The average disposable income per household last year reached NT$1.165 million (US$38,820), setting a new record high and increasing 2.5 percent year-on-year, the Directorate-General of Budget, Accounting and Statistics’ (DGBAS) latest “Family Income and Expenditure” report showed on Friday.
The median disposable income per household last year was NT$985,000, also an increase of 2.5 percent from the previous year, the report said.
After excluding household size factors, the average disposable income per person last year was NT$419,000, an increase of 2.9 percent compared with the previous year, while the median figure was NT$356,000, up 1.8 percent, it said.
Photo: CNA
The DGBAS attributed the increases to Taiwan’s economy growing steadily, driving up people’s disposable income.
Last year, the nation’s GDP grew 4.84 percent, while the unemployment rate dropped to 3.38 percent, the agency said.
With increases to the minimum wage, the overall income level in Taiwan thus increased, it added.
Notably, the average annual income of all age groups also reached record levels last year, with that of people younger than 30 climbing to NT$559,000, up 2.5 percent from the previous year and setting a new record, the DGBAS said.
The average annual income for those aged 30 to 34 was NT$727,000 and for those aged 35 to 39 NT$818,000, the agency said.
The average income was NT$903,000 for those aged 40 to 44, NT$944,000 for those aged 45 to 54, NT$832,000 for the 55-to-64 age group, and NT$492,000 for people aged 65 and older, it said.
The DGBAS projected Taiwan’s GDP to grow 4.45 percent this year, an upward revision of 1.35 percentage points from its previous forecast in May, with GDP per capita at US$38,066.
GDP growth next year is expected to reach 2.81 percent, with GDP per capita surpassing US$40,000 for the first time at US$41,019, it said.
A magnitude 7.0 earthquake struck off Yilan at 11:05pm yesterday, the Central Weather Administration (CWA) said. The epicenter was located at sea, about 32.3km east of Yilan County Hall, at a depth of 72.8km, CWA data showed There were no immediate reports of damage. The intensity of the quake, which gauges the actual effect of a seismic event, measured 4 in Yilan County area on Taiwan’s seven-tier intensity scale, the data showed. It measured 4 in other parts of eastern, northern and central Taiwan as well as Tainan, and 3 in Kaohsiung and Pingtung County, and 2 in Lienchiang and Penghu counties and 1
FOREIGN INTERFERENCE: Beijing would likely intensify public opinion warfare in next year’s local elections to prevent Lai from getting re-elected, the ‘Yomiuri Shimbun’ said Internal documents from a Chinese artificial intelligence (AI) company indicated that China has been using the technology to intervene in foreign elections, including propaganda targeting Taiwan’s local elections next year and presidential elections in 2028, a Japanese newspaper reported yesterday. The Institute of National Security of Vanderbilt University obtained nearly 400 pages of documents from GoLaxy, a company with ties to the Chinese government, and found evidence that it had apparently deployed sophisticated, AI-driven propaganda campaigns in Hong Kong and Taiwan to shape public opinion, the Yomiuri Shimbun reported. GoLaxy provides insights, situation analysis and public opinion-shaping technology by conducting network surveillance
‘POLITICAL GAME’: DPP lawmakers said the motion would not meet the legislative threshold needed, and accused the KMT and the TPP of trivializing the Constitution The Legislative Yuan yesterday approved a motion to initiate impeachment proceedings against President William Lai (賴清德), saying he had undermined Taiwan’s constitutional order and democracy. The motion was approved 61-50 by lawmakers from the main opposition Chinese Nationalist Party (KMT) and the smaller Taiwan People’s Party (TPP), who together hold a legislative majority. Under the motion, a roll call vote for impeachment would be held on May 19 next year, after various hearings are held and Lai is given the chance to defend himself. The move came after Lai on Monday last week did not promulgate an amendment passed by the legislature that
Taiwan is gearing up to celebrate the New Year at events across the country, headlined by the annual countdown and Taipei 101 fireworks display at midnight. Many of the events are to be livesteamed online. See below for lineups and links: Taipei Taipei’s New Year’s Party 2026 is to begin at 7pm and run until 1am, with the theme “Sailing to the Future.” South Korean girl group KARA is headlining the concert at Taipei City Hall Plaza, with additional performances by Amber An (安心亞), Nick Chou (周湯豪), hip-hop trio Nine One One (玖壹壹), Bii (畢書盡), girl group Genblue (幻藍小熊) and more. The festivities are to
RSS