AI Demand Explodes: DGBAS Upgrades Taiwan's 2025 Economic Growth Forecast to 9.64%, a 16-Year High

Central News Agency, Taipei, May 29. Benefiting from the explosive growth in AI business opportunities, the Directorate-General of Budget, Accounting and Statistics (DGBAS) significantly upgraded Taiwan's economic growth forecast for this year to 9.64%, a 16-year high. Exports, private consumption, and private investment have all been revised upward. DGBAS Minister Chen Shu-tzu stated that the momentum of economic growth is very strong. According to the latest forecast, the growth rate was revised upward by 1.93 percentage points from the February forecast. The Q1 growth rate of 14.55% is the highest in 48 years. Tsai Yu-tai, Director of the Department of Statistics, pointed out that the current economic boom is driven by AI demand exceeding expectations and a significant 'industrial transformation.' Major Cloud Service Providers (CSPs) are increasing capital expenditures, and the mass production of next-generation high-end servers is boosting exports of related electronic and ICT products. AI demand has become a key engine for Taiwan's economic growth. Total commodity exports are expected to reach a record $894.5 billion this year.