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Taiwan is more likely to publish the very best GDP per capita in East Asia, beating South Korea and Japan this 12 months, South Korean month-to-month journal BusinessKorea stated in a report yesterday, citing the most recent IMF estimate.
Taiwan’s GDP per capita is predicted to extend to US$35,510 this 12 months from US$33,140 final 12 months, the report stated.
That may put the nation’s GDP per capita above South Korea’s anticipated US$33,590 for the primary time since 2003 and above Japan’s US$34,360 for the primary time ever, it stated.
Picture: I-Hwa Cheng, Bloomberg
South Korea’s GDP per capita is estimated to fall 4 p.c this 12 months, whereas that of Japan is to drop 12.6 p.c from final 12 months, the report stated.
The report attributed Taiwan’s speedy GDP progress to the federal government’s intensive assist of the native semiconductor business.
It stated Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) gross sales within the third quarter have been estimated to have exceeded Samsung Electronics Co’s for the primary time, citing business sources.
TSMC, the world’s largest contract chipmaker, on Friday reported a document quarterly income of NT$613.14 billion (US$19.23 billion) for the third quarter, up 14.79 p.c from the earlier quarter and a rise of 47.85 p.c from a 12 months earlier.
Market researcher IC Insights final month estimated that Samsung’s income would have dropped by 19 p.c to US$18.29 billion as a consequence of a hunch within the memorychip business.
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