The Gross Domestic Product (GDP) in Taiwan expanded 5.48 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Taiwan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

During the first quarter of 2025, the GDP in Taiwan increased by about *** percent compared to the same quarter of the previous year. GDP refers to the total market value of all goods and services that are produced within a country per quarter. It is an important indicator of the economic strength of a country.

In 2024, the annual growth rate of the real gross domestic product (GDP) in Taiwan amounted to approximately *** percent. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. GDP development in Taiwan The GDP of Taiwan displayed a comparatively stable development over the last decade with growth rates averaging *** percent between 2014 and 2024. This strong economic performance was mainly due to the successful development of high-tech industries, especially in the electronics sector, and the firm integration into global value chains. The industrial sector of Taiwan is still comparatively large and produces many intermediate products for the global market. Despite the island’s small size, Taiwan is among the leading exporters and has one of the highest trade surpluses in the world. GDP per capita reached around ****** U.S. dollars in 2023. Current economic development Taiwan was among few to be able to maintain strong economic growth during the global spread of the coronavirus pandemic in 2020 and 2021. At the end of 2022, the country was hit by the global economic downturn, and quarterly GDP growth dropped to **** percent in the first quarter of 2023. However, the economy rebounded quickly and returned to positive growth in the second quarter.

In the second quarter of 2024, the total importing and exporting trade accounted for about ****** percent of Taiwan's nominal GDP in that quarter. This indicated a slight increase compared to the previous year.