Contact Information : Fifth Section, Third Department, Directorate General of Budget, Accounting & Statistics (DGBAS)
Tel : 886-2-2380-3487
Taiwan's real gross domestic product (GDP) increased by 3.37% in the third quarter of 2011, and is expected to grow by 4.56% and 4.38% in 2011 and 2012, respectively, according to the advance estimate and updated forecasts released by the DGBAS.
Advance Estimation of GDP in 2011 Q3 and Forecast for 2011
Accompanying with modestly growing external trade and domestic demand in soft patch, the advance estimate of real GDP grew by 3.37% in the third quarter of 2011 (former prediction was 3.48%). The seasonally adjusted annualized rate (saar) of GDP for 2011 Q3 decreased by 1.10%. In the whole year, real GDP is forecasted to grow by 4.56% in 2011. CPI is predicted to rise by 1.51%.
Latest Outlook for 2012
Various potential risks of world economy might hamper the pace of global growth, thus the growth of Taiwan's export is anticipated to keep moderate. Combining the mild domestic demand, real GDP growth is predicted to be 4.38% in 2012 (formerly 4.58%). CPI will rise by 1.12%.
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