Taiwan outperforms other Asian tigers to notch 2.7% growth in 2019

Island benefits from trade war as companies move production home

Taiwan's economy has received a boost from the trade war between Washington and Beijing as companies shift some production back to the island. © Reuters

CHENG TING-FANG and LAULY LI, Nikkei staff writers

January 21, 2020 17:26 JST

TAIPEI -- Taiwan's economy grew 2.73% in 2019 from the previous year, outperforming regional peers as the island reaped investments in the fallout of the U.S.-China trade war.

The expansion of Taiwan's gross domestic product roughly matched the 2.75% seen the previous year, according to statistics agency data published Tuesday. The economy grew 3.38% in the final quarter of the year, faster than in the previous three-month period.