Taiwan’s GDP to shrink for first time in 4 years due to coronavirus

TAIPEI (Taiwan News) — Taiwan’s Gross Domestic Product (GDP) is likely to shrink by 0.73 percent in the second quarter of the year, its first contraction in more than four years, the gover...

Taiwan's June unemployment rate drops for first time since 1992

TAIPEI (Taiwan News) — Taiwan's unemployment rate dropped slightly in June after the economic impact of the coronavirus pandemic lessened, according to data released by the Directorate Gener...

Taiwan aims for 2% GDP growth in 2020 amid coronavirus impact

TAIPEI (Taiwan News) — Taiwan is endeavoring to achieve a GDP growth rate of 2 percent for 2020 in spite of the economic woes felt across the world due to the coronavirus outbreak. The govern...

DGBAS expects a massive budget for combating virus to boost Taiwan’s economic outlook

TAIPEI (Taiwan News) — Directorate-General of Budget, Accounting, and Statistics (DGBAS) Minister Chu Tzer-ming (朱澤民) said on Wednesday (March 4) that Taiwan should be able to maintain a GDP gro...

Taiwan's GDP growth rate leaped to top of Asia's 4 tigers in 2019

TAIPEI (Taiwan News) — Taiwan roared ahead of the rest of Asia's four tigers in 2019 with a growth rate of 2.73 percent. On Tuesday (Jan. 21), the Directorate General of Budget, Accountin...

Taiwan raises economic growth estimate for final quarter of 2019

TAIPEI (Taiwan News) – Taiwan’s economy likely grew by 3.38 percent during the final quarter of 2019 instead of by the earlier estimate of 3.04 percent, the government said Tuesday (Jan. 2...

Total take-home pay up in Taiwan but regular wages stagnant

Taiwan's workers saw their total earnings adjusted for inflation rise in the first 11 months of 2019 from a year earlier despite real wages remaining at a level seen in 2003, according to figures ...

Jobless rate in Taiwan edges down in November

Taiwan's jobless rate fell slightly in November at a time when the local economy continued its steady growth, the Directorate General of Budget, Accounting and Statistics (DGASB) said Monday. D...

Taiwan's Hiring outlook improves for Q1 2020: survey

The hiring outlook among local businesses improved for the first quarter of next year, according to the 1111 online job bank, as more and more Taiwanese companies operating overseas are investing at h...

Number of Taiwanese working in China hits 10-year low

China continued to be the No. 1 destination for Taiwanese heading overseas to work in 2018, although the number has dropped to its lowest level since 2008, the Directorate General of Budget, Accountin...

Average regular wage growth in Taiwan returns to 2% in October

The year-on-year growth in average regular monthly wages in October returned to 2 percent, after a slower increase below that level in September, according to the Directorate General of Budget, Accoun...

GDP growth hits 2.99 percent in Q3 for Taiwan

Taiwan’s gross domestic product grew 2.99 percent in the third quarter of the year, 0.32 of a percentage point above the August forecast, according to the Directorate-General of Budget, Accounti...

Taiwan raises economic growth forecasts for 2019 and 2020

TAIPEI (Taiwan News) – Taiwan’s economy will grow by a higher-than-expected 2.64 percent this year and even by 2.72 percent in 2020, the government predicted Friday (November 29). The n...

Average monthly salary in Taiwan nearly NT$40,000: DGBAS

Employees in Taiwan, including part-time workers, on average earned a regular salary of NT$39,191 (US$1,285) in May, the Cabinet-level Directorate General of Budget, Accounting and Statistics (DGBAS) ...

Taiwan's GDP expected to grow 2.45% in 2020: think tank

On the back of expectations of eased trade tension between the United States and China, Taiwan, an export- oriented economy, is likely to see its gross domestic product (GDP) growing 2.45 percent in 2...