Description
Taiwan's real Gross Domestic Product (Real GDP) annual growth rate, released by the Directorate-General of Budget, Accounting and Statistics (DGBAS), is a key indicator of the overall economic performance and growth of Taiwan. It is calculated by comparing the current quarter's inflation-adjusted GDP with the GDP of the same quarter in the previous year. GDP is adjusted for inflation using the GDP deflator to ensure that the indicator reflects real changes in economic output rather than price changes. Positive growth typically indicates economic expansion, while negative growth may signal a contraction.
The data is updated quarterly and is usually released within one month after the end of each quarter.