Taiwan GDP Annual Growth Rate  1962-2017 | Data | Chart | Calendar

The Taiwanese economy advanced 2.6 percent year-on-year in the first quarter of 2017, slightly higher than a preliminary estimate of 2.56 percent growth and following a downwardly revised 2.79 percent in the previous period. Growth slowed for private consumption (1.95 percent from 2.01 percent in Q4 of 2016), investments (4.1 percent from 5.8 percent) and contracted for government spending (-4.8 percent from 1.3 percent). Net external demand registered a less positive contribution, as exports rose by slower 7.4 percent (from 8 percent) while imports advanced 7.7 percent (from 9.6 percent). On a quarterly basis, the GDP expanded 0.9 percent, following 0.4 percent growth in the previous period. GDP Annual Growth Rate in Taiwan averaged 6.89 percent from 1962 until 2017, 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.

Taiwan GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-15 08:00 AM Q4 2.88% 2.12% 2.58% 2.63%
2017-04-28 12:30 AM Q1 2.56% 2.88% 2.45% 3%
2017-05-26 08:00 AM Q1 2.6% 2.79% 2.56% 2.7%
2017-07-29 12:30 AM Q2 2.6% 2.2%
2017-08-19 08:30 AM Q2 2.6%
2017-10-28 12:30 AM Q3 1.9%




Taiwan GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.94 0.35 5.64 -5.07 percent [+]
GDP Annual Growth Rate 2.60 2.79 17.06 -8.12 percent [+]
GDP 523.01 530.04 530.04 42.30 USD Billion [+]
GDP Constant Prices 4034977.00 3997376.00 4034977.00 604229.00 TWD Million [+]
Gross National Product 4310588.00 4594814.00 4594814.00 99800.00 TWD Million [+]
Gross Fixed Capital Formation 870419.00 963504.00 964529.00 8907.00 TWD Million [+]
GDP From Agriculture 46828.00 60392.00 72053.00 39800.00 TWD Million [+]
GDP From Construction 96112.00 79583.00 121071.00 41088.00 TWD Million [+]
GDP From Manufacturing 1138212.00 1242347.00 1275942.00 130647.00 TWD Million [+]
GDP From Mining 3156.00 3744.00 15925.00 2701.00 TWD Million [+]
GDP From Public Administration 267595.00 252361.00 280931.00 85791.00 TWD Million [+]
GDP From Services 2559778.00 2686530.00 2686530.00 317742.00 TWD Million [+]
GDP From Transport 117446.00 119140.00 119140.00 20691.00 TWD Million [+]
GDP From Utilities 29459.00 41612.00 61237.00 5349.00 TWD Million [+]


Taiwan GDP Annual Growth Rate Notes

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 defence (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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.79 17.06 -8.12 1962 - 2017 percent Quarterly



gdp annual growth rate by Country

Last
India 7.00 Dec/16
China 6.90 Mar/17
Indonesia 5.01 Mar/17
Turkey 3.50 Dec/16
Netherlands 3.40 Mar/17
Spain 3.00 Mar/17
Mexico 2.80 Mar/17
South Korea 2.70 Mar/17
Australia 2.40 Dec/16
United Kingdom 2.00 Mar/17
United States 2.00 Mar/17
Canada 1.90 Dec/16
Euro Area 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.60 Mar/17
France 1.00 Mar/17
Italy 0.80 Mar/17
Switzerland 0.60 Dec/16
Russia 0.50 Mar/17
Brazil -2.50 Dec/16