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Summary of current season's economic situation analysis —2024Q4 - 臺北產經資訊網

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Summary of current season's economic situation analysis —2024Q4

Comprehensive analysis of the International Economic Outlook, Taiwan Economic Overview, and Taipei Econ Overview in the 2024Q4.

International Economic Outlook

According to EIU, IMF, OECD and other institutions to observe the economic growth forecast for the world's major economies in 2025: U.S. real GDP will grow by 2.7%, Japan's real GDP will grow by 1.1%, China's real GDP will grow by 4.8%, the real GDP of the euro area will grow by 1.1%.

Unit:%

2024 Global Economic Growth Forecast Compiled Chart
Region IMF
2025.01
(2024.10)
UN
2025.01
(2024.09)
S&P Global
2025.03
(2025.02)
OECD
2025.03
(2024.12)
EIU
2025.03
(2025.02)
WB
2025.01
(2024.06)
2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025
Global 3.2
(3.2)
3.3
(3.2)
2.8
(2.7)
2.8
(2.7)
2.8
(2.7)
2.5
(2.6)
3.2
(3.2)
3.1
(3.3)
2.6
(2.6)
2.4
(2.6)
2.7
(2.6)
2.7
(2.7)
USA 2.8
(2.8)
2.7
(2.2)
2.8
(2.5)
1.9
(1.7)
2.8
(2.8)
1.9
(2.3)
2.8
(2.8)
2.2
(2.4)
2.8
(2.8)
1.4
(2.1)
2.8
(2.5)
2.3
(1.8)
Japan -0.2
(0.3)
1.1
(1.1)
-0.2
(0.8)
1.0
(1.1)
0.1
(0.1)
1.1
(1.1)
0.1
(-0.3)
1.1
(1.5)
0.1
(-0.2)
0.9
(0.9)
0.0
(0.7)
1.2
(1.0)
Euro Area 0.8
(0.8)
1.0
(1.2)
0.7
(0.8)
1.1
(1.3)
0.8
(0.7)
0.9
(0.9)
0.7
(0.8)
1.0
(1.3)
0.8
(0.8)
1.1
(1.1)
0.7
(0.7)
1.0
(1.4)
China 4.8
(4.8)
4.6
(4.5)
4.9
(4.8)
4.8
(4.5)
5.0
(5.0)
4.2
(4.2)
5.0
(4.9)
4.8
(4.7)
5.0
(5.0)
4.6
(4.6)
4.9
(4.8)
4.5
(4.1)
WORLD TRADE 3.4
(3.1)
3.2
(3.4)
3.4
(-)
3.2
(-)
-
(-)
-
(-)
-
(3.5)
-
(3.6)
2.8
(2.8)
3.0
(3.0)
2.7
(2.5)
3.1
(3.4)

Note:: ( ) advance estimate。
Source:

  1. IMF:World Economic Outlook(January 17th 2025)
  2. UN:World Economic Situation and Prospects January 2025(January 9th 2025)
  3. S&P Global(March 18th 2025)
  4. OECD:OECD Economic Outlook(December 4th 2024)
  5. EIU:One-click Report:World(forecast closing date:March 20th 2025)
  6. WB:Global Economic Prospects(January 2025)
  7. Organized by the Department of Industrial Development of the Taiwan Institute of Economic Research.

Taiwan Economic Overview

Key Domestic Economic Indicators in 2024: The real GDP grew by 4.59%. The value of export orders reached US$589.55 billion, marking a year-on-year increase of 5.08%. Total exports were valued at US$475.07 billion, reflecting a year-on-year increase of 9.86%. The industrial production index and the manufacturing industry production index increased to 95.96 and 95.73, respectively, indicating a year-on-year increase of 11.45% and 11.93%.

Taiwan Econ Overview
Indicator Statistical interval Data YoY
GDP (%) 2024 4.59
Export Orders
(US$ billion)
2024 589.55 ▲5.08%
Custom Exports
(US$ billion)
2024 475.07 ▲9.86%
Industrial Production Index in Taiwan 2024 95.96 ▲11.45%

Taipei Econ Overview

As of the end of December 2024, a total of 242, 546 businesses were registered in Taipei City, reflecting an increase of 2,711 businesses compared to the previous year, with a year-on-year growth rate of 1.13%. The registered capital of enterprises in Taipei City reached 15.42 trillion, which represents an increase of 4.71% over the same period last year. The number of registered factories in Taipei City was 891, indicating an annual decrease of 3.15%.

In terms of operational performance, Taipei City had 251,798 profit-seeking enterprises, which together generated a total revenue of NT$18.39 trillion—an annual increase of 7.36%. Specifically, the tertiary sector (services) recorded total sales of NT$14.92 trillion, representing an annual growth of 7.72%.

Regarding foreign investment, approved foreign investments in Taipei City totaled US$41.51 hundred million, marking a significant annual decrease of 54.34%. Additionally, the number of newly established foreign-owned companies in Taipei City declined to 195, an annual reduction of 12.16%.

Taipei Econ Overview 
Indicator Statistical interval Data YoY
Industry & Business Registration
(Number)
Dec 2024
(bottom value)
242,546 ▲1.13%
Total Capital of Companies Registered
(NT$ trillion)
Dec 2024
(bottom value)
15.42 ▲4.71%
Factory Registration
 (Number)
Dec 2024
(bottom value)
891  ▼3.15%
The Number of the Profit-seeking Enterprise
(Number)
Dec 2024
(bottom value)
251,798 ▲1.04%
The Amount of the Profit-seeking Enterprise Income
 (NT$ trillion)
2024
(whole year)
18.39 ▲7.36%
 Sales of Tertiary Industry
(NT$ trillion)
2024
(whole year)
14.92 ▲7.72%
 Foreign Direct Investment
(US$ hundred million)
2024
(whole year)
41.51  ▼54.34%
 Number of Newly Established Foreign Companies
 (Number)
2024
(whole year)
195 ▼12.16%
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