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Summary of current season's economic situation analysis —2023Q2 - 臺北產經資訊網

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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.

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:

  1. IMF:World Economic Outlook(July 25th 2023)
  2. UN:World Economic Situation and Prospects 2023(May 16th 2023)
  3. S&P Gkibak(August 15st 2023)
  4. OECD:OECD Economic Outlook(June 7th 2023)
  5. EIU:One-click Report: World (forecast closing date:August 14th 2023)
  6. WB:Global Economic Prospects(June 2023)
  7. 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.

Taipei 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%
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