Who knows the GDP of Taiwan Province Province in 2003? Urgent! ! !

The GDP of Taiwan Province Province increased by 3.24% in 2003.

2004-2-23 Nanjing Commercial Bank Bond Investment Network

Taiwan Province Province announced on Friday that Taiwan Province's economy grew strongly in the fourth quarter as the global economic recovery stimulated local imports, exports and private consumption.

Taiwan Province's GDP during the period of 10- 12 increased by 5. 17% compared with the same period of last year, which was higher than the 4. 18% in the third quarter.

The GDP growth in the fourth quarter was slightly lower than the 5.3% surveyed by Dow Jones Newswires.

Taiwan Province's GDP grew by 3.24% last year, which was lower than the 3.3% growth forecast made by Dow Jones Newswires.

Taiwan Province Province does not adjust the seasonal factors of GDP data, nor does it calculate the growth rate of GDP compared with the previous quarter.

The municipal government of Taiwan Province Province expects the economic growth rate of Taiwan Province Province to be 4.74% this year, which is revised upwards from the previous forecast of 4. 1% and higher than the 4.5% growth forecast obtained by Dow Jones Newswires.

According to the Taiwan provincial government, the focus of the economy has shifted from external demand to local demand this year. Taking private consumption as an example, it is estimated that this year will increase by 2.9% over the previous year; The growth rate of private consumption in 2003 was only 0.8%.

In addition, the Taiwan provincial government expects that private investment will also grow strongly. Private investment decreased by 0.7% last year and is expected to increase by 14.5% this year.

Since the level of enterprise expenditure can show the confidence of enterprises in sustained economic improvement, economists have been paying attention to all kinds of signs that can show that enterprises increased their expenditure in 2004.

Many companies, including chip giants TSMC and United Microelectronics, have announced huge new spending plans. TSMC and Lianhua Electronics both plan to invest $2 billion or more this year to build new semiconductor production lines.

According to the statistics of GDP Review Committee of Taiwan Province Province, among the 3.24% GDP growth of Taiwan Province Province in 2003, the contribution rate of local demand was only 0.05%, and the rest of the growth was driven by external demand.

It is estimated that the GDP of Taiwan Province Province will increase by 4.74% in 2004, of which the contribution of local demand accounts for about 80% of the expected growth, and the contribution of external demand is only 20%.

Taiwan Province Province (Director General of Budget Accounting &; Statistics) predicts that the economic growth rate of Taiwan Province Province will be 5. 16% in the first quarter, and the annual peak will be 5.2 1% in the second quarter. In the third quarter, the economic growth rate will slow down to 4.57%, and in the fourth quarter, it will reach the lowest growth rate in the whole year, which is 4.09%. The economic growth of Taiwan Province Province usually reaches the highest level in the whole year in the fourth quarter.

The General Accounting Office predicts that the growth rate of Taiwan Province's exports and imports will reach 10. 1% and 12.5% respectively this year, exceeding the previous forecasts of 7.3% and 8.9% respectively.

In addition, the municipal government of Taiwan Province Province raised its expectations for the consumer price index (CPI). It is estimated that the CPI will increase by 0. 1% in the first quarter, which will be the first time since the first quarter of 2006. In the first quarter of 200/kloc-0, the CPI increased by 0.6%. The accounting firm expects the annual CPI increase to be 0.48%. CPI dropped by 0.28% last year.

The accounting firm predicts that the wholesale price index may keep growing this year, with an expected increase of 1.56%, which is higher than the previously announced increase of 0.5 1%.

This year's uncertainties mainly include: the exchange rate of the US dollar, the possible appreciation of the RMB, and the possible outbreak of SARS and bird flu.

Taiwan Province officials said that the US trade and budget deficit may lead to the continued weakening of the US dollar and the appreciation of the RMB.

In addition, government officials warned that the employment situation in Taiwan Province Province is not as strong as it looks.

It is predicted that the unemployment rate in Taiwan Province Province will drop from 4.99% in 2003 to about 4.5% this year, but some uncertain factors will affect the improvement of the job market.

Many companies in traditional economic sectors are not active in recruiting employees. They are worried that the government may terminate a public service project, which will further increase the number of unemployed people.