Doing Business in Taiwan

 

Why Taiwan

This video explains why Taiwan is a great choice to start or expand your business.

 

 

 


 

Taiwan GDP Annual Growth Rate

 

The Taiwanese economy expanded 5.09% yoy in Q4 2020, compared with the preliminary figure of a 4.94% advance and after an upwardly revised 4.26% expansion in Q3. This was the strongest pace of growth since Q1 2011, as the economy recovered further from the COVID-19 shocks. Government spending growth accelerated (4.37% vs 3.52% in Q3) and gross capital formation increased further (2.96% vs 6.12%). In addition, private consumption shrank less (-1.07% vs -1.55%).

 

At the same time, exports rose faster (5.67% vs 3.33%), amid strong foreign demand for parts of electronic products and information, communication, and audio-video products. Meanwhile, imports fell further (-2.9% vs -3.6%). For full 2020, the GDP was revised up to 3.11% from an earlier forecast of 2.08%. In 2021, the economy is expected to grow by 4.64%, higher than a prior forecast of 3.83% on a strong rebound in exports. 

 

 

Source: National Statistics, Republic of China

 


 

 

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