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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
TaiwanTaiwan GDP Growth Rate YoY Adv fell to 5.09% in April 2024
FMPQuarterlyReleased July 2024
Taiwan GDP Growth Rate YoY Adv fell to 5.09% in April 2024, released July 2024, down 1.47% from March's 6.56% reading. The print exceeded the 4.8% consensus by 0.29%. The print is running well above the 12-month average of 3.16%. GDP Growth Rate YoY Adv is now the lowest in 6 months.
Latest Release
5.09
Actual
4.8
Consensus
6.56
Previous
Median Absolute Error
±0.64 percentage points
across last 12 releases
Last Call
Jul 2024
Predicted: 4.8
Actual: 5.09
Error: -0.29
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth Rate YoY Adv (Taiwan) was reported at 5.09% in July 2024. This beat the market consensus of 4.8% by 0.29%. The reading fell from the previous value of 6.56%. This is classified as a medium-impact indicator released on a quarterly basis.
WHY IT MATTERS
The trailing three releases averaged 5.57%, up from the prior three at 0.25%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 0.64%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update July 2024.
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GDP Growth Rate YoY Adv - TW
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About GDP Growth Rate YoY Adv — Taiwan
DEFINITION
The GDP Growth Rate YoY Adv is a key financial indicator that measures the annual percentage change in a country's gross domestic product (GDP). It provides valuable insights into the overall health and performance of an economy, as a higher growth rate indicates a stronger and more robust economy. This indicator is closely monitored by investors, policymakers, and businesses as it can impact investment decisions, government policies, and consumer confidence. A positive GDP Growth Rate YoY Adv is generally seen as a sign of economic growth and stability, while a negative growth rate may signal a potential economic downturn.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2024): actual 5.09 %, consensus 4.8 %. Prior reading (Jan 2024): 6.51 %. Before that (Oct 2023): 5.12 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.