DGBAS Estimates Q1 Economic Growth at 13.69%, Highest in Nearly 39 Years
Taiwan's Directorate-General of Budget, Accounting and Statistics (DGBAS) announced that the estimated economic growth rate for Q1 2024 reached 13.69%, the highest quarterly growth in nearly 39 years, driven by surging AI demand, exports, investment, and better-than-expected private consumption.
📋 Article Processing Timeline
- 📰 Published: April 30, 2026 at 17:26
- 🔍 Collected: April 30, 2026 at 17:32 (5 min after Published)
- 🤖 AI Analyzed: April 30, 2026 at 18:50 (1h 18m after Collected)
Central News Agency
(Central News Agency reporter Pan Tzu-yu, Taipei, 30th) The fierce growth in AI demand has driven Taiwan's exports and investment, and private consumption also performed better than expected. The Directorate-General of Budget, Accounting and Statistics (DGBAS) announced today that the estimated economic growth rate for the first quarter of this year was 13.69%, an increase of 2.23 percentage points from the forecast in February, and the highest single-quarter level in nearly 39 years since the third quarter of 1987.
DGBAS explained that the continuous strong demand for AI, high-performance computing, and cloud infrastructure, coupled with the mass production of new-generation high-end products, boosted the expansion of related electronic and information and communication product exports. The robust demand for emerging technology applications also helped sustain corporate investment momentum.
In addition, the continued effectiveness of government cash handouts and the wealth effect driven by record-high stock market also led to better-than-expected private consumption performance. (Edited by Pan Yi-ching, Yang Kai-hsiang) 1150430
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(Central News Agency reporter Pan Tzu-yu, Taipei, 30th) The fierce growth in AI demand has driven Taiwan's exports and investment, and private consumption also performed better than expected. The Directorate-General of Budget, Accounting and Statistics (DGBAS) announced today that the estimated economic growth rate for the first quarter of this year was 13.69%, an increase of 2.23 percentage points from the forecast in February, and the highest single-quarter level in nearly 39 years since the third quarter of 1987.
DGBAS explained that the continuous strong demand for AI, high-performance computing, and cloud infrastructure, coupled with the mass production of new-generation high-end products, boosted the expansion of related electronic and information and communication product exports. The robust demand for emerging technology applications also helped sustain corporate investment momentum.
In addition, the continued effectiveness of government cash handouts and the wealth effect driven by record-high stock market also led to better-than-expected private consumption performance. (Edited by Pan Yi-ching, Yang Kai-hsiang) 1150430
Choose to stand with the facts. Every sponsorship you provide is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to stay updated with the latest news.
The text, images, and audio-visual content of this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.