4151INIAt, a Directorate -General of Budget, Accounting

4151INIAt, a Directorate -General of Budget, Accounting and Statistics, Executive Yuan, R.O.C.(Taiwan) News Release 16:00 (GMT +8) August 14, 2015 DGBAS, Taipei GDP: PRELIMINARY ESTIMATION FOR 2015O2 AND OUTLOOK FOR 2015-6 August 14, 2015 In 2015O2, Taiwan's real gross domestic product (GDP) grew by 0.52% from the same quarter of the previous year, according to the latest preliminary estimation by DGBAS. The GDP is predicted to grow 1.56% and 2.70% in 2015 and 2016, respectively. Preliminary Estimation of GDP in 2015O2 Taiwan's export plummeted due to the sluggish demand in global consuming electronic products, the crowding out effects from the expanded supply chain in Mainland China and the falling prices of crude oil. Coupling with the rise in domestic demand, Taiwan's real GDP is estimated to grow by 0.52% in 2015O2. In the meantime, the economic growth rate of 2015O1 is revised up to 3.84% (formerly 3.37%), compared to the same quarter of 2014. Forecast for 2015 Because the weak exports of goods and services, Taiwan's real GDP is predicted to grow by 1.56% (formerly 3.28%) in the whole 2015. CPI is expected to decline by 0.19% (formerly grow by 0.13%). Outlook for 2016 The world economy is anticipated to have a better performance in 2016, which will sustain Taiwan's export growth. The 2016 growth forecast, Taiwan's real GDP will grow by 2.70%. CPI will increase by 0.74%. For further information: Statistics Database: http://statdb.dgbas.gov.tw/pxweb/Dialo g/statfile1L.asp DGBAS news releases on the Internet: http://eng.stat.gov.tw/ Pei-Hsuan Wu Tel: Fax Next release - Not Later than Oct 30, 2015, for: Gross Domestic Products for 2015O3 (Advance estimation) EFTA01126170 Table 1-1 Gross Domestic Product and Economic Growth Rate Period Nominal GDP (At Current Prices) Real GDP (Chained (2011) dollars) Economic Growth Rate (%) Original Series (Million NTS) Seasonally Adjusted (Million NTS) Original Series (Million NTS) Seasonally Adjusted (Million NTS) yoy saqr Saar 2007 13,407,062 12,572,550 6.52 2008 13,150,950 12,661,079 0.70 2009 12,961,656 12,462,729 -1.57 2010 14,119,213 13,787,642 10.63 2011 14,312,200 14,312,200 3.80 2012 14,686,917 14,607,569 2.06 2013 15,221,201 14,933,673 2.23 I 3,676,446 3,720,942 3,512,451 3,684,187 1.41 -0.09 -0.36 II 3,709,075 3,776,650 3,669,627 3,708,457 2.60 0.66 2.66 III 3,858,380 3,829,070 3,813,810 3,736,645 1.45 0.76 3.08 IV 3,977,300 3,894,539 3,937,785 3,804,384 3.40 1.81 7.45 2014 16,084,003 ==. 15,496,845 3.77 I 3,848,723 3.900,425 3,632,230 3,820,570 3.41 0.43 1.71 II 3,917,365 3,990,130 3,811,668 3,847,556 3.87 0.71 2.86 III 4,089,643 4,053,919 3,978,607 3,905,352 4.32 1.50 6.15 IV 4,228,272 4,139,529 4,074,340 3,923,367 3.47 0.46 1.86 2015(1) 16,772,559 ==. 15,737,833 1.56 I (r) 4,158,432 4,209,888 3,771,644 3,945,737 3.84 0.57 2.30 II (p) 4,052,043 4,142,192 3,831,580 3,879,383 0.52 -1.68 -6.56 (f) 4,201,720 4,173,974 3,982,778 3,925,448 0.10 1.19 4.83 IV(f) 4,360,364 4,246,505 4,151,831 3,987,265 1.90 1.57 6.45 2016(f) 17,244,542 ==. 16,163,437 2.70 I (f) 4,247,907 4,293,978 3,848,271 4,012,453 2.03 0.63 2.55 II (f) 4,212,891 4,315,510 3,961,598 4,017,795 3.39 0.13 0.53 (f) 4,329,607 4,299,595 4,112,040 4,053,185 3.25 0.88 3.57 IV(f) 4,454,137 4,335,459 4,241,528 4,080,004 2.16 0.66 2.67 Explanation : I. (p) indicates preliminary version. (f) indicates forecast. (r) indicates revised version. These marks mean the same in all tables. 2. The sum of the decomposed items might not be equal to the total due to the rounding of decimals. 3. yoy (year on year) means the growth rates to the correspondent quarter of previous year. saqr (seasonally adjusted quarterly growth rate) means the growth rate of seasonally adjusted value compared to the previous quarter. saar (seasonally adjusted annualized rate) means the annualized growth rate of seasonally adjusted value compared to the previous quarter : saam( I +saqr)'-I. EFTA01126171 Table 1-2 GDP • GNI and NI Period GDP GNI ( At Current Prices ) Nationa Income At Current Prices Chained (2011) dollars At Current Prices Chained (2011) dollars Amount (Million NTS) Annual Rate of Increase (CO Amount (Million USS) Amount (Million NTS) Economic Growth Rate (7c) Amount (Million NTS) Amount (Million USS) Amount (Million NTS) Amount (Million US$) Amount (Million NTS) Annual Rate of Growth (CO 2007 13.407,062 6.06 408,254 12,572,550 6.52 13,739,828 418,387 11,590,959 352,952 12,056,367 4.02 2008 13,150,950 -1.91 416,961 12,661,079 0.70 13,465,596 426,937 11,161,869 353,896 11,260,761 -6.60 2009 12,961,656 -1.44 392,065 12,462,729 -1.57 13,375,650 404,587 10,985,329 332,285 11,233,561 -0.24 2010 14,119,213 8.93 446,105 13,787,642 10.63 14,548,852 459,679 12,194,428 385,290 12,346,344 9.91 2011 14,312,200 1.37 485,653 14,312,200 3.80 14,700,572 498,832 12,290,671 417,057 12,290,671 -0.45 2012 14,686,917 2.62 495,845 14,607,569 2.06 15,141,108 511,179 12,493,108 421,779 12,491,883 1.64 I 3,589,361 0.20 120.735 3,463,603 0.78 3,733,045 125,567 3,093,541 104,059 3,037,070 -2.57 II 3,553,329 2.01 119,764 3,576,481 0.42 3,666,458 123,577 3,044,299 102,610 3,067,807 1.84 fil 3,766,640 3.14 126,061 3,759,326 2.31 3,855,189 129,025 3,170,802 106,122 3,148,943 2.44 IV 3,777,587 5.09 129,285 3,808,159 4.63 3,886,416 133,010 3,184,466 108,988 3,238,063 4.89 2013 15,221,201 3.64 511,293 14,933,673 2.23 15,646,211 525,570 12,995,943 436,545 12,952,953 3.69 I 3,676,446 2.43 124,409 3,512,451 1.41 3,816,308 129,137 3,194,590 108,101 3,119,971 2.73 II 3,709,075 4.38 123,837 3,669,627 2.60 3,781,417 126,248 3,149,339 105,146 3,151,781 2.74 III 3,858,380 2.44 128,821 3,813,810 1.45 3,959,384 132,190 3,304,901 110,340 3,272,994 3.94 IV 3,977,300 5.29 134,226 3,937,785 3.40 4,089,102 137.995 3,347,113 11 2,958 3.408,207 5.25 2014 16,084,003 5.67 529,587 15,496,845 3.77 16,554,262 545,090 13,722,941 451,890 13,684,925 5.65 I 3,848,723 4.69 126,770 3,632,230 3.41 4,019,241 132,386 3,358,854 110,634 3,268,452 4.76 II 3,917,365 5.62 129,886 3,811,668 3.87 4,038,379 133,899 3,363,443 111,520 3,350,429 6.30 Di 4,089,643 5.99 136,049 3,978,607 4.32 4,187,742 139,313 3,473,559 115,554 3,448,598 5.37 IV 4,228,272 6.31 136,882 4,074,340 3.47 4,308,900 139,492 3,527,085 114,182 3,617,446 6.14 2015 I (r) 4,158,432 8.05 131,638 3,771,644 3.84 4,340,724 137,408 3,635,664 115,089 3,565,368 9.08 11(p) 4,052,043 3.44 130,753 3,831,580 0.52 4,184,978 135.043 3,532,480 113,988 3,547,565 5.88 Explanation : I. GNIDI2-ENet Factor Income from the Rest of the World+Gain or Loss Resulting from Changes in the Terms of Trade. 2. NI (at current prices)=GNI-Consumption of Fixed Capital-Statistical Discrepancy. -2- EFTA01126172 Table 2 Changes in Prices link% Deflators GDP Private Final Consumption Government Final Consumption Gross Fixed Capital Formation Exports Imports CPI WPI 2007 2008 2009 2010 2011 2012 2013 I DT IV 2014 I II Rr 2015a I (r) II(p) IV(0 2016(f) I (0 11(0 -0.43 1.16 1.43 3.44 1.79 6.10 1.80 6.47 -2.60 2.60 2.03 6.93 -1.81 7.65 3.52 5.14 0.13 -1.17 0.02 -0.56 -7.41 -9.99 -0.86 -8.73 -1.54 0.70 1.03 1.24 1.80 5.46 0.96 5.46 -234 0.88 1.31 1.49 -0.14 5.39 1.42 432 0.54 1.19 1.80 0.70 -1.12 -0.39 1.93 -1.16 138 031 -0.09 -2.16 -1.19 -3.83 0.79 -143 1.00 1.10 -0.17 -1.88 -2.37 -3.69 1.80 -3.07 1.73 0.24 0.52 -2.81 -1.44 -4.85 0.80 -3.13 0.98 -0.18 -0.56 -2.54 -1.13 -3.99 0.04 -2.54 1.81 0.08 -0.27 -1.40 0.00 -2.73 0.56 -0.94 1.82 0.73 0.96 1.12 0.59 -1.27 1.20 -0.57 1.23 0.49 0.82 0.76 0.76 -0.71 0.80 0.07 1.68 1.17 0.58 1.67 1.01 0.14 1.63 0.68 1.60 1.17 1.14 1.42 0.21 -0.61 131 0.01 2.75 0.11 1.21 0.60 0.51 -3.85 0.84 -3.02 2.68 -044 -0.06 -2.16 -3.00 -9.22 -0.19 -733 4.06 -0.62 0.20 -0.65 -3.18 -11.38 -0.59 -8.51 2.90 -1.16 -0.07 -2.60 -4.95 -12.42 -0.70 -9.40 2.64 -0.49 -0.08 -3.10 -2.92 -9.06 -0.30 -7.77 1.19 0.50 -0.06 -2.11 -1.11 -3.89 0.80 -3.51 0.11 0.40 0.16 -1.17 0.55 0.52 0.74 0.53 0.11 1.40 -0.44 -3.03 0.07 -0.02 1.61 -0.13 0.56 0.51 0.42 -1.22 1.97 1.66 0.92 1.56 -0.20 0.07 0.28 -0.22 0.67 1.08 0.48 1.53 -0.01 -0.35 0.22 -0.37 -0.45 -0.61 0.01 -0.78 EFTA01126173 Table 3-1 Expenditures on Gross Domestic Product At Current Prices Unit:Million NT$ Period GDP Domestic Demand Demand of Rest of The World Subtotal Private Final Consumption Government Final Consumption Gross Fixed Capital Formation Changes in Inventories Subtotal Exports of Goods and Services Less: Imports of Goods and Services Private Enterprises Public Enterprises Government 2007 13,407,062 12,341,473 7,197,916 1,922,075 3,205,121 2,501,225 209,930 493,966 16,361 1,065,589 9,349,494 8,283,905 2008 13,150,950 12,468,377 7,260,169 1,991,181 3,045,433 2,284,331 217,618 543,484 171,594 682,573 9,230,775 8,548,202 2009 12,961,656 11,811,481 7,175,511 2,055,721 2,761,737 1,935,945 231,018 594,774 -181,488 1,150,175 7,827,336 6,677,161 2010 14,119,213 13,121,044 7,497,682 2,098,717 3,335,881 2,496,978 249,845 589,058 188,764 998,169 10,013,538 9,015,369 2011 14,312,200 13,349,437 7,798,976 2,167,595 3,346,945 2,558,491 219,898 568,556 35,921 962,763 10,419,700 9,456,937 2012 14,686,917 13,593,547 8,035,105 2,254,282 3,282,131 2,567,030 204,125 510,976 22,029 1,093,370 10,345,375 9,252,005 2013 15,221,201 13,835,433 8,249,261 2,226,226 3,371,155 2,677,103 200,431 493,621 -11,209 1,385,768 10,580,252 9,194,484 3,676,446 3,474.723 2,035,510 600.220 822,034 694.278 35.508 92,248 16.959 201.723 2.481.695 2.279.972 II 3,709,075 3,347,371 2,020,616 513,827 830.875 667.403 47,525 115,947 -17.947 361.704 2.690.455 2.328.751 3,858,380 3,477,279 2,093.072 537,534 846.499 685,733 38,436 122,330 174 381.101 2.671.175 2.290.074 ry 3.977.300 3.536.060 2,100.063 574,645 871.747 629.689 78.962 163,096 -10.395 441.240 2.736.927 2.295.687 2014 16,084,003 14,411,459 8,555,138 2,330,700 3,471,557 2,801,306 210,036 460,215 54,064 1,672,544 11,271,704 9,599,160 3,848.723 3371.565 2,094,012 630,325 836.098 709.263 40.700 86,135 11.130 277.158 2.606.918 2,329,760 II 3,917,365 3.504.685 2,111,651 528,990 858.533 708,385 41,059 109,089 5,511 412,680 2.854,313 2,441,633 4,089,643 3.694.839 2,197,131 564.812 899.961 739,327 46,058 114,576 32,935 394,804 2.880.666 2,485,862 ry4,228,272 3.640.370 2,152,344 606.573 876.965 644,331 82,219 150,415 4,488 587,902 2.929.807 2.341.905 2015(1) 16,772,559 14,577,786 8,777,721 2,296,253 3,451,817 2,814,638 196,020 441,159 51,995 2,194,773 11,079,721 8,884,948 1(r) 4,158,432 3,600.127 2,154.444 614,798 828.974 716.953 27,845 84,176 1,911 558,305 2.678,760 2.120.455 II(p) 4,052,043 3558,776 2,146,570 528,874 847,363 692,943 48,276 106,144 35,969 493,267 2,677,762 2,184,495 M(r) 4,201,720 3,714,131 2,250,871 556,326 908,173 748.127 49,765 110,281 -1,239 487,589 2,785,604 2,298,015 N(r) 4,360.364 3,704,752 2,225,836 596,255 867,307 656.615 70,134 140,558 15,354 655,612 2.937,595 2.281,983 2016(1) 17,244,542 14,859,421 9,033,426 2,327,247 3,467,536 2,816,474 203,082 447,980 31,212 2,385,121 11,578,389 9,193,268 I (I) 4,247,907 3,697,218 2,242,062 625,873 823,933 709.589 30.045 84,299 5,350 550,689 2,723,863 2,173,174 ( 4,212,891 3596,450 2,207.572 531,796 845,259 689.487 48,518 107,254 11,823 616,441 2.905.371 2,288,930 4,329.607 3,787,361 2,308,077 564.088 907.877 747.902 47,824 112,151 7,319 542,246 2.940.901 2,398.655 P/(1) 4.454,137 3,778,392 2.275.715 605.490 890.467 669,496 76,695 144.276 6.720 675.745 3,008.254 2.332.509 -4- EFTA01126174 Table 3-2 Expenditures on Gross Domestic Product Composition at Current Prices Unit:% Period Total Domestic Demand Demand of Rest of The World Subtotal Private Final Consumption Government Final Consumption Gross Faxed Capital Formation Changes in Inventories Subtotal Exports of Goods and Services Less: Imports of Goods and Services Private Enterprises Public Enterprises Government 2007 100.00 92.05 53.69 14.34 23.91 18.66 137 3.68 0.12 7.95 69.74 61.79 2008 100.00 94.81 55.21 15.14 23.16 17.37 1.65 4.13 1.30 5.19 70.19 65.00 2009 100.01) 91.13 55.36 15.86 21.31 14.94 1.78 4.59 •1.40 8.87 60.39 51.51 2010 100.00 92.93 53.10 14.86 23.63 17.68 1.77 4.17 1.34 7.07 70.92 63.85 2011 1011.00 93.27 54.49 15.15 23.39 17.88 1.54 3.97 0.25 6.73 72.80 66.08 2012 100.1)0 92.56 54.71 1535 22.35 17.48 139 3.48 0.15 7.44 70.44 62.99 2013 100.00 90.90 54.20 14.63 22.15 17.59 132 3.24 -0.07 9.10 69.51 60.41 100.00 94.51 55.37 16.33 22.36 18.88 0.97 2.51 0.46 5.49 67.50 62.02 11 100.00 90.25 54.48 13.85 22.40 17.99 1.28 3.13 -0.48 9.75 72.54 62.79 111 100AX) 90.12 54.25 13.93 21.94 17.77 1.00 3.17 0.00 9.88 69.23 59.35 Iv 100AX) 88.91 52.80 14.45 21.92 15.83 1.99 4.10 -0.26 11.09 68.81 57.72 2014 100.00 89.60 53.19 14.49 21.58 17.42 1.31 2.86 034 10.40 70.08 59.68 I 100AX) 92.80 54.41 16.38 21.72 18.43 1.06 2.24 0.29 7.20 67.73 60.53 II 100AX) 89.47 53.90 13.50 21.92 18.08 1.05 2.78 0.14 10.53 72.86 62.33 100.00 90.35 53.72 13.81 22.01 18.08 1.13 2.80 0.81 9.65 70.44 60.78 IV 100.00 86.10 50.90 14.35 20.74 15.24 1.94 3.56 0.11 13.90 69.29 55.39 2015(f) 100.00 86.91 52.33 13.69 20.58 16.78 1.17 2.63 031 13.09 66.06 52.97 1(r) I 00 AX) 86.57 51.81 14.78 19.93 17.24 0.67 2.02 0.05 13.43 64.42 50.99 II (p) 100AX) 87.83 52.98 13.05 20.91 17.10 1.19 2.62 0.89 12.17 66.08 53.91 MO) 100AX) 88.40 53.57 13.24 21.61 17.81 1.18 2.62 -0.03 11.60 66.30 54.69 IV(f) 100AX) 84.96 51.05 13.67 19.89 15.06 1.61 3.22 0.35 15.04 67.37 52.33 2016(f) 100.00 86.17 52.38 13.50 20.11 16.33 1.18 2.60 0.18 13.83 67.14 53.31 I (1) 100AX) 87.04 52.78 14.73 19.40 16.70 0.71 1.98 0.13 12.96 64.12 51.16 (f) 100AX) 85.37 52.40 12.62 20.06 16.37 1.15 2.55 0.28 14.63 68.96 54.33 (f) 100AX) 87.48 53.31 13.03 20.97 17.27 1.10 2.59 0.17 12.52 67.93 55.40 IV(f) 100AX) 84.83 51.09 13.59 19.99 15.03 1.72 3.24 0.15 15.17 67.54 52.37 -5- EFTA01126175 Table 3-3 Expenditures on Gross Domestic Product Growth Rates In Chained Volume Indexes (yoy) Unit:% Period Economic Growth Rate Domestic Demand Demand of Rest of The World Subtotal Private Final Consumption Government Final Consumption Gross Faxed Capital Formation Changes in Inventories Subtotal Exports of Goods and Services Less: Imports of Goods and Services Private Enterprises Public Enterprises Government 2007 6.52 1.83 2.42 2.20 1.14 1.88 2.20 -2.80 10.45 2.89 2008 0.70 -2.44 -1.69 1.54 -11.13 -14.15 -1.98 0.44 0.55 -4.13 2009 -1.57 4.51 0.01 3.22 -8.81 -15.32 237 14.07 -8.42 -13.22 2010 10.63 10.29 3.76 1.05 19.31 27.63 7.49 -2.92 25.67 28.03 2011 3.80 037 3.12 1.95 -1.15 1.20 -13.44 -5.78 - - 4.20 -0.46 2012 2.06 0.63 1.82 2.16 -2.61 -0.35 -7.42 -10.95 - - 0.41 -1.78 2013 2.23 2.01 2.35 -1.15 4.98 6.67 2.96 -2.70 - - 3.51 3.34 1.41 1.92 0.92 -0.37 6.29 7.59 18.56 -6.50 - 4.17 5.22 11 2.60 0.97 2.45 -1.71 5.11 7.66 3.05 -6.99 - 4.64 2.49 1.45 0.90 1.75 -0.95 1.17 2.96 -11.67 -3.79 - 1.74 0.96 ry 3.40 4.25 4.32 -1.50 7.54 8.84 5.20 3.89 - 3.63 4.81 2014 3.77 3.46 2.95 3.69 1.84 3.46 4.42 -8.04 - 5.90 5.75 3.41 2.35 2.37 4.17 0.94 1.40 14.36 -7.63 - 4.26 2.91 II 3.87 3.50 3.30 2.35 1.63 4.32 -14.82 -7.34 - 5.03 4.70 DI 4.32 5.06 3.76 3.89 4.83 6.27 19.27 -8.08 - 7.62 9.21 ry 3.47 2.90 2.38 4.29 -0.01 1.70 4.46 -8.74 - 6.50 6.09 2015(1) 1.56 1.99 3.05 -1.42 1.62 2.65 -3.71 -2.18 - - 1.15 1.96 1(r) 3.84 1.38 3.53 -2.66 -0.20 1.76 -30.40 -1.92 - 6.13 2.71 It(p) 0.52 3.04 2.85 0.05 1.33 0.38 22.80 -0.53 - -1.30 2.15 0.10 1.51 2.94 -1.42 4.14 4.36 12.69 -0.80 - -0.39 1.64 Pi(I) 1.90 2.01 2.90 -1.64 1.04 4.14 -12.86 -4.56 - 1.39 1.40 2016(f) 2.70 1.91 2.51 1.19 1.65 1.33 4.76 2.33 - - 3.93 2.93 I (1) 2.03 2.64 2.63 2.25 2.50 2.11 11.09 2.78 - 1.60 2.51 II (f) 3.39 0.85 2.32 0.13 0.99 0.84 2.45 1.29 - 6.40 3.06 111(1) 3.25 1.93 2.48 1.10 0.19 0.18 -3.57 1.93 - 4.88 3.27 IV(f) 2.16 2.23 2.60 1.33 3.05 2.33 9.86 3.17 - 2.87 2.84 -6- EFTA01126176 Table 3-4 Expenditures on Gross Domestic Product Contributions to Economic Growth Rate (yoy) Unit: percentage points Period Economic Growth Rate Domestic Demand Demand of Rest of The World Subtotal Private Final Consumption Government Final Consumption Gross Faxed Capital Formation Changes in Inventories Subtotal Exports of Goods and Services Less: Imports of Goods and Services Private Enterprises Public Enterprises Government 2007 6.52 1.38 1.33 0.32 0.28 0.35 0.03 -0.11 -0.55 5.14 6.87 1.73 2008 0.70 -2.24 -0.91 0.22 -2.66 -2.64 -0.03 0.02 1.11 2.94 0.39 -2.55 2009 -1.57 -4.25 0.01 0.49 -2.04 -2.66 0.04 0.58 -2.70 2.68 -5.91 -8.59 2010 10.63 9.56 2.08 0.17 4.12 4.13 0.13 -0.13 3.20 1.07 15.50 14.44 2011 3.80 0.53 1.65 0.29 -0.27 0.21 -0.24 -0.24 -1.14 3.27 2.98 -0.29 2012 2.06 0.59 0.99 033 -0.61 -0.06 -0.11 -0.44 -0.12 1.47 0.30 -1.18 2013 2.23 1.86 1.29 -0.18 1.11 1.16 0.04 -0.09 -0.36 0.37 2.48 2.10 1.41 1.85 0.55 -0.06 1.40 1.41 0.17 -0.18 -0.04 -0.44 2.88 3.32 II 2.60 0.92 1.34 -0.26 1.16 1.37 0.04 -0.25 -1.33 1.69 3.28 1.60 DZ 1.45 0.83 0.94 -0.15 0.27 0.54 -0.14 -0.13 -0.23 0.62 1..” 0.61 ry 3.40 3.78 2.23 -0.23 1.64 1.37 0.11 0.16 0.13 -0.37 2.58 2.95 2014 3.77 3.14 1.60 0.54 0.41 0.61 0.06 -0.26 0.60 0.63 4.10 3.47 3.41 2.16 1.32 0.60 0.20 0.21 0.16 -0.17 0.03 1.25 2.95 1.70 II 3.87 3.18 1.79 0.34 0.35 0.77 -0.19 -0.23 0.70 0.69 3.52 2.83 fl( 4.32 4.57 2.03 0.56 1.07 1.11 0.21 -0.25 0.92 -0.25 5.27 5.52 ry 3.47 2.60 1.26 0.64 0.01 0.34 0.05 -0.38 0.69 0.86 4.53 3.67 2015(I) 1.56 1.78 1.62 -0.21 0.35 0.46 -0.05 -0.06 0.01 -0.22 0.95 1.17 1(r) 3.84 1.25 1.94 -0.38 -0.04 0.32 -0.32 -0.04 -0.27 2.59 4.21 1.62 I(p) 0.52 2.72 1.52 0.01 0.29 0.06 0.24 -0.01 0.91 -2.20 -0.92 1.28 0.10 1.36 1.56 -0.20 0.90 0.78 0.14 -0.02 -0.90 -1.25 -0.28 0.97 1.90 1.78 1.50 -0.25 0.22 0.65 -0.26 -0.17 0.31 0.12 0.98 0.86 2016(f) 2.70 1.66 1.31 0.16 0.34 0.22 0.06 0.06 -0.16 1.04 2.59 1.55 I (0 2.03 2.29 1.37 0.31 0.53 0.34 0.10 0.09 0.09 -0.26 1.07 1.33 II (0 3.39 0.70 1.21 0.02 0.19 0.13 0.03 0.03 -0.72 2.69 4.23 1.53 3.25 1.66 1.30 0.15 -0.01 4102 -0.04 0.05 0.22 1.59 3.23 1.64 IV(0 2.16 1.97 1.37 0.18 0.64 0.44 0.13 0.07 all 0.19 1.87 1.68 Explanation: Contributions of component X on s season at I year= (Pxt.i/PGDpi.ix(rX.,.— rXi.I.JhGDPvi,+(rXt.arGDP,A, — rX,. iirGDP,..)x(Px vi/Pocci.i —Px,.2/Pom.2))x100%. where rX : Chained dollar of component X : rGDP : real GDP(reference year = 2011) : Px : Deflators of component X : Pap : Deflators of GDP. -7- EFTA01126177 Table 4-1 Gross Domestic Product by Kind of Activity At Current Prices Unit:Million NT$ Period GDP Agriculture. Forestry. Fishing and Animal Husbandry Industry Service Statistical Discre- Parley Mining and Quarrying Manufac- luring Electricity and Gas Supply Water Supply and Rerredialson Services Construe- lion Wholesale and Retail Trade Transpona- lion and Storage Information and Communi- cation Finance and Insurance Real Estate and Ownership of Dwellanp (I) Public uuJ Minix C<cerolsory ScoalSeanny Other (2) 2007 13.407.062 191.886 4.504.852 21.279 3.916.754 134.882 91.249 340.688 8337.881 2,207.831 398.123 424.288 943359 1,115,934 947.340 2.500.806 172.443 2008 13,150,950 201.656 4,175333 21647 3.678.114 39.959 90.877 344.736 8.635.831 2.251.642 379.770 434.811 912.842 1,127,873 988.665 2.540,228 138.130 2009 12.961.656 215.109 4.096.400 17.042 3.484,377 187.971 88,880 318.130 8.495.170 2.180.030 357.779 440.195 797.605 1,161,762 994.245 2.563,554 154.977 2010 14.119.213 224.828 4.784.526 18.415 4.122,165 182,902 95.785 365.259 9.065.393 2346.794 423.989 458.177 871.744 1.196.515 1.034.284 2.733.890 44.466 2011 14312.200 245.783 4.725.408 17,174 4.102.225 126.013 96.943 383.053 9.341.009 2.443.613 398.441 461.781 915,039 1.211.679 1.054319 2.856.137 0 2012 14.686.917 242,400 4.756.737 15.500 4.120.882 134.895 100,937 384.323 9-525.363 2.451,902 416.669 462,034 932.853 1.241,814 1.076339 2,943.752 162.417 3.589.361 55.118 1.121.951 3.954 968.555 24.268 22.684 102.490 2.403.511 602.657 103.118 112.089 228360 296.381 314.071 746.835 8.781 11 3353.329 66,058 1.167351 3.656 1.029.981 9383 27.848 96.683 2.312,594 596.566 95.827 110.461 245378 307.085 253.028 704.249 6.926 3.766440 60.596 1.282.913 3,338 1.104.067 55.887 25.929 91692 2.361.586 592.125 108.187 118.800 236.193 303.089 263373 739.819 61.545 IV 3.777.587 60.628 1.184.122 4.552 1.018.279 45.157 24.476 91458 2.447.672 660.554 109337 120.684 222922 335.259 245.867 752.849 85.165 2013 15,221.201 255,782 4,995,184 15,597 4,269.190 201682 99,617 407.098 9,794,705 2345,181 422,092 462,587 970.154 1,282,170 1.060.854 3,051,667 175,530 3.676.446 58.944 1.163.537 4.045 988.954 39.195 21.971 109.372 2.459.710 621.202 103.246 112.038 231.069 311.272 311.987 768.896 -5.745 11 3.709.075 67.574 1.240.619 3,781 1.071.010 38.649 27.499 99.680 2.377.566 614.299 96.834 111.874 257.824 318.542 252873 725.320 23.316 3158.380 60,725 1.344.603 3,308 1.145.440 70.899 25.978 98.978 2.417.296 613.475 109.268 117.594 244.677 308.706 255.608 767.968 35.756 IV 3.977300 68.539 1246.425 4.463 1.063.786 54,939 24.169 99.068 2340,133 696.205 112.744 121.081 236.584 343.650 240.386 789.483 122.203 2014 16,084,003 296,110 5,371,477 16379 4.585.000 242.132 96,661 430.805 10.090.281 2,596,777 453.921 459.569 1.041.714 1,300,596 1.070350 3,167,154 326.135 1 3.848.723 76,721 1.227.429 3.775 1.031.655 57393 21.411 112395 2.518382 628.565 106.640 112.228 246.677 314.967 316.184 793.521 25.791 3.917.365 78.034 1.337.102 3.893 1.146.780 52.441 26.857 107.131 2.447.509 630.118 99.697 111.317 277366 323.269 252,233 753.109 54.720 ni 4.089.643 67.380 1.433.787 3.708 1.216.328 82.743 25.375 105.633 2.501.310 625.304 116.662 115.401 275.105 312.638 258.137 798.063 87.166 IV 4.228.272 73,975 1.373.159 5.503 1.190.237 49.155 23.018 105.246 2.622.680 712.790 130.922 120.623 242.166 349.722 243,996 822.461 158.458 2015 1(r) 4,158.432 68.314 1.422.434 4.556 1.210.595 69.219 20.640 117.424 2.604,847 642.052 139.516 111.277 256.361 321.280 315.068 819.293 62.837 VP/ 4.052.043 77.996 1.434.699 3,939 1.226.414 67.520 25.638 111.188 2.502.488 629.657 121.207 109.230 291.328 330.450 251.300 769.316 36360 Explanation : (I) Real Estate and Ownership of Dwellings consists of real estate development. operation. related activities and dwellings services. The dwellings services (including those rental and owner-occupied imputed) accounted for about 80% of total real estate and dwellings services. (2) Includes accommodation and food services. professional. scientific and technical services. support services. education, human health and social week services. ans. entertainment and recreation. other services. import duties and value-added tax. - 8 - EFTA01126178 Table 4-2 Gross Domestic Product by Kind of Activity Composition at Current Prices Unit:% Period Total (1) Agriculture. Forestry. Fishing and Animal Husbandry Industry Service Mining and Quarrying Manufac- turing Electricity and Gas Supply Water Supply and Remediation Services Construe- tion Wholesale and Retail Trade Transpona- lion and Storage Information and Communi- cation Finance and Insurance Real Estate and Ownership cot Dwelbnp (2) Public Administration and Defence Compri/wry Social Security Other (3) 2007 100.00 1.45 34.04 0.16 29.59 1.02 0.69 2.57 64.51 16.68 3.01 3.21 7.13 8.43 7.16 18.90 2008 100.00 1.55 32.09 0.17 28.27 0.31 0.70 2.65 66.36 17.30 2.92 3.34 7.01 8.67 7.60 1932 2009 100.00 1.68 31.99 0.13 2711 1.47 0.69 2.48 66.33 17.02 2.79 3.44 6.23 9.07 7.76 20.02 2010 100.00 1.60 33.99 0.13 2919 1.30 0.68 2.60 64.41 16.67 3.01 3.26 6.19 8.50 7.35 19.42 2011 100.00 1.72 33.02 0.12 28.66 0.88 0.68 2.68 65.27 17.07 2.78 3.23 6.39 8.47 7.37 19.96 2012 100.00 1.67 32.75 0.11 28.37 0.93 0.69 2.65 65.58 16.88 2.87 3.18 6.42 8.55 7.41 20.27 100.00 1.54 31.33 0.11 27.05 0.68 0.63 2.86 67.13 16.83 2.88 3.13 6.38 8.28 8.77 20.86 II 100.00 1.86 32.93 0.10 29.04 0.27 0.79 2.73 65.21 16.82 2.70 3.11 6.92 8.66 7.13 19.86 100.00 1.64 34.63 0.09 29.80 1.51 0.70 2.53 63.74 15.98 2.92 3.21 6.37 8.18 7.11 19.97 Iv 100.00 1.64 32.07 0.12 27.58 1.22 0.66 2.48 66.29 17.89 2.97 3.27 6.04 9.08 6.66 20.39 2013 100.00 1.70 3310 0.10 2837 135 0.66 2.71 65.10 16.92 2.81 3.07 645 8.52 7.05 2018 100.00 1.60 31.60 0.11 26.86 1.06 0.60 2.97 66.80 16.87 2.80 3.04 6.28 8.45 8.47 20.88 n 100.00 1.83 33.66 0.10 29.06 1.05 0.75 2.70 64.51 16.67 2.63 3.04 7.00 8.64 6.86 19.68 Ill 100.00 1.59 35.17 0.09 29.96 1.85 0.68 2.59 63.24 16.05 2.86 3.08 6.40 8.08 6.69 20.09 Br 100.00 1.78 32.33 0.12 27.59 1.43 0.63 2.57 65.89 18.06 2.92 3.14 6.14 8.91 6.24 20.48 2014 100.00 1.88 34.09 011 29.10 134 0.61 2.73 64.03 16.48 2.88 2.92 6.61 8.25 6.79 20.10 100.00 2.01 32.11 0.10 26.99 1.51 056 2.95 65.89 16.44 2.79 2.94 6.45 8.24 8.27 20.76 a 100.00 2.02 34.62 0.10 29.69 1.36 0.70 2.77 63.36 16.31 2.58 2.88 7.19 8.37 653 19.50 81 100.00 1.68 3512 0.09 30.39 2.07 0.63 2.64 62.49 15.62 2.91 2.88 6.87 7.81 6.45 19.94 100.00 1.82 33.74 0.14 29.25 1.21 0.57 2.59 64.44 17.51 3.22 2.96 5.95 8.59 6.00 20.21 2015 1 (r) 100.00 1.67 34.73 0.11 29.56 1.69 0.50 2.87 63.60 15.68 3.41 2.72 6.26 7.84 7.69 20.00 (P) 100.00 1.94 35.73 0.10 30.54 1.68 0.64 2.77 62.33 15.68 3.02 2.72 7.26 8.23 6.26 1916 Explanation : (I) Statistical Discrepancy is not included. (2) Real Estate and Ownership of Dwellings consists of real estate development. operation. related activities and dwellings services. The dwellings services (including those rental and owner-occupied imputed) accounted for about 80% of total real estate and dwellings services. (3) Includes accommodation and food services. professional, scientific and technical services. support services, education. human health and social work services. ans, entertainment and recreation. other services. import duties and value-added tax. -9- EFTA01126179 Table 4-3 Gross Domestic Product by Kind of Activity Growth Rates in Chained Volume Indexes (yoy) Unit:% Period Economic Growth Rate Agriculture. Forestry. Fishing and Animal Husbandry Industry Service Mining and Quarrying Manufac- luring Electricity and Gas Supply Water Supply and Remediation Services Construe- lion Wholesale and Retail Trade Transpona. lion and Storage Information and Communi- calm, Finance and Insurance Real Estate and Ownership oltwelbnp Public Adnaniwntion and Defence : Compulsory Social Security Other 12) 2008 0.70 0.03 -0.21 -11.82 0.70 -2.80 2.89 -9.88 0.75 2.25 0.31 4.73 -3.66 0.52 0.97 0.50 2009 -1.57 -2.61 -3.62 -11.99 -342 27.68 -0.55 -9.60 -0.69 -1.91 -340 4.30 -7.17 1.95 0.82 0.51 2010 10.63 2.24 20.32 47.04 22.24 5.15 2.18 11.48 5.80 6.44 6.99 9.02 733 3.18 3.10 6.27 2011 3.80 4.52 6.06 -3.98 6.86 3.24 -3.68 1.79 3.02 4.02 234 4.26 4.04 1.10 0.03 3.59 2012 2.06 -3.20 333 -1.01 3.72 2.93 6.40 -1.39 1.27 1.10 1.83 3.05 1.09 1.81 0.70 1.10 0.78 -4.70 1.26 0.10 1.34 4.28 8.74 -2.71 0.85 0.33 2.24 5.01 2.55 -1.95 2.37 0.66 U 0.42 -2.59 ISO 1.28 2.14 0.86 6.75 -1.97 152 1.03 1.37 4.51 031 236 1.41 154 2.31 0.59 4.20 -2.60 5.17 -9.15 5.63 -0.43 1.02 0.64 2.20 1.92 -0.96 2.97 -1.38 1.80 CV 4.63 -5.68 5.73 -2.45 5.97 12.16 4.90 -0.19 1.68 2.32 I30 1.08 231 3.75 0.50 0.42 2013 213 345 1.62 -3.72 1-54 3.45 0.51 2.50 210 1.44 8.12 2.93 320 2.54 -0.78 2.35 1.41 6.45 1.46 -2.41 1.29 -0.62 0.19 3.75 1.98 1.54 6.62 2.17 0.73 4.22 .0.08 1.96 2.60 8.73 0.40 -2.56 0.46 -1.38 0.87 0.75 1.86 0.30 8.38 3.83 439 2.86 -0.19 1.37 18 1.45 -9.35 1.96 -2.80 1.77 13.97 1.37 1.06 1.63 0.34 7.49 2.22 3.92 1.17 -159 231 CV 3.40 7.15 2.58 -6.45 236 1.68 -0.40 4.95 3.29 3.38 9.93 3.52 5.93 1.99 -1.28 3.68 2014 3.77 3.36 5.60 -4.98 630 1.19 040 1.71 218 2.64 2.10 1.36 6.62 0.72 0.03 2.20 3.41 5.00 3.15 -14.70 3.38 9.70 0.72 0.36 2.06 1.96 2.69 2.00 6.80 0.54 -0.10 1.96 U 3.87 -2.06 5.81 -8.65 6.26 18.29 -0.42 3.35 2.71 4.07 3.90 1.73 6.85 0.90 -0.42 2.03 18 432 1.33 6.84 -3.12 7.86 0.12 1.72 1.25 2.75 2.88 1.43 0.29 11.40 035 0.21 2.28 3.47 8.77 6.29 4.93 7.26 -10.52 -0.41 2.01 1.66 1.78 052 1.50 1.18 0.86 0.44 2.48 2015 I (0 3.84 -4.96 6.01 2.86 7.19 -1.80 -2.60 0.43 1.26 1.34 2.72 1.01 3.21 1.00 0.21 0.89 11(p) 0.52 2.14 -0.71 .6.48 -0.15 -8.12 -2.82 -1.35 0.40 -133 0.83 1.75 4.74 1.11 0.68 -0.23 Explanation : (I) Real Estate and Ownership of Dwellings consists of real estate development. operation. related activities and dwellings services. The dwellings services (including those rental and owner-occupied imputed) accounted for about 80% of total real estate and dwellings services. (2) Includes accommodation and food services. professional. scientific and technical services. support services, education. human health and social work services. ans. entertainment and recreation. other services. import duties and value-added tax. - 10- EFTA01126180 Table 4-4 Gross Domestic Product by Kind of Activity Contributions to Economic Growth Rate Uni : percentage points Period Economic Growth Rate Agriculture. Forestry. Fishing and Animal Husbandry Industry Service Mining and Quarrying Manufac- wring Electricity and Gas Supply Water Supply and Remediation Services Construe- lion Wholesale and Retail Trade Transpona- tion and Storage Information and Communi- cation Finance and Insurance Real Estate and Owocnhip of Dwellings Public Admniettntion and Defence : Cumpubory Social Secursty Other 12) 2008 0.70 0.00 .0.05 -0.02 011 -0.01 0.02 -0.25 0.48 0.38 0.01 0.15 -0.26 0.04 0.07 0.09 2009 -1.57 -0.04 •1.16 -0.02 .0.97 0.08 0.00 -0.25 -0.46 -0.33 -0.10 0.14 -0.50 0.17 0.1)6 0.10 2010 10.63 0.04 6.47 0.06 6.05 0.05 0.02 0.29 3.85 1.10 0.20 0.31 046 0.29 0.24 1.25 2011 3.80 0.07 2.07 -0.01 2.01 0.05 .0.03 0.05 1.92 0.67 0.09 0.14 015 0.09 0.00 0.68 2012 2.06 -0.05 1.08 0.00 1.07 0.01 0.04 -0.04 0.84 0.19 0.05 0.10 0.07 0.15 0.05 013 0.78 -0.08 0.32 0.00 0.43 -0.09 0.05 -0.07 0.62 0.08 0.06 0.16 0.16 -0.16 0.18 0.14 0.42 -0.04 0.64 0.00 0.60 0.04 0.05 -0.05 0.97 0.17 0.04 0.14 0.05 0.19 0.11 027 2.31 0.00 1.43 0.00 1.48 -0.09 0.04 0.00 0.67 0.07 0.07 0.06 -0.06 023 -1109 0.39 Iv 4.63 -0.10 1.93 0.00 1.71 0.21 0.04 -0.03 1.07 0.42 0.04 0.03 0.13 0.34 0.02 0.09 2013 213 0.06 0.54 0.00 OAS 0.03 0.00 0.07 1AS 014 0.23 0.09 014 0.22 -0.06 048 1.41 0.10 0.47 0.00 0.39 -0.03 0.00 0.11 1.37 0.27 0.21 0.07 0.05 0.36 0.00 0.41 2.60 0.16 0.14 0.00 0.13 -0.02 0.01 0.02 1.21 0.05 0.23 0.12 0.32 0.24 -0.01 0.26 OI 1.45 -0.15 0.63 0.00 0.49 0.10 0.01 0.03 1.05 0.06 0.21 0.07 0.25 0.09 -1112 0.49 Ey 3.40 0.13 0.86 -0.01 0.73 0.04 0.00 0.10 2.14 0.58 0.28 0.11 0.34 0.18 -1110 0.75 2014 327 0.06 1.86 -0.01 179 0.03 0.00 0.05 1.48 0.45 0.06 0.04 043 0.06 0.00 044 3.41 0.08 0.97 -0.02 0.90 0.06 0.01 0.02 1.36 0.36 0.07 0.06 043 0.05 -0.01 0.40 327 -0.04 1.92 -0.01 1.77 0.06 0.00 0.10 1.75 0.68 0.11 0.05 047 0.08 -0.04 0.40 N 4.32 0.02 2.39 0.00 2.35 -0.01 0.01 0.04 1.78 0.44 0.05 0.01 034 0.05 0.01 0.48 Rt 347 0.16 2.11 0.01 2.07 -0.01 0.00 0.04 1.07 0.32 0.01 0.05 0.08 0.07 0.04 0.50 2015 I (r) 3.84 -0.10 1.95 0.00 1.94 0.00 -0.01 0.02 0.80 0.22 0.09 0.03 0.21 0.08 0.01 0.16 11(P) 0.52 0.05 -0.23 -0.01 -0.04 -0.12 -0.02 -0.04 0.25 -0.25 0.02 0.05 0.34 0.09 0.05 -0.05 Explanation : 1. Contributions of component X on s season at I year=1Px,. ifPaph.ix(rX„— rX,..frGDP, 4)c4Pici.i/Pcop,, — Px,JPGDft.2)Ix100%. where rX : Chained dollar of component X : rGDP : real GDINre f trance year = 2011) Px : Deflators of component X : Papp : Deflators of GDP. 2. (I) Real Estate and Ownership of Dwellings consists of real estate development. operation. related activities and dwellings services. The dwellings services (including those rental and owner-occupied imputed) accounted for about 80% of total real estate and dwellings services. (2) Includes accommodation and food services, professional. scientific and technical services. support services. education. human health and social work services. arts. entertainment and recreation, other services. import duties and value-added tax. EFTA01126181 Table 5 Gross National Savings and Gross Domestic Investment Period Gross National Savings Gross Domestic Investment Difference between Savings and Investment Amount (Million NT$) Percent of GNI (Savings Ratio) 96 Amount Million NT$) Percent of GNI (Investment Ratio) 96 Amount (Million NTS) Percent of GNI (",, Percent of Gross National Savings (96) Percent of Gross Domestic Investment 96) 2007 4,322,467 31.46 3,221,482 23.45 1,100,985 8.01 25.47 34.18 2008 3,987,872 29.62 3,217,027 23.89 770,845 5.72 19.33 23.96 2009 3,918,237 29.29 2,580,249 19.29 1,337,988 10.00 34.15 51.85 2010 4,821,815 33.14 3,524,645 24.23 1,297,170 8.92 26.90 36.80 2011 4,624,899 31.46 3,382,866 23.01 1,242,033 8.45 26.86 36.72 2012 4,611,020 30.45 3,304,160 21.82 1,306,860 8.63 28.34 39.55 2013 4,905,644 31.35 3,359,946 21.47 1,545,698 9.88 31.51 46.00 1,167,535 30.59 838,993 21.98 328,542 8.61 28.14 39.16 II 1,203,830 31.84 812,928 21.50 390,902 10.34 32.47 48.09 IQ 1,263,197 31.90 846,673 21.38 416,524 10.52 32.97 49.20 IV 1,271,082 31.08 861,352 21.06 409,730 10.02 32.23 47.57 2014 5,257,272 31.76 3,525,621 21.30 1,731,651 10.46 32.94 49.12 I 1,257,718 31.29 847,228 21.08 410,490 10.21 32.64 48.45 II 1,317,757 32.63 864,044 21.40 453,713 11.24 34.43 52.51 1,312,679 31.35 932,896 22.28 379,783 9.07 28.93 40.71 1,369,118 31.77 881,453 20.46 487,665 11.32 35.62 55.33 2015(f) 6,010,193 34.77 3,503,812 20.27 2,506,381 14.50 41.70 71.53 I (r) 1,485,682 34.23 830,885 19.14 654,797 15.08 44.07 78.81 (p) 1,448,438 34.61 883,332 21.11 565,106 13.50 39.01 63.97 (f) 1,471,209 34.15 906,934 21.05 564,275 13.10 38.35 62.22 IV(f) 1,604,864 36.06 882,661 19.83 722,203 16.23 45.00 81.82 2016(f) 6,346,024 35.64 3,498,748 19.65 2,847,276 15.99 44.87 81.38 I (f) 1,548,745 34.91 829,283 18.69 719,462 16.22 46.45 86.76 II (f) 1,579,681 36.36 857,082 19.73 722,599 16.63 45.74 84.31 1,551,985 34.83 915,196 20.54 636,789 14.29 41.03 69.58 N(f) 1,665,613 36.43 897,187 19.62 768,426 16.81 46.13 85.65 -12- EFTA01126182 Table 6 Exports and Imports Unit:Million US$,% Period Exports and Imports of Goods and Services (National Accounts) Custom Exports and Imports of Merchandise Exports Imports Balance Exports (FOB) Imports (CIF) Balance Amount Change Rate Amount Change Rate Amount I Change Rate Amount I Change Rate 2007 285,147 11.42 251,844 8.14 33,303 246,677 10.12 219,252 8.17 27,425 2008 294,572 3.31 272,201 8.08 22,371 255,629 3.63 240,448 9.67 15,181 2009 237,630 -19.33 202,234 -25.70 35,396 203,675 -20.32 174,371 -27.48 29,304 2010 317,636 33.67 285,134 40.99 32,502 274,601 34.82 251,236 44.08 23,364 2011 355,243 11.84 321,424 12.73 33,819 308.257 12.26 281,438 12.02 26,820 2012 350,094 -1.45 311,967 -2.94 38,127 301,181 -2.30 270,473 -3.90 30,708 2013 357,366 2.08 309,589 -0.76 47,777 305,441 1.41 269,897 -0.21 35,544 I 84,611 103 77,508 2.74 7,103 72,615 2.42 67,967 4.38 4,648 II 90,427 2.35 78,005 -3.25 12,422 77,824 2.38 67,798 -3.63 10,026 Ei 89,374 0.47 76,377 -3.17 12,997 76,178 -0.81 65,997 -3.36 10,181 IV 92,954 2.52 77,699 0.87 15,255 78,825 1.75 68,135 2.14 10,690 2014 372,568 4.25 317,364 2.51 55,204 313,696 2.70 274,026 1.53 39,670 I 86,316 2.02 77,129 •0.49 9,187 73,306 0.95 66,824 -1.68 6,482 II 94,567 4.58 80,897 3.71 13,670 80,044 2.85 70,319 3.72 9,724 El 96,118 7.55 82,945 8.60 13,173 81,217 6.62 70,965 7.53 10,252 IV 95,567 2.81 76,393 -1.68 19,174 79,129 0.39 65,917 -3.25 13,212 2015th 352,189 -5.47 282,467 -11.00 69,722 291,423 -7.10 239,055 -12.76 52,368 1(r) 84,817 -1.74 67,137 -12.95 17,680 70,240 -4.18 56,829 -14.96 13,410 11(p) 86,696 -8.32 70,735 -12.56 15,961 72,188 -9.81 59,839 -14.90 12,349 10(t) 88,124 -8.32 72,699 -1235 15,425 73,053 -10.05 60,948 -14.12 12,105 IV(t) 92,552 -3.16 71,896 -5.89 20,656 75,942 -4.03 61,439 -6.79 14,503 2016(1) 364,789 3.58 289,643 2.54 75,146 303,095 4.01 248,146 3.80 54,949 I (0 85,818 1.18 68,468 1.98 17,350 71,054 1.16 58,840 3.54 12,214 E (0 91,537 5.58 72,115 1.95 19,422 76,459 5.92 61,842 3.35 14,617 IS(t) 92,656 5.14 75,572 3.95 17,084 77,391 5.94 64,147 5.25 13,244 IV(t) 94,778 2.41 73,488 2.21 21,290 78,191 2.96 63,317 3.06 14,874 -13- EFTA01126183 Table 7-1 Expenditures on GDP, Seasonally Adjusted Chained dollars (Reference year = 2011) Unit:Million NT$ Real GDP Domestic Demand Private Final Consumption Government Final Consumption Gross Capital Formation Demand of Rest of the World Exports of Goods Imports of Goods and Services and Services 2011 /013 I\ 2014 I\ 2015 I (r) Ii(p) IV(n 2016 I (0 (0 W(f) 3,623,402 3,341,677 3,617,722 3,368,519 3,678,939 3,376,407 3,687,506 3,347,248 3,684,187 3,408,844 3,708,457 3,400,419 3,736,645 3,410,935 3,804,384 3,483,704 3,820,570 3,508,984 3,847,556 3,519,569 3,905,352 3,572,528 3,923,367 3,576,920 3,945,737 3,553,263 3,879,383 3,628,939 3,925,448 3,628,756 3,987,265 3,648,540 4,012,453 3,650,104 4,017,795 3,661,829 4,053,185 3,698,633 4,080,004 3,725,077 1,981,609 551,740 808,328 281,725 2,563,672 2,281,947 1,980,895 557,426 830,198 249,203 2,568,243 2,319,040 1,994,544 549,396 832,467 302,532 2,661,527 2,358,995 1,983,859 555,885 807,504 340,258 2,668,689 2,328,431 2,007,213 548,742 853,050 275,250 2,671,479 2,396,229 2,024,728 547,305 828,458 308,468 2,693,652 2,385,184 2,032,028 545,117 833,898 326,314 2,704,130 2,377,816 2,063,553 547,731 872,670 321,174 2,760,575 2,439,401 2,065,604 572,296 871,300 311,440 2,788,477 2,477,037 2,088,513 560,981 870,234 327,965 2,840,475 2,512,510 2,101,563 567,270 904,338 332,384 2,903,963 2,571,579 2,111,930 569,083 896,340 346,294 2,935,496 2,589,202 2,133,172 554,597 865,345 395,396 2,948,202 2,552,806 2,149,028 562,371 918,320 246,350 2,817,988 2,571,638 2,164,494 560,231 904,454 294,027 2,896,296 2,602,269 2,176,326 560,274 912,460 338,079 2,960,579 2,622,500 2,190,111 566,661 893,014 364,588 2,990,262 2,625,674 2,200,049 563,621 897,972 356,000 3,003,409 2,647,409 2,217,518 566,221 915,086 353,260 3,034,697 2,681,437 2,231,601 567,620 926,276 353,672 3,051,267 2,697,595 Explanation : The chained-dollar (reference year=20I1) estimates are not additive. -14- EFTA01126184 Table 7-2 Expenditures on GDP, Seasonally Adjusted Growth Rates Unit: % Period Growth Rate (scar) Domestic Demand Demand of Rest of the World Private Final Consumption Government Final Consumption Gross Capital Formation Exports of Goods and Services Imports of Goods and Services 2012 10.54 12.20 7.57 4.76 31.23 -2.34 -1.44 II -0.63 3.25 -0.14 4.19 11.27 - 0.72 6.66 6.94 0.94 2.78 -5.64 1.10 - 15.34 7.07 Iv 0.93 -3.41 -2.13 4.81 -11.47 - 1.08 -5.08 2013 I -0.36 7.57 4.79 -5.04 24.54 - 0.42 12.17 II 2.66 -0.98 3.54 -1.04 -11.04 - 3.36 -1.83 ID 3.08 1.24 1.45 -1.59 2.65 - 1.57 -1.23 IV 7.45 8.81 6.35 1.93 19.94 - 8.61 10.77 2014 1.71 2.93 0.40 19.18 -0.63 - 4.10 6.32 11 2.86 1.21 4.51 -7.68 -0.49 - 7.67 5.85 6.15 6.16 2.52 4.56 16.62 - 9.24 9.74 IV 1.86 0.49 1.99 1.28 -3.49 4.41 2.77 2015 I (r) 2.30 -2.62 4.08 -9.80 -13.13 1.74 -5.51 11(p) -6.56 8.80 3.01 5.73 26.83 -16.53 2.98 Ill(t) 4.83 -0.02 2.91 -1.51 -5.90 11.59 4.85 Arifl 6.45 2.20 2.20 0.03 3.59 - 9.18 3.15 2016 I (0 2.55 0.17 2.56 4.64 -8.26 - 4.07 0.48 II (1) 0.53 1.29 1.83 -2.13 2.24 - 1.77 3.35 3.57 4.08 3.21 1.86 7.84 - 4.23 5.24 IV& 2.67 2.89 2.56 0.99 4.98 - 2.20 2.43 -15- EFTA01126185 Table 8 Indicators for Private Final Consumption Expenditure Unit:% Period Trade and Eating-Drinking places Activity Surveys Annual Rate of the Sales of Retail Trade Annual Rate of Non-specialized Retail Sales Annual rate of the Sales of Eating- Drinking places Production Indexes of Domestic Consumer Goods Annual Rate Stock Trading on TSEC and GTSM Market Annual Rate Number of New Registered Private Passenger Cars Annual Rate Outbound Departure of Nationals of the R.O.0 Annual Rate Retail Sales Volume of Credit Cards Annual Rate People Aged 65 and above as the Percentage of Total Population (End of Period) 2007 2008 2009 2010 2011 2012 2013 I II DI ry 2014 I II DT Iv 2015 I II Apr. May Jun. 3.5 -1.2 1.5 6.3 6.3 2.4 2.0 0.9 1.3 1.3 4.3 3.9 3.1 4.6 4.8 3.1 1.9 0.4 0.7 0.4 4.3 2.2 2.2 7.0 6.6 5.1 2.9 1.3 2.6 4.0 3.6 5.1 4.0 5.6 5.1 5.8 4.8 4.7 4.5 5.8 3.9 4.9 2.3 0.5 7.6 8.4 3.6 1.6 2.0 0.1 1.4 2.9 3.1 4.8 4.6 2.6 0.3 1.9 2.5 2.5 4.1 0.9 -2.1 -4.8 -8.5 18.2 15.0 -5.9 -5.9 -2.9 -5.9 -8.6 -6.0 2A -3.3 1.7 4.3 6.6 3.6 -10.2 -8.8 -13.4 -8.1 43.2 -29.3 18.8 -3.1 -10.8 -23.2 -0.9 -30.7 12.4 10.1 17.0 23.0 33.3 33.6 23.8 3.5 -13.5 -9.4 -5.2 -8.5 -14.2 -13.2 -31.4 40.5 2.8 16.5 -4.0 6.4 -3.5 6.5 0.7 21.4 12.4 10.0 20.5 16.3 4.3 9.1 -5.3 -0.6 -12.1 -3.2 3.4 -5.6 -3.8 15.6 1.8 6.8 7.9 5.7 5.5 10.6 9.7 7.2 6.0 13.4 3.3 6.4 12.1 11.0 15.6 10.1 7.7 2.4 -1.4 -2.1 12.7 8.5 5.6 8.5 7.2 8.0 7.7 I. 8.1 4.7 9.2 10.4 7.9 7.9 10.6 7.4 5.1 17.5 10.21 10.43 10.63 10.74 10.89 11.15 11.53 11.25 11.31 11.39 11.53 11.99 11.65 11.75 11.85 11.99 12.14 12.22 12.19 12.21 12.22 Sources: Ministry of Economic Affairs, Ministry of Transportation and Communications, Banking Bureau and Securities and Futures Bureau, Financial Supervisory Commission, Ministry of Interior. — 16— EFTA01126186 Table 9 Indicators for Private Gross Fixed Capital Formation Unit:% Period Production Index of Manufacturing Investment Goods (Rate of Change) Production Index of Buildings Construction (Rate of Change) Import of Capital Goods (Rate of Change) Loans for Construction (Rate of Change) NT dollars US dollars Machinery and Equipment Other 2007 7.8 -0.5 3.7 2.6 -1.2 7.8 23.5 2008 -1.4 -9.3 -13.1 -9.0 -0.2 -19.7 4.0 2009 -17.3 -19.1 -18.5 -22.3 -17.1 -30.2 -3.7 2010 30.5 -9.2 61.6 68.8 79.8 49.4 23.0 2011 11.4 7.6 -12.1 -5.6 -6.4 -3.8 10.5 2012 -5.1 7.1 -5.9 -6.7 -13.5 7.5 7.3 2013 -1.9 3.7 5.4 5.3 8.4 0.0 1.8 I -4.2 12.3 13.2 14.7 13.8 16.3 3.4 II -3.6 -5.3 3.1 2.4 3.0 1.4 1./ in -3.6 6.1 -7.0 -7.0 -6.3 -8.2 1.5 IV 3.4 2.7 14.0 12.7 25.8 -6.2 1.8 2014 13.5 10.6 5.2 3.3 -4.4 17.4 8.7 I 12.0 -6.9 5.3 2.6 3.5 0.8 6.0 14.0 22.5 5.2 4.1 -6.0 22.8 6.4 III 16.0 5.3 13.1 13.1 2.1 32.2 7.9 IV 12.1 19.5 -1.7 -5.3 -15.4 14.3 8.7 2015 I 8.2 1.5 -5.3 -9.4 -16.5 3.4 6.5 II 1.5 7.1 -2.1 -4.3 -3.7 -5.2 5.9 Apr. 2.7 21.2 -11.8 -14.5 -16.6 -11.0 6.2 May -1.6 2.6 -2.2 -3.7 3.2 -11.5 6.2 Jun. 3.4 -1.3 7.3 4.8 3.6 6.7 5.9 Sources: Ministry of Economic Affairs, Ministry of Finance, Central Bank. —17— EFTA01126187 Table 10 Major Indicators of Consumer Banking Period Credit Card Cash Card (NTS100 Million) Consumer Loans Active Cards* (10.000 Cards) Retail Sales (NTS100 Million) Volume Delinqu- ency Ratio* (%) Write-off Amount (NTS100 Million) Card in Force* (10.000 Cards) Delinqu- ency Ratio* (96)Write-off Amount (NTS100 Million) House sHouse- repairing Loans CarLoans Employee? Welfare Loans Other Consumer Loans Revloving Credit for Credit Card Annual Growth Rate (96)Cash Card 2007 1,976 14,135 2.4 1.89 642.6 140 6.29 357.2 65,690 45,056 8,328 899 1,218 7,544 1,249 2,645 2008 1,946 13,941 -1.4 1.59 385.0 III 3.59 205.3 64,709 45,875 7,897 639 962 6,960 877 2,376 2009 1,883 13,654 -2.1 0.96 232.2 87 2.27 90.2 65,916 48,166 7,557 542 819 6,842 653 1,990 2010 1,953 15,389 12.7 0.45 115.1 72 1.77 30.6 67,171 51,093 6,133 589 700 7,035 517 1,622 2011 2,076 16,691 8.5 031 60.8 65 137 17.4 67,807 52,740 4,829 730 670 7,433 418 1,404 2012 2,150 17,628 5.6 0.32 50.1 58 1.27 10.8 68,441 54,203 3,805 848 629 7,648 348 1,308 2013 2,256 19,133 8.5 0.29 50.0 53 1.14 8.6 70,060 56,468 2,980 1,044 563 7,828 297 1,177 1 1175 4.500 7.2 0.33 13.3 57 1.25 2.4 68,112 54.308 3.574 897 603 7.488 328 1.242 II 2.199 4.915 8.0 0.27 12.2 55 1.24 2.2 68,592 54.840 3.363 946 589 7.636 317 1,217 Ill 2.251 4.712 7.7 0.29 12.5 54 1.26 2.1 69,031 55.459 3.160 990 576 7.649 306 1,197 w 2.256 5.006 11.1 0.29 12.0 53 1.14 1.9 70,060 56.468 2.980 1.044 563 7.828 297 1.177 2014 2,437 20,683 8.1 0.27 42.6 49 1.08 7.0 72,027 58,670 2,387 1,168 495 8,184 255 1,122 1 2313 4313 4.7 0.29 12.0 52 1.09 1.9 70,130 56,788 2,812 1.076 541 7371 280 1.141 II 2.341 5368 9.2 0.23 10.2 51 1.05 1.7 70,887 57,507 2,659 1,127 525 7,928 272 1.142 III 2382 5.202 10.4 0.26 10.3 50 1.08 1.7 71,364 58,071 2,517 1,155 509 7,983 264 1.129 IV 2.437 5.400 7.9 0.27 10.1 49 1.08 1.7 72,027 58,670 2,387 1,168 495 8.184 255 1.122 2015 I 2.453 5,085 7.9 0.27 11.1 48 1.12 1.6 71.901 58,795 2,262 1.165 487 8.114 242 1.079 II 2.468 5.935 10.6 0.23 10.4 48 1.17 1.5 72,413 59,267 2.133 1.164 477 8291 236 1.081 Sources: Banking Bureau. Financial Supervisory Commission and Central Bank. Note : *End of period data. -18- EFTA01126188 Table 11 Economic Growth Rates of Major Countries Unit:% Period ROC(Taiwan) yoy US* yoy Japan yoy EU28• Germany France UK China yoy HK South Korea yoy Singapore yoy sear soar scar 2007 6.52 - 1.8 -2.2 3.1 3.3 2.4 2.6 14.2 - 6.5 5.5 - 9.1 - 2008 0.70 - -0.3 --1.0 0.5 1.1 0.2 -0.3 9.6 - 2.1 2.8 - 1.8 - 2009 -1.57 - -2.8 --5.5 -4.4 -5.6 -2.9 -4.3 9.2 - -2.5 0.7 - -0.6 - 2010 10.63 - 2.5 -4.7 2.1 4.1 2.0 1.9 10.6 - 6.8 6.5 - 15.2 - 2011 3.80 - 1.6 --0.5 1.7 3.6 2.1 1.6 9.5 - 4.8 3.7 - 6.2 - 2012 2.06 - 2.2 -1.7 -0.5 0.4 0.2 0.7 7.7 - 1.7 2.3 - 3.4 - 2013 2.23 - 1.5 -1.6 0.1 0.1 0.7 1.7 7.7 - 3.1 2.9 - 4.4 - I 1.41 -0.36 1.1 1.9 0.4 5.3 -0.7 -0.6 0.1 0.9 7.8 7.0 3.4 2.1 2.4 2.7 5.0 II 2.60 2.66 0.9 1.1 IA 2.9 0.0 0.1 1.2 1.7 7.5 7.4 3.1 2.7 4.1 4.1 8.9 1.45 3.08 1.5 3.0 2.2 2.0 0.3 0.3 0.8 1.6 7.9 9.5 3.1 3.2 3.6 5.5 0.5 Iv 3.40 7.45 2.5 3.8 2.3 -0.9 1.0 1.1 1.0 2.4 7.6 7.4 2.8 3.5 3.6 5.4 7.4 2014 3.77 - 2.4 --0.1 1.3 1.6 0.2 3.0 7.4 - 2.5 3.3 - 2.9 - I 3.41 1.71 1.7 -0.9 2.4 4.4 1.4 2.3 0.7 2.7 7.4 6.6 2.7 3.9 4.5 4.6 1.8 II 3.87 2.86 2.6 4.6 -0.4 -6.8 1.3 1.4 -0.2 3.0 7.5 7.8 2.0 3.4 2.0 2.3 -0.5 4.32 6.15 2.9 4.3 -IA -2.0 1.3 1.2 0.2 3.0 7.3 7.8 2.9 3.3 3.2 2.8 2.6 Iv 3.47 1.86 2.5 2.1 -1.0 1.2 1.4 1.5 0.0 3.4 7.3 6.1 2.4 2.7 1.2 2.1 4.9 2015 I 3.84 2.30 2.9 0.6 -0.9 3.9 1.5 1.0 0.8 2.9 7.0 5.7 ?.1 2.5 3.2 2.8 4.1 U 0.52 -6.56 2.3 2.3 2.6 7.0 7.0 2.2 1.2 1.8 -4.0 Source : Countries' official websites. Explanation : yoy (year on year) means the growth rates to the correspondent quarter of previous year: saar (seasonally adjusted annualized rate) means the annualized growth rate of seasonally adjusted value compared to the previous quarter. Note : •Seasonal adjusted annualized rate (quarter on quarter). -19- EFTA01126189 Table 12 The Changes of Consumer Price Indices for Major Countries Unit:% PC11011 ROC(Taiwan) US I Japan I China I South Korea Singapore IFood Food Food Food Food I Food 11K Pool Indonesia Germany Philippines I Food I Food Food 2007 2008 2009 2010 2011 2012 2013 2014 Jul. Aug. Sep. Oct. Nov. Dec. 2015 Jan.—Jul. Jan. Feb. Mat Apr. May Jun. Jul. 1.80 2.86 2.9 4.0 0.1 0.3 4.8 12.3 23 23 2.1 3.0 2.0 4.3 6.4 11.4 2.3 3.9 2.9 33 3.52 8.55 3.8 5.5 1.4 2.6 5.9 14.3 4.7 4.9 6.5 7.7 4.3 10.1 9.8 17.0 2.6 6.0 83 12.9 -0.86 -0.44 -0.4 1.8 -13 0.2 -0.7 0.7 2.8 7.6 0.6 23 0.6 13 4.8 7.2 0.3 -13 4.2 5.9 0.96 0.62 1.6 0.8 -0.7 -0.3 3.3 7.2 3.0 6.4 2.8 1.4 23 2.4 5.1 9.4 1.1 1.2 3.8 4.2 1.42 2.26 3.2 3.7 -0.3 -0.4 5.4 11.8 4.0 8.1 53 3.0 5.3 7.0 5.4 8.7 2.1 2.8 4.6 5.5 1.93 4.16 2.1 2.6 0.0 0.1 2.7 4.8 2.2 4.0 4.5 23 4.1 5.8 4.3 5.9 2.0 3.4 3.2 2.4 0.79 1.27 13 1.4 0.4 -0.1 2.6 4.7 13 0.9 2.4 2.1 4.4 4.4 6.4 11.9 13 3.9 3.0 2.8 1.20 3.74 1.6 2.4 2.7 3.8 2.0 3.1 13 03 1.0 2.9 4.4 4.1 6.4 6.8 0.9 1.0 4.1 6.7 1.76 4.28 2.0 2.5 3.4 4.5 23 3.7 1.6 1.1 1.2 3.0 4.1 4.1 4.5 12 0.8 0.2 4.9 8.2 2.07 5.59 1.7 2.7 3.3 4.9 2.0 3.0 1.4 -0.5 1.0 2.7 3.9 4.1 4.0 1.8 0.8 0.5 4.9 8.3 0.71 1.42 1.7 3.0 13 5.1 1.6 2.3 1.1 0.2 0.6 2.8 6.6 3.8 4.5 4.6 0.8 1.0 4.4 7.4 1.05 3.33 1.7 3.1 2.9 3.8 1.6 2.5 1.2 0.5 0.2 2.7 5.2 4.2 4.8 5.2 0.8 0.9 4.3 7.0 0.85 3.65 1.3 3.2 2.4 2.9 1.4 23 1.0 1.7 -0.3 2.8 5.1 4.4 6.2 8.0 0.6 0.3 3.7 6.5 0.60 433 0.8 3.4 2.4 3.1 1.5 2.9 0.8 2.0 -0.1 2.7 4.8 3.9 8.4 10.6 0.2 -0.6 2.7 5.5 -0.65 2.13 -0.1 2.3 1.4 33 13 2.1 0.6 1.7 -0.4 2.1 3.7 3.8 6.9 7.4 0.3 03 1.9 3.5 -0.94 4.46 -0.1 3.2 2.4 4.2 0.8 1.1 0.8 1.9 -0.4 2.2 4.1 3.7 7.0 8.2 -0.3 -1.0 2A 5.4 -0.20 3.10 0.0 10 2.2 4.1 1 A 7.4 03 1.6 -03 2.5 4.6 19 63 63 0.1 -0.2 25 4.8 -0.62 1.42 -0.1 23 23 4.2 1 A 2.3 OA 0.6 -0.3 2.1 4.6 43 6A 6.0 0.3 0.2 2.4 4.3 -0.82 1.49 -0.2 2.0 0.6 2.7 1.5 2.7 0.4 0.5 -0.5 2.1 2.8 3.2 6.8 6.3 03 1.3 2.2 3.9 -0.73 0.89 0.0 1.6 0.5 3.1 1.2 1.6 03 2.2 -0.4 1.8 3.0 3.7 7.2 7.9 0.7 1.4 1.6 3.2 -0.56 1.87 0.1 1.8 0.4 2.5 1.4 1.9 0.7 2.7 -03 2.0 3.1 4.2 7.3 8.6 0.3 1.1 1.7 2.1 -0.66 1.77 1.6 2.7 0.7 2.3 7.3 8.7 0.8 1.3 Source International Financial Statistics (IMF) and official websites. Explanation 1. The CPIs of Taiwan, South Korea and Germany source from official websites, others source from IMF. 2. Change rates of food source from official websites. -20- EFTA01126190 Table 13 Summary of Earning and Productivity Statistics in Taiwan Area Period Employees on payrolls Industry & services Manufa curing Industry & services (Thousand person) Avenge monthly working hours of all employees (Hour) Accessions (%) Monthly earnings Separations of all employees (%) (dollars) Employees on payrolls (Thousand person) Monthly earnings of all employees (dollars) Index of labor productivity (2011=100) Index of unit output labor cost (2011=100) Industry (Thousand person) Services (Thousand person) Re gular earnings (dollars) Annual growth rate (% ) 2007 6,524 3,024 3,501 180.4 2.58 238 44,392 36,319 1.67 2.541 43.178 83.03 118.64 2008 6,632 3,045 3,587 179.7 235 2.46 44,367 36