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Taiwan 3Q21 economic growth estimated at 3.80%

Adam Hwang, DIGITIMES, Taipei 0

Taiwan-produced notebooks. Credit: DIGITIMES

Taiwan's economic growth for third-quarter 2021 is preliminarily estimated at 3.80%, 0.49pp higher than 3.31% forecast in August 2021, according to the Directorate General of Budget, Accounting and Statistics (DGBAS).

The economic growth for January-September 2021 is preliminarily estimated at 6.74%, DGBAS said.

Third-quarter 2021 economic growth is estimated at 4.9% for China, 6.5% for Singapore, 4.0% for South Korea, and 4.9% for the US, DGBAS noted.

DGBAS: Taiwan economic situation

Economic growth

CPI Y/Y

GDP per capita

GNI per capita

3Q21(e)

3.80%

2.29%

US$8,307

US$8,391

4Q21(f)

4.01%

1.94%

US$8,717

US$8,850

2021(f)

5.88%

1.74%

US$32,747

US$33,310

2022(f)

3.69%

0.89%

US$34,523

US$35,073

Source: DGBAS, compiled by Digitimes, November 2021