Taiwan Birth Rate Could Hit New Low in 2024

Data released by the Ministry of the Interior is predicting Taiwan’s birth rate to hit a new low in 2024, raising fears over future labor shortages.

Transcript

00:00Taiwan reported 64,000 babies born in the first half of 2024. That's less than half

00:06of last year's total and a potential new low.

00:09Taiwan's birth rate was at its lowest in 2023, with 130,000 babies born. But experts

00:16were hopeful 2024, the year of the dragon, would see a new surge in births. It's one

00:22of the luckiest years on the Chinese zodiac to have a child and statistically has the

00:26highest births on the 12-year rotation. But data from the first half of this year shows

00:32that might not be the case, and it could signal a future labor shortage.

00:36Maybe people don't think it's important to have a child in the middle of the year.

00:40What's more serious is that the birth rate is going down. Everyone knows this is a national

00:45security crisis.