Taiwan GDP 3Q2015

by Eduardo Petazze
For 2015, real GDP growth in Taiwan is estimated at around 1%, from 3.9% in 2014
For 2016 a growth of 2.2% is estimated, subject to the recovery of export levels (particularly with China) and increased household consumption.
The DGBAS of Taiwan has released its preliminary estimation of GDP for 2015Q3 and outlook for 2015-2016 (pdf, 26 pages)

Annual data
2012
2013
237,912
241,118
17,000
16,289
4,254,944
4,327,147
128,143
132,140
103,130
105,461
377,743
381,257
2,470,401
2,510,246
405,716
436,707
337,091
351,021
475,859
492,008
924,995
962,000
1,233,580
1,270,029
320,878
325,780
214,784
220,171
1,061,653
1,054,799
674,320
679,182
411,881
408,715
125,977
131,030
386,778
392,996
0
385
14,162,785 14,438,481
159,791
167,064
256,285
274,690
0
238
14,578,861 14,880,473
28,708
48,819
14,607,569 14,929,292
2012
2013
7,940,907
8,126,434
2,214,447
2,197,054
3,259,477
3,432,126
19,020
-48,401
10,462,131 10,828,138
9,288,413
9,604,432
14,607,569 14,930,919
0
-1,627
14,607,569 14,929,292
2012
2013
-3.20%
1.35%
-1.01%
-4.18%
3.72%
1.70%
1.69%
3.12%
6.38%
2.26%
-1.39%
0.93%
1.10%
1.61%
1.83%
7.64%
2.44%
4.13%
3.05%
3.39%
1.09%
4.00%
1.81%
2.95%
1.95%
1.53%
4.83%
2.51%
0.70%
-0.65%
1.07%
0.72%
0.25%
-0.77%
2.20%
4.01%
1.98%
1.61%
2.00%
1.95%
-1.82%
4.55%
-2.98%
7.18%
1.86%
2.07%
2.06%
2.20%
2012
2013
1.82%
2.34%
2.16%
-0.79%
-2.61%
5.30%
0.41%
3.50%
-1.78%
3.40%
2.06%
2.21%
2.06%
2.20%
Latest data
Official and own estimate

2014
242,375
15,695
4,670,252
134,404
108,706
382,848
2,608,179
439,300
355,378
502,315
1,034,768
1,294,564
327,802
226,503
1,051,046
684,120
423,677
133,962
410,015
-2,223
15,043,686
176,535
289,645
190
15,510,056
5,201
15,515,257
2014
8,396,879
2,275,139
3,492,658
30,808
11,467,673
10,147,480
15,515,677
-420
15,515,257
2014
0.52%
-3.65%
7.93%
1.71%
3.08%
0.42%
3.90%
0.59%
1.24%
2.09%
7.56%
1.93%
0.62%
2.88%
-0.36%
0.73%
3.66%
2.24%
4.33%
4.19%
5.67%
5.44%
4.23%
3.92%
2014
3.33%
3.55%
1.76%
5.91%
5.65%
3.92%
3.92%

Taiwan Real Gross Domestic Product

2015
2016
GDP at chained (2011) prices Million NT$
241,860
242,859 A. Agriculture, Forestry, Fishing and Animal Husbandry
14,996
14,368
B. Mining and Quarrying
4,754,609
4,919,552
C. Manufacturing
130,151
125,754
D. Electricity and Gas Supply
108,330
109,641
E. Water Supply and Remediation Services
380,700
381,569
F. Construction
2,603,139
2,630,127
G. Wholesale and Retail Trade
445,460
451,582
H. Transportation and Storage
359,062
363,943
I. Accommodation and Food Services
514,871
530,094
J. Information and Communication
1,070,428
1,118,610
K. Finance and Insurance
1,311,169
1,336,109
L. Real Estate and Ownership of Dwellings
316,643
310,657
M. Professional, Scientific and Technical Services
236,282
246,992
N. Support Services
1,063,238
1,078,546
O. Public Administration and Defence Compulsory Social Security
684,162
689,305
P. Education
427,702
436,184
Q. Human Health and Social Work Services
136,124
139,119
R. Arts, Entertainment and Recreation
414,540
425,178
S. Other Services
3
0 Residual
15,213,469 15,550,189 Subtotal
177,602
185,582
Import Duties
286,030
290,871
Value-Added Tax
0
0
Residual
15,677,101 16,026,642 GDP (production appraoch)
0
0
Statistical Discrepancy
15,677,101 16,026,642 GDP
2015
2016
GDP at chained (2011) prices Million NT$
8,610,967
8,762,577 Private Final Consumption Expenditure
2,260,388
2,298,356 Government Final Consumption Expenditure
3,525,088
3,576,204 Gross Fixed Capital Formation
30,030
28,998 Changes in Inventories
11,484,917 12,029,272 Exports
10,234,289 10,668,765 Imports
15,677,101 16,026,642 GDP expenditure approach
0
0
Statistical Discrepancy
15,677,101 16,026,642 GDP
2015
2016
YoY
-0.21%
0.41% A. Agriculture, Forestry, Fishing and Animal Husbandry
-4.45%
-4.19%
B. Mining and Quarrying
1.81%
3.47%
C. Manufacturing
-3.16%
-3.38%
D. Electricity and Gas Supply
-0.35%
1.21%
E. Water Supply and Remediation Services
-0.56%
0.23%
F. Construction
-0.19%
1.04%
G. Wholesale and Retail Trade
1.40%
1.37%
H. Transportation and Storage
1.04%
1.36%
I. Accommodation and Food Services
2.50%
2.96%
J. Information and Communication
3.45%
4.50%
K. Finance and Insurance
1.28%
1.90%
L. Real Estate and Ownership of Dwellings
-3.40%
-1.89%
M. Professional, Scientific and Technical Services
4.32%
4.53%
N. Support Services
1.16%
1.44%
O. Public Administration & Defence; Social Security
0.01%
0.75%
P. Education
0.95%
1.98%
Q. Human Health and Social Work Services
1.61%
2.20%
R. Arts, Entertainment and Recreation
1.10%
2.57%
S. Other Services
1.13%
2.21% Subtotal
0.60%
4.49%
Import Duties
-1.25%
1.69%
Value-Added Tax
1.08%
2.23% GDP (production appraoch)
1.04%
2.23%
GDP
2015
2016
YoY
2.55%
1.76% Private Final Consumption Expenditure
-0.65%
1.68% Government Final Consumption Expenditure
0.93%
1.45% Gross Fixed Capital Formation
0.15%
4.74% Exports
0.86%
4.25% Imports
1.04%
2.23% GDP expenditure approach
1.04%
2.23%
GDP

Quarter Data
GDP at chained (2011) prices Million NT$
A. Agriculture, Forestry, Fishing and Animal Husbandry
B. Mining and Quarrying
C. Manufacturing
D. Electricity and Gas Supply
E. Water Supply and Remediation Services
F. Construction
G. Wholesale and Retail Trade
H. Transportation and Storage
I. Accommodation and Food Services
J. Information and Communication
K. Finance and Insurance
L. Real Estate and Ownership of Dwellings
M. Professional, Scientific and Technical Services
N. Support Services
O. Public Administration and Defence Compulsory Social Security
P. Education
Q. Human Health and Social Work Services
R. Arts, Entertainment and Recreation
S. Other Services
Residual
Subtotal
Import Duties
Value-Added Tax
Residual
GDP (production appraoch)
Statistical Discrepancy
GDP
GDP at chained (2011) prices Million NT$
Private Final Consumption Expenditure
Government Final Consumption Expenditure
Gross Fixed Capital Formation
Changes in Inventories
Exports
Imports
GDP expenditure approach
Statistical Discrepancy
GDP
YoY
A. Agriculture, Forestry, Fishing and Animal Husbandry
B. Mining and Quarrying
C. Manufacturing
D. Electricity and Gas Supply
E. Water Supply and Remediation Services
F. Construction
G. Wholesale and Retail Trade
H. Transportation and Storage
I. Accommodation and Food Services
J. Information and Communication
K. Finance and Insurance
L. Real Estate and Ownership of Dwellings
M. Professional, Scientific and Technical Services
N. Support Services
O. Public Administration & Defence; Social Security
P. Education
Q. Human Health and Social Work Services
R. Arts, Entertainment and Recreation
S. Other Services
Subtotal
Import Duties
Value-Added Tax
GDP (production appraoch)
GDP
YoY
Private Final Consumption Expenditure
Government Final Consumption Expenditure
Gross Fixed Capital Formation
Exports
Imports
GDP expenditure approach
GDP
Latest data
Official and own estimate

Taiwan Real Gross Domestic Product Gross data

2014Q3
2014Q4
2015Q1
2015Q2
2015Q3
52,691
71,480
53,999
63,402
52,213
3,572
4,739
3,708
3,531
3,140
1,259,949 1,228,553 1,100,218 1,152,577 1,219,541
32,847
44,684
30,628
24,077
31,191
28,679
28,452
23,907
26,774
28,683
102,367
81,029
101,242
96,955
100,899
609,507
699,720
664,545
631,414
593,530
106,771
113,175
113,783
110,435
105,751
91,481
87,013
91,023
86,968
92,314
127,985
130,137
124,158
123,851
132,404
274,611
242,063
251,891
288,850
273,517
311,943
351,075
318,510
319,965
313,273
82,401
85,538
76,320
77,452
78,075
56,260
63,773
54,110
56,758
58,782
268,328
253,440
264,254
269,320
271,989
188,369
176,304
159,935
156,744
189,032
107,524
106,958
101,665
108,059
108,193
33,372
33,394
35,198
32,926
33,659
102,929
111,443
101,872
95,974
101,758
-2,590
4,250
-2,565
-6,635
-3,853
3,838,996 3,917,220 3,668,401 3,719,397 3,784,091
45,095
45,344
42,899
44,888
44,481
74,405
81,601
67,604
63,410
72,175
50
101
37
15
45
3,958,546 4,044,266 3,778,941 3,827,710 3,900,792
18,581
32,769
10,980
12,241
51,356
3,977,127 4,077,035 3,789,921 3,839,951 3,952,148
2014Q3
2014Q4
2015Q1
2015Q2
2015Q3
2,146,358 2,116,034 2,142,320 2,142,671 2,157,041
575,020
623,784
515,008
549,932
572,494
893,586
890,581
832,870
877,223
921,308
26,313
9,783
1,428
33,751
-3,788
2,951,745 3,056,689 2,779,640 2,819,094 2,862,750
2,615,789 2,615,869 2,482,629 2,588,394 2,557,113
3,977,233 4,081,002 3,788,637 3,834,277 3,952,692
-106
-3,967
1,284
5,674
-544
3,977,127 4,077,035 3,789,921 3,839,951 3,952,148
2014Q3
2014Q4
2015Q1
2015Q2
2015Q3
-4.57%
4.13%
1.94%
-2.81%
-0.91%
-1.19%
-0.21%
2.63%
-6.36% -12.09%
9.44%
8.71%
7.23%
-0.27%
-3.21%
3.76% -11.26%
-0.42%
-7.81%
-5.04%
3.33%
4.12%
-1.54%
-1.91%
0.01%
0.32%
0.83%
0.04%
-1.32%
-1.43%
4.30%
2.85%
0.79%
-1.29%
-2.62%
-0.08%
-1.37%
2.47%
1.96%
-0.96%
0.51%
-1.79%
0.44%
0.82%
0.91%
0.99%
2.15%
1.05%
2.08%
3.45%
12.27%
3.05%
3.46%
5.18%
-0.40%
2.06%
2.10%
1.34%
0.86%
0.43%
0.89%
2.45%
-4.36%
-3.26%
-5.25%
2.67%
4.28%
3.75%
4.50%
4.48%
-0.18%
0.20%
0.45%
1.17%
1.36%
0.06%
0.07%
-0.83%
-0.90%
0.35%
3.84%
1.73%
0.01%
0.48%
0.62%
2.47%
1.86%
1.32%
1.44%
0.86%
4.49%
8.40%
1.45%
0.78%
-1.14%
4.96%
4.02%
2.66%
0.14%
-1.43%
8.98%
7.00%
2.69%
1.28%
-1.36%
9.25%
3.56%
3.95%
-7.57%
-3.00%
5.08%
4.04%
2.68%
0.02%
-1.46%
4.26%
3.63%
4.04%
0.57%
-0.63%
2014Q3
2014Q4
2015Q1
2015Q2
2015Q3
4.26%
2.81%
3.73%
3.55%
0.50%
3.64%
4.04%
-2.71%
0.54%
-0.44%
3.34%
-0.36%
-0.44%
0.60%
3.10%
7.54%
6.44%
6.13%
-0.74%
-3.01%
8.94%
6.14%
2.87%
3.43%
-2.24%
4.24%
3.69%
4.13%
0.40%
-0.62%
4.26%
3.63%
4.04%
0.57%
-0.63%

2015Q4
72,246
4,617
1,282,273
44,255
28,966
81,604
713,650
115,491
88,757
134,458
256,170
359,421
84,796
66,632
257,675
178,451
109,785
34,341
114,936
13,056
4,041,580
45,334
82,841
-97
4,169,658
-74,577
4,095,081
2015Q4
2,168,935
622,954
893,687
-1,361
3,023,433
2,606,153
4,101,495
-6,414
4,095,081
2015Q4
1.07%
-2.57%
4.37%
-0.96%
1.81%
0.71%
1.99%
2.05%
2.00%
3.32%
5.83%
2.38%
-0.87%
4.48%
1.67%
1.22%
2.64%
2.84%
3.13%
3.17%
-0.02%
1.52%
3.10%
0.44%
2015Q4
2.50%
-0.13%
0.35%
-1.09%
-0.37%
0.50%
0.44%

2016Q1
2016Q2
2016Q3
2016Q4
53,674
63,800
53,481
71,904
3,523
3,389
3,041
4,415
1,132,903 1,196,782 1,282,444 1,307,423
29,419
23,014
30,592
42,729
23,977
27,134
29,531
28,999
100,361
97,258
102,925
81,025
666,234
639,912
610,994
712,987
114,100
112,142
109,288
116,052
91,238
88,247
95,242
89,216
126,428
127,748
138,765
137,153
261,487
301,475
290,485
265,163
321,350
326,775
325,522
362,462
74,165
76,111
77,954
82,427
56,075
59,513
62,643
68,761
264,722
273,381
281,025
259,418
159,323
158,050
193,785
178,147
102,746
110,329
112,286
110,823
35,572
33,720
35,047
34,780
103,559
98,834
106,359
116,426
3,720,856 3,817,614 3,941,409 4,070,310
43,903
46,382
47,911
47,386
68,761
64,188
73,476
84,446
0
0
0
0
3,833,520 3,928,184 4,062,796 4,202,142
3,833,520
2016Q1
2,178,311
528,385
843,218
-1,316
2,808,816
2,523,894
3,833,520
0
3,833,520
2016Q1
-0.60%
-4.99%
2.97%
-3.95%
0.29%
-0.87%
0.25%
0.28%
0.24%
1.83%
3.81%
0.89%
-2.82%
3.63%
0.18%
-0.38%
1.06%
1.06%
1.66%
1.43%
2.34%
1.71%
1.44%
1.15%
2016Q1
1.68%
2.60%
1.24%
1.05%
1.66%
1.18%
1.15%

3,928,184
2016Q2
2,172,240
556,325
885,051
12,567
2,968,432
2,666,431
3,928,184
0
3,928,184
2016Q2
0.63%
-4.02%
3.84%
-4.42%
1.34%
0.31%
1.35%
1.55%
1.47%
3.15%
4.37%
2.13%
-1.73%
4.85%
1.51%
0.83%
2.10%
2.41%
2.98%
2.64%
3.33%
1.23%
2.62%
2.30%
2016Q2
1.38%
1.16%
0.89%
5.30%
3.01%
2.45%
2.30%

4,062,796
2016Q3
2,206,653
581,031
928,950
9,788
3,090,680
2,754,306
4,062,796
0
4,062,796
2016Q3
2.43%
-3.15%
5.16%
-1.92%
2.96%
2.01%
2.94%
3.34%
3.17%
4.80%
6.20%
3.91%
-0.15%
6.57%
3.32%
2.51%
3.78%
4.12%
4.52%
4.16%
7.71%
1.80%
4.15%
2.80%
2016Q3
2.30%
1.49%
0.83%
7.96%
7.71%
2.79%
2.80%

4,202,142
2016Q4
2,205,373
632,615
918,985
7,959
3,161,344
2,724,134
4,202,142
0
4,202,142
2016Q4
-0.47%
-4.38%
1.96%
-3.45%
0.11%
-0.71%
-0.09%
0.49%
0.52%
2.00%
3.51%
0.85%
-2.79%
3.20%
0.68%
-0.17%
0.95%
1.28%
1.30%
0.71%
4.53%
1.94%
0.78%
2.61%
2016Q4
1.68%
1.55%
2.83%
4.56%
4.53%
2.45%
2.61%