Current Account in Taiwan

Taiwan Current Account | Economic News & Forecasts

Taiwan - Current Account

The economy ended the year 2018 on a feeble note, as confirmed by national accounts data for the fourth quarter. Private consumption growth continued to soften in the period, while the ongoing weakness of the crucial external sector—primarily due to a slowdown in China and the cloud cast by the Sino-American trade war—was likely a main factor weighing on investment, which also slowed in the period. Nevertheless, the public sector cushioned the blow, with government consumption rebounding solidly, while the infrastructure investment package passed in the FY18 budget partially offset weaker business investment. Looking at Q1, the picture appears similarly bleak with the trade sector set to stay anemic. In January, the manufacturing PMI fell further due to tepid overseas demand, confirmed by the third consecutive decline in merchandise exports in January. Moreover, export orders in December tanked by more than ten percentage points after already declining in November, indicating that actual shipments will likely continue to fall in coming months.

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

Bond Yield0.831.28 %Mar 11
Exchange Rate30.910.07 %Mar 11
Stock Market10,2500.37 %Mar 11

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