Taiwan’s Q3 growth rate hits 14.36%; officials forecast full-year growth of 12%
Original headline대만 3분기 성장률 14.36%…당국자 연 12% 전망
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TAIWAN Q3 GDP SURGES 14.36%, HIGHEST IN 48 YEARS — Taiwan's Q3 real GDP grew a preliminary 14.36% year-on-year, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said Oct. 30, beating the August forecast of 11.42% by 2.94 percentage points and marking the strongest quarterly expansion in 48 years, with cumulative growth of 14.22% for the first three quarters the highest in half a century. National Development Council chief Yeh Chun-hsien said full-year growth of 12% is achievable, though Q4 growth could slow to 6–7% due to a high base effect from last year. The print underscores Taiwan's export-driven economy's momentum, likely tied to sustained global demand for semiconductors and AI-related hardware, and strengthens the case for a robust 2025. Watch for the final Q3 GDP revision and whether Q4 data confirms the expected base-effect slowdown.
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Taiwan, Yeh Chun-hsien, Directorate General of Budget, Accounting and Statistics (DGBAS)