National Statistics, Republic of China (Taiwan)

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GDP:ADVANCE ESTIMATE OF 2012 Q2 AND OUTLOOK FOR 2012

Contact Information : Economic Forecast Section, Department of Statistics, Directorate General of Budget, Accounting & Statistics (DGBAS)
Tel : 886-2-2380-3487

Taiwan's real gross domestic products (GDP) decreased by 0.16% in the second quarter of 2012, according to the advance estimate by the DGBAS. As well, the GDP of 2012 is predicted to grow by 2.08%.

Advance Estimate of GDP in 2012 Q2

        Taiwan's trade activities shrank rarely in the recent 2012 Q2, reflecting the slowdown of global demand, and lead sluggishness of domestic sector. Hence, the advance estimate of real GDP contracted by 0.16% in 2012 Q2, compared to the same quarter of previous year. The seasonally adjusted annualized rate (saar) of GDP is 3.16% in the same quarter.

Outlook for 2012

        With deteriorating of European debt crisis and slowdown in major economies, the global demand is expected to decelerate and the outlook of world trade in 2012 is fragile. Thus, Taiwan's export is anticipated to be dragged. Combining the feeble domestic demand, real GDP growth is predicted to grow by 2.08% in 2012 (formerly 3.03%).

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