2023 Q3
2023 Q3
Summary of current season’s economic situation analysis —2023Q3
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 2.4 ％, Japan’s real GDP will grow by 2.0％, China`s real GDP will grow by 5.6％, the real GDP of the euro area will grow by 0.9％.
2023 Global Economic Growth Forecast Compiled Chart
Unit：％
| IMF | UN | S&P Global | OECD | EIU | WB | |||||||
| 2023.10 | 2023.05 | 2023.11 | 2023.09 | 2023.08 | 2023.06 | |||||||
| (2023.07) | (2023.01) | (2023.10) | (2023.06) | (2023.07) | (2023.01) | |||||||
| 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | |
| Global | 3.0 | 2.9 | 2.3 | 2.5 | 2.6 | 2.3 | 3.0 | 2.7 | 2.5 | 2.2 | 2.1 | 2.4 |
| (3.0) | (3.0) | (1.9) | (2.7) | (2.6) | (2.3) | (2.7) | (2.9) | (2.3) | (2.2) | (1.7) | (2.7) | |
| USA | 2.1 | 1.5 | 1.1 | 1.0 | 2.4 | 1.4 | 2.2 | 1.3 | 2.4 | 0.9 | 1.1 | 0.8 |
| (1.8) | (1.0) | (0.4) | (1.7) | (2.5) | (1.6) | (1.6) | (1.0) | (2.0) | (0.8) | (0.5) | (1.6) | |
| JAPAN | 2.0 | 1.0 | 1.2 | 1.0 | 1.8 | 1.1 | 1.8 | 1.0 | 2.0 | 1.4 | 0.8 | 0.7 |
| (1.4) | (1.0) | (1.5) | (1.3) | (1.7) | (0.9) | (1.3) | (1.1) | (2.0) | (1.1) | (1.0) | (0.7) | |
| EURO | 0.7 | 1.2 | 0.9 | 1.4 | 0.5 | 0.5 | 0.6 | 1.1 | 0.7 | 1.0 | 0.4 | 1.3 |
| (0.9) | (1.5) | (0.1) | (1.6) | (0.5) | (0.5) | (0.9) | (1.5) | (0.7) | (1.0) | (0.0) | (1.6) | |
| CHINA | 5.0 | 4.2 | 5.3 | 4.5 | 5.2 | 4.7 | 5.1 | 4.6 | 5.5 | 4.8 | 5.6 | 4.6 |
| (5.2) | (4.5) | (4.8) | (4.5) | (5.0) | (4.6) | (5.4) | (5.1) | (5.2) | (4.8) | (4.3) | (5.0) | |
| WORLD | 0.9 | 3.5 | 2.3 | 3.6 | – | – | – | – | 0.7 | 2.7 | 1.7 | 2.8 |
| TRADE | (2.0) | (3.7) | (-0.4) | (2.5) | (－) | (－) | (1.6) | (3.8) | (0.7) | (2.7) | (1.6) | (3.4) |
Note:： ( ) advance estimate。
Source：
1. IMF：World Economic Outlook（October 10th 2023）
2. UN：World Economic Situation and Prospects at of mid-2023（May 16th 2023）
3. S&P Global（November 15th 2023）
4. OECD：OECD Economic Outlook（September 2023）
5. EIU：One-click Report：World（forecast closing date：November 13th 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 2023Q3：The real GDP increase by 2.32％.The value of export orders is US$145.16 billion, a year-on-year decrease of 14.50％.The total export value is 114.90 billion US dollars, a year-on-year decrease of 5.08％.The industrial production index and manufacturing industry production index climbed to 88.63 and 87.75, respectively. This represents a year-on-year decrease of 11.06％ and 11.37％.
|
Indicator |
Statistical interval |
Data |
YoY |
| GDP (％) |
2023Q3 |
2.32 |
— |
| Export Orders (US$ billion) |
2023Q3 |
145.16 |
q14.50％ |
| Custom Exports (US$ billion) |
2023Q3 |
114.90 |
q5.08％ |
| Industrial Production Index in Taiwan |
2023Q3 |
88.63 |
q11.06％ |
Taipei Econ Overview
As of the end of September 2023, a total of 238,442 businesses were registered in Taipei City. This number increased by 3,320 compared to the previous year, representing a year-on-year increase of 1.41%. The capital of enterprises in Taipei City reached 14.67 trillion, an increase of 4.81% over the same period last year. The number of registered factories in Taipei City reached 937, an annual decline of 4.39%.
The number of Profit-seeking Enterprises in Taipei City is 247,629 and the amount of Profit-seeking Enterprise Income is 2.95 trillion, an annual increase of 3.13%. The tertiary industry had a sales volume of 2.35 trillion, an annual increase of 2.55%. Approved foreign investments in Taipei City amounted to US$ 7.16 billion, an annual decrease of 11.54%. The number of newly established foreign companies in Taipei City is 53, a decrease of 13.11% over the same period last year.