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Economy of Taiwan. Statistics, Data and Indicators

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


Taiwan Major Economic Indicators

Indicator Data Period
GDP Value 775 USD Billion 2021
GDP Annual Growth Rate -0.86 % 4Q/22
GDP Growth Rate -1.08 % 4Q/22
Inflation Rate YoY 2.71 % Dec/22
Interest Rate 1.75 % Dec/22
Unemployment Rate 3.61 % Dec/22
Wages 51157 TWD/Month | 1721.415 USD/Month Nov/22
Balance of Trade 4790 USD Million | 4.79 B USD Dec/22
Current Account 20714 USD Million | 20.714 B USD 3Q/22
Foreign Exchange Reserves 5549 USD HML | 554.9 B USD Dec/22


GDP Indicators

Indicator Data Period
GDP Value 775 USD Billion 2021
GDP Annual Growth Rate -0.86 % 4Q/22
GDP Growth Rate -1.08 % 4Q/22
Gross National Product 5364499 TWD Million | 180.513 USD Billion 3Q/22
GDP Constant Prices 5449496 TWD Million | 183.374 B USD 3Q/22
GDP From Agriculture  77165 TWD Million | 2.597 B USD 3Q/22
GDP From Construction  132454 TWD Million | 4.457 B USD 3Q/22
GDP From Manufacturing  2083628 TWD Million | 70.113 B USD 3Q/22
GDP From Mining  3097 TWD Million | 0.104 B USD 3Q/22
GDP From Public Administration  286107 TWD Million | 9.627 B USD 3Q/22
GDP From Services  3115646 TWD Million | 104.84 B USD 3Q/22
GDP From Transport  117340 TWD Million | 3.948 B USD 3Q/22
GDP From Utilities  91075 TWD Million | 3.065 B USD 3Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 28.2 % 2019
Government Budget Value -313 TWD Billion | -10.532 USD Billion 2022
Government Spending 714117 TWD Million | 24.03 USD Billion 3Q/22
Government Revenues 3123 TWD Billion | 105.088 USD Billion 2022
Fiscal Expenditure  3435 TWD Billion | 115.587 B USD 2022
Government Budget to GDP -0.5 % 2021
Military Expenditure 12958 USD Million | 12.958 B USD 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 108 index points Dec/22
Export Prices 106 index points Dec/22
Food Inflation 4.93 % Dec/22
GDP Deflator 104 index points 3Q/22
Import Prices 119 index points Dec/22
Inflation Rate YoY 2.71 % Dec/22
Producer Prices 114 index points Dec/22
Inflation Rate Mom 0.33 % Dec/22
Core Consumer Prices 108 Index Points Dec/22
Core Inflation Rate 2.71 % Dec/22
CPI Housing Utilities 107 Index Points Dec/22
CPI Transportation 108 Index Points Dec/22
Producer Prices Change  6.42 % Dec/22


Trade Indicators

Indicator Data Period
Current Account to GDP 14.8 % 2021
Balance of Trade 4790 USD Million | 4.79 USD Billion Dec/22
Capital Flows 23844 USD Million | 23.844 USD Billion 3Q/22
Current Account 20714 USD Million | 20.714 USD Billion 3Q/22
Exports 35750 USD Million | 35.75 USD Billion Dec/22
External Debt 226402 USD Million | 226.402 USD Billion 3Q/22
Foreign Exchange Reserves 5549 USD HML | 554.9 USD Billion Dec/22
Imports 30964 USD Million | 30.964 USD Billion Dec/22
Terms of Trade  89.2 Index Points Dec/22
Tourist Arrivals 173 Thousand Persons | 0.173 Million Persons Nov/22


Money Indicators

Indicator Data Period
Bank Lending Rate 2.84 % Dec/22
Gold Reserves 424 Tonnes 3Q/22
Interbank Rate 1.37 % Feb/23
Interest Rate 1.75 % Dec/22
Loans to Private Sector 14853469 TWD Million | 499.814 USD Billion Nov/22
Money Supply M0 2890086 TWD Million | 97.25 USD Billion Nov/22
Money Supply M1 10294000 TWD Million | 346.389 USD Billion Nov/22
Money Supply M2 57502036 TWD Million | 1934.923 USD Billion Dec/22
Central Bank Balance Sheet 19442884 TWD Million | 654.246 B USD Dec/22
Foreign Direct Investment 849 USD Million | 0.849 B USD Nov/22


Labor Indicators

Indicator Data Period
Minimum Wages 26400 TWD/Month | 888.35 USD/Month 2023
Unemployment Rate 3.61 % Dec/22
Wages 51157 TWD/Month | 1721.415 USD/Month Nov/22
Youth Unemployment Rate 12.07 % Nov/22
Employed Persons 11451 Thousand Person | 11.451 Million Person Dec/22
Labor Force Participation Rate 59.17 % Dec/22
Unemployed Persons 418 Thousand Persons | 0.418 Million Persons Dec/22
Wages in Manufacturing 54695 TWD/Month | 1840.467 USD/Month Nov/22


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 0.2 BBL/D/1K Mar/22
Industrial Production -7.93 % Dec/22
Mining Production -0.8 % Dec/22
Steel Production 1700 Thousand Tonnes Dec/20
Car Production 24197 Units | 24.197 Units Dec/22
Industrial Production (MoM) -0.89 % Dec/22


Business Indicators

Indicator Data Period
Bankruptcies 2223 companies Nov/22
Corruption Index 68 index points 2022
Corruption Rank 25 place 2022
Ease of Doing Business 15 place 2019
Manufacturing PMI 44.3 index points Jan/23
Manufacturing Production -8.4 % Dec/22
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 59.73 index points Jan/23
Retail Sales MoM 5 % Dec/22
Retail Sales YoY 9.4 % Dec/22
Consumer Credit 10991298 TWD Million | 369.853 USD Billion Nov/22
Consumer Spending 2436997 TWD Million | 82.004 USD Billion 3Q/22
Disposable Personal Income 9727600 TWD Million | 327.33 B USD 2021