Taiwan's annual economic growth stood at 2.40 percent in the second quarter of 2019, little-changed from a preliminary reading of 2.41 percent and above the previous period's 1.83 percent expansion. Private consumption grew by 1.55 percent (vs 1.46 percent in Q1), mainly reflecting the growing sales of cars and boutiques, as well as new opening department stores and retail outlets; and fixed investment rose by 7.51 percent (vs 6.85 percent in Q1), primarily due to the increase in machinery and equipments investment as well as transport equipments. In addition, exports of goods and services grew by 4.13 percent (vs 0.87 percent in Q1), mainly driven by the foreign strong demand for information, communication and audio-video products, as well as refined petroleum products. Imports also increased by 3.68 percent (vs 1.13 percent in Q1). GDP Annual Growth Rate in Taiwan averaged 6.73 percent from 1962 until 2019, 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 2.60 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 2.60 in 12 months time. In the long-term, the Taiwan GDP Annual Growth Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.

Taiwan GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-30 08:00 AM GDP Growth Rate YoY Adv Q1 1.72% 1.78% 1.66% 1.5%
2019-05-24 08:00 AM GDP Growth Rate YoY Final Q1 1.71% 1.8% 1.72% 1.72%
2019-07-31 08:00 AM GDP Growth Rate YoY Adv Q2 2.41% 1.71% 1.8% 1.8%
2019-08-16 08:30 AM GDP Growth Rate YoY Final Q2 2.4% 1.83% 2.41% 2.41%
2019-10-31 08:00 AM GDP Growth Rate YoY Adv Q3 2.40% 2.6%
2019-11-29 08:00 AM GDP Growth Rate YoY Final Q3 2.40% 2.6%


Taiwan GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.67 0.78 5.64 -5.07 percent [+]
GDP Annual Growth Rate 2.40 1.83 17.06 -8.12 percent [+]
GDP 589.39 574.90 589.39 42.30 USD Billion [+]
GDP Constant Prices 4287330.00 4258664.00 4287330.00 604229.00 TWD Million [+]
Gross National Product 4410263.00 4407068.00 4710479.00 82082.00 TWD Million [+]
Gross Fixed Capital Formation 960718.00 942291.00 990331.00 8907.00 TWD Million [+]
GDP From Agriculture 55600.00 53046.00 72053.00 39800.00 TWD Million [+]
GDP From Construction 101708.00 100384.00 121071.00 41088.00 TWD Million [+]
GDP From Manufacturing 1292463.00 1174380.00 1393802.00 130647.00 TWD Million [+]
GDP From Mining 3405.00 3304.00 15925.00 2701.00 TWD Million [+]
GDP From Public Administration 274064.00 271673.00 280931.00 85791.00 TWD Million [+]
GDP From Services 2699936.00 2704882.00 2821667.00 317742.00 TWD Million [+]
GDP From Transport 121664.00 128187.00 128265.00 20691.00 TWD Million [+]
GDP From Utilities 29232.00 30416.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.40 1.83 17.06 -8.12 1962 - 2019 percent Quarterly




Country Last Previous
China 6.20 Jun/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
United States 2.30 Jun/19
Spain 2.10 Jun/19
Netherlands 2.00 Jun/19
South Korea 2.00 Jun/19
Saudi Arabia 1.70 Mar/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
Euro Area 1.20 Jun/19
United Kingdom 1.20 Jun/19
Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
South Africa 0.90 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Jun/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19
Argentina -5.80 Mar/19


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