Tel : 886-2-2380-3449

The CPI in November 2017 was 106.90 (2011=100) which increased 0.24% from the preceding month, and rose 0.35% compared with the same month of 2016. The WPI was 86.54 (2011=100) which increased 0.48% from the preceding month, and rose 1.57% compared with the same month of 2016.

Full text : (PDF)

【Attachment】

Table 1 The Changes of Consumer Price Indices (EXCEL) (ODF)

Table 2 The Changes of Wholesale Price Indices (EXCEL) (ODF)

Table 3 The Changes of Import Price Indices (EXCEL) (ODF)

Table 4 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

**November 24, 2017 Taiwan's real gross domestic product (GDP) grew by 3.10% from the same quarter of the previous year in 2017Q3, according to the latest preliminary estimate. The GDP is predicted to grow 2.58% and 2.29% in 2017 and 2018, respectively.**

**Preliminary Estimate of Real GDP in 2017Q3**

Meanwhile, the economic growth rate of 2017Q1 and Q2 have been revised to 2.64% and 2.28% (formerly 2.66% and 2.13%).

On the demand side, real private final consumption grew by 2.69% (yoy) in 2017Q3, mainly reflected the increase of consumption on transport, financial services and foreign travels.

Real gross capital formation decreased by 10.41% (yoy), a reversal from the 2.10% growth in the previous quarter, mainly due to the sharp decline in machinery and equipment investment, and inventory decrease.

Meanwhile, real exports of goods and services grew robustly by 11.70% (yoy). Imports also increased by 6.94% (yoy).

On the production side, the manufacturing sector grew by 4.47% (yoy) in 2017Q3, following the 3.35% increase in the previous quarter, mainly due to the output expansion of semiconductor and machinery-and-equipment.

The wholesale & retail trade sector and the finance & insurance sector increased by 4.46% (yoy) and 5.15% respectively, after the expansion of 2.96% and 1.70% in the previous quarter.

Better performance on manufacturing activities turned into a higher demand for goods transportation, the transportation & storage sector grew by 6.01% (yoy) in 2017Q3, much faster than the 2.06% growth in the previous quarter.

**Forecast for 2017**

For the whole 2017, real GDP is expected to grow 2.58%, which is revised upwardly by 0.47 percentage point from the forecast in August.

Consumer price Index (CPI) will increase 0.62% in 2017, lower by 0.04 percentage point than the previous forecast, mainly because of the stabilized weather condition keeping domestic food prices steady.

**Outlook for 2018**

Regarding domestic demands, real private consumption will grow stably by 2.08% in 2018. Real private fixed capital formation will grow by 2.83%, driven by the continuing investment of semiconductor industry and government’s promoting measures on business investments and innovations.

Combining with public sector, Taiwan's real GDP is predicted to grow by 2.29% in 2018. CPI will gently increase 0.96%.

**Revision for the 2015 and 2016 National Accounts**

**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 (EXCEL) (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 Economic Growth Rates of Major Countries (EXCEL) (ODF)
- Table 13 The Changes of Consumer Price Indices for Major Countries (EXCEL) (ODF)
- Table 14 Summary of Earning and Productivity Statistics in Taiwan Area (EXCEL) (ODF)

Tel：886-2-2380-3600

Total employment in October 2017 was 11,382,000, which increased by 16,000(+0.10%) from the previous month; moreover, it increased by 91,000 (+0.81%) from that of the previous year.

The unemployment rate decreased by 0.02 percentage points to 3.75 percent in October 2017, the seasonally adjusted unemployment rate also decreased by 0.02 percentage points to 3.69 percent. The number of unemployed persons was 443,000 in October 2017, which decreased by 2,000(-0.40%) and 21,000(-4.49%) from the previous month and that of the previous year, respectively.

Labor force participation rate was 58.91 percent in October 2017, which increased by 0.05 and 0.10 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

i. At the end of September, the total payroll employees was 7,596 thousand, decreased by one thousand or 0.03% from last month. Comparing with the same month of last year, it increased 129 thousand or 1.72%. The average payroll employees since January was 7,540 thousand, increased 103 thousand or 1.39%.

ii. The average total earnings (including regular and irregular earnings) in September was NT$45,814, 1.19% less than last month and 1.35% more than last September.

iii. The average regular earnings was NT$ 40,116 in September, 0.14% more than last month and 2.51% more than last September. The average regular earnings since January 2017 was NT$39,829, 1.75% more than the same period of last year.

iv. The average working hour in September was 176.2 hours, 8.0 hours less than last month and 14.2 hours more than last September. The average working hours since January 2017 was 169.3 hours, increased by 0.3 hours than the same period of last year.

v. The average overtime since January 2017 was 7.9 hours, 0.3 hours less than the same period of last year. The average overtime pay since January 2017 was NT$1,694, 7.15% more than the same period of last year.

Tel : 886-2-2380-3449

The CPI in October 2017 was 106.65 (2011=100) which increased 0.62% from the preceding month, but fell 0.32% compared with the same month of 2016. The WPI was 86.06 (2011=100) which increased 0.47% from the preceding month, and rose 1.58% compared with the same month of 2016.

Full text : (PDF)

【Attachment】

Table 1 The Changes of Consumer Price Indices (EXCEL) (ODF)

Table 2 The Changes of Wholesale Price Indices (EXCEL) (ODF)

Table 3 The Changes of Import Price Indices (EXCEL) (ODF)

Table 4 The Changes of Export Price Indices (EXCEL) (ODF)

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

Tel : 886-2-2380-3466

Tel : 886-2-2380-3466

**Based on the advance estimate by DGBAS, the real gross domestic product (GDP) grew by 7.45% on a quarter-on-quarter seasonally-adjusted annualized basis (saar) and 3.11% on a year-on-year basis (yoy) in 2017Q3.**

**Full text and tables (PDF)**

Tel：886-2-2380-3600

Total employment in September 2017 was 11,366,000, which decreased by 11,000(-0.10%) from the previous month; in contrast, it increased by 90,000 (+0.80%) from that of the previous year.

The unemployment rate decreased by 0.12 percentage points to 3.77 percent in September 2017, the seasonally adjusted unemployment rate also decreased by 0.05 percentage points to 3.71 percent. The number of unemployed persons was 445,000 in September 2017, which decreased by 16,000(-3.43%) and 24,000(-5.12%) from the previous month and that of the previous year, respectively.

Labor force participation rate was 58.83 percent in September 2017, which decreased by 0.15 but increased by 0.07 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

i. At the end of August, the total payroll employees was 7,597 thousand, increased by 10 thousand or 0.14% from last month. Comparing with the same month of last year, it increased 125 thousand or 1.68%. The average payroll employees since January was 7,534 thousand, increased 101 thousand or 1.35%.

ii. The average total earnings (including regular and irregular earnings) in August was NT$46,368, 4.07% less than last month and 1.43% more than last August.

iii. The average regular earnings was NT$ 40,058 in August, 0.45% more than last month and 1.88% more than last August. The average regular earnings since January 2017 was NT$39,793, 1.65% more than the same period of last year.

iv. The average working hour in August was 184.2 hours, 13.2 hours more than last month and 1.1 hours less than last August. The average working hours since January 2017 was 168.5 hours, reduced by 1.4 hours than the same period of last year.

v. The average overtime since January 2017 was 8.0 hours, 0.2 hours less than the same period of last year. The average overtime pay since January 2017 was NT$1,697, 7.41% more than the same period of last year.

Tel : 886-2-2380-3449

The CPI in September 2017 was 105.99 (2011=100) which stayed unchanged from August, and rose 0.50% compared with the same month of 2016. The WPI was 85.39 (2011=100) which increased 0.65% from the preceding month, and rose 1.62% compared with the same month of 2016.

Full text : (PDF)

【Attachment】

Table 1 The Changes of Consumer Price Indices (EXCEL) (ODF)

Table 2 The Changes of Wholesale Price Indices (EXCEL) (ODF)

Table 3 The Changes of Import Price Indices (EXCEL) (ODF)

Table 4 The Changes of Export Price Indices (EXCEL) (ODF)

Tel：886-2-2380-3600

Total employment in August 2017 was 11,377,000, which increased by 17,000(+0.15%) from the previous month; moreover, it also increased by 87,000(+0.77%) from that of the previous year.

The unemployment rate increased by 0.05 percentage points to 3.89 percent in August 2017, but the seasonally adjusted unemployment rate decreased by 0.02 percentage points to 3.76 percent. The number of unemployed persons was 461,000 in August 2017, which increased by 7,000(1.54%), but decreased by 19,000(-4.05%) from the previous month and that of the previous year, respectively.

Labor force participation rate was 59.01 percent in August 2017, which increased by 0.10 and 0.08 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)