Taiwan's economy grows 13.72% in 1H, strongest in 50 years
Posted on 2026-08-01 11:14:13
The Directorate General of Budget, Accounting and Statistics says Taiwan's economy expanded 13.7 percent in the first half of 2026, marking its strongest first-half growth in 50 years.
A DGBAS official said the growth was driven by the AI boom, robust investment and stronger consumer spending.
Second-quarter GDP growth came in at 12.9 percent on year, the fastest pace in 39 years.
That's more than 2 percentage points above the DGBAS forecast issued in May.
The stats agency said this was because private investment and consumer spending exceeded expectations.
It said private consumption rose an estimated 5.9 percent in the second quarter, the fastest pace in 11 quarters, supported by record stock market gains, a recovery in auto sales and strong travel demand.
Exports continued to benefit from strong global demand for AI-related electronics and ICT products, with merchandise exports in US-dollar terms rising 44 percent on year in the second quarter.
Meanwhile, the Taiwan dollar ended the month on an upswing vs. the greenback. The US dollar ended yesterday around 32.3, down from an opening level around 32.4. Over the course of July, it rose from 31.9, or by 1.3%.
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