Lost your password?
Don't have an account? Sign Up

Taiwan Economy Grows the Most in a Year

The Semiconductor Chip Friendly, Taiwan has exponential growth, despite the global crisis and inflation!

GDP expands 2.32% in the July-September period to beat 2% estimate

Data gives the government a boost ahead of presidential elections

Tweet on Taiwan’s economy growth


Taiwan’s economy grew at the fastest pace in a year as consumer spending continued to rebound, giving the government a much-needed boost before a critical presidential election in January.

Gross domestic product in the July to September period rose 2.32% from a year earlier, official data showed Tuesday. That exceeded the median estimate of 2% growth in a Bloomberg survey of economists and compares with a 1.36% rise in the second quarter, when the economy climbed out of recession.

Consumer spending was the largest contributor to third-quarter growth, rising 8.9%, stronger than the government previously forecast, according to the statistics bureau’s statement. External demand was a positive contributor to GDP growth for the first time since the third quarter of 2022.


Image: Chips