Taiwan growth rate 結果共33筆

ranking it 5th worldwide in per capita net financial assets. With an average net worth of NT＄4.8 million per Taiwanese citizen, this historic high demonstrates significant economic growth. Explore how the pandemic elevated Taiwan’s wealth and savings rates compared to other nations.

Taiwan’s Ministry of Economic Affairs reported that the Industrial Production Index for September 2023 decreased by 6.72% compared to the same month in the previous year. The manufacturing industry experienced a decline rate of 7.01%, marking 16 consecutive months of negative growth.

Despite facing economic challenges like inflation and stagnant wages, Taiwanese households are ramping up spending in two unexpected categories: fitness and pet care. With an annual growth rate of over 15% in fitness spending and a 36.2% increase in pet-related expenses over the past decade, these sectors show strong resilience and growth.

According to the most recent data, the maintenance and repairs index reached 109.84 in July, exhibiting an annual growth rate of 3.38%. At the same time, the domestic housing index jumped to 105.19, a 1.88% increase year on year — both setting historical records.

Taiwan’s government has dismissed reports of a recession, citing an average annual economic growth rate of 3.4% from 2016 to 2022, surpassing the global average. Despite declining export orders, Taiwan achieved record-breaking exports of $479.4 billion last year and outperformed other Asian economies, according to Executive Yuan spokesperson Lin Tze-luen. 

The birth rate in Taiwan has significantly decreased in recent years, resulting in negative population growth for a consecutive three-year period. A recent study has shed light on three main challenges office workers face when raising children: high living costs, stagnant wages, and an overpriced housing market.

Taiwan experienced a negative population growth for three consecutive years and has one of the lowest total fertility rate in the world in 2022.

As the pandemic gradually calms down, the market is picking back up its pace, especially the physical retail industry. For the first three quarters of 2022, the annual growth rate of Taiwan’s physical retail industry was 8.68%, higher than 7.54% of the e-commerce industry. The growth rate was also the highest for the physical retail industry since 2004.