Taiwan recorded a Current Account surplus of 10.50 percent of the country's Gross Domestic Product in 2019. source: Central Bank of the Republic of China (Taiwan)

Current Account to GDP in Taiwan averaged 7.87 percent from 1980 until 2019, reaching an all time high of 21 percent in 1986 and a record low of -1.90 percent in 1980. This page provides - Taiwan Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Current Account to GDP - values, historical data and charts - was last updated on February of 2021.

Current Account to GDP in Taiwan is expected to reach 8.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Current Account to GDP is projected to trend around 9.50 percent in 2021, according to our econometric models.

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Taiwan Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
10.50 11.60 21.00 -1.90 1980 - 2019 percent Yearly

Taiwan Trade Last Previous Highest Lowest Unit
Balance of Trade 5763.77 5268.95 7450.59 -847.44 USD Million [+]
Current Account 28651.00 20453.00 28651.00 -851.00 USD Million [+]
Current Account to GDP 10.50 11.60 21.00 -1.90 percent [+]
Imports 27236.83 26720.94 27236.83 1203.70 USD Million [+]
Exports 33000.60 31989.89 33000.60 1406.50 USD Million [+]
External Debt 190813.00 199331.00 202611.00 31705.00 USD Million [+]
Terms of Trade 93.70 94.60 169.30 85.30 points [+]
Capital Flows 28550.00 22808.00 28550.00 -1029.00 USD Million [+]
Tourist Arrivals 22.01 21.18 1143.20 2.56 Thousand [+]
Gold Reserves 423.63 422.69 423.63 421.45 Tonnes [+]
Terrorism Index 0.61 1.01 1.01 0.00 [+]
Foreign Direct Investment 994.11 805.05 3953.79 81.58 USD Million [+]

Taiwan Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.