Taiwan third-quarter GDP grows 14.36%, highest same-quarter pace in 48 years
Briefing by News4U · First published
In a News4U market summary, Focus Taiwan said Taiwan's Directorate General of Budget, Accounting and Statistics estimated third-quarter GDP growth at 14.36% year on year, 2.94 percentage points above its prior forecast, extending a run of double-digit expansion. DGBAS specialist Chiang Hsin-yi said stronger-than-expected exports and business investment drove the print, citing demand for AI, high-performance computing and cloud services plus a 58.5% rise in capital-equipment imports in Taiwan dollars, including a 35.66% jump in semiconductor equipment. Real private consumption grew 5.37%, while year-to-date growth was estimated at 14.22%. [1]
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- Taiwan Q3 GDP growth hits 14.36%, highest in 48 years - Focus Taiwan
Focus Taiwan · · Full text