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. 2014-04-24

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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Bankruptcies in Taiwan decreased to 1386 Companies in February of 2014 from 2031 Companies in January of 2014. Bankruptcies in Taiwan is reported by the Ministry of Economic Affairs, R.O.C.
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Consumer Spending in Taiwan increased to 2071523 TWD Million in the fourth quarter of 2013 from 2050880 TWD Million in the third quarter of 2013. Consumer Spending in Taiwan is reported by the DGBAS, Taiwan.
Taiwan Core Consumer Prices at 102.18 Index Points  
Core Consumer Prices in Taiwan increased to 102.18 Index Points in March of 2014 from 102.16 Index Points in February of 2014. Core Consumer Prices in Taiwan is reported by the DGBAS, Taiwan.
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The inflation rate in Taiwan was recorded at 1.61 percent in March of 2014. Inflation Rate in Taiwan is reported by the National Statistics, Republic of China.
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