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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 1.36 % 2Q/23
GDP Growth Rate 1.38 % 2Q/23
Inflation Rate YoY 2.93 % Sep/23
Interest Rate 1.88 % Sep/23
Unemployment Rate 3.42 % Aug/23
Wages 59221 TWD/Month | 1846.444 USD/Month Jul/23
Balance of Trade 10325 USD Million | 10.325 B USD Sep/23
Current Account 22243 USD Million | 22.243 B USD 2Q/23
Foreign Exchange Reserves 5640 USD HML | 564 B USD Sep/23


GDP Indicators

Indicator Data Period
GDP Value 775 USD Billion 2021
GDP Annual Growth Rate 1.36 % 2Q/23
GDP Growth Rate 1.38 % 2Q/23
Gross National Product 5459182 TWD Million | 170.211 USD Billion 2Q/23
GDP Constant Prices 5421573 TWD Million | 169.039 B USD 2Q/23
GDP From Agriculture  90504 TWD Million | 2.822 B USD 2Q/23
GDP From Construction  121959 TWD Million | 3.803 B USD 2Q/23
GDP From Manufacturing  1716729 TWD Million | 53.526 B USD 2Q/23
GDP From Mining  2989 TWD Million | 0.093 B USD 2Q/23
GDP From Public Administration  287811 TWD Million | 8.974 B USD 2Q/23
GDP From Services  3217734 TWD Million | 100.325 B USD 2Q/23
GDP From Transport  147887 TWD Million | 4.611 B USD 2Q/23
GDP From Utilities  78116 TWD Million | 2.436 B USD 2Q/23


Budget Indicators

Indicator Data Period
Government Debt to GDP 28.2 % 2019
Government Budget Value -375 TWD Billion | -11.692 USD Billion 2023
Government Spending 725920 TWD Million | 22.633 USD Billion 2Q/23
Government Revenues 3472 TWD Billion | 108.253 USD Billion 2023
Fiscal Expenditure  3848 TWD Billion | 119.976 B USD 2023
Government Budget to GDP -0.5 % 2021
Military Expenditure 12509 USD Million | 12.509 B USD 2022


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 107 index points Sep/23
Export Prices 112 index points Sep/23
Food Inflation 4.78 % Sep/23
GDP Deflator 106 index points 2Q/23
Import Prices 113 index points Sep/23
Inflation Rate YoY 2.93 % Sep/23
Producer Prices 112 index points Sep/23
Inflation Rate Mom 0.34 % Sep/23
Core Consumer Prices 105 Index Points Sep/23
Core Inflation Rate 2.48 % Sep/23
CPI Housing Utilities 106 Index Points Sep/23
CPI Transportation 105 Index Points Sep/23
Producer Prices Change  -0.01 % Sep/23


Trade Indicators

Indicator Data Period
Current Account to GDP 14.8 % 2022
Balance of Trade 10325 USD Million | 10.325 USD Billion Sep/23
Capital Flows 26275 USD Million | 26.275 USD Billion 2Q/23
Current Account 22243 USD Million | 22.243 USD Billion 2Q/23
Exports 38811 USD Million | 38.811 USD Billion Sep/23
External Debt 201049 USD Million | 201.049 USD Billion 2Q/23
Foreign Exchange Reserves 5640 USD HML | 564 USD Billion Sep/23
Imports 28487 USD Million | 28.487 USD Billion Sep/23
Terms of Trade  98.5 Index Points Sep/23
Tourist Arrivals 590 Thousand Persons | 0.59 Million Persons Aug/23


Money Indicators

Indicator Data Period
Bank Lending Rate 3.13 % Aug/23
Gold Reserves 424 Tonnes 2Q/23
Interbank Rate 1.49 % Oct/23
Interest Rate 1.88 % Sep/23
Loans to Private Sector 15118735 TWD Million | 471.385 USD Billion Aug/23
Money Supply M0 3047330 TWD Million | 95.012 USD Billion Aug/23
Money Supply M1 10610402 TWD Million | 330.82 USD Billion Aug/23
Money Supply M2 59717012 TWD Million | 1861.909 USD Billion Aug/23
Central Bank Balance Sheet 20209232 TWD Million | 630.101 B USD Aug/23
Foreign Direct Investment 670 USD Million | 0.67 B USD Aug/23


Labor Indicators

Indicator Data Period
Minimum Wages 26400 TWD/Month | 823.122 USD/Month 2023
Unemployment Rate 3.42 % Aug/23
Wages 59221 TWD/Month | 1846.444 USD/Month Jul/23
Youth Unemployment Rate 12.47 % Aug/23
Employed Persons 11547 Thousand Person | 11.547 Million Person Aug/23
Labor Force Participation Rate 59.21 % Aug/23
Unemployed Persons 409 Thousand Persons | 0.409 Million Persons Aug/23
Wages in Manufacturing 70394 TWD/Month | 2194.806 USD/Month Jul/23


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 0.2 BBL/D/1K Mar/22
Industrial Production -10.53 % Aug/23
Mining Production -14.53 % Aug/23
Steel Production 1700 Thousand Tonnes Dec/20
Car Production 24891 Units | 24.891 Units Sep/23
Industrial Production (MoM) 1.99 % Jul/23


Business Indicators

Indicator Data Period
Bankruptcies 2481 companies Aug/23
Corruption Index 68 index points 2022
Corruption Rank 25 place 2022
Ease of Doing Business 15 place 2019
Manufacturing PMI 46.4 index points Sep/23
Manufacturing Production -10.7 % Aug/23
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 66.73 index points Sep/23
Retail Sales MoM 1.6 % Jul/23
Retail Sales YoY 4.3 % Aug/23
Consumer Credit 11368535 TWD Million | 354.458 USD Billion Aug/23
Consumer Spending 2634948 TWD Million | 82.155 USD Billion 2Q/23
Disposable Personal Income 99421 TWD Million | 3.1 B USD 2022