March 9, 2006
Due to better than expected export performance, the Directorate General of Budget, Accounting and Statistics in February revised upwards its estimates of economic growth for 2005 and 2006 to 4.09% and 4.25% respectively. While a final tally has yet to be made, DGBAS figures appear to indicate the nation successfully achieved its goal of 4% economic growth for 2005.
In the fourth quarter of 2005, the DGBAS had predicted that the economic growth rates for 2005 and 2006 would be 3.8% and 4.08%. However, it is now estimated that the growth rate for the fourth quarter of 2005 climbed to 6.4%, higher than originally anticipated. Taiwan's export surplus for the fourth quarter reached
USD 8.1 billion, accounting for at least half of the nation's total surplus for 2005.
This increase in exports at the end of 2005 has also led the DGBAS to adjust its prediction of a
USD 7.7 billion export surplus for all of 2006 upwards dramatically to
USD 19.9 billion.
The DGBAS also estimates that Taiwan's per capita
GDP reached
USD 15,271 in 2005, exceeding
USD 15,000 for the first time. It expects this amount to rise to
USD 15,806 in 2006.
(United Daily News)
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