The Gross Domestic Product (GDP) in Taiwan expanded 1.89 percent in the fourth quarter of 2020 over the previous quarter. source: National Statistics, Republic of China

GDP Growth Rate in Taiwan averaged 1.32 percent from 1981 until 2020, reaching an all time high of 8.42 percent in the fourth quarter of 2009 and a record low of -4.48 percent in the third quarter of 2008. This page provides - Taiwan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan GDP Growth Rate - values, historical data and charts - was last updated on February of 2021.

GDP Growth Rate in Taiwan is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Taiwan to stand at 0.50 in 12 months time. In the long-term, the Taiwan GDP Growth Rate is projected to trend around 1.00 percent in 2022, according to our econometric models.

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Taiwan GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.89 3.91 8.42 -4.48 1981 - 2020 percent Quarterly

Taiwan GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.89 3.91 8.42 -4.48 percent [+]
GDP Annual Growth Rate 4.94 3.92 17.26 -7.88 percent [+]
GDP 605.00 589.91 605.00 42.30 USD Billion [+]
GDP Constant Prices 5003761.00 4815401.00 5003761.00 650008.00 TWD Million [+]
Gross National Product 5234913.00 4853698.00 5234913.00 82082.00 TWD Million [+]
Gross Fixed Capital Formation 1135879.00 1101060.00 1172682.00 8735.00 TWD Million [+]
GDP From Agriculture 81399.00 94216.00 115841.00 63503.00 TWD Million [+]
GDP From Construction 124906.00 117825.00 132934.00 45162.00 TWD Million [+]
GDP From Manufacturing 1769649.00 1562105.00 1769649.00 134131.00 TWD Million [+]
GDP From Mining 2952.00 2972.00 13220.00 2236.00 TWD Million [+]
GDP From Public Administration 279375.00 278992.00 281195.00 85657.00 TWD Million [+]
GDP From Services 2991918.00 2834262.00 3111143.00 319254.00 TWD Million [+]
GDP From Transport 118774.00 106377.00 148504.00 23446.00 TWD Million [+]
GDP From Utilities 85794.00 73539.00 131930.00 12319.00 TWD Million [+]


Taiwan GDP Growth Rate
Taiwan's economy, one of the "Four Asian Tigers", is export-oriented and specialized in production of electronics and machinery. Taiwan is one of the world's largest suppliers of computer chips, LCD panels, DRAM computer memory, networking equipment, and consumer electronics.