Taiwan GDP Annual Growth Rate

The Taiwanese economy advanced 2.28 percent year-on-year in the third quarter of 2018, slowing from a 3.30 percent rise in the previous three months and slightly above market consensus of a 2.2 percent growth, advance estimate showed. It was the slowest expansion since the second quarter of 2017. On the demand side, private consumption increased less (1.90% vs 2.55% in Q2), on lower car sales and a slower expansion in traveling and financial services; and government spending declined (-1.39% vs 5.76%). In contrast, gross capital formation rebounded sharply (17.46% vs -2.57%), reflecting higher investment in machinery and equipment. Meantime, net trade contributed negatively to growth, as imports advanced faster (5.23% vs 4.48% in Q2) while exports slowed markedly (1.42% vs 6.29% in Q2), mainly due to the high base last year. On a quarter-on-quarter seasonally adjusted basis, the GDP advanced 0.48 percent, compared to a 0.40 percent rise in the second quarter of 2018. GDP Annual Growth Rate in Taiwan averaged 6.78 percent from 1962 until 2018, 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.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-07-31	08:00 AM	GDP Growth Rate YoY Adv	3.29%	3.02%	3%	2.90%
2018-08-17	08:30 AM	GDP Growth Rate YoY Final	3.3%	3.29%
2018-10-31	08:00 AM	GDP Growth Rate YoY Adv	2.28%	3.3%	2.2%	3%
2018-11-23	08:00 AM	GDP Growth Rate YoY Final		3.3%	2.28%	2.28%

Taiwan GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.48	0.40	5.64	-5.07	percent	[+]
GDP Annual Growth Rate	2.28	3.30	17.06	-8.12	percent	[+]
GDP	579.30	530.61	579.30	42.30	USD Billion	[+]
GDP Constant Prices	4158657.00	4146901.00	4158657.00	604229.00	TWD Million	[+]
Gross National Product	4373254.00	4375681.00	4673326.00	99800.00	TWD Million	[+]
Gross Fixed Capital Formation	916804.00	890088.00	961140.00	8907.00	TWD Million	[+]
GDP From Agriculture	58251.00	49459.00	72053.00	39800.00	TWD Million	[+]
GDP From Construction	99398.00	98999.00	121071.00	41088.00	TWD Million	[+]
GDP From Manufacturing	1276214.00	1192870.00	1346718.00	130647.00	TWD Million	[+]
GDP From Mining	3427.00	3258.00	15925.00	2701.00	TWD Million	[+]
GDP From Public Administration	270560.00	268752.00	280931.00	85791.00	TWD Million	[+]
GDP From Services	2626320.00	2635779.00	2760119.00	317742.00	TWD Million	[+]
GDP From Transport	121171.00	125304.00	125304.00	20691.00	TWD Million	[+]
GDP From Utilities	29075.00	29922.00	61237.00	5349.00	TWD Million	[+]

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 November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2.28	3.30	17.06	-8.12	1962 - 2018	percent	Quarterly

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Country	Last		Previous	Highest	Lowest
India	8.20	Jun/18	7.7	11.4	-5.2	%	Quarterly
China	6.50	Sep/18	6.7	15.4	3.8	%	Quarterly
Turkey	5.20	Jun/18	7.3	11.7	-14.4	%	Quarterly
Indonesia	5.17	Sep/18	5.27	7.16	1.56	%	Quarterly
Australia	3.40	Jun/18	3.2	9	-3.4	%	Quarterly
Switzerland	3.40	Jun/18	2.9	5.8	-3.7	%	Quarterly
United States	3.00	Sep/18	2.9	13.4	-3.9	%	Quarterly
Mexico	2.60	Sep/18	2.6	9	-9.1	%	Quarterly
Singapore	2.60	Sep/18	4.1	19	-8.8	%	Quarterly
Spain	2.50	Sep/18	2.5	5.6	-4.3	%	Quarterly
Netherlands	2.40	Sep/18	3.1	6.1	-4.6	%	Quarterly
South Korea	2.00	Sep/18	2.8	19.6	-7.4	%	Quarterly
Canada	1.90	Jun/18	2.3	9.3	-4.1	%	Quarterly
Euro Area	1.70	Sep/18	2.2	5	-5.5	%	Quarterly
Saudi Arabia	1.61	Jun/18	1.15	24.2	-20.7	%	Quarterly
France	1.50	Sep/18	1.7	12.6	-3.8	%	Quarterly
United Kingdom	1.50	Sep/18	1.2	9.7	-6.1	%	Quarterly
Russia	1.30	Sep/18	1.9	12.1	-11.2	%	Quarterly
Germany	1.10	Sep/18	2	7.2	-6.8	%	Quarterly
Brazil	1.00	Jun/18	1.2	10.1	-5.6	%	Quarterly
Italy	0.80	Sep/18	1.2	10.3	-7.2	%	Quarterly
South Africa	0.40	Jun/18	0.8	7.1	-2.6	%	Quarterly
Japan	0.30	Sep/18	1.4	9.4	-8.8	%	Quarterly
Argentina	-4.20	Jun/18	3.9	16.2	-16.3	%	Quarterly