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GDP: Advance Estimate of 2013Q3

Contact Information : Economic Forecast Section, Department of Statistics, Directorate General of Budget, Accounting & Statistics (DGBAS)
Tel : 886-2-2380-3487

The seasonally adjusted real gross domestic product (GDP) increased by 0.35% on a quarter-on-quarter annualized basis in 2013Q3, and the year-on-year(yoy) growth rate of unadjusted GDP was 1.58%, according to the advance estimate by DGBAS.

Advance Estimation of GDP in 2013Q3

        The seasonally adjusted real GDP increased from previous quarter (saqr) by 0.09%, and the seasonally adjusted annualized rate (saar) rose by 0.35%.

        The year-on-year (yoy) growth rate of seasonally unadjusted real GDP was 1.58% in 2013Q3, 0.89 percentage points lower than the prediction (2.47%) in August.

        Private consumption grew by 1.56% on a yoy basis, moderating from the 1.69% growth in the previous quarter.

        Gross capital formation grew by 1.04% on a yoy basis, with mild expansion in machinery and other equipment.

        Exports increased by 1.68% on a yoy basis, much lower than 5.16% growth in the previous quarter.

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