Taiwan Q1 GDP Growth Revised Higher
2025-05-28 09:44
By
Dongting Liu
1 min. read
Taiwan’s annual economic growth in Q1 2025 was revised upward to 5.48% from an initial estimate of 5.37%, compared with a revised 3.82% expansion in the previous quarter.
Exports grew by 20.29% in Q1 2025, supported by strong global demand for electronic information and communication products, while imports increased by 24.43%.
Private final consumption rose by 1.36%.
On the production side, manufacturing expanded to 11.03% from 6.61% in Q4 2024, mainly due to increased output in semiconductors, computers, electronics, and optical products.
Growth was also recorded in wholesale & retail trade (3.32% vs 2.75%), transportation & storage (2.88% vs 0.92%), and financial & insurance (6.37% vs 11.84%).
On a seasonally adjusted quarterly basis, GDP grew by 7.25% in Q1, following a revised 6.89% rise in Q4 2024.
In 2024, the economic growth rate was upwardly revised to 4.84%.
Meanwhile, Taiwan has cut its 2025 GDP growth forecast to 3.1% from the 3.14% projected in February.