TAIWAN’S GDP GROWTH IN 2021 EXPECTED TO HIT A RECORD HIGH

Due to strong exports and robust domestic investment, Taiwan’s GDP growth in 2021 is expected to hit 6.1%, the highest number of the past eleven years, according to the Directorate General of Budget. The export volume increased significantly by 30.7% YoY in the first three quarters of 2021 to NT$324 billion with the electronic component and computer sectors as well as information and communication products growing the most, reflecting the pivotal role played by Taiwan’s technology companies in the global supply chain.

In addition to the technology sector, demand from logistics and data centers will continue to drive the industrial market.