Current Account in Taiwan

Taiwan Current Account | Economic News & Forecasts

Taiwan - Current Account

After the economy lost momentum in the second quarter amid the reimposition of nationwide restrictions, annual growth has likely slowed down further in the third quarter. However, this is largely owing to a less favorable base effect, as underlying conditions have actually improved amid ebbing daily Covid-19 cases and looser restrictions. Accordingly, data for July–August is upbeat: Exports recorded healthy growth and the non-manufacturing PMI was above Q2’s average. Moreover, consumer confidence improved in the same period, which, together with lower unemployment in July, bodes well for private consumption. In other news, on 9 September the government announced a plan to hand out USD 5.8 billion worth of coupons to boost household spending. The stimulus should work as an indirect relief package for small businesses hit by the pandemic’s fallout.

Taiwan - Current Account Data

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

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

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

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form