Contact Information : Economic Forecast Section, Department of Statistics, Directorate General of Budget, Accounting & Statistics (DGBAS)
Tel : 886-2-2380-3487
August 16, 2013 Taiwan's seasonally adjusted real gross domestic product (GDP) increased by 2.34% at annualized rate in 2013Q2, and the unadjusted GDP yearly grew by 2.49%, according to the latest preliminary estimation by DGBAS. Meanwhile, 2013 GDP is predicted to increase by 2.31%.
Preliminary Estimation of 2013Q2 GDP
Combined the slightly better-than-expected goods export and the modest private consumption, Taiwan's seasonally adjusted annualized rate (saar) of real GDP was 2.34% in 2013Q2. The year-on-year (yoy) growth rate of unadjusted GDP was 2.49%. In the meantime, saar and yoy growth rates of 2013Q1 were revised to -2.53% (formerly -2.75%) and 1.62% (formerly 1.67%), respectively.
Forecast for 2013
The growth of external demand is subject to the deceleration of emerging markets in the second half of 2013. Combining with domestic demand, Taiwan's real GDP is forecasted to grow 2.31% in 2013. CPI is expected to rise by 1.07%.
Outlook for 2014
The world economy, according to the latest global economic forecasts, is anticipated to improve gradually in 2014, and will bring Taiwan's export to stay growing. Consequently, DGBAS forecasts Taiwan's real GDP is anticipated to grow by 3.37% in 2014. CPI is expected to increase by 1.39%.
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