2021 Q2

2021 Q2

Summary of current season’s economic situation analysis —2021Q2
International Economic Outlook

According to EIU, IMF, OECD and other institutions to observe the performance of economic data in the second quarter of 2021: the annual GDP growth rate of the United States was 6.5%, the annual GDP growth rate of the Japan was 1.3%, the annual GDP growth rate of the China was 7.9% ,the annual GDP growth rate of the Eurozone was 13.7%.

2021 Global Economic Growth Forecast Compiled Chart

Unit:%

IMF UN IHS Markit OECD EIU WB
2021.07 2021.05 2021.08 2021.05 2021.08 2021.06
(2021.04) (2021.01) (2021.07) (2021.03) (2021.07) (2021.01)
2021 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 2022
Global 6.0 4.9 5.4 4.1 5.7 4.5 5.8 4.4 5.4 4.1 5.6 4.3
(6.0) (4.4) (4.7) (3.4) (5.8) (4.7) (5.6) (4.0) (5.4) (4.1) (4.0) (3.8)
USA 7.0 4.9 6.2 3.2 6.1 4.4 6.9 3.6 6.0 3.7 6.8 4.2
(6.4) (3.5) (3.4) (2.7) (6.6) (5.0) (6.5) (4.0) (6.0) (3.7) (3.5) (3.3)
JAPAN 2.8 3.0 3.3 2.2 2.5 2.7 2.6 2.0 2.2 3.0 2.9 2.6
(3.3) (2.5) (3.0) (1.8) (2.4) (2.6) (2.7) (1.8) (2.2) (2.9) (2.5) (2.3)
EURO 4.6 4.3 4.2 3.9 5.0 4.3 4.3 4.4 4.4 4.3 4.2 4.4
(4.4) (3.8) (5.0) (2.6) (5.0) (4.4) (3.9) (3.8) (4.5) (4.4) (3.6) (4.0)
CHINA 8.1 5.7 8.2 5.8 8.5 5.8 8.5 5.8 8.0 5.3 8.5 5.4
(8.4) (5.6) (7.2) (5.8) (8.5) (5.8) (7.8) (4.9) (8.5) (5.2) (7.9) (5.2)
WORLD 9.7 7.0 9.4 5.7  – 8.2 5.8 8.9 5.7 8.3 6.3
TRADE (8.4) (6.5) (6.9) (3.7) () () () () (8.0) (5.6) (5.0) (5.1)

 

Note:: ( ) advance estimate。

Source:

1. IMF:World Economic Outlook(July 27th 2021)

2. UN:World Economic Situation and Prospects of mid-2021(May 11th 2021)

3. IHS Markit:Economic Outlook(August 17th 2021)

4. OECD:OECD Economic Outlook(May 31th 2021)

5. EIU:EIU Country Forecast World September 2021(forecast closing date:August 16th 2021)

6. WB:Global Economic Prospects(June 8th 2021)

7. Organized by the Department of Industrial Development of the Taiwan Institute of Economic Research.

 

Taiwan Economic Overview

Key domestic economic indicators for the second quarter of 2021:The real economic growth rate (GDP) is 7.43.The export order volume rose by 35.92% to hit the second highest of US$ 160.957 billion. The export trade value reached a new high of US$ 108.972 billion, a year-on-year increase of 37.35%. The industrial production index and manufacturing industry production index climbed to 129.23 and 131.08, respectively. This represents a year-on-year rise of 16.50% and 17.61%.

Indicator Statistical interval Data YoY
GDP (%) 2021Q2 7.43
Export Orders (US$ Million) 2021Q2 1,609.57 ▲35.92%
Custom Exports (US$ Million) 2021Q2 1,089.72 ▲37.35%
Industrial Production Index in Taiwan 2021Q2 129.23 ▲16.50%
Taipei Econ Overview

As of the end of June 2021, a total of 240,226 businesses were registered in Taipei City. This number rose by 1,683 compared to the previous year, which represents a year-on-year increase of 0.71%. Firms registered in Taipei account for 14.63% of all businesses in Taiwan. The total registered capital of the Taipei City companies reaches13.2813 trillion, constituting 51.37%of the aggregate capital of all firms in Taiwan. 1,017 factories are currently registered in Taipei City, which is 20 less than last year.

The total actual number of companies and firms in Taipei City totals 240,728had a sales volume of 6.9609 trillion in the second quarter of 2021, representing an increase of 11.87% compared to the previous year and accounts for 30.00% of the total sales volume of all Taiwanese businesses. The tertiary industry had a sales volume of 5.6034 trillion, making up43.57% of the total sales of all tertiary businesses in Taiwan. Approved foreign investments in Taipei City amount to US$ 6.50 billion, a decrease by 23.53% over 2021Q2. This amount accounts for 57.98% of all foreign investments in Taiwan. 54 newly established foreign companies were registered in Taipei City, which is 3 less than in 2020Q2.

Indicator Statistical interval Data YoY Percentage of total for the whole country
Industry & Business Registration (Number) June (bottom value) 240,226 ▲1,683 14.63%
Total Capital of Companies Registered (NT$ Hundred Million)) June (bottom value) 132,813 ▲3.64% 51.37%
Factory Registration (Number) June (bottom value) 1,017 q20 1.07%
Number of Companies and Firms (Number) June (bottom value) 240,728 p1,048 15.72%
Sales of Companies and Firms (NT$ Hundred Million) Jan –June (Cumulative value) 69,609 p11.87% 30.00%
Sales of Tertiary Industry (NT$ Hundred Million) Jan –June (Cumulative value) 56,034 p11.01% 43.57%
Foreign Direct Investment (NT$ Hundred Million) 2021Q2 6.50 q23.53% 57.98%
Number of Newly Established Foreign Companies (Number) 2021Q2 54 q3 Ï
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