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 product (GDP) decreased by 2.75% at annualized rate in 2013Q1, and the unadjusted GDP yearly grew by 1.67%, according to the latest preliminary estimation by DGBAS. Meanwhile, the prediction of 2013 GDP growth is revised down to 2.40%.
Preliminary Estimation of GDP in 2013Q1
Weakened external demand curtailed the increment of real goods and services exports in 2013Q1. Coupling with domestic sector, Taiwan's seasonally adjusted annualized rate (saar) of real GDP fell 2.75% in 2013Q1. The year-on-year (yoy) growth rate of unadjusted GDP was 1.67%.
In the meantime, the real GDP growth rate (yoy) in 2012Q4 was revised to 3.97% (formerly 3.72%). For the whole 2012, real GDP grew by 1.32% (formerly 1.26%).
Outlook for 2013
Looking forward, the growth of external trade will be limited due to the softened expansion of the global economy and strong competition from abroad in specific industries. Combining with moderate domestic demand, Taiwan's real GDP is anticipated to grow by 2.40% in 2013. CPI will rise 1.23%.
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