Taiwan’s economic growth averaged 2.5% over last 5 years

Focus Taiwan
Date: 2016/06/02
By: Chen Cheng-wei and Y.F. Low

Taipei, June 2 (CNA) Taiwan’s economic growth averaged 2.5 percent 201606020031t0001between 2011 and 2015, lower than the global average of 2.7 percent during the same period, according to a report released Thursday by the Directorate General of Budget, Accounting and Statistics (DGBAS).

The country’s economic growth averaged 4.2 percent during the 2001-2010 decade, 6.7 percent during the 1991-2000 decade and 8.2 percent during the 1981-1990 decade, all higher than the global average of 2.6 percent, 2.9 percent and 3.3 percent, respectively, the DGBAS said.

It said that exports, which are a major driver of Taiwan’s economic growth, showed an average real growth of just 2.4 percent during the 2011-2015 period, lower than the average global trade growth of 3.9 percent.     [FULL  STORY]

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