2024q1

2024 Q1

Summary of current season's economic situation analysis —2024Q1

¢International Economic Outlook

According to EIU, IMF, OECD and other institutions to observe the economic growth forecast for the world's major economies in 2024: U.S. real GDP will grow by 2.7, Japan's real GDP will grow by 1.3, China's real GDP will grow by 4.7, the real GDP of the euro area will grow by 1.1.

2024 Global Economic Growth Forecast Compiled Chart

Unit:%

 

IMF

UN

S&P Global

OECD

EIU

WB

 

2024.04

2024.01

2024.04

2024.02

2024.04

2024.04

 

(2024.01)

(2023.10)

(2024.03)

(2023.11)

(2024.03)

(2024.01)

 

2024

2025

2024

2025

2024

2025

2024

2025

2024

2025

2024

2025

Global

3.2

3.2

2.4

2.7

2.6

2.7

2.9

3.0

2.4

2.6

3.2

3.2

全球

(3.1)

(3.2)

(2.5)

()

(2.6)

(2.6)

(2.7)

(3.0)

(2.4)

(2.6)

(3.1)

(3.2)

USA

2.7

1.9

1.4

1.7

2.5

1.7

2.1

1.7

2

1.6

2.7

1.9

美國

(2.1)

(1.7)

(1.9)

()

(2.5)

(1.4)

(1.5)

(1.7)

(1.8)

(1.6)

(2.1)

(1.7)

JAPAN

0.9

1.0

1.2

1.1

0.8

1.2

1.0

1.0

1.3

1.2

0.9

1.0

日本

(0.9)

(0.8)

(0.9)

()

(0.7)

(1.1)

(1.0)

(1.2)

(1.3)

(1.2)

(0.9)

(0.8)

EURO

0.8

1.5

1.1

1.5

0.6

1.4

0.6

1.3

0.8

1.5

0.8

1.5

歐元區

(0.9)

(1.7)

(1.2)

()

(0.5)

(1.5)

(0.9)

(1.5)

(0.8)

(1.5)

(0.9)

(1.7)

CHINA

4.6

4.1

4.7

4.5

4.7

4.5

4.7

4.2

4.7

4.5

4.6

4.1

中國大陸

(4.6)

(4.1)

(4.8)

()

(4.7)

(4.5)

(4.7)

(4.2)

(4.7)

(4.7)

(4.6)

(4.1)

WORLD

3.0

3.3

2.4

3.2

 -

-

 -

-

2.5

3.5

3.0

3.3

TRADE

(3.3)

(3.6)

()

()

()

()

(2.7)

(3.3)

(2.4)

(3.3)

(3.3)

(3.6)

                                   

 

 

Note: ( ) advance estimate

Source

  1. IMFWorld Economic OutlookApril 16th 2024
  2. UNWorld Economic Situation and Prospects 2024January 04th 2024
  3. S&P GlobalApril 15th 2024
  4. OECDOECD Economic OutlookFebruary 2024
  5. EIUOne-click ReportWorldforecast closing dateMarch 12th 2024
  6. WBGlobal Economic ProspectsJanuary 2024

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

 

¢ Taiwan Economic Overview

Key Domestic Economic Indicators in 2024Q1: The real GDP grew by 6.56. The value of export orders reached US$133.32 billion, marking a year-on-year decrease of 2.13. Total exports were valued at US$110.33 billion, reflecting a year-on-year increase of 12.91. The industrial production index and the manufacturing industry production index increased to 87.54 and 87.21, respectively, indicating a year-on-year increase of 6.01 and 6.16.

Indicator

Statistical interval

Data

YoY

GDP ()

2024Q1

6.56

Export Orders

(US$ billion)

2024Q1

133.32

q2.13

Custom Exports

(US$ billion)

2024Q1

110.33

p12.91

Industrial Production Index in Taiwan

2024Q1

87.54

p6.01

 

 

 

 

¢Taipei Econ Overview

As of the end of March 2024, a total of 240,233 businesses were registered in Taipei City. This represents an increase of 4,335 businesses from the previous year, marking a year-on-year growth of 1.84. The registered capital of enterprises in Taipei City reached 14.82 trillion, up by 4.50 over the same period last year. The number of registered factories in Taipei City stood at 919, showing an annual decrease of 5.06.

The number of profit-seeking enterprises in Taipei City amounted to 248,827, with total income from these enterprises reaching 2.84 trillion, an annual increase of 11.44. The tertiary sector reported sales of 2.30 trillion, achieving an annual growth of 11.83. Approved foreign investments in Taipei City totaled US$7.98 billion, an annual decrease of 61.28. The number of newly established foreign companies in Taipei City was 46, an annual increase of 2.22.

 

 

 

 

 

 

 

 

 

 

Indicator

Statistical interval

Data

YoY

Industry & Business Registration

(Number)

March 2024 (bottom value)

240,233

p1.84

Total Capital of Companies Registered

(NT$ trillion))

March 2024 (bottom value)

14.82

4.50

Factory Registration

 (Number)

March 2024 (bottom value)

919

q5.06

The Number of the Profit-seeking Enterprise

(Number)

March 2024 (bottom value)

248,827

1.69

The Amount of the Profit-seeking Enterprise Income 

(NT$ trillion)

Jan.-Mar. 2024
(Cumulative value)

2.84

11.44

Sales of Tertiary Industry

(NT$ trillion)

Jan.-Mar. 2024
(Cumulative value)

2.30

11.83

Foreign Direct Investment

(US$ hundred million)

Jan.-Mar. 2024
(Cumulative value)

7.98

q61.28

Number of Newly Established Foreign Companies

 (Number)

Jan.-Mar. 2024
(Cumulative value)

46

2.22