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

The Taiwanese economy expanded 2.13% year-on-year in Q2 2017, slightly above a preliminary reading of 2.1% and compared to an upwardly revised 2.66% in Q1, final figures showed. On the demand side, private consumption rose slightly more than anticipated (2.05% compared to 2% in the preliminary reading), mainly due to spending on financial transactions and foreign travels. Gross capital formation growth was also revised higher (0.17% compared to 0.1%) and the contribution from net trade was nearly the same (exports went up 4.97% compared to 5% and imports rose 7.4% compared to 4%). On the other hand, public spending rose slightly less (0.82% compared to 1%). On the production side, the manufacturing sector grew by 3.81% (3.86% in the first estimate), mainly due a surge in the output of semiconductor and machinery-and-equipment. The wholesale & retail trade sector expanded 2.95%, in line with earlier figures. The economy is expected to grow 2.11% in 2017 in 2.27% next year. GDP Annual Growth Rate in Taiwan averaged 6.87 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 Actual Previous Consensus TEForecast
2017-05-26 08:00 AM GDP Growth Rate YoY Final 2.6% 2.79% 2.56% 2.7%
2017-07-28 08:00 AM GDP Growth Rate YoY Adv 2.1% 2.6% 2.1% 2.2%
2017-08-18 08:30 AM GDP Growth Rate YoY Final 2.13% 2.66% 2.1% 2.1%
2017-10-31 08:00 AM GDP Growth Rate YoY Adv 2.13% 1.9%
2017-11-25 08:00 AM GDP Growth Rate YoY Final 2.13%


Taiwan GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.12 0.86 5.64 -5.07 percent [+]
GDP Annual Growth Rate 2.13 2.66 17.06 -8.12 percent [+]
GDP 523.01 530.04 530.04 42.30 USD Billion [+]
GDP Constant Prices 4036331.00 4031572.00 4036331.00 604229.00 TWD Million [+]
Gross National Product 4310575.00 4309567.00 4567272.00 99800.00 TWD Million [+]
Gross Fixed Capital Formation 880950.00 873554.00 964529.00 8907.00 TWD Million [+]
GDP From Agriculture 57997.00 48310.00 72053.00 39800.00 TWD Million [+]
GDP From Construction 95131.00 95708.00 121071.00 41088.00 TWD Million [+]
GDP From Manufacturing 1205476.00 1139525.00 1275942.00 130647.00 TWD Million [+]
GDP From Mining 3272.00 3162.00 15925.00 2701.00 TWD Million [+]
GDP From Public Administration 269225.00 267533.00 280931.00 85791.00 TWD Million [+]
GDP From Services 2550491.00 2560011.00 2686530.00 317742.00 TWD Million [+]
GDP From Transport 116501.00 117811.00 119140.00 20691.00 TWD Million [+]
GDP From Utilities 28526.00 29460.00 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 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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.13 2.66 17.06 -8.12 1962 - 2017 percent Quarterly




gdp annual growth rate by Country

Last
China 6.80 Sep/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.01 Jun/17
Canada 3.70 Jun/17
Netherlands 3.30 Jun/17
Spain 3.10 Jun/17
South Korea 2.70 Jun/17
Russia 2.50 Jun/17
Euro Area 2.30 Jun/17
United States 2.20 Jun/17
Germany 2.10 Jun/17
Australia 1.80 Jun/17
France 1.80 Jun/17
Mexico 1.80 Jun/17
Italy 1.50 Jun/17
United Kingdom 1.50 Jun/17
Japan 1.40 Jun/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17