Comparing economic growth performance in recent years, Taiwan wins by a huge marginsouth korea.The central bank report pointed out that Taiwan’s economic performance from 2015 to 2023 was not only better than that of South Korea, but also better than that of the United States andJapan. Data show that Taiwan’s economy performed steadily from 2015 to 2023, with an average economic growth rate of 3%, which is better than South Korea’s 2.4% and the United States’ 2.3%. Japan’s performance is relatively weak, with an average economic growth rate of only 0.6%.
The central bank pointed out that looking back from 2015 to 2022, the US-China trade dispute, technology war, and COVID-19 epidemic not only injected new growth momentum into Taiwan’s economy, but also strengthened its economic resilience. From 2019 to 2021, Taiwan’s economy grew for three consecutive years. More than 3%.
After the U.S.-China trade dispute, the government optimized the domestic investment environment and actively promoted the “Three Major Plans for Investing in Taiwan” to attract Taiwanese businessmen to return to Taiwan to invest and major international technology companies to expand production in Taiwan. Investment momentum is good.
Although Taiwan’s economic growth will drop to 1.31% in 2023, which is lower than 1.47% in 2015, looking at the economic growth index, if 2015 is used as the base period, Taiwan’s real GDP in 2023 will increase by 28.1% compared to 2015, which is better than South Korea’s 20.4%. %, the United States 19.0% and Japan 3.8%. If 2019, before the outbreak, is used as the base period, Taiwan’s real GDP index in 2023 will increase by 14.6% compared to 2019, which is better than the United States’ 8.1%, South Korea’s 7.7%, and Japan’s 1.1%.
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Tags: Taiwans economic growth years surpassed United States Japan South Korea Financial Focus Industrial Economics
