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：％
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IMF
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UN
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S&P Global
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OECD
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EIU
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WB
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2023.10
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2023.05
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2023.11
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2023.09
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2023.08
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2023.06
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(2023.07)
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(2023.01)
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(2023.10)
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(2023.06)
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(2023.07)
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(2023.01)
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2023
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2024
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2023
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2024
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2023
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2024
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2023
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2024
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2023
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2024
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2023
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2024
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Global
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3.0
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2.9
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2.3
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2.5
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2.6
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2.3
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3.0
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2.7
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2.5
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2.2
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2.1
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2.4
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(3.0)
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(3.0)
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(1.9)
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(2.7)
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(2.6)
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(2.3)
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(2.7)
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(2.9)
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(2.3)
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(2.2)
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(1.7)
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(2.7)
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USA
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2.1
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1.5
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1.1
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1.0
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2.4
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1.4
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2.2
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1.3
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2.4
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0.9
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1.1
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0.8
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(1.8)
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(1.0)
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(0.4)
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(1.7)
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(2.5)
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(1.6)
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(1.6)
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(1.0)
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(2.0)
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(0.8)
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(0.5)
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(1.6)
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JAPAN
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2.0
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1.0
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1.2
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1.0
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1.8
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1.1
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1.8
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1.0
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2.0
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1.4
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0.8
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0.7
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(1.4)
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(1.0)
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(1.5)
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(1.3)
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(1.7)
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(0.9)
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(1.3)
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(1.1)
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(2.0)
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(1.1)
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(1.0)
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(0.7)
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EURO
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0.7
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1.2
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0.9
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1.4
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0.5
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0.5
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0.6
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1.1
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0.7
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1.0
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0.4
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1.3
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(0.9)
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(1.5)
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(0.1)
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(1.6)
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(0.5)
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(0.5)
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(0.9)
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(1.5)
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(0.7)
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(1.0)
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(0.0)
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(1.6)
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CHINA
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5.0
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4.2
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5.3
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4.5
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5.2
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4.7
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5.1
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4.6
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5.5
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4.8
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5.6
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4.6
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(5.2)
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(4.5)
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(4.8)
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(4.5)
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(5.0)
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(4.6)
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(5.4)
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(5.1)
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(5.2)
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(4.8)
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(4.3)
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(5.0)
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WORLD
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0.9
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3.5
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2.3
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3.6
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-
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-
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-
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-
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0.7
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2.7
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1.7
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2.8
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TRADE
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(2.0)
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(3.7)
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(-0.4)
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(2.5)
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(－)
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(－)
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(1.6)
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(3.8)
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(0.7)
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(2.7)
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(1.6)
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(3.4)
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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.
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¢ Taiwan Economic Overview
Key domestic economic indicators in 2023Q3：The real GDP increase by 2.32％.The value of export orders is US$145.16 billion, a year-on-year decrease of 14.50％.The total export value is 114.90 billion US dollars, a year-on-year decrease of 5.08％.The industrial production index and manufacturing industry production index climbed to 88.63 and 87.75, respectively. This represents a year-on-year decrease of 11.06％ and 11.37％.
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Indicator
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Statistical interval
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Data
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YoY
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GDP (％)
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2023Q3
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2.32
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—
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Export Orders
(US$ billion)
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2023Q3
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145.16
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q14.50％
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Custom Exports
(US$ billion)
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2023Q3
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114.90
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q5.08％
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Industrial Production Index in Taiwan
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2023Q3
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88.63
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q11.06％
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¢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.
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Indicator
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Statistical interval
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Data
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YoY
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Industry & Business Registration
(Number)
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Sep 2023 (bottom value)
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238,442
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p1.41％
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Total Capital of Companies Registered
(NT$ trillion))
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Sep 2023 (bottom value)
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14.67
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▲4.81％
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Factory Registration
(Number)
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Sep 2023 (bottom value)
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937
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q4.39％
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The Number of the Profit-seeking Enterprise
(Number)
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Sep 2023 (bottom value)
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247,629
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p1.53％
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The Amount of the Profit-seeking Enterprise Income
(NT$ trillion)
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Jul. - Sep. 2023
(Cumulative value)
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2.95
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p3.13％
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Sales of Tertiary Industry
(NT$ trillion)
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Jul. - Sep. 2023
(Cumulative value)
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2.35
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p2.55％
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Foreign Direct Investment
(US$ hundred million)
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Jul. - Sep. 2023
(Cumulative value)
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7.16
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q11.54％
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Number of Newly Established Foreign Companies
(Number)
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Jul. - Sep. 2023
(Cumulative value)
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53
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q13.11％
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