Taiwan's forecast economic growth rate for 2021 is upward adjusted from 5.46% forecast in June 2021 to 5.88%, the highest annual level since 2011, according to the Directorate General of Budget, Accounting, and Statistics (DGBAS).
According to IHS Markit, 2021 economic growth rate is forecast at 8.5% for China, 2.4% for Japan, 5.8% for Singapore, 3.8% for South Korea, 6.8% for Hong Kong, 6.6% for the US, 3.8% for Germany, 5.7% for France, 6.6% for the UK, DGBAS said.
DGBAS: Taiwan economic situation | ||||
Economic growth | On-year increase in the consumer price index | GDP per capita | GNI per capita | |
2Q21 (estimated) | 7.43% | 2.14% | US$7,872 | US$8,010 |
3Q21 (forecast) | 3.31% | 2.09% | US$8,302 | US$8,385 |
4Q21 (forecast) | 4.01% | 1.94% | US$8,717 | US$8,850 |
2021 (forecast) | 5.88% | 1.74% | US$32,747 | US$33,310 |
2022 (forecast) | 3.69% | 0.89% | US$34,523 | US$35,073 |
Source: DGBAS, compiled by Digitimes, August 2021
