The Taiwanese economy expanded 1.78 percent year-on-year in Q4 2018, compared to an advance estimate of 1.76 percent but below an upwardly revised 2.38 percent growth in the previous period. It is the slowest expansion since Q2 2016. Gross capital formation slowed sharply (9.42% vs 17.33% in Q3), on lower investment in machinery & equipment and private consumption was barely unchanged (1.67% vs 1.69%), as weaker sales of ICT products and a slump in financial services were offset by higher spending during local elections and referendums. Also, the contribution from net trade was more negative as exports rose only 1.29% (vs 1.35% in Q3) despite imports slowed (4.29% vs 4.68% in Q3). Conversely, government spending rebounded markedly (3.55% vs -1.47%). On a seasonally adjusted quarterly basis, the economy grew 0.37 percent, after an upwardly revised 0.47 percent in Q3. For the whole 2018, the GDP advanced 2.63%, below 3.08% in 2017. For 2019, it is projected to grow by 2.27%. GDP Annual Growth Rate in Taiwan averaged 6.77 percent from 1962 until 2018, reaching an all time high of 17.06 percent in the third quarter of 1978 and a record low of -8.12 percent in the first quarter of 2009.

GDP Annual Growth Rate in Taiwan is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Taiwan to stand at 2.20 in 12 months time. In the long-term, the Taiwan GDP Annual Growth Rate is projected to trend around 1.50 percent in 2020, according to our econometric models.

Taiwan GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-31 08:00 AM GDP Growth Rate YoY Adv 2.28% 3.3% 2.2% 3%
2018-11-30 08:10 AM GDP Growth Rate YoY Final 2.27% 3.3% 2.28% 2.28%
2019-01-31 08:00 AM GDP Growth Rate YoY Adv 1.76% 2.27% 2.0% 2.1%
2019-02-13 08:10 AM GDP Growth Rate YoY Final 1.78% 2.38% 1.76% 1.76%
2019-04-30 08:00 AM GDP Growth Rate YoY Adv 1.78% 2.1%
2019-05-25 08:00 AM GDP Growth Rate YoY Final 1.78% 2.1%
2019-07-31 08:00 AM GDP Growth Rate YoY Adv 1.8%


Taiwan GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.37 0.47 5.64 -5.07 percent [+]
GDP Annual Growth Rate 1.78 2.38 17.06 -8.12 percent [+]
GDP 572.59 530.61 572.59 42.30 USD Billion [+]
GDP Constant Prices 4228121.00 4212456.00 4228121.00 604229.00 TWD Million [+]
Gross National Product 4626530.00 4462754.00 4710479.00 82082.00 TWD Million [+]
Gross Fixed Capital Formation 950274.00 990331.00 990331.00 8907.00 TWD Million [+]
GDP From Agriculture 62607.00 48392.00 72053.00 39800.00 TWD Million [+]
GDP From Construction 85213.00 102287.00 121071.00 41088.00 TWD Million [+]
GDP From Manufacturing 1355769.00 1393802.00 1393802.00 130647.00 TWD Million [+]
GDP From Mining 4138.00 3312.00 15925.00 2701.00 TWD Million [+]
GDP From Public Administration 256320.00 274154.00 280931.00 85791.00 TWD Million [+]
GDP From Services 2819703.00 2670451.00 2819703.00 317742.00 TWD Million [+]
GDP From Transport 129144.00 125446.00 129144.00 20691.00 TWD Million [+]
GDP From Utilities 41593.00 34279.00 61237.00 5349.00 TWD Million [+]


Taiwan GDP Annual Growth Rate

Taiwan’s economy is export oriented. As such, manufacturing is crucial and accounts for around 31 percent of GDP. Like in most advanced economies, the services sector is the biggest and constitutes nearly 65 percent of GDP. Within services, the most important are wholesale and retail trade (17.3 percent of GDP); real estate (8 percent of GDP); and public administration and defense (6.4 percent of GDP). This page provides - Taiwan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.78 2.38 17.06 -8.12 1962 - 2018 percent Quarterly




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.18 Dec/18
Saudi Arabia 3.60 Dec/18
South Korea 3.10 Dec/18
United States 3.00 Dec/18
Russia 2.70 Dec/18
Australia 2.30 Dec/18
Spain 2.30 Dec/18
Netherlands 2.20 Dec/18
Mexico 1.70 Dec/18
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
United Kingdom 1.40 Dec/18
Singapore 1.30 Mar/19
Brazil 1.10 Dec/18
Euro Area 1.10 Dec/18
South Africa 1.10 Dec/18
France 1.00 Dec/18
Germany 0.60 Dec/18
Japan 0.30 Dec/18
Italy 0.00 Dec/18
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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