Financial News: Taiwan GDP Growth Quickens In Q1

Taiwan GDP Growth Quickens In Q1

04/30/2025 - 07:48:00 (RTTNews)

(RTTNews) - Taiwan's economy continued to expand in the first quarter of 2025, and at the fastest pace in a year, according to advance estimates by the Directorate General of Budget, Accounting, and Statistics, or DGBAS, revealed on Wednesday.

Gross domestic product, or GDP, advanced 5.37 percent year-on-year in the first quarter, following a 2.90 percent increase in the December quarter. The expected growth rate was 3.30 percent.

Further, this was the sharpest growth since the first quarter of 2024, when GDP had risen 6.64 percent.

On the expenditure side, private final consumption grew 1.22 percent, and government consumption rose by 0.53 percent. Gross capital formation continued to expand strongly by 14.72 percent.

Exports of goods and services climbed 20.1 percent, and imports were 23.7 percent higher.

On a quarter-on-quarter, seasonally adjusted, annual basis, GDP rose 9.67 percent, faster than the 6.64 percent expansion a quarter ago.

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