Macro-economic Data

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    A. Demography and Macroeconomy

    A.1 Population
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Total population23.59 million23.57 million23.53 million
    National Statistics Republic of China Taiwan
    		A.1.1
    Total number of households8.73 million8.65 million8.56 million
    National Statistics
    		A.1.2
    Average household size2.702.732.75
    National Statistics
    		A.1.3
    Urban population (% of total)79.57% of total79.57% of total79.57% of total
    Country Editor
    		A.1.4
    A.2 Economy
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    GDP, current prices (U.S. dollars)602,678 USD (millions)572,594 USD (millions)530,608 USD (millions)
    WEO
    		A.2.1
    GDP based on PPP valuation of country GDP (Current international dollar)1,250,008 USD (millions)1,189,205 USD (millions)1,134,190 USD (millions)
    WEO
    		A.2.2
    GDP per capita, current prices (U.S. dollars)25,534.33 USD 24,292.09 USD 22,540.89 USD
    WEO
    		A.2.3
    GDP based on PPP per capita GDP (Current international dollar)52,960.43 USD 50,451.54 USD 48,181.77 USD
    WEO
    		A.2.4
    GDP, constant prices (Percent change)2.73%2.89%1.41%
    WEO
    		A.2.5
    Inflation, end of period consumer prices (Percent change)1.5%1.22%1.69%
    WEO
    		A.2.6
    GDP, deflator (Index)107.92106.71108.04
    WEO
    		A.2.7
    Consumer price index109.08108.07108.04
    Country Editor
    		A.2.8
    GINI Index33.8033.7033.60
    National Statistics
    		A.2.9
    Median national annual household income29,377.41 USD 28,943.4 USD 26,545.77 USD
    National Statistics
    		A.2.10
    Growth in urban household income (%/year)A.2.13
    Employment (% of total laborforce)A.2.14
    Unemployed3.74%3.76%4%
    National Statistics
    		A.2.14.3
    Interest Rates:A.2.15
    Central bank lending/discount rate1.38%1.38%1.38%
    Central Bank of the Republic of China (Taiwan)
    		A.2.15.1
    Yield on 3 months treasury billsNot available .5%
    IFS
    		A.2.15.2
    Yield on 10-year Government bond.94%1.06%.82%
    Central Bank of the Republic of China (Taiwan)
    		A.2.15.3
    Average bank deposit rate1.04%1.04%1.04%
    Central Bank of the Republic of China (Taiwan)
    		A.2.15.4
    Lending rate2.63%2.63%2.61%
    Central Bank of the Republic of China (Taiwan)
    		A.2.15.5
    B. Housing Market
    B.1 Housing Stock: Production, Transactions
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Number of dwelling units:B.1.1
    Total8.76 million8.69 million8.6 million
    Country Editor
    		B.1.1.1
    Percentage of vacant units .99% of total10% of total
    Country Editor
    		B.1.2
    Characteristics of housing stock:B.1.3
    Average dwelling unit size-existing149.42 sq.mt146.55 sq.mt145.42 sq.mt
    Country Editor
    		B.1.3.1
    % of substandard dwelling units  .45% of totalB.1.3.2
    Tenure in urban areas (%):B.1.4
    Owner-occupied units84.52% of total85.36% of total84.23% of total
    Country Editor
    		B.1.4.1
    Private rental units 7.69% of total8.3% of total
    Country Editor
    		B.1.4.3
    Public / social rental units  1% of totalB.1.4.4
    Estimated Number of units completed/yearB.1.5
    Number of recorded urban housing transactions/year278000266086367730
    Country Editor
    		B.1.6
    B.2 Housing Prices and Cost for Urban Areas or Capital City
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Median urban house price in USD:B.2.1
    Median house price to median annual HH income:B.2.2
    Urban8.829.169.23
    Country Editor
    		B.2.2.1
    Capital city14.071515.18
    Country Editor
    		B.2.2.2
    Annual average % change in median house prices:B.2.3
    Yearly Rate-.21%-.16%.46%
    Country Editor
    		B.2.3.1
    M2 construction cost for median quality houseB.2.4

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    Notes: <1%
    Notes: 1 ping = 3.305 sq.mt
    Notes: Building tax - annual rate of 1.2% to 2% of its current assessed value; Land value tax - residential land is taxed at a flat rate of 0.2%, if certain prescribed conditions can be met.
    Notes: Building tax - annual tax of 1.2-2% of current value for residential properties Land value tax - land for residential use is taxed at a flat rate of 0.2%
    Notes: Deed tax is applied on any transfer of a title, paid by the purchaser of the property. Exempt when LVIT applied (see capital gains tax comment). Current form of deed tax has been around since 1952.
    Notes: Deed tax is applied on any transfer of a title, paid by the purchaser of the property. Exempt when LVIT applied (see capital gains tax comment). Current form of deed tax has been around since 1952.
    Notes: Deed tax is applied on any transfer of a title, paid by the purchaser of the property. Exempt when LVIT applied (see capital gains tax comment). Current form of deed tax has been around since 1952.
    Notes: Deed tax is applied on any transfer of a title, paid by the purchaser of the property. Exempt when LVIT applied (see capital gains tax comment). Current form of deed tax has been around since 1952.
    Notes: Deed tax is applied on any transfer of a title, paid by the purchaser of the property. Exempt when LVIT applied (see capital gains tax comment). Current form of deed tax has been around since 1952.
    Notes: Deed tax is applied on any transfer of a title, paid by the purchaser of the property. Exempt when LVIT applied (see capital gains tax comment). Current form of deed tax has been around since 1952.
    Notes: Deed tax is applied on any transfer of a title, paid by the purchaser of the property. Exempt when LVIT applied (see capital gains tax comment). Current form of deed tax has been around since 1952.
    Notes: Deed tax is applied on any transfer of a title, paid by the purchaser of the property. Exempt when LVIT applied (see capital gains tax comment). Current form of deed tax has been around since 1952.
    Notes: Deed tax is applied on any transfer of a title, paid by the purchaser of the property. Exempt when LVIT applied (see capital gains tax comment). Current form of deed tax has been around since 1952.
    Notes: Deed tax is applied on any transfer of a title, paid by the purchaser of the property. Exempt when LVIT applied (see capital gains tax comment). Current form of deed tax has been around since 1952.
    Notes: Deed tax is applied on any transfer of a title, paid by the purchaser of the property. Exempt when LVIT applied (see capital gains tax comment). Current form of deed tax has been around since 1952.
    Notes: Deed tax is applied on any transfer of a title, paid by the purchaser of the property. Exempt when LVIT applied (see capital gains tax comment). Current form of deed tax has been around since 1952.
    Notes: Deed tax is applied on any transfer of a title, paid by the purchaser of the property. Exempt when LVIT applied (see capital gains tax comment). Current form of deed tax has been around since 1952.
    Notes: Deed tax is applied on any transfer of a title, paid by the purchaser of the property. Exempt when LVIT applied (see capital gains tax comment). Current form of deed tax has been around since 1952.
    Notes: Deed tax is applied on any transfer of a title, paid by the purchaser of the property. Exempt when LVIT applied (see capital gains tax comment). Current form of deed tax has been around since 1952.
    Notes: Deed tax is applied on any transfer of a title, paid by the purchaser of the property. Exempt when LVIT applied (see capital gains tax comment). Current form of deed tax has been around since 1952.
    Notes: Deed tax on purchase and sale is 6%, paid by the purchaser of the property. Exempt when the LVIT is applied. Current form of deed tax was written in 1952.
    Notes: Deed tax on purchase and sale is 6%, paid by the purchaser of the property. Exempt when the LVIT is applied. Current form of deed tax was written in 1952.
    Notes: Deed tax on purchase and sale is 6%, paid by the purchaser of the property. Exempt when the LVIT is applied. Current form of deed tax was written in 1952.
    Notes: Gains on sales of property are subject to the nation's progressive income tax Gains on sales of land are taxed under Land Value Increment Tax (LVIT) which varies from 20-40%
    Notes: Gains on sales of property are subject to the nation's progressive income tax; Gains on sales of land are taxed under Land Value Increment Tax (LVIT) which varies from 20-40%
    Notes: Gains on sales of property are subject to the nation's progressive income tax; Gains on sales of land are taxed under Land Value Increment Tax (LVIT) which varies from 20-40%
    Notes: LTV ratio capped at 60% in June 2010 until significant amendment in August 2015 exempted certain metro areas. March 2016 the entire LTV cap was repealed. LTV ratio cap on very high value properties of 50% implemented in June 2010 changed to 60% in 2015--left unchanged in 2016.
    Notes: LTV ratio capped at 60% in June 2010 until significant amendment in August 2015 exempted certain metro areas. March 2016 the entire LTV cap was repealed. LTV ratio cap on very high value properties of 50% implemented in June 2010 changed to 60% in 2015--left unchanged in 2016.
    Notes: LTV ratio capped at 60% in June 2010 until significant amendment in August 2015 exempted certain metro areas. March 2016 the entire LTV cap was repealed. LTV ratio cap on very high value properties of 50% implemented in June 2010 changed to 60% in 2015--left unchanged in 2016.
    Notes: LTV ratio capped at 60% in June 2010 until significant amendment in August 2015 exempted certain metro areas. March 2016 the entire LTV cap was repealed. LTV ratio cap on very high value properties of 50% implemented in June 2010 changed to 60% in 2015--left unchanged in 2016.
    Notes: LTV ratio capped at 60% in June 2010 until significant amendment in August 2015 exempted certain metro areas. March 2016 the entire LTV cap was repealed. LTV ratio cap on very high value properties of 50% implemented in June 2010 changed to 60% in 2015--left unchanged in 2016.
    Notes: LTV ratio capped at 60% in June 2010 until significant amendment in August 2015 exempted certain metro areas. March 2016 the entire LTV cap was repealed. LTV ratio cap on very high value properties of 50% implemented in June 2010 changed to 60% in 2015--left unchanged in 2016.
    Notes: LTV ratio capped at 60% in June 2010 until significant amendment in August 2015 exempted certain metro areas. March 2016 the entire LTV cap was repealed. LTV ratio cap on very high value properties of 50% implemented in June 2010 changed to 60% in 2015--left unchanged in 2016.
    Notes: LTV ratio capped at 60% in June 2010 until significant amendment in August 2015 exempted certain metro areas. March 2016 the entire LTV cap was repealed. LTV ratio cap on very high value properties of 50% implemented in June 2010 changed to 60% in 2015--left unchanged in 2016.
    Notes: LTV ratio capped at 60% in June 2010 until significant amendment in August 2015 exempted certain metro areas. March 2016 the entire LTV cap was repealed. LTV ratio cap on very high value properties of 50% implemented in June 2010 changed to 60% in 2015--left unchanged in 2016.
    Notes: LTV ratio capped at 60% in June 2010 until significant amendment in August 2015 exempted certain metro areas. March 2016 the entire LTV cap was repealed. LTV ratio cap on very high value properties of 50% implemented in June 2010 changed to 60% in 2015--left unchanged in 2016.
    Notes: LTV ratio capped at 60% in June 2010 until significant amendment in August 2015 exempted certain metro areas. March 2016 the entire LTV cap was repealed. LTV ratio cap on very high value properties of 50% implemented in June 2010 changed to 60% in 2015--left unchanged in 2016.
    Notes: LTV ratio capped at 60% in June 2010 until significant amendment in August 2015 exempted certain metro areas. March 2016 the entire LTV cap was repealed. LTV ratio cap on very high value properties of 50% implemented in June 2010 changed to 60% in 2015--left unchanged in 2016.
    Notes: LTV ratio capped at 60% in June 2010 until significant amendment in August 2015 exempted certain metro areas. March 2016 the entire LTV cap was repealed. LTV ratio cap on very high value properties of 50% implemented in June 2010 changed to 60% in 2015--left unchanged in 2016.
    Notes: Many of the constraints were repealed in 2015 but a few remain in place, especially those regarding high-value property
    Notes: Many of the constraints were repealed in 2015 but a few remain in place, especially those regarding high-value property
    Notes: Specific share of mortgage lending by commercial banks and state-owned commercial banks is unavailable, but both have been active lenders in the mortgage market according to IMF report since 2008.
    Notes: Specific share of mortgage lending by commercial banks and state-owned commercial banks is unavailable, but both have been active lenders in the mortgage market according to IMF report since 2008.
    Notes: Specific share of mortgage lending by commercial banks and state-owned commercial banks is unavailable, but both have been active lenders in the mortgage market according to IMF report since 2008.
    Notes: Specific share of mortgage lending by commercial banks and state-owned commercial banks is unavailable, but both have been active lenders in the mortgage market according to IMF report since 2008.
    Notes: Specific share of mortgage lending by commercial banks and state-owned commercial banks is unavailable, but both have been active lenders in the mortgage market according to IMF report since 2008.
    Notes: Specific share of mortgage lending by commercial banks and state-owned commercial banks is unavailable, but both have been active lenders in the mortgage market according to IMF report since 2008.
    Notes: Specific share of mortgage lending by commercial banks and state-owned commercial banks is unavailable, but both have been active lenders in the mortgage market according to IMF report since 2008.
    Notes: Specific share of mortgage lending by commercial banks and state-owned commercial banks is unavailable, but both have been active lenders in the mortgage market according to IMF report since 2008.
    Notes: Total dwelling units not made of steel, concrete, or brick, i.e. made of wood, bamboo, and stone.
    Notes: Uses average exchange rate
    Notes: Uses average exchange rate
    Notes: Uses average exchange rate
    Notes: Uses average exchange rate
    Notes: Uses average exchange rate
    Notes: Uses average exchange rate
    Notes: Uses average exchange rate
    Notes: Uses average exchange rate
    Notes: Uses average exchange rate
    Notes: Uses average exchange rate
    Notes: Uses average exchange rate
    Notes: Uses average exchange rate
    Notes: Uses average exchange rate