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GDP: Advance Estimate of 2012Q4 and Latest Outlook for 2013

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

Taiwan's seasonally adjusted real gross domestic products (GDP) increased at annualized rate of 6.00% in 2012Q4, and 1.25% in the whole 2012, according to the advance estimate by the DGBAS. The predicted GDP growth rate of 2013 is revised to 3.53%.

Advance Estimate of GDP in 2012Q4 and 2012

        Moderate growth of external sector and domestic demand brought Taiwan's seasonally adjusted annualized rate (saar) of real GDP to 6.00% in 2012Q4. Meanwhile, the year-on-year (yoy) GDP growth rate was 3.42% in the same quarter. For the whole 2012, real GDP was estimated to grow by 1.25% over the previous year.

Outlook for 2013

        The fragile global economic growth is subject to various risks. However, benefited by the demand from emerging of newly mobile devices and electronic products, Taiwan's export is anticipated to grow moderately around 6%. Combined with domestic demand, real GDP is predicted to grow by 3.53% in 2013 (formerly 3.15%). CPI is expected to increase 1.31%.

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