FX.co ★ Taiwan Q2 GDP Growth Revised Higher

In the second quarter of 2025, Taiwan's annual economic growth was revised upwards to 8.01%, slightly higher than the preliminary estimate of 7.96% and a significant increase from the 5.45% growth recorded in the first quarter, after revision. This represents the most rapid economic expansion since the second quarter of 2021. The surge was largely driven by a remarkable 35.02% increase in exports, up from 19.38% in Q1, largely due to robust demand for AI and emerging technologies. Imports also saw substantial growth, rising by 31.29% compared to 23.71% in the previous quarter. Government spending increased notably, at 2.85% compared to 0.52% in Q1, although private consumption experienced a slowdown, growing by only 0.49% against 1.32% previously. Gross fixed capital formation also decelerated, growing by 13.87% versus 18.48% in Q1. From a production perspective, the manufacturing sector expanded by 17.24% in Q2 2025, following a 10.18% increase in the previous quarter, primarily due to strong growth in semiconductor, computer, electronics, and optical products output. On a seasonally adjusted basis, GDP rose by 3.05% during the second quarter, accelerating from a revised 1.51% growth in the previous quarter.