Taiwan’s GDP grew 14.4% year over year in the third quarter of 2026, driven jointly by investment, exports and consumption. Citi raised its growth forecasts and expects inflation and financing demand to prompt the central bank to raise rates starting in December.
Taiwan’s GDP grew 14.4% year over year in the third quarter of 2026, exceeding market expectations. Faster capital formation lifted domestic demand’s contribution above that of net exports, and JPMorgan raised its growth forecasts for 2026 and 2027 to 12.7% and 6.1%, respectively.
Wages, consumption and corporate credit are strengthening together. Goldman Sachs has raised its growth forecasts for Taiwan for this year and next, and expects rate hikes of 12.5 basis points in each of three consecutive quarters. Capital outflows are weighing on the New Taiwan dollar in the short term, but the medium-term outlook remains positive.
