Taiwan Q1 GDP Growth Far Exceeds Expectations

2025-04-30 10:38 By Dongting Liu 1 min. read

Taiwan’s economy expanded by 5.37% in the first quarter of 2025, significantly surpassing market expectations of 3.3% and up from 2.9% in the previous quarter, according to an advance estimate.

The strong growth was driven by robust domestic demand and a positive contribution from net external demand.

Private consumption rose 1.22% (vs. 2.49% in Q4 2024), primarily supported by spending on services such as dining, entertainment, and outbound tourism.

Gross capital formation increased by 14.72% (vs. 19.20%), fueled by higher investment in machinery, construction, and intellectual property products, while public spending grew by 0.53% (vs. 2.14%).

Meanwhile, exports of goods and services surged 20.11% (vs. 8.9%), reflecting strong demand for electronic information and communication products, while imports also rose significantly by 23.66% (vs. 18.31%).

On a seasonally adjusted annualized basis, GDP growth accelerated to 9.67% in Q1 2025, up from 6.64% in the previous quarter.



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