Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2016End of 2015End of 2014SourcesVar ID
Total population23.53 million23.49 million23.43 millionA.1.1
Average household size3.073.103.15A.1.3
Urban population (% of total) 76.9% of totalNot availableA.1.4
A.2 Economy
VariableEnd of 2016End of 2015End of 2014SourcesVar ID
GDP, current prices (U.S. dollars)508,849 USD (millions)523,581 USD (millions)530,038 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)1,125,988 USD (millions)1,099,030 USD (millions)1,080,074 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)21,606.69 USD 22,287.56 USD 22,618.59 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)47,811.58 USD 46,783 USD 46,090.53 USD
WEO
A.2.4
GDP, constant prices (Percent change)1.46%.75%3.93%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change).8%.14%.6%
WEO
A.2.6
GDP, deflator (Index)106.83106.88103.75
WEO
A.2.7
GINI Index  Not available
 
A.2.9
Median national annual household income26,558.37 USD 25,519.73 USD 26,397.07 USD A.2.10
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
Unemployed3.92%3.78%3.96%A.2.14.3
Interest Rates:A.2.15
Central bank lending/discount rate  1.88%A.2.15.1
Yield on 3 months treasury bills  .5%
Investing.com, maturity_to=290
A.2.15.2
Yield on 10-year Government bond  1.6%A.2.15.3
Average bank deposit rate1.07%1.21%1.36%
Country Editor/ Central Bank
A.2.15.4
Lending rate2.61%2.82%2.89%
Country Editor / Central Bank
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2016End of 2015End of 2014SourcesVar ID
Number of dwelling units:B.1.1
Total8.6 million 8.12 million
Country Editor
B.1.1.1
Percentage of vacant units10% of total 19.21% of total
Country Editor
B.1.2
Characteristics of housing stock:B.1.3
Average dwelling unit size-existing145.42 sq.mt 145.75 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 units84.23% of total84.43% of total84.01% of total
Country Editor
B.1.4.1
Private rental units8.3% of total  
Country Editor
B.1.4.3
Public / social rental units  .36% of totalB.1.4.4
Estimated Number of units completed/yearB.1.5
Number of recorded urban housing transactions/year367730290000 
Central Bank (CBC - Taiwan)
B.1.6
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2016End of 2015End of 2014SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Urban9.238.51 
Central Bank (CBC - Taiwan)
B.2.2.1
Capital city15.1815.75 
Central Bank (CBC - Taiwan)
B.2.2.2
Annual average % change in median house prices:B.2.3
Yearly Rate.46%.53% 
Central Bank (CBC - Taiwan)
B.2.3.1
M2 construction cost for median quality houseB.2.4


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Notes: 1 ping = 3.305 sq.mt
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: 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: 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
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
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
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
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
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
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
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
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.