Current Account in Taiwan

Taiwan Current Account | Economic News & Forecasts

Taiwan - Current Account

Economic activity picked up in the fourth quarter of 2019, according to revised GDP data, placing annual growth for the year at a similar level to that recorded in 2018. Soaring fixed investment drove the quarterly acceleration, as the government’s pro-growth policies and trade diversion from China spurred a reshoring of capital by domestic companies. However, consumption metrics were less positive in Q4 as a marked decrease in government spending growth more than offset a marginal acceleration in private consumption. Turning to the first quarter of this year, activity looks likely to be severely hampered by the impact of the coronavirus outbreak in China, with Taiwan particularly vulnerable due to its intertwined supply chains and dependence on Chinese tourism and exports. This bodes ill for the manufacturing industry in the first months of year, despite the PMI recently climbing to a 17-month high in January.

Taiwan - Current Account Data

2014   2015   2016   2017   2018  
Current Account (% of GDP)11.4  13.5  13.1  14.0  11.7  

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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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