Current Account in Taiwan

Taiwan Current Account | Economic News & Forecasts

Taiwan - Current Account

Annual economic growth accelerated in the third quarter, powered by strong private consumption, government spending and a resilient external sector. However, the economy likely lost momentum in Q4. Industrial output fell in October and the manufacturing PMI for November remained in contractionary territory, pointing to weaker business activity. Moreover, tourism figures dipped in October—likely hit by China’s attempts to curb visits to the island—although remained strong for the year to date. More positively, external trade remains robust, with Taiwan benefiting from trade diversion from China due to the U.S.-China trade war. Meanwhile, Taiwan goes to the polls in early January to elect a new president and legislature, with China relations at the forefront of voters’ minds. The pro-independence DPP looks likely to retain the presidency, which could have detrimental effects on the external sector going forward.

Taiwan - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)9.7  11.4  14.1  13.4  14.5  

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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

ValueChangeDate
Bond Yield0.691.28 %Dec 31
Exchange Rate29.910.07 %Jan 01

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