Contact Information : Fifth Section, Third Department, Directorate General of Budget, Accounting & Statistics (DGBAS)
Tel : 886-2-2380-3487
Economic Performance in 2011Q2 and Forecasts for 2011
The external sector kept resilience with the real exports of goods and services advanced by 4.39% in 2011Q2. Incorporating with 2.61% growth of the domestic sector, the preliminary estimation of real gross domestic products (GDP) increased by 5.02% from the same quarter of the previous year. Meanwhile, the GDP growth rate of 2011Q1 is downwardly revised to 6.16% (formerly 6.55%). The seasonally adjusted annual rate (saar) of the real GDP is 0.91% in 2011Q2. The saar of 2011Q1 is revised to 14.57% (formerly 18.97%).
Looking forward the second half of 2011, the propelling strength of external sector will turn to moderate. Accompanying with slightly shrank domestic demand, real GDP is forecasted to grow 4.81% in 2011. CPI is predicted to rise by 1.59%.
Outlook for 2012
The latest world economic forecast indicates the growth of the world trade volume in 2012 will be lower than this year. Accordingly, Taiwan's export is anticipated to keep growing mildly. Combining the contribution from domestic sector, real GDP will grow by 4.58% in 2012. CPI will gently rise by 1.21%.
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