Description
Taiwan's Gross Domestic Product (GDP) annual growth rate, based on constant 2016 prices, is released by the Directorate-General of Budget, Accounting and Statistics (DGBAS). This indicator measures the year-on-year change in the economy by comparing GDP during a specific period with the same period in the previous year, adjusted to 2016 prices. It serves as a crucial measure for assessing Taiwan's economic performance and growth trends. A higher annual growth rate indicates a strong and expanding economy, while lower or negative growth rates suggest stagnation or contraction.
The data is updated quarterly and is typically released within 45 days after the end of each quarter.