TaipeiEcon
Inventory of all articles of TaipeiEcon
Inventory of all articles of TaipeiEcon
Comprehensive analysis of the International Economic Outlook, Taiwan Economic Overview, and Taipei Econ Overview in the 2023Q3.
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 2.4 ％, Japan's real GDP will grow by 2.0％, China`s real GDP will grow by 5.6％, the real GDP of the euro area will grow by 0.9％.
Unit：%
| IMF 2023.10 (2023.07) | UN 2023.05 (2023.01) | S&P Global 2023.11 (2023.10) | OECD 2023.09 (2023.06) | EIU 2023.08 (2023.07) | WB 2023.06 (2023.01) | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| region | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 |
| Global |
3.0 | 2.9 | 2.3 | 2.5 | 2.6 | 2.3 | 3.0 | 2.7 | 2.5 | 2.2 | 2.1 | 2.4 |
| (3.0) | (3.0) | (1.9) | (2.7) | (2.6) | (2.3) | (2.7) | (2.9) | (2.3) | (2.2) | (1.7) | (2.7) | |
| USA |
2.1 | 1.5 | 1.1 | 1.0 | 2.4 | 1.4 | 2.2 | 1.3 | 2.4 | 0.9 | 1.1 | 0.8 |
| (1.8) | (1.0) | (0.4) | (1.7) | (2.5) | (1.6) | (1.6) | (1.0) | (2.0) | (0.8) | (0.5) | (1.6) | |
| JAPAN |
2.0 | 1.0 | 1.2 | 1.0 | 1.8 | 1.1 | 1.8 | 1.0 | 2.0 | 1.4 | 0.8 | 0.7 |
| (1.4) | (1.0) | (1.5) | (1.3) | (1.7) | (0.9) | (1.3) | (1.1) | (2.0) | (1.1) | (1.0) | (0.7) | |
| EURO |
0.7 | 1.2 | 0.9 | 1.4 | 0.5 | 0.5 | 0.6 | 1.1 | 0.7 | 1.0 | 0.4 | 1.3 |
| (0.9) | (1.5) | (0.1) | (1.6) | (0.5) | (0.5) | (0.9) | (1.5) | (0.7) | (1.0) | (0.0) | (1.6) | |
| CHINA |
5.0 | 4.2 | 5.3 | 4.5 | 5.2 | 4.7 | 5.1 | 4.6 | 5.5 | 4.8 | 5.6 | 4.6 |
| (5.2) | (4.5) | (4.8) | (4.5) | (5.0) | (4.6) | (5.4) | (5.1) | (5.2) | (4.8) | (4.3) | (5.0) | |
| WORLD TRADE | 0.9 | 3.5 | 2.3 | 3.6 | - | - | - | - | 0.7 | 2.7 | 1.7 | 2.8 |
| (2.0) | (3.7) | (-0.4) | (2.5) | (-) | (-) | (1.6) | (3.8) | (0.7) | (2.7) | (1.6) | (3.4) | |
Note：( )advance estimate.
Source：
- IMF：World Economic Outlook（October 10th 2023）
- UN：World Economic Situation and Prospects at of mid-2023（May 16th 2023）
- S&P Global（Novermber 15st 2023）
- OECD：OECD Economic Outlook（September 2023）
- EIU：One-click Report: World （forecast closing date：November 13th 2023）
- WB：Global Economic Prospects（June 2023）
- Organized by the Department of Industrial Development of the Taiwan Institute of Economic Research.
Key domestic economic indicators in 2023Q3：The real GDP increase by 2.32％.The value of export orders is US$145.16 billion, a year-on-year decrease of 14.50％.The total export value is 114.90 billion US dollars, a year-on-year decrease of 5.08％.The industrial production index and manufacturing industry production index climbed to 88.63 and 87.75, respectively. This represents a year-on-year decrease of 11.06％ and 11.37％.
| Indicator | Statistical interval | Data | YoY |
|---|---|---|---|
| GDP (％) | 22023Q3 | 2.32 | — |
| Export Orders (US$ billion) |
22023Q3 | 145.16 | ▼14.50％ |
| Custom Exports (US$ billion) |
22023Q3 | 114.90 | ▼5.08％ |
| Industrial Production Index in Taiwan | 22023Q3 | 88.63 | ▼11.06％ |
As of the end of September 2023, a total of 238,442 businesses were registered in Taipei City. This number increased by 3,320 compared to the previous year, representing a year-on-year increase of 1.41%. The capital of enterprises in Taipei City reached 14.67 trillion, an increase of 4.81% over the same period last year. The number of registered factories in Taipei City reached 937, an annual decline of 4.39%.
The number of Profit-seeking Enterprises in Taipei City is 247,629 and the amount of Profit-seeking Enterprise Income is 2.95 trillion, an annual increase of 3.13%. The tertiary industry had a sales volume of 2.35 trillion, an annual increase of 2.55%. Approved foreign investments in Taipei City amounted to US$ 7.16 billion, an annual decrease of 11.54%. The number of newly established foreign companies in Taipei City is 53, a decrease of 13.11% over the same period last year.
| Indicator | Statistical interval | Data | YoY |
|---|---|---|---|
| Industry & Business Registration (Number) |
Sep 2023 (bottom value) |
238,442 | ▲1.41% |
| Total Capital of Companies Registered (NT$ trillion) |
Sep 2023 (bottom value) |
14.67 | ▲4.81% |
| Factory Registration (Number) |
Sep 2023 (bottom value) |
937 | ▼4.39% |
| The Number of the Profit-seeking Enterprise (Number) |
Sep 2023 (bottom value) |
247,629 | ▲1.53％ |
| The Amount of the Profit-seeking Enterprise Income (NT$ trillion) |
Jul. - Sep. 2023 (Cumulative value) |
2.95 | ▲3.13% |
| Sales of Tertiary Industry (NT$ trillion) |
Jul. - Sep. 2023 (Cumulative value) |
2.35 | ▲2.55% |
| Foreign Direct Investment (US$ hundred million) |
Jul. - Sep. 2023 (Cumulative value) |
7.16 | ▼11.54% |
| Number of Newly Established Foreign Companies (Number) |
Jul. - Sep. 2023 (Cumulative value) |
53 | ▼13.11% |