Current Account to GDP in Taiwan decreased to 9.50 percent in 2020 from 10.50 percent in 2019. source: Central Bank of the Republic of China (Taiwan)

Current Account to GDP in Taiwan averaged 7.91 percent from 1980 until 2020, reaching an all time high of 21 percent in 1986 and a record low of -1.90 percent in 1980. This page provides - Taiwan Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Current Account to GDP - values, historical data and charts - was last updated on July of 2021.

Current Account to GDP in Taiwan is expected to reach 10.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Current Account to GDP is projected to trend around 10.00 percent in 2022 and 9.50 percent in 2023, according to our econometric models.

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Taiwan Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
9.50 10.50 21.00 -1.90 1980 - 2020 percent of GDP Yearly

Taiwan Trade Last Previous Highest Lowest Unit
Balance of Trade 5144.95 6155.87 7459.60 -847.44 USD Million [+]
Current Account 25960.00 27330.00 29562.00 -851.00 USD Million [+]
Current Account to GDP 9.50 10.50 21.00 -1.90 percent of GDP [+]
Imports 31508.03 31254.33 32220.70 1203.70 USD Million [+]
Exports 36652.98 37410.20 37410.20 1406.50 USD Million [+]
External Debt 209223.00 189873.00 209223.00 31705.00 USD Million [+]
Terms of Trade 91.30 92.20 169.30 85.30 points [+]
Capital Flows 26469.00 30052.00 30052.00 -1029.00 USD Million [+]
Tourist Arrivals 10.72 17.84 1143.20 2.56 Thousand [+]
Gold Reserves 423.63 423.63 423.63 421.45 Tonnes [+]
Terrorism Index 0.61 1.01 1.01 0.00 [+]
Crude Oil Production 0.20 0.20 1.30 0.20 BBL/D/1K [+]
Foreign Direct Investment 431.22 338.02 3953.79 81.58 USD Million [+]


Taiwan Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.