2023-10-04
Summary of current season's economic situation analysis —2023Q2
Comprehensive analysis of the International Economic Outlook, Taiwan Economic Overview, and Taipei Econ Overview in the 2023Q2.
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 1.8 %, Japan's real GDP will grow by 1.4%, China`s real GDP will grow by 5.6%, the real GDP of the euro area will grow by 0.9%.
Unit:%
2023 Global Economic Growth Forecast Compiled Chart
| IMF 2023.07 (2023.04) | UN 2023.05 (2023.01) | S&P Global 2023.08 (2023.07) | OECD 2023.06 (2023.03) | EIU 2023.08 (2023.07) | WB 2023.06 (2022.01) |
region | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 |
Global
|
3.0 |
3.0 |
2.3 |
2.5 |
2.5 |
2.4 |
2.7 |
2.9 |
2.3 |
2.4 |
2.1 |
2.4 |
(3.0) |
(3.0) |
(1.9) |
(2.7) |
(2.4) |
(2.4) |
(2.6) |
(2.9) |
(2.2) |
(2.4) |
(1.7) |
(2.7) |
USA
|
1.8 |
1.0 |
1.1 |
1.0 |
2.2 |
1.4 |
1.6 |
1.0 |
1.8 |
0.9 |
1.1 |
0.8 |
(1.6) |
(1.1) |
(0.4) |
(1.7) |
(1.8) |
(1.2) |
(1.5) |
(0.9) |
(1.3) |
(0.8) |
(0.5) |
(1.6) |
JAPAN
|
1.4 |
1.0 |
1.2 |
1.0 |
1.3 |
0.9 |
1.3 |
1.1 |
1.3 |
1.1 |
0.8 |
0.7 |
(1.3) |
(1.0) |
(1.5) |
(1.3) |
(1.3) |
(1.0) |
(1.4) |
(1.1) |
(1.3) |
(1.1) |
(1.0) |
(0.7) |
EURO
|
0.9 |
1.5 |
0.9 |
1.4 |
0.7 |
0.7 |
0.9 |
1.5 |
0.9 |
1.3 |
0.4 |
1.3 |
(0.8) |
(1.4) |
(0.1) |
(1.6) |
(0.7) |
(0.8) |
(0.8) |
(1.5) |
(0.8) |
(1.4) |
(0.0) |
(1.6) |
CHINA
|
5.2 |
4.5 |
5.3 |
4.5 |
5.2 |
4.8 |
5.4 |
5.1 |
5.2 |
5.1 |
5.6 |
4.6 |
(5.2) |
(4.5) |
(4.8) |
(4.5) |
(5.2) |
(4.8) |
(5.3) |
(4.9) |
(5.5) |
(5.0) |
(4.3) |
(5.0) |
WORLD TRADE |
2.0 |
3.7 |
2.3 |
3.6 |
- |
- |
1.6 |
3.8 |
1.6 |
3.2 |
1.7 |
2.8 |
(2.4) |
(3.5) |
(-0.4) |
(2.5) |
(-) |
(-) |
(-) |
(-) |
(1.9) |
(3.1) |
(1.6) |
(3.4) |
Note:( )advance estimate.
Source:
- IMF:World Economic Outlook(July 25th 2023)
- UN:World Economic Situation and Prospects 2023(May 16th 2023)
- S&P Gkibak(August 15st 2023)
- OECD:OECD Economic Outlook(June 7th 2023)
- EIU:One-click Report: World (forecast closing date:August 14th 2023)
- WB:Global Economic Prospects(June 2023)
- Organized by the Department of Industrial Development of the Taiwan Institute of Economic Research.
Taiwan Economic Overview
Key domestic economic indicators in 2023Q2:The real GDP increase by 1.36%.The value of export orders is US$132.35 billion, a year-on-year decrease of 20.35%.The total export value is 104.39 billion US dollars, a year-on-year decrease of 16.95%.The industrial production index and manufacturing industry production index climbed to 81.86 and 81.13, respectively. This represents a year-on-year decrease of 18.29% and 18.91%.
Taiwan Econ Overview
Indicator | Statistical interval | Data | YoY |
GDP (%) |
22023Q2 |
1.36 |
— |
Export Orders (US$ billion) |
22023Q2 |
132.35 |
▼20.35% |
Custom Exports (US$ billion) |
22023Q2 |
104.39 |
▼16.95% |
Industrial Production Index in Taiwan |
22023Q2 |
81.86 |
▼18.29% |
Taipei Econ Overview
As of the end of June 2023, a total of 237,320 businesses were registered in Taipei City. This number increases by 1,276 compared to the previous year, which represents a year-on-year increases of 0.54%. The capital of enterprises in Taipei City reached 14.46 trillion, an increase of 4.62% over the same period last year. The number of registered factories in Taipei City reached 958, an annual declines of 2.44%.
The number of he Profit-seeking Enterprise in Taipei City is 246,436 and the amount of the Profit-seeking Enterprise Income are 5.18 trillion, an annual decrease of 0.45%. The tertiary industry had a sales volume of 4.18 trillion, an annual decrease of 0.36%. Approved foreign investments in Taipei City amount to US$ 3.29 billion, an annual decrease of 7.13%. The number of newly established foreign companies in Taipei City is 62, an increase of 8.77% over the same period last year.
Taiwan Econ Overview
Indicator | Statistical interval | Data | YoY |
Industry & Business Registration (Number) |
June 2023 (bottom value) |
237,320 |
▲0.54% |
Total Capital of Companies Registered (NT$ trillion) |
June 2023 (bottom value) |
14.46 |
▲4.62% |
Factory Registration (Number) |
June 2023 (bottom value) |
958 |
▼2.44% |
The Number of the Profit-seeking Enterprise (Number) |
June 2023 (bottom value) |
246,436 |
▲1.23% |
The Amount of the Profit-seeking Enterprise Income (NT$ trillion) |
Apr.-Jun. 2023 (Cumulative value) |
5.18 |
▼0.45% |
Sales of Tertiary Industry (NT$ trillion) |
Apr.-Jun 2023 (Cumulative value) |
4.18 |
▼0.36% |
Foreign Direct Investment (US$ hundred million) |
Apr.-Jun 2023 (Cumulative value) |
32.90 |
▲7.13% |
Number of Newly Established Foreign Companies (Number) |
Apr.-Jun 2023 (Cumulative value) |
62 |
▲8.77% |