2023 Q1
Summary of current season's economic situation analysis —2023Q1
¢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 1.6 %, Japan`s real GDP will grow by 1.8%, China`s real GDP will grow by 6.1%, 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
|
|
2023.04
|
2023.05
|
2023.05
|
2023.03
|
2023.05
|
2023.01
|
|
(2023.01)
|
(2023.01)
|
(2023.04)
|
(2022.11)
|
(2023.04)
|
(2022.06)
|
|
2023
|
2024
|
2023
|
2024
|
2023
|
2024
|
2023
|
2024
|
2023
|
2024
|
2023
|
2024
|
Global
|
2.8
|
3.0
|
2.3
|
2.5
|
2.3
|
2.6
|
2.6
|
2.9
|
2.2
|
2.5
|
1.7
|
2.7
|
(2.9)
|
(3.1)
|
(1.9)
|
(2.7)
|
(2.3)
|
(2.7)
|
(2.2)
|
(2.7)
|
(2.1)
|
(2.4)
|
(3.0)
|
(3.0)
|
USA
|
1.6
|
1.1
|
1.1
|
1.0
|
1.2
|
0.9
|
1.5
|
0.9
|
1.0
|
1.0
|
0.5
|
1.6
|
(1.4)
|
(1.0)
|
(0.4)
|
(1.7)
|
(1.4)
|
(1.5)
|
(0.5)
|
(1.0)
|
(1.0)
|
(1.0)
|
(2.4)
|
(2.0)
|
JAPAN
|
1.3
|
1.0
|
1.2
|
1.0
|
1.0
|
1.2
|
1.4
|
1.1
|
1.1
|
1.2
|
1.0
|
0.7
|
(1.8)
|
(0.9)
|
(1.5)
|
(1.3)
|
(1.0)
|
(1.2)
|
(1.8)
|
(0.9)
|
(1.0)
|
(1.2)
|
(1.3)
|
(0.6)
|
EURO
|
0.8
|
1.4
|
0.9
|
1.4
|
0.9
|
1.1
|
0.8
|
1.5
|
0.8
|
1.5
|
0.0
|
1.6
|
(0.7)
|
(1.6)
|
(0.1)
|
(1.6)
|
(0.8)
|
(1.1)
|
(0.5)
|
(1.4)
|
(0.7)
|
(1.5)
|
(1.9)
|
(1.9)
|
CHINA
|
5.2
|
4.5
|
5.3
|
4.5
|
5.5
|
5.3
|
5.3
|
4.9
|
6.1
|
4.9
|
4.3
|
5.0
|
(5.2)
|
(4.5)
|
(4.8)
|
(4.5)
|
(5.3)
|
(5.5)
|
(4.6)
|
(4.1)
|
(5.7)
|
(4.7)
|
(5.2)
|
(5.1)
|
WORLD
|
2.4
|
3.5
|
2.3
|
3.6
|
-
|
-
|
-
|
-
|
2.2
|
3.2
|
1.6
|
3.4
|
TRADE
|
(2.4)
|
(3.4)
|
(-0.4)
|
(2.5)
|
(-)
|
(-)
|
(2.9)
|
(3.8)
|
(2.1)
|
(3.2)
|
(4.3)
|
(3.8)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note:: ( ) advance estimate。
Source:
1. IMF:World Economic Outlook(April 11th 2023)
2. UN:World Economic Situation and Prospects 2023(May 16th 2023)
3. S&P Global(May 1st 2023)
4. OECD:OECD Economic Outlook(March 17th 20222023)
5. EIU:One-click Report:World(forecast closing date:May 15th 2023)
6. WB:Global Economic Prospects(January 2023)
7. Organized by the Department of Industrial Development of the Taiwan Institute of Economic Research.
|
¢ Taiwan Economic Overview
Key domestic economic indicators in 2023Q1:The real GDP grew by -2.87%.The value of export orders is US$136.22 billion, a year-on-year decrease of 21.32%.The total export value is 97.75 billion US dollars, a year-on-year decrease of19.16%.The industrial production index and manufacturing industry production index climbed to 112.02 and 113.56, respectively. This represents a year-on-year decrease of 14.72% and 15.39%.
Indicator
|
Statistical interval
|
Data
|
YoY
|
GDP (%)
|
2023Q1
|
-2.87
|
—
|
Export Orders
(US$ billion)
|
2023Q1
|
136.22
|
q21.32%
|
Custom Exports
(US$ billion)
|
2023Q1
|
97.75
|
q19.16%
|
Industrial Production Index in Taiwan
|
2023Q1
|
112.02
|
q14.72%
|
¢Taipei Econ Overview
As of the end of March 2023, a total of 235,898 businesses were registered in Taipei City. This number declines by 979 compared to the previous year, which represents a year-on-year declines of 0.41%. The capital of enterprises in Taipei City reached 14.18 trillion, an increase of 3.21% over the same period last year. The number of registered factories in Taipei City reached 968, an annual declines of 1.33%.
The number of he Profit-seeking Enterprise in Taipei City is 244,696 and the amount of the Profit-seeking Enterprise Income are 2.55 trillion, an annual decrease of 3.05%. The tertiary industry had a sales volume of 2.06 trillion, an annual decrease of 2.79%. Approved foreign investments in Taipei City amount to US$ 2.061 billion, an annual decrease of 61.52%. The number of newly established foreign companies in Taipei City is 45, an increase of 12.50% over the same period last year.
Indicator
|
Statistical interval
|
Data
|
YoY
|
Industry & Business Registration
(Number)
|
March 2023 (bottom value)
|
235,898
|
q0.41%
|
Total Capital of Companies Registered
(NT$ trillion))
|
March 2023 (bottom value)
|
14.18
|
▲3.21%
|
Factory Registration
(Number)
|
March 2023 (bottom value)
|
968
|
q1.33%
|
The Number of the Profit-seeking Enterprise
(Number)
|
March 2023 (bottom value)
|
244,696
|
p0.88%
|
The Amount of the Profit-seeking Enterprise Income
(NT$ trillion)
|
Jan.-Mar. 2023
(Cumulative value)
|
2.55
|
q3.05%
|
Sales of Tertiary Industry
(NT$ trillion)
|
Jan.-Mar. 2023
(Cumulative value)
|
2.06
|
q2.79%
|
Foreign Direct Investment
(US$ hundred million)
|
Jan.-Mar. 2023
(Cumulative value)
|
20.61
|
p61.52%
|
Number of Newly Established Foreign Companies
(Number)
|
Jan.-Mar. 2023
(Cumulative value)
|
45
|
p12.50%
|