Taiwan's economic growth for first-quarter 2021 is preliminarily estimated at 8.16%, the highest quarterly level since fourth-quarter 2010 and 1.96pp higher than the forecast 6.20% made in February 2021, according to the Directorate General of Budget, Accounting and Statistics (DGBAS).
The forecast economic growth of 4.64% for 2021 is the highest annual level since 2015, DGBAS noted.
First-quarter 2021 economic growth is estimated at 18.3% for China, 0.2% for Singapore, 1.8% for South Korea, and 0.4% for the US, DGBAS said.
DGBAS: Taiwan's economy, 1Q21 and 2021 | ||||
Economic growth | On-year CPI increase | GDP per capita | GNI per capita | |
1Q21(e) | 8.16% | 0.82% | US$7,668 | US$7,907 |
2021(f) | 4.64% | 1.33% | US$30,981 | US$31,685 |
Source: DGBAS, compiled by Digitimes, May 2021
