The Gross Domestic Product (GDP) in Taiwan contracted 1.51 percent in the first quarter of 2020 over the previous quarter.
GDP Growth Rate in Taiwan averaged 1.30 percent from 1981 until 2020, reaching an all time high of 8.42 percent in the fourth quarter of 2009 and a record low of -4.48 percent in the third quarter of 2008. This page provides - Taiwan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan GDP Growth Rate - values, historical data and charts - was last updated on July of 2020.
GDP Growth Rate in Taiwan is expected to be -4.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Taiwan to stand at 1.50 in 12 months time. In the long-term, the Taiwan GDP Growth Rate is projected to trend around 1.30 percent in 2021 and 0.60 percent in 2022, according to our econometric models.