Summary of current season's economic situation analysis —2023Q4 - 臺北產經資訊網

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：%

Note：( )advance estimate.

Source：

1. IMF：World Economic Outlook（January 30^th 2024）
2. UN：World Economic Situation and Prospects 2024（January 04^th 2024）
3. S&P Global（Febuary 15^st 2024）
4. OECD：OECD Economic Outlook（November 29^th 2023）
5. EIU：One-click Report: World （forecast closing date：Febriaru 13^th 2023）
6. WB：Global Economic Prospects（January 2024）
7. Organized by the Department of Industrial Development of the Taiwan Institute of Economic Research.

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%.

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.