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.

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Taiwan GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.91 1.60 8.42 -4.48 1981 - 2020 percent Quarterly

Taiwan GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.91 1.60 8.42 -4.48 percent [+]
GDP Annual Growth Rate 1.59 3.29 17.26 -7.88 percent [+]
GDP 605.00 589.91 605.00 42.30 USD Billion [+]
GDP Constant Prices 4820427.00 4873576.00 4873576.00 650008.00 TWD Million [+]
Gross National Product 4698286.00 5073754.00 5073754.00 82082.00 TWD Million [+]
Gross Fixed Capital Formation 1019871.00 1157519.00 1157519.00 8735.00 TWD Million [+]
GDP From Agriculture 90573.00 102171.00 115841.00 63503.00 TWD Million [+]
GDP From Construction 109294.00 98620.00 132934.00 45162.00 TWD Million [+]
GDP From Manufacturing 1465318.00 1642328.00 1673884.00 134131.00 TWD Million [+]
GDP From Mining 2915.00 3714.00 13220.00 2236.00 TWD Million [+]
GDP From Public Administration 278984.00 259171.00 281195.00 85657.00 TWD Million [+]
GDP From Services 2883983.00 3079536.00 3079536.00 319254.00 TWD Million [+]
GDP From Transport 130148.00 148301.00 148301.00 23446.00 TWD Million [+]
GDP From Utilities 72816.00 79770.00 131930.00 12319.00 TWD Million [+]


Taiwan GDP Growth Rate
Taiwan's economy, one of the "Four Asian Tigers", is export-oriented and specialized in production of electronics and machinery. Taiwan is one of the world's largest suppliers of computer chips, LCD panels, DRAM computer memory, networking equipment, and consumer electronics.