Current Account in Taiwan

Taiwan Current Account | Economic News & Forecasts

Taiwan - Current Account

After growth moderated in Q1, underlying momentum is easing in Q2. Pandemic-related restrictions in China and generally less favorable global demand conditions are weighing on the external sector and manufacturing. In May, the manufacturing PMI tumbled to a near two-year low and export growth waned, while export orders fell in April. Moreover, the non-manufacturing index plunged into contractionary territory in May, as record Covid-19 cases led to greater caution among consumers and firms. However, the government’s pivot towards living with the virus will limit the fallout. Despite surging caseloads, travel restrictions are being progressively eased, with the quarantine time for visitors cut to three days in June. In other news, Taiwan and the U.S. recently launched a trade “initiative”, signaling warming ties with Washington. However, the shift falls far short of a comprehensive trade deal.

Taiwan - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)13.5  13.1  14.0  11.7  10.6  

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Taiwan Current Account Chart

Taiwan Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of China and FocusEconomics calculations.

Taiwan Facts

Value Change Date
Bond Yield0.691.28 %Dec 31
Exchange Rate29.910.07 %Jan 01

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