Contact Information : Economic Forecast Section, Department of Statistics, Directorate General of Budget, Accounting & Statistics (DGBAS)

Tel : 886-2-2380-3487

Tel : 886-2-2380-3487

**November 27, 2015 Taiwan's real gross domestic product (GDP) contracted by 0.63% from the same quarter of the previous year in 2015Q3, according to the latest preliminary estimation by DGBAS. The GDP is predicted to grow 1.06% and 2.32% in 2015 and 2016, respectively.**

**Preliminary Estimation of 2015Q3 GDP and Forecast for 2015**

Taiwan's export plummeted due to the sluggish demand in global consuming electronic products, the crowding out effects from the expanded supply chain in Mainland China and the falling prices of crude oil. Coupling with weak domestic demand, Taiwan's GDP was estimated to decrease by 0.63% in 2015Q3, compared to the same quarter of 2014. In the meantime, the real GDP growth rates of 2015Q1 and Q2 were revised to 4.04% and 0.57% (formerly 3.84% and 0.52%).

Looking forward, Taiwan's GDP will be expected to grow by 0.49% in 2015Q4. Incorporating the previous three quarters, real GDP will grow by 1.06% in 2015. CPI is predicted to decline by 0.31%.

**Outlook for 2016**

The world economy is anticipated to have a better performance in 2016, which will sustain Taiwan's export growth. Combining with the domestic demand, real GDP will grow by 2.32% in 2016. CPI will increase by 0.84%.

**Revision for the 2013 and 2014 National Accounts**

DGBAS also released the annual revision of the 2013 and 2014 national accounts. The yearly GDP growth rates were revised to 2.20% (original 2.23%) for 2013 and 3.92% (3.77%) for 2014.

**Full text and tables (PDF)**

**【Attachment】**

- Table 1-1 Gross Domestic Product and Economic Growth Rate (EXCEL) (ODF)
- Table 1-2 GDP、GNI and NI (EXCEL) (ODF)
- Table 2 Changes in Prices (EXCEL) (ODF)
- Table 3-1 Expenditures on Gross Domestic Product : At Current Prices (EXCEL) (ODF)
- Table 3-2 Expenditures on Gross Domestic Product : Composition at Current Prices (EXCEL) (ODF)
- Table 3-3 Expenditures on Gross Domestic Product : Growth Rates In Chained Volume Indexes(yoy) (EXCEL) (ODF)
- Table 3-4 Expenditures on Gross Domestic Product : Contributions to Economic Growth Rate(yoy) (EXCEL) (ODF)
- Table 4-1 Gross Domestic Product by Kind of Activity : At Current Prices (EXCEL) (ODF)
- Table 4-2 Gross Domestic Product by Kind of Activity : Composition at Current Prices (EXCEL) (ODF)
- Table 4-3 Gross Domestic Product by Kind of Activity : Growth Rates In Chained Volume Indexes(yoy) (EXCEL) (ODF)
- Table 4-4 Gross Domestic Product by Kind of Activity : Contributions to Economic Growth Rate (EXCEL) (ODF)
- Table 5 Gross National Savings and Gross Domestic Investment (EXCEL) (ODF)
- Table 6 Exports and Imports (EXCEL) (ODF)
- Table 7-1 Gross Domestic Product and Factor Incomes : At Current Prices (EXCEL) (ODF)
- Table 7-2 Growth Rates in Gross Domestic Product and Factor Incomes : At Current Prices (ODF)
- Table 7-3 Composition of Gross Domestic Product and Factor Incomes : At Current Prices (EXCEL) (ODF)
- Table 8 Gross Domestic Product and Gross Fixed Captial Formation of the ICT Industry (EXCEL) (ODF)
- Table 9-1 Expenditures on GDP, Seasonally Adjusted : Chained dollars (Reference year = 2011) (EXCEL) (ODF)
- Table 9-2 Expenditures on GDP, Seasonally Adjusted : Growth Rates (EXCEL) (ODF)
- Table 10 Indicators for Private Final Consumption Expenditure (EXCEL) (ODF)
- Table 11 Indicators for Private Gross Fixed Capital Formation (EXCEL) (ODF)
- Table 12 Major Indicators of Consumer Banking (EXCEL) (ODF)
- Table 13 Economic Growth Rates of Major Countries (EXCEL) (ODF)
- Table 14 The Changes of Consumer Price Indices for Major Countries (EXCEL) (ODF)
- Table 15 Summary of Earning and Productivity Statistics in Taiwan Area (EXCEL) (ODF)

Tel：886-2-2380-3600

Total employment in October 2015 was 11,225,000, which increased by 12,000(+0.10%) and 105,000 (+0.95%) from the previous month and that of the previous year, respectively.

The unemployment rate in October 2015 was 3.90 percent, a slightly increase of 0.01 percentage points from the previous month; however, the seasonally adjusted unemployment rate remained the same at 3.79 percent in October 2015. The number of unemployed persons was 455,000 in October 2015, which increased by 1,000(+0.25%) from the previous month; in contrast, it decreased by 2,000(-0.43%) from that of the previous year.

Labor force participation rate was 58.73 percent in October 2015, which rose by 0.01 and 0.09 percentage points from the previous month and that of the previous year, respectively.

- Table 1. Important Indicators Based on Manpower Survey Results (EXCEL) (ODS)
- Table 2. Important Results of Manpower Survey in Seasonally Adjusted Series (EXCEL) (ODS)
- Table 3. Labor Force Participation Rate by Educational Attainment (EXCEL) (ODS)
- Table 4. Labor Force Participation Rate by Age (EXCEL) (ODS)
- Table 5. Employed Persons by Industry (EXCEL) (ODS)
- Table 6. Employed Persons by Occupation (EXCEL) (ODS)
- Table 7. Employed Persons by Class of Worker (EXCEL) (ODS)
- Table 8. Unemployed Persons, by Reason Why in Unemployment (EXCEL) (ODS)
- Table 9. Unemployment Rate by Educational Attainment (EXCEL) (ODS)
- Table10. Unemployment Rate by age (EXCEL) (ODS)
- Table11. Persons Not in the Labor Force by Reason Why Not (EXCEL) (ODS)

Tel : 886-2-2380-3449

The CPI in October 2015 was 105.19 (2011=100) which increased 0.09% from the preceding month and went up 0.31% compared with the same month of 2014. The WPI was 86.48 (2011=100) which decreased 0.89% from the preceding month and moved down 8.47% compared with the same month of 2014.

Full text : (PDF)

【Attachment】

Table1 The Changes of Consumer Price Indices (EXCEL)(ODF)

Table2 The Changes of Wholesale Price Indices (EXCEL) (ODF)

Table3 The Changes of Import Price Indices (EXCEL) (ODF)

Table4 The Changes of Export Price Indices (EXCEL) (ODF)

Contact Information : Economic Forecast Section, Department of Statistics, Directorate General of Budget, Accounting & Statistics (DGBAS)

Tel : 886-2-2380-3487

Tel : 886-2-2380-3487

**The real gross domestic product (GDP) increased by 0.21% on a quarter-on-quarter seasonally-adjusted annualized basis(saar), and contracted by 1.01% on a year-on-year basis(yoy) in 2015Q3, according to the advance estimate by DGBAS.**

**Full text and tables (PDF)**

Tel：886-2-2380-3600

Total employment in September 2015 was 11,213,000, which decreased by 17,000(-0.15%) from the previous month; in contrast, it increased by 114,000 (+1.03%) from that of the previous year.

The unemployment rate in September 2015 was 3.89 percent, a slightly decrease of 0.01 percentage points from the previous month; however, the seasonally adjusted unemployment rate rose by 0.05 percentage points to 3.79 percent in September 2015. The number of unemployed persons was 454,000 in September 2015, which decreased by 2,000(-0.45%) and 4,000(-0.91%) from the previous month and that of the previous year, respectively.

Labor force participation rate was 58.72 percent in September 2015, which dropped by 0.13 percentage points from the previous month; in contrast, it rose by 0.15 percentage points from that of the previous year.

- Table 1. Important Indicators Based on Manpower Survey Results (EXCEL) (ODS)
- Table 2. Important Results of Manpower Survey in Seasonally Adjusted Series (EXCEL) (ODS)
- Table 3. Labor Force Participation Rate by Educational Attainment (EXCEL) (ODS)
- Table 4. Labor Force Participation Rate by Age (EXCEL) (ODS)
- Table 5. Employed Persons by Industry (EXCEL) (ODS)
- Table 6. Employed Persons by Occupation (EXCEL) (ODS)
- Table 7. Employed Persons by Class of Worker (EXCEL) (ODS)
- Table 8. Unemployed Persons, by Reason Why in Unemployment (EXCEL) (ODS)
- Table 9. Unemployment Rate by Educational Attainment (EXCEL) (ODS)
- Table10. Unemployment Rate by age (EXCEL) (ODS)
- Table11. Persons Not in the Labor Force by Reason Why Not (EXCEL) (ODS)

Tel : 886-2-2380-3449

The CPI in September 2015 was 105.09 (2011=100) which increased 0.68% from the preceding month and went up 0.28% compared with the same month of 2014. The WPI was 87.46 (2011=100) which increased 0.09% from the preceding month and moved down 8.57% compared with the same month of 2014.

Full text : (PDF)

【Attachment】

Table1 The Changes of Consumer Price Indices (EXCEL)(ODF)

Table2 The Changes of Wholesale Price Indices (EXCEL) (ODF)

Table3 The Changes of Import Price Indices (EXCEL) (ODF)

Table4 The Changes of Export Price Indices (EXCEL) (ODF)

Tel：886-2-2380-3600

Total employment in August 2015 was 11,230,000, which increased by 19,000(+0.17%) and 120,000(+1.08%) from the previous month and that of the previous year, respectively.

The unemployment rate in August 2015 was 3.90 percent, an increase of 0.08 percentage points from the previous month, however, the seasonally adjusted unemployment rate remained the same at 3.74 percent in August 2015. The number of unemployed persons was 456,000 in August 2015, which increased by 11,000(+2.41%) from the previous month, in contrast, it decreased by 17,000(-3.60%) from that of the previous year.

Labor force participation rate was 58.85 percent in August 2015, which rose by 0.11 and 0.12 percentage points from the previous month and that of the previous year, respectively.

- Table 1. Important Indicators Based on Manpower Survey Results (EXCEL) (ODS)
- Table 2. Important Results of Manpower Survey in Seasonally Adjusted Series (EXCEL) (ODS)
- Table 3. Labor Force Participation Rate by Educational Attainment (EXCEL) (ODS)
- Table 4. Labor Force Participation Rate by Age (EXCEL) (ODS)
- Table 5. Employed Persons by Industry (EXCEL) (ODS)
- Table 6. Employed Persons by Occupation (EXCEL) (ODS)
- Table 7. Employed Persons by Class of Worker (EXCEL) (ODS)
- Table 8. Unemployed Persons, by Reason Why in Unemployment (EXCEL) (ODS)
- Table 9. Unemployment Rate by Educational Attainment (EXCEL) (ODS)
- Table10. Unemployment Rate by age (EXCEL) (ODS)
- Table11. Persons Not in the Labor Force by Reason Why Not (EXCEL) (ODS)

Tel：886-2-2380-3625

In July 2015, the total nonagricultural payroll employment, at 7,412 thousand, increased by 43 thousand (or 0.59%) than last month. In comparison with July 2014, payroll employees increased by 107 thousand (or 1.47%). The average employment since January 2015 was 7,363 thousand, increased by 127 thousand (or 1.75%) than the same period of last year. The average monthly hours of work in July 2015 was 186.6 hours, increased by 9.3 hours from last month and decreased by 1.3 hours from the same month of last year. Since January 2015, the average working hours was 172.7 hours, 1.7 hours less than the same period of last year. The average regular earnings in July 2015 was NT$38,851, 0.05% more than last month and 0.84% more than the same month of last year. Average monthly earnings in July was NT$46,922, which was 5.25% more than last month and 2.26% more than the same month of last year. The average regular earnings since January 2015 was NT$38,591, which was 1.43% more than the same period of last year. The average monthly earnings since January 2015 was NT$51,454, increased by 3.53 percent than the same period of last year.

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