The Gross Domestic Product (GDP) in Taiwan was worth 756.59 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Taiwan represents 0.72 percent of the world economy. This dataset provides - Taiwan GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, Taiwan’s gross domestic product amounted to around 782.44 billion U.S. dollars. Gross domestic product (GDP) denotes the aggregate value of all services and goods produced within a country in any given year. Taiwan’s GDP is projected to reach 960.13 billion U.S. dollars by 2030. Taiwan has the largest economy of any nation not a member of the United Nations (UN). Analyzing Taiwan’s economy Taiwan’s services sector generates the highest share of its GDP, at around 62 percent, though its industry sector also contributes about 35 percent to overall GDP in Taiwan. During the last decade, Taiwan has consistently held a trade surplus, and is known for its exports of electronics, machinery, and petrochemicals. Taiwan’s population Taiwan is a densely populated state, with a total population of about 23 million people, most of whom are between the ages of 15-64 years. Many members of the population are working; the unemployment rate was at only 3.8 percent in 2017. As one of the world’s technology hardware centers, Taiwan’s work force is comprised of high-skilled workers capable of navigating new technologies, such as artificial intelligence and blockchain.

The Gross Domestic Product (GDP) in Taiwan expanded 8.21 percent in the third 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.

In 2024, the gross domestic product (GDP) of Taiwan amounted to around **** trillion New Taiwan dollars or ***** billion U.S. dollars (at current prices). Annual GDP growth increased to *** percent in 2024 and was forecasted to reach *** percent in 2025. Quarterly GDP growth reached *** percent in the fourth quarter of 2024. Taiwan’s economic development Gross domestic product (GDP) measures the value of all goods and services produced in an economy over a certain time, normally a year. It is a primary indicator of economic strength. Although Taiwan is a comparatively small island, it has a highly developed economy with a high per capita GDP in comparison to other economies in Asia-Pacific.Taiwan is highly integrated in international value chains and is well known for its computer and chip industries. Over the last decade, Taiwan experienced stable economic growth averaging more than three percent, and had comparatively low inflation and unemployment rates. Important economic sectors Taiwan maintains a significant industrial sector. Manufacturing alone contributes around one third to the total GDP, while wholesale and retail trade made up for around ** percent in 2023. This is due to a high export orientation of the economy, with electronic parts being the leading export products. The service sector has been stable at around ** percent of the GDP over the last decade.

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.

The latest data from show economic growth of 7.64 percent, which is a decrease from the rate of growth of 8.01 percent in the previous quarter and
an increase compared to the growth rate of 4.21 percent in the same quarter last year. The economic growth time series for Taiwan cover the period...

Full Year GDP Growth in Taiwan increased to 4.84 percent in 2024 from 1.12 percent in 2023. This dataset includes a chart with historical data for Taiwan Full Year Gdp Growth.

Taiwan: Economic growth forecast: The latest value from 2030 is 2.08 percent, a decline from 2.24 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Taiwan from 1980 to 2030 is 5.12 percent. The minimum value, -1.61 percent, was reached in 2009 while the maximum of 12.75 percent was recorded in 1987.

Key information about Taiwan Real GDP Growth

• The Gross Domestic Product (GDP) in Taiwan expanded 8.2 % YoY in Sep 2025, following a growth of 7.9 % in the previous quarter.
• Real GDP Growth YoY data in Taiwan is updated quarterly, available from Mar 1983 to Sep 2025, with an average rate of 11.1 %.
• The data reached an all-time high of 14.4 % in Jun 1987 and a record low of -8.0 % in Mar 2009.

CEIC calculates Real GDP Growth from quarterly Real GDP. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Real GDP in local currency, at chain linked 2021 prices.


Related information about Taiwan Real GDP Growth

• In the latest reports, Nominal GDP of Taiwan reached 237.8 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 1.5 % in Sep 2025.
• Its Gross Savings Rate was measured at 43.6 % in Sep 2025.
• For Nominal GDP contributions, Investment accounted for 24.0 % in Sep 2025.
• Public Consumption accounted for 11.9 % in Sep 2025.
• Private Consumption accounted for 43.8 % in Sep 2025.

In 2024, the industrial sector contributed approximately **** percent to the overall gross domestic product (GDP) of Taiwan. This share has been largely stable since 2014. Taiwan’s total GDP was estimated at around *** billion U.S. dollars in 2024. Taiwan’s GDP composition in comparison Like other East Asian countries such as South Korea and Japan, Taiwan maintains a strong industrial sector. This is due to a focus on high-tech production and a deep integration into global value chains, which enables the industrial sector to generate high economic growth rates. Taiwan is an important exporter of electronic products and the largest producer of advanced computer chips in the world. In contrast, many other developed economies such as the U.S. and EU member states have a significantly smaller manufacturing sector and put a stronger emphasis on services. Relevant economic sub-sectors Corresponding to Taiwan’s export-oriented economy, wholesale and retail trade is the most important service sub-sector of the economy. Finance and insurance accounted for less than seven percent of the total value added. A similar sector distribution is reflected in the sectoral employment structure. Both the distribution of value added, and the employment structure have been comparatively stable over the last decade.

The Gross Domestic Product (GDP) in Taiwan expanded 1.31 percent in the third quarter of 2025 over the previous quarter. This dataset provides - Taiwan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Economic growth, quarterly in Taiwan, September, 2025 The most recent value is 1.31 percent as of Q3 2025, a decline compared to the previous value of 3.05 percent. Historically, the average for Taiwan from Q2 1982 to Q3 2025 is 1.32 percent. The minimum of -4.48 percent was recorded in Q3 2008, while the maximum of 8.42 percent was reached in Q4 2009. | TheGlobalEconomy.com

Leading Economic Index Taiwan increased to 110.58 in October of 2025 over the same month in the previous year. This dataset provides - Taiwan Leading Composite Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Taiwan: Economic freedom, overall index (0-100): The latest value from 2025 is 80 index points, unchanged from 80 index points in 2024. In comparison, the world average is 60 index points, based on data from 174 countries. Historically, the average for Taiwan from 1995 to 2025 is 74 index points. The minimum value, 69 index points, was reached in 2007 while the maximum of 81 index points was recorded in 2023.

Historical dataset showing Taiwan economic growth by year from N/A to N/A.

In 2024, the growth of the real gross domestic product (GDP) in Taiwan was 4.84 percent. Between 1980 and 2024, the figure dropped by 3.2 percentage points, though the decline followed an uneven course rather than a steady trajectory. The growth is forecast to decline by 2.65 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

Key information about Taiwan Employed Persons

• Taiwan Employed Persons was reported at 11,633,000.000 Person in Oct 2025
• It recorded an increase from the previous number of 11,631,000.000 Person for Sep 2025
• Taiwan Employed Persons data is updated monthly, averaging 10,249,000.000 Person from Apr 1993 to Oct 2025, with 391 observations
• The data reached an all-time high of 11,633,000.000 Person in Oct 2025 and a record low of 8,693,000.000 Person in Jul 1993
• Taiwan Employed Persons data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Employed Persons: Monthly: Seasonally Adjusted

The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides monthly Employed Persons.

Key information about Taiwan Nominal GDP

• Taiwan Nominal GDP reached 237.8 USD bn in Sep 2025, compared with 224.6 USD bn in the previous quarter.
• Nominal GDP in Taiwan is updated quarterly, available from Dec 1983 to Sep 2025, with an average number of 86.6 USD bn.
• The data reached an all-time high of 237.8 USD bn in Sep 2025 and a record low of 14.5 USD bn in Dec 1983.

CEIC converts quarterly Nominal GDP into USD. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Related information about Taiwan Nominal GDP

• In the latest reports, Taiwan GDP expanded 8.2 % YoY in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 1.5 % in Sep 2025.
• Its Gross Savings Rate was measured at 43.6 % in Sep 2025.
• For Nominal GDP contributions, Investment accounted for 24.0 % in Sep 2025.
• Public Consumption accounted for 11.9 % in Sep 2025.
• Private Consumption accounted for 43.8 % in Sep 2025.

View yearly updates and historical trends for Taiwan Real GDP YoY Outlook. Source: International Monetary Fund. Track economic data with YCharts analytics.

Graph and download economic data for Real GDP at Constant National Prices for Taiwan Province of China (RGDPNATWA666NRUG) from 1951 to 2019 about Taiwan, real, GDP, and price.