation (%) 0.61 1.8 2.3 2.3 2 2
Inflation Rate Mom (%) 0.27 0.4 0.4 0.3 0.1 0.3
Producer Prices Change (%) 11.33 7.8 6.8 6.2 1.5 1.5
CPI Housing Utilities (points) 103.33 106 105 104 104 106
CPI Transportation (points) 103.82 99.34 99.62 102 104 104

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 1.13 1.13 1.25 1.25 1.25 1.25
Interbank Rate (%) 0.48 0.49 0.61 0.61 0.61 0.61
Money Supply M2 (TWD Million) 51137274.00 52522538 53828310 55134083 56439855 60357172
Banks Balance Sheet (TWD Million) 51193510.00 50422889 51181586 51940284 51940284 54975074
Foreign Exchange Reserves (USD HML) 5429.78 5633 5780 5928 6075 6518
Loans to Private Sector (TWD Million) 12796644.00 12879212 13073858 13132325 13308268 13473766
Loan Growth (%) 6.95 3.5 4 5 5 5
Central Bank Balance Sheet (TWD Million) 18584839.00 18498575 18969603 19440630 19440630 21324740

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) 6155.87 5100 4000 3400 3400 3400
Current Account (USD Million) 25960.00 17921 19500 19550 22500 21600
Current Account to GDP (% of GDP) 9.50 10 10 10 10 10
Imports (USD Million) 31254.33 24550 25500 26500 26500 26500
Exports (USD Million) 37410.20 28500 28000 28500 28500 29500
External Debt (USD Million) 209223.00 193500 189000 199000 195000 199000
Tourist Arrivals (Thousand) 17.84 620 880 1090 1090 1110
Gold Reserves (Tonnes) 423.63 423 423 423 423 423
Crude Oil Production (BBL/D/1K) 0.20 0.19 0.19 0.19 0.19 0.19
Foreign Direct Investment (USD Million) 338.02 1000 970 970 970 950

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 28.20 35 35 35 34 34
Government Budget (% of GDP) -4.50 -3 -3 -3 -2 -2
Government Budget Value (TWD Billion) -455.80 -355 -355 -355 -355 -355
Government Spending (TWD Million) 680361.00 681364 702177 701793 699091 720039
Government Revenues (TWD Billion) 2875.41 2950 2875 2875 2875 2875
Fiscal Expenditure (TWD Billion) 3331.21 3350 3350 3350 3350 3350
Military Expenditure (USD Million) 11597.00 10500 10500 10500 10500 10500

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 20.00 20 20 17 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 11 11 11 11 11
Social Security Rate For Employees (%) 3.15 3.2 3.2 3.2 3.2 3.2

Business Actual Q2 Q3 Q4 Q1 2022
Manufacturing PMI (points) 62.00 61 61 60 60 55
Industrial Production (%) 13.62 6.5 5.9 3.3 1.5 2
Industrial Production Mom (%) -1.05 2.5 1.5 1.5 1.5 0.8
Manufacturing Production (%) 14.24 4.4 4.4 3 3 3
New Orders (USD Million) 52294.00 42750 44500 45000 45000 45000
Changes in Inventories (TWD Million) 8309.00 -20000 -40000 50000 -20000 22000
Car Production (Units) 23327.00 18500 19700 20000 20000 21000
Car Registrations (Thousand) 22405.45 22150 22500 22300 22300 22300
Leading Economic Index (points) 130.20 115 116 115 115 115
Steel Production (Thousand Tonnes) 1700.00 1850 1810 1900 1900 1900
Coincident Index (points) 132.03 111 113 113 113 115

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 74.88 80 83 85 85 85
Retail Sales Mom (%) 0.70 4.5 4 4.5 4.5 4.5
Retail Sales YoY (%) 18.27 6.5 8.5 4 2 2
Consumer Spending (TWD Million) 2441051.00 2423678 2485725 2515412 2505728 2580812
Disposable Personal Income (TWD Million) 9256300.00 9709859 9635808 9617296 9580271 9867345
Consumer Credit (TWD Million) 9764116.00 9520383 9669703 9932021 10036184 10190254
Bank Lending Rate (%) 2.44 2.45 2.57 2.57 2.57 2.57

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Index (points) 329.17 311 313 313 313 315


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.