2024-04-23
Summary of current season's economic situation analysis —2023Q4
Comprehensive analysis of the International Economic Outlook, Taiwan Economic Overview, and Taipei Econ Overview in the 2023Q3.
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 2024: U.S. real GDP will grow by 2.4%, Japan's real GDP will grow by 1.4%, China`s real GDP will grow by 4.7%, the real GDP of the euro area will grow by 1.1%.
Unit:%
2023 Global Economic Growth Forecast Compiled Chart
| IMF 2024.01 (2023.10) | UN 2024.01 (2023.10) | S&P Global 2024.02 (2024.01) | OECD 2023.11 (2023.09) | EIU 2024.02 (2024.01) | WB 2024.01 (2023.06) |
region | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 |
Global
|
3.1 |
3.2 |
2.4 |
2.7 |
2.5 |
2.6 |
2.7 |
3.0 |
2.4 |
2.6 |
2.4 |
2.7 |
(2.9) |
(3.2) |
(2.5) |
(-) |
(2.3) |
(2.6) |
(2.7) |
(-) |
(2.3) |
(2.6) |
(2.4) |
(3.0) |
USA
|
2.1 |
1.7 |
1.4 |
1.7 |
2.4 |
1.6 |
1.5 |
1.7 |
1.8 |
1.6 |
1.6 |
1.7 |
(1.5) |
(1.8) |
(1.9) |
(-) |
(1.7) |
(1.5) |
(1.3) |
(-) |
(1.3) |
(1.6) |
(0.8) |
(2.3) |
JAPAN
|
0.9 |
0.8 |
1.2 |
1.1 |
0.7 |
1.1 |
1.0 |
1.2 |
1.4 |
1.2 |
0.9 |
0.8 |
(1.0) |
(0.6) |
(0.9) |
(-) |
(0.7) |
(1.1) |
(1.0) |
(-) |
(1.4) |
(1.2) |
(0.7) |
(0.6) |
EURO
|
0.9 |
1.7 |
1.1 |
1.5 |
0.5 |
1.5 |
0.9 |
1.5 |
0.8 |
1.6 |
0.7 |
1.6 |
(1.2) |
(1.8) |
(1.2) |
(-) |
(0.4) |
(1.5) |
(1.1) |
(-) |
(0.8) |
(1.6) |
(1.3) |
(2.3) |
CHINA
|
4.6 |
4.1 |
4.7 |
4.5 |
4.7 |
4.5 |
4.7 |
4.2 |
4.7 |
4.4 |
4.5 |
4.3 |
(4.2) |
(4.1) |
(4.8) |
(-) |
(4.7) |
(4.5) |
(4.6) |
(-) |
(4.9) |
(4.4) |
(4.6) |
(4.4) |
WORLD TRADE |
3.3 |
3.6 |
2.4 |
3.2 |
- |
- |
2.7 |
3.3 |
2.4 |
3.3 |
2.3 |
3.1 |
(3.5) |
(3.7) |
(-) |
(-) |
(-) |
(-) |
(-) |
(-) |
(2.4) |
(3.4) |
(2.8) |
(3.0) |
Note:( )advance estimate.
Source:
- IMF:World Economic Outlook(January 30th 2024)
- UN:World Economic Situation and Prospects 2024(January 04th 2024)
- S&P Global(Febuary 15st 2024)
- OECD:OECD Economic Outlook(November 29th 2023)
- EIU:One-click Report: World (forecast closing date:Febriaru 13th 2023)
- WB:Global Economic Prospects(January 2024)
- Organized by the Department of Industrial Development of the Taiwan Institute of Economic Research.
Taiwan Economic Overview
Key Domestic Economic Indicators in 2023: The real GDP grew by 1.31%. The value of export orders reached US$561.04 billion, marking a year-on-year decrease of 15.86%. Total exports were valued at US$432.48 billion, reflecting a year-on-year decline of 9.79%. The industrial production index and the manufacturing industry production index increased to 86.11 and 85.56, respectively, indicating a year-on-year decrease of 12.45% and 12.88%.
Taiwan Econ Overview
Indicator | Statistical interval | Data | YoY |
GDP (%) |
2023 |
1.31 |
— |
Export Orders (US$ billion) |
2023 |
561.04 |
▼15.86% |
Custom Exports (US$ billion) |
2023 |
432.48 |
▼9.79% |
Industrial Production Index in Taiwan |
2023 |
86.11 |
▼12.45% |
Taipei Econ Overview
As of December 2023, a total of 239,835 businesses were registered in Taipei City. This represents an increase of 4,709 businesses from the previous year, marking a year-on-year growth of 2.00%. The registered capital of enterprises in Taipei City reached 14.72 trillion, up by 4.09% over the same period last year. The number of registered factories in Taipei City stood at 920, showing an annual decrease of 5.35%.
The number of profit-seeking enterprises in Taipei City amounted to 249,209, with total income from these enterprises reaching 17.13 trillion, an annual increase of 0.30%. The tertiary sector reported sales of 13.85 trillion, achieving an annual growth of 3.73%. Approved foreign investments in Taipei City totaled US$90.36 billion, an annual increase of 25.15%. The number of newly established foreign companies in Taipei City was 222, remaining unchanged from the previous year.
Taiwan Econ Overview
Indicator | Statistical interval | Data | YoY |
Industry & Business Registration (Number) |
Dec 2023 (bottom value) |
239,835 |
▲2.00% |
Total Capital of Companies Registered (NT$ trillion) |
Dec 2023 (bottom value) |
14.72 |
▲4.09% |
Factory Registration (Number) |
Dec 2023 (bottom value) |
920 |
▼5.35% |
The Number of the Profit-seeking Enterprise (Number) |
Dec 2023 (bottom value) |
249,209 |
▲1.99% |
The Amount of the Profit-seeking Enterprise Income (NT$ trillion) |
2023 (whole year) |
17.13 |
▲0.30% |
Sales of Tertiary Industry (NT$ trillion) |
2023 (whole year) |
13.85 |
▲3.73% |
Foreign Direct Investment (US$ hundred million) |
2023 (whole year) |
90.36 |
▼25.15% |
Number of Newly Established Foreign Companies (Number) |
2023 (whole year) |
222 |
— |