2023-07-10
Summary of current season's economic situation analysis —2023Q1
Comprehensive analysis of the International Economic Outlook, Taiwan Economic Overview, and Taipei Econ Overview in the 2022Q4.
作者簡介:Editing by Huang Nuan-Yun
Editor of Taipeiecon
International Economic Outlook
According to EIU, IMF, OECD and other institutions to observe the economic growth forecast for the world's major economies in 2023: U.S. real GDP will grow by 1.6 %, Japan's real GDP will grow by 1.8%, China`s real GDP will grow by 6.1%, the real GDP of the euro area will grow by 0.9%.
Unit:%
2023 Global Economic Growth Forecast Compiled Chart
| IMF 2023.04 (2023.01) | UN 2023.05 (2023.01) | S&P Global 2023.05 (2023.04) | OECD 2023.03 (2022.11) | EIU 2023.05 (2023.04) | WB 2023.01 (2022.06) |
region | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 |
Global |
2.8 |
3.0 |
2.3 |
2.5 |
2.3 |
2.6 |
2.6 |
2.9 |
2.2 |
2.5 |
1.7 |
2.7 |
(2.9) |
(3.1) |
(1.9) |
(2.7) |
(2.3) |
(2.7) |
(2.2) |
(2.7) |
(2.1) |
(2.4) |
(3.0) |
(3.0) |
USA |
1.6 |
1.1 |
1.1 |
1.0 |
1.2 |
0.9 |
1.5 |
0.9 |
1.0 |
1.0 |
0.5 |
1.6 |
(1.4) |
(1.0) |
(0.4) |
(1.7) |
(1.4) |
(1.5) |
(0.5) |
(1.0) |
(1.0) |
(1.0) |
(2.4) |
(2.0) |
JAPAN |
1.3 |
1.0 |
1.2 |
1.0 |
1.0 |
1.2 |
1.4 |
1.1 |
1.1 |
1.2 |
1.0 |
0.7 |
(1.8) |
(0.9) |
(1.5) |
(1.3) |
(1.0) |
(1.2) |
(1.8) |
(0.9) |
(1.0) |
(1.2) |
(1.3) |
(0.6) |
EURO |
0.8 |
1.4 |
0.9 |
1.4 |
0.9 |
1.1 |
0.8 |
1.5 |
0.8 |
1.5 |
0.0 |
1.6 |
(0.7) |
(1.6) |
(0.1) |
(1.6) |
(0.8) |
(1.1) |
(0.5) |
(1.4) |
(0.7) |
(1.5) |
(1.9) |
(1.9) |
CHINA |
5.2 |
4.5 |
5.3 |
4.5 |
5.5 |
5.3 |
5.3 |
4.9 |
6.1 |
4.9 |
4.3 |
5.0 |
(5.2) |
(4.5) |
(4.8) |
(4.5) |
(5.3) |
(5.5) |
(4.6) |
(4.1) |
(5.7) |
(4.7) |
(5.2) |
(5.1) |
World Trade
|
2.4 |
3.5 |
2.3 |
3.6 |
- |
- |
- |
- |
2.2 |
3.2 |
1.6 |
3.4 |
(2.4) |
(3.4) |
(-0.4) |
(2.5) |
(-) |
(-) |
(2.9) |
(3.8) |
(2.1) |
(3.2) |
(4.3) |
(3.8) |
|
Note:( )advance estimate.
Source:
- IMF:World Economic Outlook(April 11th 2023)
- UN:World Economic Situation and Prospects 2023(May 16th 2023)
- S&P Gkibak(May 1st 2023)
- OECD:OECD Economic Outlook(March 17nd 2023)
- EIU:One-click Report: World (forecast closing date:May 15th 2023)
- WB:Global Economic Prospects(January 2023)
- Organized by the Department of Industrial Development of the Taiwan Institute of Economic Research.
Taiwan Economic Overview
Key domestic economic indicators in 2023Q1:The real GDP grew by -2.87%.The value of export orders is US$136.22 billion, a year-on-year decrease of 21.32%.The total export value is 97.75 billion US dollars, a year-on-year decrease of19.16%.The industrial production index and manufacturing industry production index climbed to 112.02 and 113.56, respectively. This represents a year-on-year decrease of 14.72% and 15.39%.
Taiwan Econ Overview
Indicator | Statistical interval | Data | YoY |
GDP (%) |
22023Q1 |
-2.87 |
— |
Export Orders (US$ billion) |
22023Q1 |
136.22 |
▼21.32% |
Custom Exports (US$ billion) |
22023Q1 |
97.75 |
▼19.16% |
Industrial Production Index in Taiwan |
22023Q1 |
112.02 |
▼14.72% |
Taipei Econ Overview
As of the end of March 2023, a total of 235,898 businesses were registered in Taipei City. This number declines by 979 compared to the previous year, which represents a year-on-year declines of 0.41%. The capital of enterprises in Taipei City reached 14.18 trillion, an increase of 3.21% over the same period last year. The number of registered factories in Taipei City reached 968, an annual declines of 1.33%.
The number of he Profit-seeking Enterprise in Taipei City is 244,696 and the amount of the Profit-seeking Enterprise Income are 2.55 trillion, an annual decrease of 3.05%. The tertiary industry had a sales volume of 2.06 trillion, an annual decrease of 2.79%. Approved foreign investments in Taipei City amount to US$ 2.061 billion, an annual decrease of 61.52%. The number of newly established foreign companies in Taipei City is 45, an increase of 12.50% over the same period last year.
Taiwan Econ Overview
Indicator | Statistical interval | Data | YoY |
Industry & Business Registration (Number) |
March 2023 (bottom value) |
235,898 |
▼0.41% |
Total Capital of Companies Registered (NT$ trillion) |
March 2023 (bottom value) |
14.18 |
▲3.21% |
Factory Registration (Number) |
March 2023 (bottom value) |
968 |
▼1.33% |
The Number of the Profit-seeking Enterprise (Number) |
March 2023 (bottom value) |
244,696 |
▲0.88% |
The Amount of the Profit-seeking Enterprise Income (NT$ trillion) |
Jan.-Mar. 2023 (Cumulative value) |
2.55 |
▼3.05% |
Sales of Tertiary Industry (NT$ trillion) |
Jan.-Mar. 2023 (Cumulative value) |
2.06 |
▼2.79% |
Foreign Direct Investment (US$ hundred million) |
Jan.-Mar. 2023 (Cumulative value) |
20.61 |
▲61.52% |
Number of Newly Established Foreign Companies (Number) |
Jan.-Mar. 2023 (Cumulative value) |
45 |
▼12.50% |