The Taiwanese economy advanced 1.71 percent year-on-year in the first quarter of 2019, slightly below an advance estimate of 1.72 percent and compared to an upwardly revised 1.8 percent expansion in the prior period. It was weakest growth rate since Q2 2016. Gross capital formation went up 6.9 percent, slowing from 9.32 percent in the prior quarter, on lower investment in transportation equipment and changes in inventories. Also, private consumption grew 1.32 percent, easing from 1.46 percent, mainly due to sales of autos, information & communication technology equipment, and financial services and government spending shrank 3.31 percent, after expanding 4.11 percent. Net trade contributed negatively to the GDP as exports increased 0.97 percent (vs 1.63 percent in Q4), due to the global economic growth slowdown, and the high base in the same period of 2018 and imports rose 1.13 percent (vs 4.61 percent in Q4). On a seasonally adjusted quarterly basis, the economy grew 0.58 percent. GDP Annual Growth Rate in Taiwan averaged 6.74 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 1.90 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 1.90 in 12 months time. In the long-term, the Taiwan GDP Annual Growth Rate is projected to trend around 1.50 percent in 2020, according to our econometric models.

Taiwan GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-31 08:00 AM GDP Growth Rate YoY Adv Q4 1.76% 2.27% 2.0% 2.1%
2019-02-13 08:10 AM GDP Growth Rate YoY Final Q4 1.78% 2.38% 1.76% 1.76%
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 1.71% 1.8%
2019-08-17 08:30 AM GDP Growth Rate YoY Final Q2 1.71% 1.8%
2019-10-31 08:00 AM GDP Growth Rate YoY Adv Q3 1.9%


Taiwan GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.58 0.31 5.64 -5.07 percent [+]
GDP Annual Growth Rate 1.71 1.80 17.06 -8.12 percent [+]
GDP 589.39 574.90 589.39 42.30 USD Billion [+]
GDP Constant Prices 4249944.00 4225496.00 4249944.00 604229.00 TWD Million [+]
Gross National Product 4399769.00 4653347.00 4710479.00 82082.00 TWD Million [+]
Gross Fixed Capital Formation 937787.00 963829.00 990331.00 8907.00 TWD Million [+]
GDP From Agriculture 53909.00 63126.00 72053.00 39800.00 TWD Million [+]
GDP From Construction 101390.00 84929.00 121071.00 41088.00 TWD Million [+]
GDP From Manufacturing 1175034.00 1360901.00 1393802.00 130647.00 TWD Million [+]
GDP From Mining 3334.00 4136.00 15925.00 2701.00 TWD Million [+]
GDP From Public Administration 271673.00 256577.00 280931.00 85791.00 TWD Million [+]
GDP From Services 2699935.00 2821667.00 2821667.00 317742.00 TWD Million [+]
GDP From Transport 128061.00 128265.00 128265.00 20691.00 TWD Million [+]
GDP From Utilities 30405.00 41551.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.71 1.80 17.06 -8.12 1962 - 2019 percent Quarterly




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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