Taiwan records stronger than expected economic growth for 2017

Taipei, Jan. 31 (CNA) Taiwan’s economy grew 2.84 percent last year, slightly above the government’s forecast of 2.58 percent, according to an advance estimate released by the Directorate General of Budget, Accounting and Statistics (DGBAS) on Wednesday.

In the fourth quarter of 2017, Taiwan registered a real gross domestic product (GDP) growth of 3.28 percent year-on-year, beating the DGBAS’s forecast in November of 2.3 percent growth, according to the data.

The GDP growth for the October-December period largely reflected stronger than expected private consumption and export growth, the DGBAS said.

After seasonal adjustments, the Q4 GDP growth rate was 1.03 percent from the previous quarter, the data showed.

Private consumption in the fourth quarter grew an estimated 2.92 percent, beating the November forecast of 2.02 percent and lifting the GDP growth by 1.47 percent, according to the DGBAS.

It said that after inflationary adjustment, real exports of products and services in the fourth quarter showed year-on-year growth of 6.01 percent, beating the forecast 2.74 percent growth.

Meanwhile, real imports of products and services registered 1.80 percent growth in the fourth quarter, higher than the earlier forecast of 1.68 percent.

Taiwan’s GDP grew in the first three quarters of 2017 by 2.64 percent, 2.28 percent and 3.1 percent, respectively, while the whole year growth was 2.84 percent, the data showed.

(By Chiu Po-sheng and Evelyn Kao)
Enditem/pc

image_pdfimage_print

Leave a Reply

Your email address will not be published. Required fields are marked *

Read More »
  • La Palma : l’île la plus verdoyante des Canaries, visitée par 45% de Belges en plus

    4:17 pm

    Le tourisme durable dans des endroits verts rencontre un succès croissant auprès des Belges. C’est également le cas à La Palma, aux Canaries. Bien que des destinations comme Tenerife et Gran Canaria soient plus connues du grand public, La Palma a enregistré la plus forte augmentation de voyageurs belges en 2019. Une telle progression s’explique par ses atouts, à savoir des paysages impressionnants, plusieurs climats, un ciel étoilé magnifique et sans pareil ainsi que les plus beaux sentiers de randonnée. Il s’agit d’une destination aux multiples facettes, où l’authenticité n’a pas encore cédé le pas au tourisme de masse. Des qualités en parfaite adéquation avec le désir croissant de tranquillité et d’espace, en harmonie avec la Read More »

  • P&O Ferries releases first images of €260M new super-ferries designed to revolutionise transport between Britain and Europe

    3:22 pm

    P&O FERRIES today releases the first official images of the €260 million new generation of super-ferries which will transform the experience of travelling between Britain and the Continent. The largest ships ever to sail between Dover and Calais, the first of the 230-metre super-ferries will be operational by 2023.

    David Stretch, Managing Director – Short Routes at P&O Ferries, said: “These remarkable images provide a glimpse of the transformation which our customers will experience when they travel between Britain and Europe on the most sustainable, most reliable and most customer friendly ships ever to sail on the route. This major investment will be a vital part of Europe’s transport infrastructure into the 2040s and symbolises our commitment to making trade flow Read More »

  • airBaltic New Record – 5 Million Passengers in 2019

    3:19 pm

    Riga. Latvian airline airBaltic in 2019has carried 5 049 317 passengers or 22% more than the year before to its network. It is the highest number of passengers carried in airline’s history.

     Martin Gauss, Chief Executive Officer of airBaltic: “We are reaching new heights and offering better connections to people travelling to and from the Baltics. In 2019, we continued our sustainable growth path and showed strong results that will help us to pave our future path, strengthening our role as the largest carrier in the region.”

    “Last year we launched nine new routes, and, by adding more Airbus A220-300 to our fleet, increased the comfort and reliability of our flights. Already now majority of our passengers fly Read More »

    • Hébergé par PlanetHoster