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Data Category: National Accounts Statistics
Data Release Agencies: Directorate-General of Budget, Accounting and Statistics, Executive Yuan
Data Item:Advance GDP Estimates

1.Data Compiling and Release Agencies:

   *Release Agency:Department of Statistics, Directorate General of Budget, Accounting & Statistics (DGBAS)
   *Data Compiling Agency:National Accounts Section, Department of Statistics, Directorate General of Budget, Accounting & Statistics (DGBAS)
   *Tel No.:886-2-2380-3472
   *Fax No.:886-2-2380-3486
   *Email:monica@dgbas.gov.tw

2.Release Form

 (1)Oral:
     *Press Conference or Briefing:YesNone

 (2)Written:

     *Press Release:YesNone

     *Statistic Tables:None.

     *BooksNone.

 (3)Online

     *Online Press Releases, Table, Book or Database, URL1:https://eng.stat.gov.tw/lp.asp?ctNode=2008&CtUnit=1016&BaseDSD=7&mp=5

     *Online Press Releases, Table, Book or Database, URL2:None.

     *Online Press Releases, Table, Book or Database, URL3:None.

     *Online Press Releases, Table, Book or Database, URL4:None.

     *Floppy Disk:YesNone
     *Disc:YesNone
     *Other:None.

3.the Data Scope, Periodicity and Timeliness

     *Coverage and Object:
The geographic coverage of the data is the whole nationwide territory. The GDP is estimated by currency value generated from the economic activities of production, consumption, investments, as well as exports and imports.

     *Statistical Standard Time:
The statistical standard time for current prices data is based on each quarter or year, for chained dollar data is based on year 2016 as the reference year. The statistical standard time for annual data is from Jan 1st to Dec 31st, for quarterly data is from the first day to the last day of that quarter.

     *Definition of Statistical Items:
1. GDP¡GDomestic Production represents the value of all goods and services produced by institutional units (households, enterprises, non-profit units, etc.) within a country (or an economic territory), regardless of these institutions being operated by nationals or foreigners.
2. Economic Growth Rate¡GThe economic growth rate is calculated based on chained dollar with the reference year of 2016.

     *Statistical Unit:
1.Price(current prices/chained dollars)¡G$NT million dollars
2.Increase/growth rate or percentage¡G%
3.Reference year¡G2016

     *Statistical Classification:
Advance estimates include economic growth rate for the whole country and expenditure categories of GDP, including private final consumption, government final consumption, gross capital formation, and exports and imports of goods and services.

     *Release Periodicity(the frequency of data compilation or producing, such as month, quarter, year, etc.):Quarterly.

     *Timeliness (the interval between the end of statistical standard time and data release time):
Approximately one month after the end of the reference quarter.

     *Major Change:
1.Since 1953, DGBAS has compiled the data of national income of Taiwan (R.O.C) annually based on the System of National Accounts (SNA, same as below) 1953 published by the United Nations.
2. DGBAS has released quarterly preliminary estimates of national production and income approximately seven to eight weeks after the end of the reference quarter since 1970.
3. Comprehensive revisions of all data were made since 1988 according to 1968SNA.
4. The terms of economic growth rate of GNP was revised to GDP according to the resolution of the 147th National Accounts Statistics Evaluation Committee on Nov. 23rd, 1994.
5. Comprehensive revisions of all data were made since 2005 according to 1993SNA.
6. Since 2011, DGBAS has released advance estimates approximately one month after the end of the reference quarter.
7. Historical data was revised in 2009 and 2014 according to 2008SNA. Since 2014, the real GDP and economic growth rate have been calculated based on chain-linked approach. Furthermore, the term Gross National Product (GNP) has been revised to Gross National Income (GNI) for international comparison.
8. The estimates of balance of payments were revised according to the 6th edition of Balance of Payments and International Investment Position Manual (BPM6) published by International Monetary Fund in 2019.

4.Release Information

     *Announce Release Date in Advance:
The release information will be announced on the DGBAS release schedule two weeks prior to the release.

     *Simultaneously Send Unit:
DGBAS website(https://www.dgbas.gov.tw) and National Statistics, R.O.C (Taiwan)(https://eng.stat.gov.tw/).

5.Data Quality

     *Statistical Methodology and Source Data:
Advanced estimate is measured based on the source data that are incomplete and subject to revision, supported by statistical methods.

     *the Mechanism to Ensure the Reliability and Accuracy:
GDP is estimated in accordance with SNA and relevant data is collected both from the supply side and demand side to ensure data accuracy and reliability.

6.Remarks and Advance Notice of Related Changes:

1. National income statistics is compiled according to 2008SNA.
2. Since 2014, the real GDP and economic growth rate have been calculated based on chain-linked approach.

7.Other Announcements

     *Notes:None.

     *Regulatory StatusYes No
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