Fiscal Balance in Taiwan
Taiwan - Fiscal Balance
Economic growth accelerated in the fourth quarter, according to preliminary estimates, ending 2019 on a bright note and putting estimated growth for the year on a similar footing to 2018. The strong reading was spurred by a sharp rebound in investment, likely driven by returning capital from overseas companies, while private consumption also accelerated. However, government spending growth halved since the previous quarter, while increasing imports saw the external sector drag on overall growth. In other news, incumbent Tsai Ing-wen retained the presidency in a landslide election victory in January, with her Democratic Progressive Party maintaining a majority in the legislature. This will ensure a continuation of current pro-growth economic policies. In particular, infrastructure development plans and ongoing efforts to encourage Taiwanese companies to re-shore capital should boost investment.Taiwan - Fiscal Balance Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -0.8 | 0.1 | -0.3 | -0.1 | 0.0 |
Taiwan Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.69 | 1.28 % | Dec 31 |
| Exchange Rate | 29.91 | 0.07 % | Jan 01 |
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Economic News
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Taiwan: Growth accelerates in Q4 2019
February 12, 2020
The economy expanded 3.3% in the fourth quarter compared to the same quarter a year earlier, according to a second GDP release.
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Taiwan: Exports and imports slump in January, trade surplus widens
February 7, 2020
Merchandise exports slumped 7.6% in annual terms in January, contrasting December’s 4.0% expansion.
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Taiwan: Manufacturing PMI rises to 17-month high in January
February 3, 2020
The manufacturing Purchasing Managers’ Index (PMI), reported by IHS Markit, climbed to 51.8 in January from 50.8 in December, thus moving further above the 50-threshold and signaling the fastest pace of improvement in operating conditions since August 2018. The improvement came amid stronger growth of both output and new work received by manufacturers, while export sales returned to expansionary territory for the first time in 17 months.
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Taiwan: Industrial production soars in December
January 22, 2020
Industrial output increased 6.0% in December compared to the same month a year earlier, quickening from the 1.8% increase recorded in November. The acceleration in December was chiefly driven by strong output growth in the manufacturing sector, which represents more than 90% of total industrial production, while a return to expansion in electricity and gas supply supported the overall figure.
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Taiwan: Economic activity accelerates in Q4
January 21, 2020
The economy grew 3.4% in the final quarter of 2019 compared to the same period a year earlier, according to an advance GDP estimate, up from the third quarter’s 3.0% increase.
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