Unemployment in Taiwan

Taiwan Unemployment | Economic News & Forecasts

Taiwan - Unemployment

After a stellar Q1, the economy lost steam in Q2 as a domestic Covid-19 outbreak led to the imposition of nationwide restrictions, with annual GDP growth easing and activity shrinking in quarter-on-quarter terms. The softer year-on-year reading was driven by a contraction in private consumption and milder public spending growth. However, fixed investment and exports continued to soar, propelled by a buoyant semiconductor sector. Moving to the third quarter, momentum appears to be improving amid plummeting domestic Covid-19 cases, the vaccine rollout and the loosening of restrictions. In July, exports recorded healthy growth, the manufacturing PMI gained ground and the National Development Council’s non-manufacturing index returned to expansionary territory. In other news, Taiwan began rolling out a domestically-developed Covid-19 vaccine in August, which should aid the vaccination process.

Taiwan - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate3.8  3.9  3.8  3.7  3.7  

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Taiwan Unemployment Chart

Taiwan Unemployment
Note: Unemployment in % of active population.
Source: Directorate-General of Budget, Accounting & Statistics.

Taiwan Facts

Value Change Date
Bond Yield0.691.28 %Dec 31
Exchange Rate29.910.07 %Jan 01

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