The statistic shows the quarterly growth rate of the gross domestic product (GDP) in Taiwan from the second quarter 2017 to the second quarter 2020 with forecasts until the … In some instances, these figures are estimates. Their GDP data are subject to material distortion by the tax planning activities of foreign multinationals. GDP in Taiwan averaged 304.97 USD Billion from 1980 until 2019, reaching an all time high of 605 USD Billion in 2019 and a record low of 42.30 USD Billion in 1980. December 8, 2020 Recent data shows that Taiwan's economy has held up "extremely well," said Capital Economics in a note last Friday, citing industrial production that was up 1.5% in May from a year ago. Data Products Insights Data Partners. FRED: Download, graph, and track economic data. GDP jumped 3.9% year-on-year in the third quarter, according to a second estimate. Gross Savings Rate of Taiwan was measured at 37.305 % in Jun 2020. December 17, 2020. Latest official GDP figures published by the World Bank. Taiwan Key Series Buy Selected Data. The Gross Domestic Product (GDP) in Taiwan was worth 605 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Find Out, Online tool for visualization and analysis. Gross domestic product (GDP) denotes the aggregate … 12/30/2020 What is the GDP of Taiwan? We believe this spending includes subsidies to preferential investments, which has prompted some Taiwanese manufacturers to move their production lines from Mainland China to Taiwan. We expect real GDP to expand by 3.2% in 2021, from an estimated 2.4% in 2020, driven by a mild recovery in global demand and Taiwan's competitiveness in integrated circuit manufacturing. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. ... "Breakdown of the gross domestic product (GDP) of Taiwan from 2015 to 2019, by economic sector." For more information, please use the History Data ー ::: Suspend website tour About us. This book is produced only in English. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Gross domestic product (GDP) expanded 1.72 percent in the January-March period from a year earlier, preliminary data showed on Tuesday, the … The Taiwan Statistical Data Book is designed to give domestic and foreign readers concise statistical information on present-day Taiwan, Republic of China. International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. In 2018, Taiwan’s gross domestic product amounted to around 1,282.06 billion international dollars. Taiwan GDP From Mining - values, historical data and charts - was last updated on June of 2020. Taiwan GDP. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Read more. Malaysia GDP (Gross Domestic Product) was INT$896.62billion for 2019 in PPP terms. Taiwan GDP Constant Prices - values, historical data and charts - was last updated on August of 2020. Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. License: CC BY-4.0 Line Bar Map. The statistics cover demographic, economic, social, cultural and physi- cal aspects. Taiwan’s gross domestic product per capita reached US$25,004 in 2018. It also nudged down its inflation estimate for 2020 to … Though Taiwan Province of China real GDP growth fluctuated substantially in recent years, it tended to decrease through 2000 - 2019 period ending at 2.7 % in 2019. In terms of nominal GDP, Taiwan ranks close to Argentina and Sweden, while Taiwan’s GDP per capita expressed as purchasing power parity is similar to that of Austria and Denmark. ー The above data is for the last one year. Preliminary data out last week showed growth actually accelerated in the fourth quarter to 3.4%, from 3% in the third. This page provides - Taiwan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Graph and download economic data for Real GDP at Constant National Prices for Province of China Taiwan (RGDPNATWA666NRUG) from 1951 to 2017 about Taiwan, real, GDP, and price. Taiwan's GDP grew 2.91% in 3Q19, from 2.40% YoY in the previous quarter. Figures and forecasts are as of ADB's Asian Development Outlook Update (ADOU) 2020, released in September 2020. Download historical data for 20 million indicators using your browser. 13 economic data series with tags: Taiwan, GDP, Per Capita. In 2019, real GDP growth for Taiwan Province of China was 2.7 %. To address this, in 2017 the Central Bank of Ireland created "modified GNI" (or GNI*) as a more appropriate statistic, and the OECD and IMF have adopted it for Ireland. Data are in current U.S. dollars. The description is composed by our digital data assistant. Population figures based on United Nations data. We expect real GDP to expand by 3.2% in 2021, from an estimated 2.4% in 2020, driven by a mild recovery in global demand and Taiwan's competitiveness in integrated circuit manufacturing. Its total PPP is over 1 trillion, putting its economy in 21st place when compared to other countries in the world. Taiwan. The DOTS dataset can … Includes 288 key indicators for Taiwan, curated by CEIC analysts. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Taiwan Gross National Product - values, historical data and charts - was last updated on January of 2021. Taiwan: Merchandise exports increase at a quicker pace in November. The IMF publishes a range of time series data on IMF lending, exchange rates and other economic and financial indicators. Answer: The GDP of Taiwan is $717,700,000,000. The website is responsible for collecting, compiling and disseminating the nation's statistical information and presenting it in the form of the latest economic and social indicators, updated reports, analysis and statistical publications. Taiwan will likely fall into recession with full-year growth declining 2.1%, Morgan Stanley economists Deyi Tan and Jin Choi wrote in a note after GDP was released Thursday. - … 30 April 2020 3 min read Written by Gareth Leather. The gross domestic product (GDP) measures of national income and output for a given country's economy. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. The In 2019, GDP for Taiwan Province of China was 610.69 billion US dollars. At 48.3, the average PMI reading for the second quarter had been the lowest since the third quarter of 2012 and indicative of the Taiwanese economy having slowed sharply. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports). As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports). Economic Indicators for Taiwan (Province of China) including actual values, historical data, and latest data updates for the Taiwan (Province of China) economy. Real GDP Growth YoY data in Taiwan is updated quarterly, available from Mar 1983 to Jun 2020, with an average rate of 6.0 %. Directly accessible data for 170 industries from 50 countries and over 1 Mio. Cancel X . Industries have gradually moved to capital and technology-intensive industries from more labor-intensive industries, with electronics and information technology accounting for 35% of the industrial structure. Taiwan - GDP Second estimate shows stronger GDP expansion in Q3. It did well economically as a colony of Japan from 1895 to 1945 but experienced decline … FocusEconomics panelists see GDP growth accelerating to 3.1% in 2021, which is up 0.1 percentage points from last month’s estimate. Direct access to our calendar releases and historical data. CSV XML … It's ranking among other countries is 20. Traditional labor-intensive industries are being moved off-shore and replaced w… It focuses on the publication of data and metadata through a standardized platform, the National Summary Data Page, supported by modern IT technology. GDP per capita of Taiwan Province of China increased from 21,675.5 purchasing power parity; international dollars in 2000 to 55,244.22 purchasing power parity; international dollars in 2019 growing at an average annual rate of 5.10%. The statistics bureau revised down its forecasts for 2021 GDP growth to 3.82% from 3.92% and 2021 exports to 4.59% from 6.6%. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). All data are in current United States dollars. World Bank national accounts data, and OECD National Accounts data files. Publish your articles and forecasts in our website. The economy rebounded strongly in the third quarter, contrasting the marginal contraction in the second quarter and marking the best result in two years. According to the national Statistics Institute, GDP is projected to grow 2.5% in 2020, improving markedly from the previous estimate of a 1.5% increase, before accelerating to 3.8% in 2021. It was mainly driven by a 3.68% YoY increase in government spending. An estimate of its nominal GDP per capita for 2016 is $21,571. Industry in Taiwan primarily consists of many small and medium-sized enterprises (SME) with fewer large enterprises. Industrial output has gradually decreased from accounting for over half of Taiwan's GDP in 1986 to just 31% in 2002. Official data have since estimated that GDP rose by just 0.6% in year-on-year terms in the second quarter. Learn more about what we do. There are some exceptions: For some agricultural data series received from the Food and Agriculture Organization , Taiwan, China, figures are part of the numbers cited for China (as are Macao, China, and Hong Kong, China). It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Taiwan Economic Outlook. Taiwan has successfully navigated the coronavirus pandemic. Historical data can be found here. Dollars, Annual, Not Seasonally Adjusted 1951 to 2017 (2019-06-11) Add to Data … The website is responsible for collecting, compiling and disseminating the nation's statistical information and presenting it in the form of the latest economic and social indicators, updated reports, analysis and statistical publications. The Gross Domestic Product (GDP) in Taiwan contracted 0.2 % YoY in Jun 2020, following a growth of 1.7 % in the previous quarter. Gross domestic product (GDP) growth rates for ADB's developing member countries. Chart. The Enhanced Data Dissemination System (e-GDDS) was introduced in 2015 to assist participants in improving data transparency and governance through release of data essential for economic policy making. For most indicators, Taiwan, China, data is not added to the data for China, but Taiwan, China, is added to the world aggregate and the high-income countries aggregate. facts. World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita II. Statistical Information Network of the Republic of China This website serves as a national statistical portal of the Republic of China. As the contraction of GDP is within our forecast range, we maintain our GDP forecast for Taiwan at -0.4% for the whole of 2020, and -1.0% YoY and -1.5% YoY for 3Q20 and 4Q20, respectively. Government spending has amounted to 17.8 percent of the country’s output (GDP) over the past three years, and budget deficits have averaged 2.0 percent of GDP. World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita Label. GDP (current US$) - Taiwan, China from The World Bank: Data The coronavirus pandemic has dragged China's economy into its worst three-month period in decades — and the road toward recovery will likely be long. Expenditure-side Real GDP at Chained Purchasing Power Parities for Province of China Taiwan Millions of 2011 U.S. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. During the 1500s and 1600s, Taiwan changed hands several times between the Portuguese, Dutch, Spanish and the Chinese. The information collected for the GDP of Taiwan has been obtained from the Central Intelligence Agency. Explore the most complete set of 5.5 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. The GDP value of Taiwan represents 0.50 percent of the world economy. Latest official GDP figures published by the World Bank. GDP Growth Rate in Taiwan averaged 1.31 percent from 1981 until 2020, reaching an all time high of 8.42 percent in the fourth quarter of 2009 and a record low of -4.48 percent in the third quarter of 2008. 1960 - 2019. Country Report 2017 - Includes Taiwan real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. Taiwan has successfully navigated the coronavirus pandemic. Note: The newly industrialized economies are Hong Kong, China, the Republic of Korea, Singapore, and Taipei,China. The Trading Economics Application Programming Interface (API) provides direct access to our data. FAQs ... 1 Hu Kou Street, Zhongzheng Dist., Taipei, 10066, Taiwan, R.O.C. Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Taiwan economic outlook, debt to GDP ratio, international trade … Taiwan GDP (Q1) Emerging Asia Data Response. Gross Domestic Product. Taiwan - Taiwan - Economy: Throughout its history Taiwan has experienced periods of economic boom and bust. GDP Growth Rate in Taiwan averaged 1.31 percent from 1981 until 2020, reaching an all time high of 8.42 percent in the fourth quarter of 2009 and a record low of -4.48 percent in the third quarter of 2008. For most indicators, Taiwan, China, data is not added to the data for China, but Taiwan, China, is added to the world aggregate and the high-income countries aggregate. The turnaround was spearheaded by firmer exports growth, chiefly thanks to soaring demand for Taiwanese electronic goods from China and the U.S. On the domestic front, consumer demand … GDP From Mining in Taiwan is expected to be 2817.00 TWD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Taiwan grew economically under Dutch rule in the mid-1600s and in the late 1800s under Chinese rule. Trade data for Taiwan are only available as a partner country. Taiwan is having a seriously good trade war. Accurate Macro & Micro Economic Data You Can Trust. Share Details. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Taiwan's first-quarter annual GDP growth was also revised slightly higher to 1.59% from a preliminary 1.54%, the agency said. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Country Report 2017 - Includes Taiwan real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. Taiwan Population History. Data are in current U.S. dollars. Taiwan: Central Bank holds policy stable in December. Statistical Information Network of the Republic of China This website serves as a national statistical portal of the Republic of China. This page provides - Taiwan GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Its GDP deflator (implicit price deflator) increased 0.204 % in Jun 2020. 1980-2019 Data | 2020-2021 Forecast | Historical | Chart | News. Taiwan GDP and Economic Data. The economy is projected to grow by 2.54% in 2020, up by 0.98 percentage point from the previous forecast. World Economic Outlook Update, June 2020: A Crisis Like No Other, An Uncertain Recovery June 24, 2020 Description: Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. GDP of Taiwan Province of China increased from 330.68 billion US dollars in 2000 to 610.69 billion US dollars in 2019 growing at an average annual rate of 3.41%. The description is composed by our digital data assistant. GDP Constant Prices in Taiwan is expected to be 4815229.00 TWD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Taiwan’s export-dependent economy shrugged off some of the effects of the coronavirus outbreak and kept expanding, although with the global economy in recession its … This page provides - Taiwan Gross National Product - actual values, historical data, forecast, chart, statistics, economic calendar and news. GDP (current US$) from The World Bank: Data. Its economy … GDP growth (annual %) GDP (constant 2010 US$) GDP (constant LCU) GDP: linked series (current LCU) GDP, PPP (constant 2017 international $) GDP (current LCU) GDP, PPP (current international $) GDP per capita growth (annual %) Download. View Taiwan's GDP per Capita from 1951 to 2018 in the chart: This page lists the countries of the world sorted by their gross domestic product per capita at nominal values.This is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current U.S. dollars, divided by the average population for the same year.. To learn more about cookies, click here. The weak survey data suggest that economic growth could disappoint to a significant extent in 2015. This page provides - Taiwan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Manufacturing PMI Highest Since 2011, Taiwan Retail Sales Growth Slows Slightly, Industrial Production in Taiwan Remains Robust, Taiwan Consumer Morale Strongest in 7 Months, Taiwan Export Orders Rise the Most in Over a Decade, Taiwan Leaves Rate Steady, Raises Growth Outlook, Taiwan Wholesale Prices Fall the Least in 9 Months, Taiwan CPI Unexpectedly Rises in November, European Stocks Drop on Tougher Covid Lockdowns, Tourist Arrivals in Spain Plummet for 9th Month, Switzerland in Deflation Territory for 11th Month, Singapore Shares Pare Losses in Late Trade, British Futures Point to Losses at the Open, Chinese Shares Up as NYSE Will Not Delist Companies, Germany Retail Sales Surprise on the Upside. Several centuries ago the island was a major trading centre in East Asia, and it prospered. November 17, 2020 . The data reached an all-time high of 14.4 % in Jun 1987 and a record low of -8.0 % in Mar 2009. GDP Annual Growth Rate in Taiwan averaged 7.18 percent from 1962 until 2020, reaching an all time high of 17.26 percent in the third quarter of 1978 and a record low of … Microsoft announced it would build its first cloud-computing data center in Taiwan at an event attended by Taiwanese President Tsai Ing-wen on Oct. 26 in Taipei. Taiwan Nominal GDP reached 157.765 USD bn in Jun 2020. Data are in current U.S. dollars. This site uses cookies to optimize functionality and give you the best possible experience. Manuals, guides, and other material on statistical practices at the IMF, in member countries, and of the statistical community at large are also available. At its monetary policy meeting on 17 December, the Board of Directors of Taiwan’s Central Bank kept the discount rate unchanged at the record low of 1.125%. en. World Bank national accounts data, and OECD National Accounts data files. TEL:886-2-23510271 FAX:886-2-23517080, 23513603 Toll-Free Service Hotline:0800002571 Service Hours: AM 9:00 ~ PM 17:00 / Office Hours : AM 8:30 ~ PM 12:30; PM … GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Taiwan’s economy contracted by 1.5% q/q in the first quarter of the year, and things are likely to get much worse before they get better. Trade data for Taiwan as reporter country are not published in the DOTS, by request of the Chinese authorities. Data compiled as of September 2018 TAIWAN BACKGROUND: TaiwanÕs dynamic multiparty democracy operates under a 1947 constitution that was drawn up originally to include all of China. In 2018, Taiwan’s gross domestic product amounted to around 1,282.06 billion international dollars. The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is … Population figures based on United Nations data.