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Taiwan 1Q21 economic growth estimated at 8.16%

Adam Hwang, DIGITIMES, Taipei 0

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