Economy of Taiwan. Statistics, Data and Indicators
Taiwan
| 82AA- | Credit rank #27 |
| 163.28 | Quality of life #23 |
| 25 | Corruption rank#29 |
| 15 | Ease of doing business#13 |
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 | 2.52 % | Aug/23 |
| Interest Rate | 1.88 % | Sep/23 |
| Unemployment Rate | 3.42 % | Aug/23 |
| Wages | 59221 TWD/Month | 1841.701 USD/Month | Jul/23 |
| Balance of Trade | 8591 USD Million | 8.591 B USD | Aug/23 |
| Current Account | 22243 USD Million | 22.243 B USD | 2Q/23 |
| Foreign Exchange Reserves | 5655 USD HML | 565.5 B USD | Aug/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 | 169.774 USD Billion | 2Q/23 |
| GDP Constant Prices | 5421573 TWD Million | 168.604 B USD | 2Q/23 |
| GDP From Agriculture | 90504 TWD Million | 2.815 B USD | 2Q/23 |
| GDP From Construction | 121959 TWD Million | 3.793 B USD | 2Q/23 |
| GDP From Manufacturing | 1716729 TWD Million | 53.388 B USD | 2Q/23 |
| GDP From Mining | 2989 TWD Million | 0.093 B USD | 2Q/23 |
| GDP From Public Administration | 287811 TWD Million | 8.951 B USD | 2Q/23 |
| GDP From Services | 3217734 TWD Million | 100.068 B USD | 2Q/23 |
| GDP From Transport | 147887 TWD Million | 4.599 B USD | 2Q/23 |
| GDP From Utilities | 78116 TWD Million | 2.429 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 28.2 % | 2019 |
| Government Budget Value | -375 TWD Billion | -11.662 USD Billion | 2023 |
| Government Spending | 725920 TWD Million | 22.575 USD Billion | 2Q/23 |
| Government Revenues | 3472 TWD Billion | 107.975 USD Billion | 2023 |
| Fiscal Expenditure | 3848 TWD Billion | 119.668 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) | 106 index points | Aug/23 |
| Export Prices | 110 index points | Aug/23 |
| Food Inflation | 3.46 % | Aug/23 |
| GDP Deflator | 106 index points | 2Q/23 |
| Import Prices | 112 index points | Aug/23 |
| Inflation Rate YoY | 2.52 % | Aug/23 |
| Producer Prices | 111 index points | Aug/23 |
| Inflation Rate Mom | 0.18 % | Aug/23 |
| Core Consumer Prices | 105 Index Points | Aug/23 |
| Core Inflation Rate | 2.56 % | Aug/23 |
| CPI Housing Utilities | 105 Index Points | Aug/23 |
| CPI Transportation | 105 Index Points | Aug/23 |
| Producer Prices Change | -0.06 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 14.8 % | 2022 |
| Balance of Trade | 8591 USD Million | 8.591 USD Billion | Aug/23 |
| Capital Flows | 26275 USD Million | 26.275 USD Billion | 2Q/23 |
| Current Account | 22243 USD Million | 22.243 USD Billion | 2Q/23 |
| Exports | 37359 USD Million | 37.359 USD Billion | Aug/23 |
| External Debt | 201049 USD Million | 201.049 USD Billion | 2Q/23 |
| Foreign Exchange Reserves | 5655 USD HML | 565.5 USD Billion | Aug/23 |
| Imports | 28768 USD Million | 28.768 USD Billion | Aug/23 |
| Terms of Trade | 98.8 Index Points | Aug/23 |
| Tourist Arrivals | 543 Thousand Persons | 0.543 Million Persons | Jul/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 3.13 % | Aug/23 |
| Gold Reserves | 424 Tonnes | 2Q/23 |
| Interbank Rate | 1.49 % | Sep/23 |
| Interest Rate | 1.88 % | Sep/23 |
| Loans to Private Sector | 14990254 TWD Million | 466.179 USD Billion | Jul/23 |
| Money Supply M0 | 3043506 TWD Million | 94.649 USD Billion | Jul/23 |
| Money Supply M1 | 10610400 TWD Million | 329.971 USD Billion | Aug/23 |
| Money Supply M2 | 59717012 TWD Million | 1857.126 USD Billion | Aug/23 |
| Central Bank Balance Sheet | 20209232 TWD Million | 628.482 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 | 821.008 USD/Month | 2023 |
| Unemployment Rate | 3.42 % | Aug/23 |
| Wages | 59221 TWD/Month | 1841.701 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 | 2189.168 USD/Month | Jul/23 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2023 |
| Personal Income Tax Rate | 40 % | 2023 |
| Sales Tax Rate | 5 % | 2023 |
| Social Security Rate | 15.76 % | 2021 |
| Social Security Rate For Companies | 12.15 % | 2021 |
| Social Security Rate For Employees | 3.61 % | 2021 |
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 | 21106 Units | 21.106 Units | Aug/23 |
| Industrial Production (MoM) | 1.99 % | Jul/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Bankruptcies | 2417 companies | Jul/23 |
| Corruption Index | 68 index points | 2022 |
| Corruption Rank | 25 place | 2022 |
| Ease of Doing Business | 15 place | 2019 |
| Manufacturing PMI | 44.3 index points | Aug/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 | 67.51 index points | Aug/23 |
| Retail Sales MoM | 1.6 % | Jul/23 |
| Retail Sales YoY | 4.3 % | Aug/23 |
| Consumer Credit | 11310009 TWD Million | 351.728 USD Billion | Jul/23 |
| Consumer Spending | 2634948 TWD Million | 81.944 USD Billion | 2Q/23 |
| Disposable Personal Income | 99421 TWD Million | 3.092 B USD | 2022 |
