Current Account in Taiwan

Taiwan Current Account | Economic News & Forecasts

Taiwan - Current Account

Economic momentum appears to have continued waning in the fourth quarter—after logging a marked deceleration in the third quarter—according to available economic data. Notably, the PMI fell into contractionary territory in October before dipping again in November, while exports unexpectedly declined in November, largely due to weaker smartphone demand. Though export orders were robust in October, the softer demand for tech products will likely continue to weigh on the trade sector until year-end. Meanwhile, the more subdued private spending observed in Q3 looks poised to continue in Q4, as consumer confidence fell again in November. Nevertheless, a large public infrastructure package will likely keep buttressing investment growth in the quarter and beyond. On the political front, the local elections held on 24 November—seen by analysts largely as an interim evaluation of the government’s policy—dealt a heavy blow to President Tsai, forcing her to resign as head of the Democratic Progressive Party and possibly compromising her 2020 reelection bid.

Taiwan - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)9.7  11.4  14.1  13.7  14.4  

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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 Yield0.881.28 %Jan 16
Exchange Rate30.810.07 %Jan 16
Stock Market9,7640.37 %Jan 16

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