According to the National Statistical Office of the Executive Yuan, the economic growth rate for 2023 was only 1.12%, affected by weak end demand and inventory adjustments. However, thanks to the significant rise in the Taiwan stock market, the average household wealth hit a new record of NT$18.89 million, a year-on-year increase of NT$1.16 million and a growth rate of 6.56%.

The average financial liabilities per household also rose to NT$2.42 million, with both figures reaching historical highs. The National Statistical Office reported that the Weighted Index of the Taiwan stock market increased by 26.83% in 2023, reaching 17,931 points, becoming the key driver for the growth in household assets. As the stock market surged, the average value of securities per household increased by NT$610,000, with total assets averaging NT$3.41 million. Additionally, due to rate hikes by the central bank, both time deposit and foreign currency deposits increased to NT$2.38 million, with a year-on-year increase of NT$160,000.

Despite the increase in assets, household debts also rose, with the average domestic financial liabilities reaching NT$2.42 million, an increase of NT$110,000 compared to the previous year, mainly due to rising mortgage amounts, reflecting the dual pressure of high housing prices and interest rate hikes on household finances. Furthermore, the reserves for life insurance and retirement funds increased to NT$4.11 million, indicating a heightened awareness of investment and retirement planning among the public.

At the end of 2023, the total national wealth accumulated reached NT$320.48 trillion, an increase of 3.18% year-on-year, and the net national wealth was NT$252.82 trillion, a year-on-year increase of 2.35%. Compared to 2019, over five years, national wealth has grown by more than NT$50 trillion, with an increase of 19.19%. The National Statistical Office emphasized that despite weak end demand and inventory destocking affecting 2023 GDP growth, the strong performance of the capital market effectively supported the growth of household wealth, showcasing the resilience and diversity of Taiwan's asset structure.