Current Account Balance in Taiwan
The current account balance in Taiwan averaged 12.7% of GDP in the decade to 2022, significantly above the Asia-Pacific regional average of 1.9% of GDP. In 2022, Taiwan's reading was 13.3% of GDP. For more current account information, visit our dedicated page.
Taiwan Current Account Chart
Note: This chart displays Current Account (% of GDP) for Taiwan from 2014 to 2023.
Source: Macrobond.
Taiwan Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | 10.7 | 14.3 | 15.2 | 13.3 | 14.0 |
| Current Account Balance (USD bn) | 65.7 | 97.6 | 118.3 | 101.5 | 105.8 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Taiwanese current account projections for the next ten years from a panel of 19 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Taiwanese current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Taiwanese current account projections.
Want to get access to the full dataset of Taiwanese current account forecasts? Send an email to info@focus-economics.com.