Contact Information : Economic Forecast Section, Department of Statistics, Directorate General of Budget, Accounting & Statistics (DGBAS)
Tel : 886-2-2380-3487
May 23, 2014 Taiwan's real gross domestic product (GDP) grew by 3.14% from the same quarter of the previous year, according to the latest preliminary estimation by DGBAS. The GDP is projected to grow 2.98% in 2014.
Preliminary Estimation of GDP in 2014Q1
With the stable global economy and brisk tourism activities, Taiwan's commodity and service export fairly increased in 2014Q1. Associated with the steady expansion of private consumption, Taiwan's GDP is estimated to increase by 3.14%, compared to the same quarter of 2013.
In the meantime, the real GDP growth rate of 2013Q4 was revised to 2.88% (formerly 2.95 %). For 2013 as a whole, Taiwan's real GDP grew by 2.09% (formerly 2.11 %).
Outlook for 2014
The global economy is anticipated to recover in very gradual pace, dragged by decelerating emerging economies. Taiwan's export is expected to increase modestly amid the world growth. Combining with the improved domestic demand, real GDP will grow by 2.98% in 2014. CPI will increase by 1.53%.
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