Contact Information : Fifth Section, Third Department, Directorate General of Budget, Accounting & Statistics (DGBAS)
Tel : 886-2-2380-3487
According to the advance estimate revealed by the DGBAS, Taiwan's real gross domestic products (GDP) increased by 1.90% in 2011 Q4 and 4.03% in the whole 2011 respectively. Meanwhile, the prediction of GDP growth rate in 2012 is revised to 3.91%.
Advance Estimate of GDP in 2011 Q4 and 2011
Sovereign debt crisis in the Eurozone and deleveraging in the developed economies continue to weigh on Taiwan’s external trade. Accordingly, the advance estimate of real GDP grew by 1.90% in 2011 Q4 (former prediction was 3.69%). The seasonally adjusted annualized rate (saar) of GDP for 2011 Q4 is -0.98%. In the whole year, real GDP is estimated to have grown by 4.03% in 2011, 0.48 percentage points below DGBAS’s former forecast.
Outlook for 2012
Various possible hazards of the world economy might hamper the pace of global growth, thus Taiwan’s export is anticipated to keep modest growth. Combining the mild gain of domestic demand, real GDP growth is predicted to grow by 3.91% in 2012 (formerly 4.19%).
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