Taiwan GDP Annual Growth Rate

The Taiwanese economy grew 2.27 percent year-on-year in the third quarter of 2018, advancing from a 3.29 percent expansion in the previous period and slightly below the preliminary reading of 2.28 percent. It was the slowest expansion since the third quarter of 2016. The contribution from net export declined as imports jumped 4.64 percent (from 4.53 percent in Q2) and exports grew 1.21 percent, well below a 6.03 percent gain in the prior period. Additionally, private consumption increased by 1.80 percent in Q3, easing from 2.29 percent; and government spending dropped 1.50 percent, following a 5.87 percent increase in Q2. Contrarily, gross capital formation increased 5.40 percent, after showing nearly no growth in the previous quarter. On a seasonally adjusted basis, the economy advanced 0.71 percent on quarter, below 0.80 percent in the preceding period. GDP Annual Growth Rate in Taiwan averaged 6.79 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.

GDP Annual Growth Rate in Taiwan is expected to be 2.10 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 2.20 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.

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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%
2018-11-30	08:10 AM	GDP Growth Rate YoY Final	2.27%	3.3%	2.28%	2.28%
2019-01-31	08:00 AM	GDP Growth Rate YoY Adv		2.27%		2.9%
2019-02-27	08:30 AM	GDP Growth Rate YoY Final		2.27%		2.9%
2019-04-30	08:00 AM	GDP Growth Rate YoY Adv				2.1%

Taiwan GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.38	0.28	5.64	-5.07	percent	[+]
GDP Annual Growth Rate	2.27	3.29	17.06	-8.12	percent	[+]
GDP	579.30	530.61	579.30	42.30	USD Billion	[+]
GDP Constant Prices	4208151.00	4192275.00	4208151.00	604229.00	TWD Million	[+]
Gross National Product	4462754.00	4338804.00	4710479.00	82082.00	TWD Million	[+]
Gross Fixed Capital Formation	989303.00	893649.00	989303.00	8907.00	TWD Million	[+]
GDP From Agriculture	48390.00	59125.00	72053.00	39800.00	TWD Million	[+]
GDP From Construction	102288.00	99248.00	121071.00	41088.00	TWD Million	[+]
GDP From Manufacturing	1389813.00	1279396.00	1389813.00	130647.00	TWD Million	[+]
GDP From Mining	3287.00	3387.00	15925.00	2701.00	TWD Million	[+]
GDP From Public Administration	273442.00	271557.00	280931.00	85791.00	TWD Million	[+]
GDP From Services	2670883.00	2633891.00	2769075.00	317742.00	TWD Million	[+]
GDP From Transport	123873.00	120368.00	125908.00	20691.00	TWD Million	[+]
GDP From Utilities	34340.00	29017.00	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 January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2.27	3.29	17.06	-8.12	1962 - 2018	percent	Quarterly

Export Data API

Country	Last		Previous	Range
India	7.10	Sep/18	8.2	11.4 : -5.2	%
China	6.40	Dec/18	6.5	15.4 : 3.8	%
Indonesia	5.17	Sep/18	5.27	7.16 : 1.56	%
South Korea	3.10	Dec/18	2	20.8 : -7.3	%
United States	3.00	Sep/18	2.9	13.4 : -3.9	%
Australia	2.80	Sep/18	3.1	9 : -3.4	%
Mexico	2.50	Sep/18	2.6	9 : -9.1	%
Saudi Arabia	2.50	Sep/18	1.61	24.2 : -20.7	%
Netherlands	2.40	Sep/18	3.1	6.1 : -4.6	%
Spain	2.40	Sep/18	2.5	5.6 : -4.3	%
Switzerland	2.40	Sep/18	3.5	5.8 : -3.7	%
Singapore	2.20	Dec/18	2.3	19 : -8.8	%
Canada	2.10	Sep/18	1.9	9.3 : -4.1	%
Euro Area	1.60	Sep/18	2.2	5 : -5.5	%
Turkey	1.60	Sep/18	5.3	11.7 : -14.4	%
Russia	1.50	Sep/18	1.9	12.1 : -11.2	%
United Kingdom	1.50	Sep/18	1.4	9.7 : -6.1	%
France	1.40	Sep/18	1.7	12.6 : -3.8	%
Brazil	1.30	Sep/18	0.9	10.1 : -5.5	%
Germany	1.10	Sep/18	2	7.2 : -6.8	%
South Africa	1.10	Sep/18	0.4	7.1 : -2.6	%
Italy	0.70	Sep/18	1.2	10.3 : -7.2	%
Japan	0.00	Sep/18	1.4	9.4 : -8.8	%
Argentina	-3.50	Sep/18	-4	16.2 : -16.3	%