Taiwan's economic growth rate for 2021 is estimated at 6.45% (adjusted by 0.17 percentage points from January's preliminary estimate of 6.28%) which is the highest annual level since 2011, according to the Directorate General of Budget, Accounting, and Statistics (DGBAS) on February 24.
2022 economic growth rate is forecast at 5.3% for China, 3.7% for the US, and 3.7% for the European Union, DGBAS indicated.
DGBAS: Taiwan economic situation | ||||
Economic growth | On-year increase in consumer price index | GDP per capita | GNI per capita | |
4Q21 (estimated) | 4.86% (downward adjusted by 0.02 percentage point from 4.88% preliminarily estimated in January 2022) | 2.67% | US$8,850 | US$8,984 |
2021 (estimated) | 6.45% | 1.96% | US$33,004 | US$33,638 |
2022 (forecast) | 4.42% (upward adjusted by 0.27 percentage point from 4.15% forecast in November 2021) | 1.93% | US$35,224 | US$35,759 |
Source: DGBAS, compiled by Digitimes, February 2022
