TAIPEI (Taiwan News) — The Directorate General of Budget, Accounting, and Statistics on Friday revised Taiwan’s GDP growth this year to 7.37%, marking a 15-year high.

The agency said the new estimate is a major jump from its earlier 4.45% projection, per The Storm. The growth was driven by surging AI-related demand that continues to lift exports and investment.

The revision follows a stronger-than-expected Q3. Preliminary data shows Q3 GDP rising 8.21%, higher than last month’s 7.64% estimate and well above analysts’ forecasts of 5–6% full-year growth, per Reuters.

The agency said rapid AI adoption has pushed cloud service providers to accelerate infrastructure spending, boosting electronics shipments. A US delay in semiconductor tariffs and a rebound in consumer devices have added momentum, though traditional goods still face global oversupply.

Exports remain strong heading into year-end. Q4 merchandise shipments are projected to reach NT$5.41 trillion (US$172.3 billion), up 36.84% from a year earlier, while real exports of goods and services are expected to grow 34.84% after adjusting for inflation.

Imports are rising as well. Q4 imports are forecast at NT$4.11 trillion, up 24.91% year-on-year, with real imports projected to grow 29.25%. For the full year, exports and imports are expected to increase 31.14% and 28.47% respectively.

The agency said risks persist into next year. Global trade is expected to slow but strong AI demand and government-backed sovereign AI initiatives should continue to support Taiwan’s supply chain. Exports and imports are projected to rise 6.32% and 3.29% next year despite a high base.

Cash payouts and tax incentives are lifting spending, while semiconductor expansion and airline fleet upgrades are supporting investment. Private consumption is expected to grow 2.43% next year and total fixed investment is forecast to rise 2.17%.