On a seasonally adjusted quarterly basis, the economy shrank 0.91 percent, after expanding 1.60 percent in the previous period but less than earlier estimates of a 1.51 percent contraction.Taiwan's economy advanced 1.54 percent year-on-year in the first quarter of 2020, slowing from a 3.31 percent expansion in the previous period and slightly below market expectations of 1.6 percent, an advance estimate showed. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Access the latest politics analysis and economic growth summary through 2011 for Taiwan from The Economist Intelligence Unit On a seasonally adjusted quarterly basis, the economy shrank 1.51 percent, after expanding an upwardly revised 1.89 percent in the previous period.Taiwan's economy advanced 3.31 percent year-on-year in the last quarter of 2019, following an upwardly revised 3.03 percent growth in the previous quarter, but slightly below the preliminary reading of 3.38 percent. Taiwan's economy, one of the "Four Asian Tigers", is export-oriented and specialized in production of electronics and machinery. On a quarter-on-quarter basis, the economy contracted 2.28 percent. Like in most advanced economies, the services sector is the biggest and constitutes nearly 65 percent of GDP. Household consumption contracted 0.97 percent (vs 2.63 percent in Q4); and gross fixed capital formation growth eased (3.13 percent vs 10.50 percent). On the other hand, government spending increased 3.32 percent, faster than a 1.78 percent rise in the prior quarter. Regarding net trade, exports dropped 2.89 percent (vs 2.64 percent in Q4) and imports decreased at a faster 4.87 percent (vs 4.44 percent in Q4).

"The hit to both domestic and external demand will likely be less severe than what we had previously expected," Fitch Solutions said in a July note, raising its 2020 growth forecast for Taiwan … Distribution of GDP across economic sectors in Taiwan 2009-2018. The Trading Economics Application Programming Interface (API) provides direct access to our data.

The Taiwanese economy shrank 0.73 percent year-on-year in the second quarter of 2020, preliminary estimates showed. 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 defense (6.4 percent of GDP). Taiwan - GDP Economic growth drops to four-year low in Q1 as domestic activity falls. Taiwan's government lowered its 2020 economic growth estimate on Wednesday, as the coronavirus outbreak threatens to hit its export-reliant economy that … Private spending shrank 5.13 percent, gross capital formation went down 9.56 percent dragged down by construction, machinery and equipment and government spending declined 0.92 percent. { parent.indicator.unit } { related.length } Home; What's New; Site Map; Site Index; About the IMF; Research

Taiwan: Central Bank holds rates at record-low level in June. Definition: This entry gives GDP growth on an annual basis adjusted for inflation and expressed as a percent. It was the weakest growth rate since the first quarter of 2016, when the economy shrank 0.1 percent, as the coronavirus pandemic hit the economy.

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