Public Debt in Taiwan

Taiwan Public Debt | Economic News & Forecasts

Taiwan - Public Debt

All available data indicates the economy continued to weaken markedly in the fourth quarter after starting to slow in the third quarter. This loss of momentum is most likely to persist into 2019, as the country grapples with the impact of a slowdown in China and heightened trade frictions. The manufacturing PMI entered contractionary territory in October and continued to weaken throughout the quarter, weighed notably by lower new demand as a direct result of the U.S.-China trade war. Consumer confidence also fell every month in the quarter. Meanwhile, export growth was nearly flat year-on-year in Q4 as Taiwan’s flagship trade sector suffered both from lower Asian demand and from a downturn in the tech cycle, notably for smartphones. Export order data for November also signals the sector will likely remain weak in Q1. On 11 January, Parliament approved the government’s TWD 2.0 trillion budget for 2019. On the political front, tensions with mainland China escalated in recent weeks after Xi Jinping’s declaration on 2 January that China would not discount the use of military force to complete reunification with the island. Unsurprisingly, this drew a swift rebuke from President Tsai.

Taiwan - Public Debt Data

2013  2014  2015  2016  2017  
Public Debt (% of GDP)33.8  32.8  31.6  31.2  30.7  

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Taiwan Facts

ValueChangeDate
Bond Yield0.871.28 %Jan 30
Exchange Rate30.720.07 %Jan 30
Stock Market9,9320.37 %Jan 30

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