Taiwan grows 14.36 per cent as investment and exports surge
Taiwan posted a fourth consecutive quarter of double-digit annual growth, with real GDP rising by 14.36 per cent. Capital formation increased by 26.36 per cent and exports by 21.12 per cent. Domestic demand supplied 9.41 percentage points of growth, exceeding the contribution from net exports in the advance estimate. The statistics agency linked export demand to emerging technologies.
Economics & Markets··Evening
Double-digit expansion continues
Taiwan’s real gross domestic product expanded by 14.36 per cent from a year earlier in the third quarter. The advance estimate published on 30 October by the Directorate General of Budget, Accounting and Statistics, DGBAS, marked the fourth consecutive quarter above double-digit annual growth. The sequence began with 12.95 per cent in the final quarter of 2025, followed by 15.43 per cent in the first quarter of this year and 12.93 per cent in the second.[1], [2]
On a seasonally adjusted basis, output increased by 3.21 per cent from the preceding quarter, compared with 1.39 per cent in the second quarter. The latest increase equated to an annualised rate of 13.48 per cent. Across the first three quarters combined, annual growth was 14.22 per cent, following full-year growth of 8.76 per cent in 2025.[1]
Capital formation and consumption increase
Real gross capital formation, including inventories, increased by 26.36 per cent annually. Investment rose in machinery, transport equipment, intellectual-property products and construction. Capital formation supplied 6.32 percentage points of GDP growth, compared with a negative 0.59 point in the final quarter of 2025. Private final consumption increased by 5.37 per cent and contributed 2.30 percentage points.[1], [2]
Information and communication, entertainment, transport and outbound tourism expenditure supported household consumption. DGBAS also identified securities and fund transaction fees associated with active financial markets. Government final consumption grew by 6.43 per cent. Domestic demand’s total contribution reached 9.41 percentage points, compared with 4.94 points from net exports.[1]
Exports grow alongside a larger domestic contribution
Real exports of goods and services rose by 21.12 per cent, while imports increased by 20.12 per cent. DGBAS linked export growth to sustained demand for emerging technologies, including artificial intelligence, and related applications. Domestic demand’s contribution had risen from 0.94 percentage point in the final quarter of 2025 to 4.84 points in the first quarter and 7.30 points in the second. Net exports supplied 12.01, 10.59 and 5.63 points over those periods respectively. The agency scheduled the preliminary third-quarter estimate for 27 November.[1], [2]
