Markets Actual Q4 Q1 Q2 Q3 2022
Currency 27.75 27.74 27.83 27.91 28 28.18
Stock Market (points) 17796.92 17187 16692 16212 15745 14851
Government Bond 10y (%) 0.54 0.63 0.7 0.77 0.84 1.02

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 0.27 0.5 1.4 0.7 0.5 0.3
GDP Annual Growth Rate (%) 3.70 3.9 3.5 3.1 3 2.6
Unemployment Rate (%) 3.84 3.8 3.7 3.7 3.6 3.6
Inflation Rate (%) 2.84 2.9 2.9 3 3.1 3.3
Interest Rate (%) 1.13 1.25 1.25 1.38 1.38 1.38
Balance of Trade (USD Million) 5712.02 2000 2000 2000 2000 3000
Current Account (USD Million) 26100.00 19550 22500 22500 22500 21600
Current Account to GDP (% of GDP) 9.50 10 10 10 10 10
Government Debt to GDP (% of GDP) 28.20 35 34 34 34 34
Government Budget (% of GDP) -4.50 -3 -2 -2 -2 -2
Manufacturing PMI (points) 54.90 55 53 53 52 52
Consumer Confidence (points) 73.33 85 85 85 85 85
Retail Sales Mom (%) 13.80 4.5 4.5 4.5 4.5 4.5
Corporate Tax Rate (%) 20.00 17 20 20 20 20
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 0.27 0.5 1.4 0.7 0.5 0.3
GDP Annual Growth Rate (%) 3.70 3.9 3.5 3.1 3 2.6
GDP (USD Billion) 668.50 689 700 700 700 700
GDP Constant Prices (TWD Million) 5234078.00 4464904 5445206 5381961 5391100 5450331
Gross National Product (TWD Million) 5319517.00 4885625 5377233 5337322 5479103 5811488
Gross Fixed Capital Formation (TWD Million) 1414947.00 1003491 1238387 1309094 1457395 1266750
GDP From Agriculture (TWD Million) 78468.00 66113 91673 91891 80822 110127
GDP From Construction (TWD Million) 133172.00 89985 129734 130273 137167 115378
GDP From Manufacturing (TWD Million) 2013841.00 1431695 1765741 1883141 2074256 1909976
GDP From Mining (TWD Million) 2850.00 4370 3006 3137 2936 3901
GDP From Public Administration (TWD Million) 283105.00 270674 290867 292989 291598 280411
GDP From Services (TWD Million) 2975985.00 2977612 3189997 3053541 3065265 3409951
GDP From Transport (TWD Million) 102657.00 136376 127921 112278 105737 133283
GDP From Utilities (TWD Million) 87100.00 43922 78257 80752 89713 88195

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 3.84 3.8 3.7 3.7 3.6 3.6
Unemployed Persons (Thousand ) 457.00 435 435 435 435 435
Labor Force Participation Rate (%) 59.00 59.1 59.1 59.1 59.1 59.2
Labour Costs (points) 83.23 109 109 109 109 109
Minimum Wages (TWD/Month) 24000.00 24000 24500 24500 24500 24500
Wages in Manufacturing (TWD/Month) 55303.00 52000 52500 52500 52500 53200
Population (Million) 23.55 23.6 23.61 23.61 23.61 23.61
Youth Unemployment Rate (%) 13.87 12.5 12.5 12.5 12.5 12
Wages (TWD/Month) 52087.00 53000 52900 52900 52900 54000

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 2.84 2.9 2.9 3 3.1 3.3
Consumer Price Index CPI (points) 105.61 106 106 107 108 109
Core Consumer Prices (points) 105.08 107 105 105 106 106
Core Inflation Rate (%) 1.74 1 1 1 1 1
Producer Prices (points) 107.16 107 109 109 109 109
Food Inflation (%) 4.68 2.3 2 2 2 2
CPI Housing Utilities (points) 104.08 106 106 106 108 109
CPI Transportation (points) 107.08 108 108 108 108 108
Inflation Rate Mom (%) 0.56 0.4 0.1 0.1 0.1 0.3
Producer Prices Change (%) 14.19 13.2 8.5 5.5 3.5 1.5

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 1.13 1.25 1.25 1.38 1.38 1.38
Interbank Rate (%) 0.48 0.61 0.61 0.74 0.74 0.74
Money Supply M2 (TWD Million) 52804318.00 55134083 56439855 56439855 56439855 60357172
Foreign Exchange Reserves (USD HML) 5473.32 5628 5575 5801 5698 5718
Banks Balance Sheet (TWD Million) 52498040.00 51940284 51940284 51940284 51940284 54975074
Loans to Private Sector (TWD Million) 13573496.00 13132325 13308268 13594735 14038742 13473766
Central Bank Balance Sheet (TWD Million) 18916042.00 19440630 19440630 19440630 19440630 21324740
Loan Growth (%) 7.58 5 5 5 5 5

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) 5712.02 2000 2000 2000 2000 3000
Current Account (USD Million) 26100.00 19550 22500 22500 22500 21600
Current Account to GDP (% of GDP) 9.50 10 10 10 10 10
Imports (USD Million) 35860.00 26500 26500 26500 26500 26500
Exports (USD Million) 41580.00 28500 28500 28500 28500 29500
External Debt (USD Million) 215863.00 199000 195000 195000 195000 199000
Tourist Arrivals (Thousand) 14.11 1090 1090 1090 1090 1110
Gold Reserves (Tonnes) 423.63 423 423 423 423 423
Foreign Direct Investment (USD Million) 852.55 970 970 970 970 950

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 28.20 35 34 34 34 34
Government Budget (% of GDP) -4.50 -3 -2 -2 -2 -2
Government Budget Value (TWD Billion) -455.80 -355 -355 -355 -355 -355
Government Spending (TWD Million) 696877.00 633479 702545 690363 717783 719245
Government Revenues (TWD Billion) 2875.41 2875 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 Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 20.00 17 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 (%) 15.76 14.02 14.02 15.76 15.76 15.76
Social Security Rate For Companies (%) 12.15 11 11 11 11 11
Social Security Rate For Employees (%) 3.61 3.2 3.2 3.2 3.2 3.2

Business Actual Q4 Q1 Q2 Q3 2022
Manufacturing PMI (points) 54.90 55 53 53 52 52
Industrial Production (%) 11.25 15 5 3 3 5
Industrial Production Mom (%) 0.24 1.5 1.5 1.5 1.5 0.8
Manufacturing Production (%) 11.53 3 3 3 3 3
New Orders (USD Million) 59101.00 53000 50000 53000 53000 56000
Changes in Inventories (TWD Million) 47839.00 50000 -20000 -20000 -20000 22000
Car Production (Units) 23459.00 20000 20000 20000 20000 21000
Car Registrations (Thousand) 22546.08 22300 22300 22300 22300 22300
Leading Economic Index (points) 136.60 115 115 115 115 115
Coincident Index (points) 135.25 113 113 113 113 115
Steel Production (Thousand Tonnes) 1700.00 1900 1900 1900 1900 1900

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 73.33 85 85 85 85 85
Retail Sales Mom (%) 13.80 4.5 4.5 4.5 4.5 4.5
Retail Sales YoY (%) 6.65 4 2 2 2 2
Consumer Spending (TWD Million) 2289227.00 2456394 2505256 2383068 2357904 2561175
Disposable Personal Income (TWD Million) 9532700.00 9209710 9866345 9828214 9818681 10161992
Consumer Credit (TWD Million) 10205291.00 8769439 10036184 10285260 10430841 10190254
Bank Lending Rate (%) 2.44 2.64 2.57 2.7 2.7 2.7

Housing Actual Q4 Q1 Q2 Q3 2022
Housing Index (points) 341.62 313 313 313 313 315


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Taiwan Forecast - was last updated on Tuesday, December 7, 2021.