Taiwan GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Taiwan expanded 3.14 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Taiwan averaged 7.15 Percent from 1962 until 2014, 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 reported by the National Statistics, Republic of China.
||1962 - 2014
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 defence (6.4 percent of GDP). This page provides - Taiwan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.