Markets Actual Q3 Q4 Q1 Q2 2023
Currency 30.03 30.12 30.34 30.55 30.77 31.21
Stock Market (points) 15410.59 14836 14398 13971 13558 12768
Government Bond 10Y (%) 1.21 1.28 1.38 1.49 1.61 1.87

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) -1.80 2.1 2.4 0.4 0.1 0.5
GDP Annual Growth Rate (%) 3.05 4.7 3.5 3.2 4.9 3.5
Unemployment Rate (%) 3.73 3.75 3.68 3.71 3.71 3.71
Inflation Rate (%) 3.36 3.1 2.7 2 2 1
Interest Rate (%) 1.50 1.75 2 2.5 2.5 2.5
Balance of Trade (USD Million) 5033.84 2000 3000 3000 3000 3000
Current Account (USD Million) 30679.00 22500 21600 21600 21600 21600
Current Account to GDP (% of GDP) 9.50 10 10 10 10 10
Government Debt to GDP (% of GDP) 28.20 34 34 34 34 33
Government Budget (% of GDP) -4.50 -2 -2 -2 -2 -1.5
Manufacturing PMI (points) 44.60 52 52 52 52 51
Consumer Confidence (points) 63.05 74 73 72 72 71
Retail Sales MoM (%) 1.90 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 Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) -1.80 2.1 2.4 0.4 0.1 0.5
GDP Annual Growth Rate (%) 3.05 4.7 3.5 3.2 4.9 3.5
GDP (USD Billion) 668.50 700 700 700 700 725
GDP Constant Prices (TWD Million) 5373461.00 5505582 5574387 5647061 5636761 5769490
Gross National Product (TWD Million) 5346200.00 5569534 5832695 5517278 5608164 6036839
Gross Fixed Capital Formation (TWD Million) 1405977.00 1497009 1439325 1369550 1474870 1489701
Full Year GDP Growth (%) 6.57 4 4 3.5 3.5 3.5
GDP from Agriculture (TWD Million) 86172.00 81602 97469 90025 90394 100880
GDP from Construction (TWD Million) 128564.00 139430 120437 132882 134864 124652
GDP from Manufacturing (TWD Million) 1914069.00 2108706 2074386 1891495 2007858 2146990
GDP from Mining (TWD Million) 3066.00 2984 3849 2981 3216 3984
GDP from Public Administration (TWD Million) 287608.00 296419 276712 292757 301701 286397
GDP from Services (TWD Million) 3129596.00 3120542 3411671 3229743 3282946 3531079
GDP from Transport (TWD Million) 109447.00 107218 122460 117097 114810 126746
GDP from Utilities (TWD Million) 78511.00 92060 88779 81362 82358 91886

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 3.73 3.75 3.68 3.71 3.71 3.71
Employed Persons (Thousand ) 11399.00 11640 11680 11680 11680 11800
Unemployed Persons (Thousand ) 441.00 435 435 435 435 435
Labor Force Participation Rate (%) 59.19 59.33 59.38 59.38 59.38 59.38
Labour Costs (points) 82.70 109 109 109 109 109
Minimum Wages (TWD/Month) 25250.00 24500 24500 24500 24500 24500
Wages in Manufacturing (TWD/Month) 53704.00 52500 53200 53200 53200 54100
Population (Million) 23.55 23.61 23.61 23.61 23.61 23.61
Youth Unemployment Rate (%) 12.48 12.6 12.2 12.2 12.2 12.2
Wages (TWD/Month) 53068.00 52900 54000 54000 54000 55100

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 3.36 3.1 2.7 2 2 1
Consumer Price Index CPI (points) 107.79 108 108 108 110 109
Core Consumer Prices (points) 107.21 107 107 108 109 109
Core Inflation Rate (%) 2.77 2.3 1.8 1.2 1.2 1.3
Producer Prices (points) 118.25 109 108 116 121 110
Food Inflation (%) 7.18 4.2 4.7 4.2 4.2 3.8
CPI Housing Utilities (points) 107.02 108 107 107 109 108
CPI Transportation (points) 108.61 109 109 109 109 110
Inflation Rate MoM (%) 0.20 0.1 0.1 0.1 0.1 0.3
Producer Prices Change (%) 13.11 3.5 1.5 1.5 1.5 1.5

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 1.50 1.75 2 2.5 2.5 2.5
Interbank Rate (%) 0.87 1.12 1.37 1.87 1.87 1.87
Money Supply M2 (TWD Million) 55826200.00 56439855 60357172 60357172 60357172 65580261
Foreign Exchange Reserves (USD HML) 5478.11 5698 5718 5718 5718 6213
Banks Balance Sheet (TWD Million) 54690638.00 55411336 56175159 56175159 56175159 56575160
Loans to Private Sector (TWD Million) 14231665.00 14270450 14111165 14224429 14929017 14605056
Central Bank Balance Sheet (TWD Million) 18913841.00 19440630 21324740 21324740 21324740 21324740
Loan Growth (%) 7.48 5 5 5 5 5

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) 5033.84 2000 3000 3000 3000 3000
Current Account (USD Million) 30679.00 22500 21600 21600 21600 21600
Current Account to GDP (% of GDP) 9.50 10 10 10 10 10
Imports (USD Million) 38289.53 26500 26500 26500 26500 26500
Exports (USD Million) 43323.37 28500 29500 29500 29500 29500
External Debt (USD Million) 220827.00 195000 195000 195000 195000 199000
Tourist Arrivals (Thousand) 38.45 1090 1110 1110 1110 1110
Gold Reserves (Tonnes) 423.63 423 423 423 423 423
Foreign Direct Investment (USD Million) 4488.96 970 970 970 970 950

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 28.20 34 34 34 34 33
Government Budget (% of GDP) -4.50 -2 -2 -2 -2 -1.5
Government Budget Value (TWD Billion) -312.81 -355 -355 -355 -355 -355
Government Spending (TWD Million) 709658.00 732032 723366 707287 744431 748683
Government Revenues (TWD Billion) 3122.62 2875 2875 2875 2875 2875
Fiscal Expenditure (TWD Billion) 3435.43 3350 3350 3350 3350 3350
Military Expenditure (USD Million) 11597.00 10500 10500 10500 10500 10500

Taxes Actual Q3 Q4 Q1 Q2 2023
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 Q3 Q4 Q1 Q2 2023
Manufacturing PMI (points) 44.60 52 52 52 52 51
Industrial Production (%) 0.73 7.9 6.5 6 6 6
Industrial Production Mom (%) -0.41 1.5 1.5 1.5 1.5 0.8
Manufacturing Production (%) 0.51 3 3 3 3 3
New Orders (USD Million) 58834.00 53000 56000 56000 56000 58000
Changes in Inventories (TWD Million) 47920.00 -20000 22000 22000 22000 22000
Car Production (Units) 24775.00 20000 21000 21000 21000 21000
Car Registrations (Thousand) 22705.26 22300 22300 22300 22300 22300
Leading Economic Index (points) 135.90 115 115 115 115 115
Coincident Index (points) 139.26 113 115 115 115 115
Steel Production (Thousand Tonnes) 1700.00 1900 1900 1900 1900 1900

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) 63.05 74 73 72 72 71
Retail Sales MoM (%) 1.90 4.5 4.5 4.5 4.5 4.5
Retail Sales YoY (%) 22.50 1.9 2 2.2 2.2 1.8
Consumer Spending (TWD Million) 2350576.00 2397558 2507984 2532765 2465754 2595763
Disposable Personal Income (TWD Million) 9532700.00 9980737 9866345 9837746 9999802 10211667
Consumer Credit (TWD Million) 10776748.00 10603000 10784553 10913740 11304809 11162012
Bank Lending Rate (%) 2.60 2.85 3.1 3.6 3.6 3.6

Housing Actual Q3 Q4 Q1 Q2 2023
Housing Index (points) 139.94 313 313 313 313 315


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 Friday, August 19, 2022.