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Economy of Taiwan. Statistics, Data and Indicators

flag
Taiwan
82AA- Credit rank #27
163.28 Quality of life #23
28 Corruption rank#29
15 Ease of doing business#13
Taiwan


Taiwan Major Economic Indicators

Indicator Data Period
GDP Value 611 USD Billion 2019
GDP Annual Growth Rate 5.09 % 4Q/20
GDP Growth Rate 1.43 % 4Q/20
Inflation Rate YoY -0.16 % Jan/21
Interest Rate 1.13 % Dec/20
Unemployment Rate 3.75 % Jan/21
Wages 53252 TWD/Month | 1909.16 USD/Month Dec/20
Balance of Trade 6193 USD Million | 6.193 B USD Jan/21
Current Account 27334 USD Million | 27.334 B USD 4Q/20
Foreign Exchange Reserves 5415 USD HML | 541.5 B USD Jan/21


GDP
vvp
611
USD Billion
#23 from 174 countries
GDP per capita
vvp
N/A
# from countries


GDP Indicators

Indicator Data Period
GDP Value 611 USD Billion 2019
GDP Annual Growth Rate 5.09 % 4Q/20
GDP Growth Rate 1.43 % 4Q/20
Gross National Product 5496971 TWD Million | 197.074 USD Billion 4Q/20
GDP Constant Prices 5097245 TWD Million | 182.743 B USD 4Q/20
GDP From Agriculture  103278 TWD Million | 3.703 B USD 4Q/20
GDP From Construction  107886 TWD Million | 3.868 B USD 4Q/20
GDP From Manufacturing  1782089 TWD Million | 63.89 B USD 4Q/20
GDP From Mining  3660 TWD Million | 0.131 B USD 4Q/20
GDP From Public Administration  263953 TWD Million | 9.463 B USD 4Q/20
GDP From Services  3262889 TWD Million | 116.979 B USD 4Q/20
GDP From Transport  177384 TWD Million | 6.359 B USD 4Q/20
GDP From Utilities  82797 TWD Million | 2.968 B USD 4Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 28.2 % 2019
Government Budget Value -244.2 TWD Billion | -8 USD Billion 2016
Government Spending 675450 TWD Million | 24.216 USD Billion 4Q/20
Government Revenues 2942 TWD Billion | 105.475 USD Billion 2020
Fiscal Expenditure  3076 TWD Billion | 110.279 B USD 2020
Government Budget to GDP -1.3 % 2019
Military Expenditure 10458 USD Million | 10.458 B USD 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 103 index points Jan/21
Export Prices 89.55 index points Jan/21
Food Inflation 1.22 % Jan/21
GDP Deflator 99.86 index points 4Q/20
Import Prices 97.04 index points Jan/21
Inflation Rate YoY -0.16 % Jan/21
Producer Prices 96.05 index points Jan/21
Inflation Rate Mom 0.51 % Jan/21
Core Consumer Prices 104 Index Points Jan/21
Core Inflation Rate 0.69 % Dec/20
CPI Housing Utilities 103 Index Points Jan/21
CPI Transportation 102 Index Points Jan/21
Producer Prices Change  -2.86 % Jan/21


Trade Indicators

Indicator Data Period
Current Account to GDP 10.5 % 2019
Balance of Trade 6193 USD Million | 6.193 USD Billion Jan/21
Capital Flows 30052 USD Million | 30.052 USD Billion 4Q/20
Current Account 27334 USD Million | 27.334 USD Billion 4Q/20
Exports 34274 USD Million | 34.274 USD Billion Jan/21
External Debt 189873 USD Million | 189.873 USD Billion 4Q/20
Foreign Exchange Reserves 5415 USD HML | 541.5 USD Billion Jan/21
Imports 28081 USD Million | 28.081 USD Billion Jan/21
Terms of Trade  92.3 Index Points Jan/21
Tourist Arrivals 14.79 Thousand Persons | 0.015 Million Persons Jan/21


Money Indicators

Indicator Data Period
Bank Lending Rate 2.44 % Jan/21
Gold Reserves 424 Tonnes 4Q/20
Interbank Rate 0.48 % Feb/21
Interest Rate 1.13 % Dec/20
Loans to Private Sector 12785128 TWD Million | 458.365 USD Billion Jan/21
Money Supply M0 2411254 TWD Million | 86.447 USD Billion Jan/21
Money Supply M1 9083549 TWD Million | 325.658 USD Billion Jan/21
Money Supply M2 50346760 TWD Million | 1805.003 USD Billion Jan/21
Central Bank Balance Sheet 18305420 TWD Million | 656.275 B USD Jan/21
Foreign Direct Investment 508 USD Million | 0.508 B USD Jan/21


Labor Indicators

Indicator Data Period
Minimum Wages 24000 TWD/Month | 860.434 USD/Month 2021
Unemployment Rate 3.75 % Jan/21
Wages 53252 TWD/Month | 1909.16 USD/Month Dec/20
Youth Unemployment Rate 12.39 % Oct/20
Employed Persons 11527 Thousand Person | 11.527 Million Person Jan/21
Labor Force Participation Rate 59.14 % Jan/21
Unemployed Persons 438 Thousand Persons | 0.438 Million Persons Jan/21
Wages in Manufacturing 50800 TWD/Month | 1821.252 USD/Month Dec/20


Taxes

Indicator Data Period
Corporate Tax Rate 20 % 2021
Personal Income Tax Rate 40 % 2019
Sales Tax Rate 5 % 2021
Social Security Rate 14.02 % 2019
Social Security Rate For Companies 10.87 % 2019
Social Security Rate For Employees 3.15 % 2019


Production Indicators

Indicator Data Period
Crude Oil Production 0.2 BBL/D/1K Feb/19
Industrial Production 18.81 % Jan/21
Mining Production 17.68 % Jan/21
Steel Production 1700 Thousand Tonnes Dec/20
Car Production 27070 Units | 27.07 Units Jan/21
Industrial Production (MoM) 3 % Jan/21


Business Indicators

Indicator Data Period
Bankruptcies 2227 companies Jan/21
Corruption Index 65 index points 2020
Corruption Rank 28 place 2020
Ease of Doing Business 15 place 2019
Manufacturing PMI 60.2 index points Jan/21
Manufacturing Production 19.67 % Jan/21
Competitiveness Index 80.24 Index Points 2019
Competitiveness Rank 12 2019
Leading Economic Index  112.7 Index Points Sep/19


Consumer Indicators

Indicator Data Period
Consumer Confidence 71.98 index points Feb/21
Retail Sales MoM 0.6 % Dec/20
Retail Sales YoY 3.56 % Jan/21
Consumer Credit 9624013 TWD Million | 345.035 USD Billion Jan/21
Consumer Spending 2420993 TWD Million | 86.796 USD Billion 4Q/20
Disposable Personal Income 9256300 TWD Million | 331.851 B USD 2019


Gold Reserves
gold_reserve_icon
424
Tonnes
#12 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
541.5
USD Billion
#6 from 114 countries


Government Budget Value
balance_icon
-8
USD Billion
#96 from 113 countries
Inflation Rate
inflation_icon
-0.16
%
#137 from 174 countries


Interest Rate
discount_rate_icon
1.13
%
#123 from 159 countries
Bank Lending Rate
credit_rate_icon
2.44%
#37 from 55 countries


Unemployment Rate
unemployment_icon
3.75
%
#125 from 171 countries
Wages
salary_icon
1909.16
USD/Month
#30 from 82 countries


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