For the first time in 23 years! Taiwan's exports surpass US$600 billion, overtaking Singapore. Booming AI demand helps reshape the rankings of the Four Asian Tigers.
Gross domestic product (GDP) expanded 8.63% last year from 2024, according to a statement from the statistics bureau in Taipei on Friday. That compares to the 7.5% median estimate in a Bloomberg survey of economists.
Fourth-quarter GDP grew by 12.68%, versus an estimate of 8.75%. That’s the fastest since 1987.
Exports, investment and consumption all contributed to Taiwan's strong Q1 economic growth! Amidst record-high stock markets, private consumption growth reached a near ten-quarter high.