CEPD Sets 2006 Economic Growth Target at 4.5%

        The Council for Economic Planning and Development (CEPD) has set the following economic targets for 2006: economic growth, 4.5%; per-capita gross national product (GNP), US$15,700; unemployment rate, under 4%; and consumer price index (CPI) increase, no more than 2%.

　　The CEPD reports that the focus of the current administration this year will be on expanding domestic demand and creating an environment for sustainable development that features economic growth, price stability, and a low rate of unemployment. To achieve the goal of expanding domestic demand, besides continuing to carry out the Ten New Construction Projects and the Guidelines and Action Plans for Service Industry Development the government will also implement six major new economic revitalization measures, including the strengthening of urban renewal and a reasonable lightening of the tax burden with the aim of stimulating private investment and consumption.

　　Other major macroeconomic indicators for 2006 are shown in Table 2. For more related information, please consult http://www.cepd.gov.tw/upload/News/941128@297093.6798908776@.pdf.

Table 2  Major Projected Macroeconomic Indexes for 2006

　

Index	Unit	2005 (estimated)	2006 (targets)
Economic Scale and Price Movements
Growth Rate	%	3.80	4.5
Per-capita GNP	US$	15,659	15,700
Consumer Price Inflation	%	2.23	Not above 2.0
Manpower
Unemployment Rate	%	4.10	Not above 4.0
Employment Growth Rate	%	1.57	1.1
Labor Participation Rate	%	57.8	57.8
Structure of Demand (% of GDP)
National Consumption	%	75.99	75.68
Domestic Investment	%	21.00	20.72
Trade Surplus	%	3.02	3.60

Source: Overall Planning Department, CEPD (http://www.cepd.gov.tw/)

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