Taiwan's GDP rose by 4.1% year-on-year in the third quarter of 2022, based on advance estimates by the Directorate General of Budget Accounting and Statistics (DGBAS).

Taiwan's Directorate General of Budget Accounting and Statistics (DGBAS) has increased its forecast for Taiwan's GDP growth for 2024 to 3.94%.

Taiwan's Gross Domestic Product (GDP) fell 0.73% in the second quarter of 2020 compared to the same period in 2019 owing to the impact of the coronavirus pandemic.

Taiwan's Gross Domestic Product rose 3.3% year-on-year in the third quarter of 2020 (3Q20).

Taiwan's real GDP increased by 4.17% on a year-on-year basis in the third quarter of 2024 (3Q24), according to the latest report from the Directorate General of Budget Accounting and Statistics (DGBAS), which was 0.2 percentage points higher than its previous forecast, while the economic growth rates for 1Q24 and 2Q24 have been revised to 6.64% and 4.89% (formerly 6.63% and 5.06%).

The Directorate General of Budget Accounting and Statistics (DGBAS) has cut Taiwan's official forecasts for Gross Domestic Product (GDP) growth rates to 3.06% in 2022 (down 0.7 percentage points from its previous forecast) and to 2.75% for 2023 (down 0.3 percentage points from previously).

Based on an advance estimate by the Directorate General of Budget Accounting and Statistics (DGBAS), Taiwan's real gross domestic product (GDP) increased by 5.12% on a year-on-year basis (yoy) in the fourth quarter of 2023 (4Q23) and 8.79% on a quarter-on-quarter seasonally-adjusted annualized basis (saar).

Taiwan's economy grew 2.98% in 2020, beating a November forecast because of strong electronics and information technology exports in the fourth quarter, according to an advance estimate by Taiwan's statistics bureau, the Directorate General of Budget Accounting and Statistics (DGBAS).

Based on the advanced estimate, Taiwan's real gross domestic product (GDP) grew by 12.93% on a quarter-on-quarter seasonally-adjusted annualized basis (SAAR) and 8.16% on a year-on-year (yoy) basis in the first quarter of 2021 (1Q21), according to the Directorate General of Budget Accounting and Statistics (DGBAS).

The Directorate General of Budget, Accounting and Statistics (DGBAS) expects Taiwan’s 2021 Gross Domestic Product (GDP) to rise by 6.01% year-on-year

Taiwan's economy is now in a recession after experiencing a second consecutive quarter of gross domestic product (GDP) contraction, the commonly accepted definition of a recession.

The decennial national population and household census will begin in November, with 16,000 census workers set to visit more than 1.2 million households around Taiwan.

Taiwan's real gross domestic product (GDP) increased by 2.32% in the third quarter of 2023 from the same period of previous year, according to the latest preliminary estimate from the Directorate General of Budget Accounting and Statistics (DGBAS).

Taiwan's Directorate General for Budgeting Accounting and Statistics (DGBAS) has revised its 2020 GDP forecast downwards by 0.7 percentage points to 1.67% to take into account the impact of the coronavirus pandemic.

Based on advance estimates by the Directorate General of Budget, Accounting and Statistics (DGBAS), Taiwan's real gross domestic product (GDP) increased by 4.88% on a year-on-year basis (y-o-y) in 4Q21 and 6.28% for the full year in 2021, the highest growth rate in 11 years

Taiwan's unemployment rate for March stood at 3.56%.

Taiwan's real gross domestic product (GDP) increased by 3.06% on a year-on-year (yoy) basis in the first quarter of 2022 (1Q22) and 6.39% on a quarter-on-quarter seasonally adjusted annualised basis (saar)

Taiwan's Gross Domestic Product (GDP) increased by 3.92% year-on-year in the third quarter of 2020 (3Q20), according to a report by the Directorate General of Budget Accounting and Statistics (DGBAS).

Taiwan's Gross Domestic Product (GDP) is expected to slow down to 3.91% in 2022 from the more robust growth rate of 6.57% in 2021

Taiwan's official unemployment rate declined by 0.04 percentage points month-on-month to 3.46% in May, according to a news release by the Directorate General of Budget Accounting and Statistics (DGBAS).

Taiwan's real GDP contracted by 2.36% on a quarter-on-quarter, seasonally-adjusted annualized basis and 2.87% on a year-on-year basis in the first quarter of 2023 (1Q23), according to the latest preliminary estimate by the Directorate General for Budget Accounting and Statistics (DGBAS).

The Consumer Price Index is expected to go up by around 2.03% this year.

Taiwan's real gross domestic product (GDP) grew by 4.86% year-on-year in the fourth quarter of 2021 and by 6.45% for the whole 2021, according to the latest preliminary estimate by the Directorate General of Budget Accounting and Statistics (DGBAS)

Taiwan's unemployment rate in August rose slightly from a month earlier to stand 3.48%.

Taiwan's official unemployment rate declined by 0.05 percentage points to 3.43% in September, compared with the same month in 2023, although the seasonally adjusted unemployment rate rose by 0.02 percentage points to 3.38%.

Taiwan's official unemployment rate reached 4% in July, according to the monthly Manpower Survey Results report by the Directorate General of Budget Accounting & Statistics (DGBAS).

Taiwan's official unemployment rate declined by 0.21 percentage points in October to 3.43% compared to the same month in 2022.

Taiwan's unemployment rate declined by 0.02 percentage points month-on-month and 0.11 percentage points year-on-year to 3.50% in January while the seasonally adjusted unemployment rate remained at 3.60%.

The Directorate General of Budget Accounting and Statistics (DGBAS) has cut its official 2023 forecast for Gross Domestic Product (GDP) to 2.12%, a downward revision of 0.63 percentage points from its previous forecast.

Taiwan's unemployment rate rose by 0.75 percentage points to 3.78% in July compared to the same month in 2021

The unemployment rate rose by 0.1 percentage point to 3.99% in August.

An economic think tank is getting more optimistic about the local economy.

The Directorate General of Budget, Accounting and Statistics (DGBAS) announced that the unemployment rate for February experienced a rise, marking the end of a five-month downward trend.

Taiwan's jobless rate rose slightly last month.

Taiwan's unemployment rate rose by 0.4 percentage points to 4.07% in May, compared with the same month in 2019.

Taiwan's unemployment rate in November declined to 3.66% or 3.71% on a seasonally adjusted basis

In spite of lingering Covid-19 challenges in 2022, young adults under 30 have achieved a record high average annual income of NT$536,000.

Based on an "advance estimate" by Taiwan's Directorate General of Budget Accounting and Statistics (DGBAS), Taiwan's real GDP rose by 2.73% in 2019 year on year (yoy), driven by strong activity in the fourth quarter of 2019.

Taiwan's real GDP is projected to grow by 1.61% in 2023, according to the latest preliminary estimate from the Directorate General of Budget Accounting and Statistics (DGBAS). This represents a downward revision of by 0.43 percentage point from the previous forecast.

The average number of people employed in the industrial and service sectors in Taiwan fell in 2020 for the first time in 11 years because of the economic disruption caused by the global Covid-19 pandemic, according to Taiwan's statistics bureau.

Taiwan’s real GDP increased by 5.09% on a year-on-year basis in the fourth quarter of 2020, taking full year GDP growth to 3.11%, according to a news release of a revised preliminary estimate by the Directorate General of Budget Accounting and Statistics (DGBAS).

Taiwan's official unemployment rate declined by 0.09 percentage points to 3.52% in December, down by 0.12 percentage points from the same month in 2021.

Taiwan's Gross Domestic Product (GDP) in the fourth quarter of 2022 (4Q22) fell by 0.86% compared to the same quarter in 2021, according to a preliminary ("advanced estimate") by the Directorate General of Budget Accounting and Statistics (DGBAS).

Taiwan's real GDP in the second quarter of 2024 (2Q24) rose by 1.16% on a quarter-on-quarter, seasonally-adjusted annualized basis (saar) and 5.06% on a year-on-year (yoy) basis, according to the latest report from the Directorate General of Budget Accounting and Statistics (DGBAS).

In August, the average regular earnings of full-time employees with Taiwan nationality (excluding the foreigners and part-time employees) were NT$49,387, an increase of 0.37% from  the previous month and up 3.22% from the same month last year.

The average regular earnings of full-time employees with Taiwan nationality (excluding the foreigners and part-time employees) were NT$47,939 in January 2023, an increase of 2.57% from the same month in 2022.

In July, the average regular earnings of full-time employees with Taiwan nationality (excluding the foreigners and part-time employees) were NT$48,118, an increase of 2.63% from the same month last year, according to a report from the Directorate General of Budget Accounting and Statistics (DGBAS).

Officials have admitted that for some commodities, inflation is much more serious than the official numbers suggest.

Taiwan's Directorate General of Budget, Accounting & Statistics (DGBAS) has cut its official 2020 forecast for Taiwan's Gross Domestic Product (GDP) by 0.11 percentage points to 1.56%, following lower than expected growth in the first half of 2020.

The International Monetary Fund (IMF) raised its forecast for Taiwan's gross domestic product (GDP) for 2020, on the grounds that Taiwan is performing better than most other countries at dealing with the health and economic impact of the Covid-19 pandemic.

In September, the average regular earnings of full-time employees with Taiwan nationality (excluding the foreigners and part-time employees) was NT$48,065, an increase of 2.51% from the same month last year. Average irregular earnings such as bonuses and overtime pay was NT$9,754.

Statistics show that the average real regular wages in Taiwan's industrial and service sectors fell for a third consecutive year in the first quarter of 2024.

What happens when the gig economy is less free, less flexible and less satisfying than what was originally promised?

By Joanna Lee

The Taiwan government’s Directorate General of Budget, Accounting and Statistics (DGBAS) has officially cut its forecast for gross domestic product (GDP) growth in 2020 to 2.37% in 2020, a downgrade from its earlier forecast of 2.72% made in November 2019, on fears that the spread of the 2019 novel coronavirus (Covid-19) will have an impact on both the domestic and international economy.

The head of Taiwan's statistics bureau, the Directorate General of Budget Accounting and Statistics (DGBAS) does not believe that the Palestine-Israel war will have much of an effect on international commodity prices, but he cautioned that crude oil prices could be pushed higher and fuel inflation.

In March, the average regular earnings of full-time employees with Taiwan nationality (excluding foreigners and part-time employees) were NT$47,925.

In November 2020, the average regular salaries/wages of full-time employees with Taiwan nationality (excluding the foreigners and part-time employees) was NT$44,926, an increase of 1.37% from the same month in 2019, according to a report by the Directorate General of Budget, Accounting & Statistics (DGBAS).

Taiwan's Consumer Price Index (CPI) increased by 2.84% in January 2022

Taiwan's Consumer Price Index CPI in March 2023 increased 2.35%, compared with the same month of 2022.

Taiwan's Consumer Price Index (CPI) rose by 1.88% in July 2023, compared with the same month of 2022.

Taiwan's consumer price index (CPI) rose 1.37% in February compared to a year earlier, according to a report by the Directorate General of Budget, Accounting and Statistics (DGBAS).

Taiwan's official CPI in January 2023 increased by 3.04% year-on-year.

Taiwan's Consumer Price Index (CPI) increased by 3.27% in March, compared to the same month in 2021

Taiwan's consumer prices fell for the eighth straight month in September compared to the same month in 2019.

Taiwan's official manufacturing purchasing managers' index (PMI) came in at 48.1 in February, virtually unchanged from January's level of 48.

Taiwan's official Consumer Price Index (CPI) rose by 1.89% year-on-year in June.

Taiwan's Consumer Price Index (CPI) rose 2.84% in November compared with the same month in 2020, according to a report by the Directorate General of Budget, Accounting and Statistics (DGBAS)

Taiwan's consumer price index rose 1.26% in March 2021, compared with the same month of 2020.

Taiwan's Consumer Price Index (CPI) rose by 2.66% in August 2022, compared with the same month in 2021

The government is slamming the passing of draft amendments to the Act Governing the Allocation of Government Revenues and Expenditures saying the move will create a "fiscal imbalance" that will "severely impact the development of the nation" if passed into law.

Several measures of inflation in Taiwan showed continued increases in April in line with global trends.

Taiwan's core inflation rate decreased in April, according to an official press release yesterday by the Directorate General of Budget Accounting and Statistics (DGBAS).

Inflation in Taiwan is rising faster than previously

Taiwan's official Consumer Price Index (CPI) in June 2022 increased 3.59% compared with the same month of 2021

Taiwan's Consumer Price Index (CPI) fell 0.76% in June 2020, compared with the same month in 2019.

Taiwan's Consumer Price Index (CPI) increased by 0.06% in December 2020, compared with the same month in 2019.

Inflation eased in October, with the Consumer Price Index up just 1.69% year-on-year, the lowest rate in over three and a half years.

Taiwan’s official Consumer Price Index (CPI) in April 2021 increased by 2.09% compared with the same month of 2020. According to a news release by the Directorate General of Budget Accounting and Statistics (DGBAS), the rise was main attributed to the increase in fuels and lubricants, up 47.95% due to a relatively lower comparison base, while the index for transportation fees rose 14.75% due to the increase in airfares, and indices for eggs and vegetables also rose 5.52% and 4.95%, respectively.

Taiwan's consumer price index in June rose 2.42% from a year earlier, following a spike in food prices, according to data released yesterday by the Directorate General of Budget, Accounting and Statistics (DGBAS).

The Directorate General of Budget, Accounting and Statistics (DGBAS) reported a November Consumer Price Index annual growth rate of 2.08%, surpassing the 2% inflation warning threshold while the core CPI, excluding fruit, vegetables, and energy, rose by 1.74%.

The Directorate General of Budget, Accounting and Statistics has said it expects Taiwan's investment rate to hit a 27-year high in 2022, as local companies expand production and upgrade technologies.

Taiwan's official consumer price index (CPI) fell 0.24% in October, compared with the same month of 2019.

A few encouraging signs exist for people wanting to further their careers. Many Taiwanese say they want to work overseas, as they believe bigger opportunities are available in other countries.More than 60% of Taiwanese said they are inclined to work overseas in 2020 as the country continues to face a serious brain drain due to its comparatively lower salary levels, recruitment experts said.

Taiwan's official purchasing managers' index (PMI) came in at 53.6 in August, above the neutral level of 50 for the fourth consecutive month, indicating economic expansion ahead.

Taiwan's Directorate General of Budget Accounting and Statistics (DGBAS) has raised its forecast for Taiwan’s full year 2021 Gross Domestic Product (GDP) growth to 5.46%.

Based on advance estimates by the Directorate General of Budget Accounting and Statistics (DGBAS), Taiwan's real gross domestic product (GDP) increased by 3.97% on a year-on-year basis (yoy) in the third quarter of 2024 (3Q24) and 4.38% on a quarter-on-quarter seasonally-adjusted annualized basis (saar).

Taiwan's real gross domestic product (GDP) increased by 2.32% year-on-year in the third quarter of 2023, based on advance estimates by the Directorate General of Budget Accounting and Statistics (DGBAS).

Based on advance estimates by the Directorate General of Budget Accounting and Statistics, (DGBAS), Taiwan’s real gross domestic product (GDP) increased by 6.51% on a year-on-year basis (yoy) in the first quarter of 2024 (1Q24).

The Directorate General of Budget Accounting and Statistics has raised Taiwan 2024 GDP forecast to 3.43%.

Taiwan’s real gross domestic product (GDP) increased by 3.08% on a year-on-year (yoy) basis in the second quarter of 2022 (2Q22), based on advance estimates by the Directorate General of Budget Accounting and Statistics (DGBAS)