Taiwan GDP Growth Rate

The Gross Domestic Product (GDP) in Taiwan expanded 2.43 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Taiwan is reported by the National Statistics, Republic of China. From 1981 until 2013, Taiwan GDP Growth Rate averaged 1.4 Percent reaching an all time high of 5.6 Percent in December of 1990 and a record low of -5.1 Percent in December of 2008. Taiwan is an industrialized, developed country, just off the coast of China. Taiwan's economy, one of the "Four Asian Tigers", is export-oriented and specialized in production of electronics and machinery. In fact, Taiwan is one of the world's largest suppliers of computer chips, LCD panels, DRAM computer memory, networking equipment, and consumer electronics. Textile production, although already in decline, is another major industrial export sector. This page provides - Taiwan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.43 0.27 5.64 -5.07 1.58 | 2014/06 1981 - 2013 Percent Quarterly

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Taiwan GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-07-31 01:30 AM Taiwan
GDP Growth Rate QoQ
Q2 2013 (A) 0.6% -0.7% 0.28%
2013-08-16 09:00 AM Taiwan
GDP Growth Rate QoQ
Q2 2013 (F) 0.58% -0.64% (R) 0.28%
2013-10-31 12:30 AM Taiwan
GDP Growth Rate QoQ
Q3 2013 (A) 0.09% 0.58% 0.21%
2013-11-29 09:00 AM Taiwan
GDP Growth Rate QoQ - Final
Q3 2013 (F) 0.27% 0.75% (R) 0.09% 0.09%
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GDP Last Previous Highest Lowest Forecast Unit
GDP 473.97 2012-12-31 466.83 473.97 42.23 500.50 2014-06-30 USD Billion [+]
GDP Constant Prices 3898337.00 2013-11-15 3830554.00 3898337.00 672100.00 3922395.91 2014-06-30 TWD Million [+]
GDP Growth Rate 2.43 2013-12-31 0.27 5.64 -5.07 1.58 2014-06-30 Percent [+]
GDP Annual Growth Rate 2.95 2013-12-31 1.66 17.06 -8.12 2.17 2014-06-30 Percent [+]
Gross Fixed Capital Formation 684546.00 2013-11-15 643010.00 767687.00 8877.00 637971.91 2014-06-30 TWD Million [+]
Gross National Product 4162937.00 2013-11-15 3980762.00 4162937.00 99800.00 4054121.91 2014-06-30 TWD Million [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


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Taiwan Productivity at 102.11 Index Points  
Productivity in Taiwan increased to 102.11 Index Points in January of 2014 from 97.35 Index Points in December of 2013. Productivity in Taiwan is reported by the DGBAS, Taiwan.
Taiwan Producer Prices at 97.00 Index Points  
Producer Prices in Taiwan decreased to 97 Index Points in March of 2014 from 97.39 Index Points in February of 2014. Producer Prices in Taiwan is reported by the DGBAS, Taiwan.
Taiwan Remittances at 36.00 USD Million  
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Terms of Trade in Taiwan increased to 103 Index Points in March of 2014 from 102.50 Index Points in February of 2014. Terms of Trade in Taiwan is reported by the DGBAS, Taiwan.
Taiwan Tourist Arrivals at 364.95 Thousand  
Tourist Arrivals in Taiwan increased to 364.95 Thousand in February of 2014 from 335.30 Thousand in January of 2014. Tourist Arrivals in Taiwan is reported by the DGBAS, Taiwan.
Taiwan Unemployed Persons at 466.00 Thousand  
The number of unemployed persons in Taiwan decreased to 466 Thousand in February of 2014 from 468 Thousand in January of 2014. Unemployed Persons in Taiwan is reported by the DGBAS, Taiwan.
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Unemployment Rate in Taiwan decreased to 4.05 percent in February of 2014 from 4.07 percent in January of 2014. Unemployment Rate in Taiwan is reported by the National Statistics, Republic of China.
Taiwan Average Monthly Wages in Manufacturing at 81895.00 TWD  
Wages in Manufacturing in Taiwan increased to 81895 TWD in January of 2014 from 44034 TWD in December of 2013. Wages in Manufacturing in Taiwan is reported by the DGBAS, Taiwan.
Taiwan Current Account at 17138.00 USD Million  
Taiwan recorded a Current Account surplus of 17138 USD Million in the fourth quarter of 2013. Current Account in Taiwan is reported by the Central Bank of the Republic of China (Taiwan).
Taiwan Changes in Inventories at -21242.00 TWD Million  
Changes in Inventories in Taiwan decreased to -21242 TWD Million in the fourth quarter of 2013 from -12404 TWD Million in the third quarter of 2013. Changes in Inventories in Taiwan is reported by the DGBAS, Taiwan.
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