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 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.

The Gross Domestic Product (GDP) in Taiwan expanded 8.01 percent in the second 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 growth of the real gross domestic product (GDP) in Taiwan stood at approximately 4.30 percent. Between 1980 and 2024, the figure dropped by around 3.74 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the growth will steadily decline by about 2.22 percentage points from 2024 to 2030.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.

The Gross Domestic Product (GDP) in Taiwan expanded 6.64 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - Taiwan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Taiwan GDP Per Capita

• Taiwan Gross Domestic Product (GDP) per Capita reached 32,756.000 USD in Dec 2022, compared with 33,059.000 USD in Dec 2021.
• Taiwan GDP Per Capita data is updated yearly, available from Dec 1951 to Dec 2022, with an average number of 4,693.000 USD.
• The data reached an all-time high of 33,059.000 USD in Dec 2021 and a record low of 140.000 in Dec 1959.

Related information about Taiwan GDP Per Capita data

• In the latest reports, Taiwan GDP contracted 2.500 % YoY in Mar 2023.
• Taiwan Nominal GDP reached 185.233 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 0.460 % in Mar 2023.
• Gross Savings Rate of Taiwan was measured at 36.490 % in Mar 2023.

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.

GDP, billion currency units in Taiwan, June, 2025 The most recent value is 6856.23 billion Taiwanese New Dollar as of Q2 2025, an increase compared to the previous value of 6640.7 billion Taiwanese New Dollar. Historically, the average for Taiwan from Q1 1961 to Q2 2025 is 1994.15 billion Taiwanese New Dollar. The minimum of 16.21 billion Taiwanese New Dollar was recorded in Q3 1961, while the maximum of 6856.23 billion Taiwanese New Dollar was reached in Q2 2025. | TheGlobalEconomy.com

Key information about Taiwan Real GDP Growth

• The Gross Domestic Product (GDP) in Taiwan contracted 0.5 % YoY in Dec 2022, following a growth of 3.7 % in the previous quarter.
• Real GDP Growth YoY data in Taiwan is updated quarterly, available from Mar 1983 to Dec 2022, with an average rate of 5.9 %.
• 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 2016 prices.


Related information about Taiwan Real GDP Growth

• In the latest reports, Nominal GDP of Taiwan reached 182.4 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 1.5 % in Dec 2022.
• GDP Per Capita in Taiwan reached 32,811.0 USD in Dec 2022.
• Its Gross Savings Rate was measured at 37.6 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 26.2 % in Dec 2022.
• Public Consumption accounted for 15.1 % in Dec 2022.
• Private Consumption accounted for 47.1 % in Dec 2022.

Key information about Taiwan Nominal GDP

• Taiwan Nominal GDP reached 185.2 USD bn in Mar 2023, compared with 180.5 USD bn in the previous quarter.
• Nominal GDP in Taiwan is updated quarterly, available from Dec 1983 to Mar 2023, with an average number of 83.6 USD bn.
• The data reached an all-time high of 206.1 USD bn in Mar 2022 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 contracted 2.5 % YoY in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 0.5 % in Mar 2023.
• Taiwan GDP Per Capita reached 32,756.0 USD in Dec 2022.
• Its Gross Savings Rate was measured at 36.5 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 27.7 % in Mar 2023.
• Public Consumption accounted for 14.4 % in Mar 2023.
• Private Consumption accounted for 50.3 % in Mar 2023.

GDP from Agriculture in Taiwan increased to 93411 TWD Million in the second quarter of 2025 from 65602 TWD Million in the first quarter of 2025. This dataset provides - Taiwan Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Taiwan TW: Gross Domestic Product (GDP): Current PPP data was reported at 1,697.994 USD bn in 2023. This records an increase from the previous number of 1,615.719 USD bn for 2022. Taiwan TW: Gross Domestic Product (GDP): Current PPP data is updated yearly, averaging 516.364 USD bn from Dec 1981 (Median) to 2023, with 43 observations. The data reached an all-time high of 1,697.994 USD bn in 2023 and a record low of 72.183 USD bn in 1981. Taiwan TW: Gross Domestic Product (GDP): Current PPP data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Taiwan – Table TW.OECD.MSTI: Gross Domestic Product, GDP PPP and GDP Deflator: Non OECD Member: Annual.

In Chinese Taipei, since 2003, the business sector includes R&D data of private enterprises in the sectors of electricity, gas and water supply; construction; and services, which were not surveyed before. Postgraduate students engaged in R&D were not included in the higher education sector until 2002.

Defence GBARD is included from 2001.

GDP from Manufacturing in Taiwan increased to 2341777 TWD Million in the second quarter of 2025 from 1993148 TWD Million in the first quarter of 2025. This dataset provides - Taiwan Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Services in Taiwan increased to 3595067 TWD Million in the second quarter of 2025 from 3572909 TWD Million in the first quarter of 2025. This dataset provides - Taiwan Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Taiwan GDP Deflator Growth

• Taiwan GDP deflator (implicit price deflator) increased 0.5 % in Mar 2023, compared with an increase of 1.2 % in the previous quarter.
• Taiwan GDP Deflator Growth data is updated quarterly, available from Mar 1962 to Mar 2023, with an average rate of 1.8 %.
• The data reached an all-time high of 40.9 % in Jun 1974 and a record low of -4.8 % in Sep 2008.

CEIC calculates GDP Deflator Growth from quarterly GDP Deflator. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides GDP Deflator at chain linked 2016 prices.


Related information about Taiwan GDP Deflator Growth

• In the latest reports, Taiwan GDP contracted 2.5 % YoY in Mar 2023.
• Its Nominal GDP reached 185.2 USD bn in Mar 2023.
• Taiwan GDP Per Capita reached 32,756.0 USD in Dec 2022.
• Its Gross Savings Rate was measured at 36.5 % in Mar 2023.

Key information about Taiwan Investment: % of GDP

• Taiwan Investment accounted for 26.8 % of its Nominal GDP in Dec 2024, compared with a ratio of 25.9 % in the previous quarter.
• Taiwan investment share of Nominal GDP data is updated quarterly, available from Mar 1961 to Dec 2024, with an average ratio of 24.9 %.
• The data reached an all-time high of 48.9 % in Jun 1974 and a record low of 7.4 % in Sep 1963.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation and Changes in Inventories. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Gross Capital Formation in local currency and Nominal GDP in local currency. Investment as % of Nominal GDP prior to Q1 1981 is calculated from Gross Capital Formation with reference year 2016.


Related information about Taiwan Investment: % of GDP

• In the latest reports, Taiwan GDP contracted 2.5 % YoY in Mar 2023.
• Taiwan Nominal GDP reached 185.2 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 0.5 % in Mar 2023.
• Taiwan GDP Per Capita reached 32,756.0 USD in Dec 2022.
• Its Gross Savings Rate was measured at 36.5 % in Mar 2023.

GDP Deflator in Taiwan decreased to 109.66 points in the second quarter of 2025 from 111.68 points in the first quarter of 2025. This dataset provides - Taiwan GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

GDP from Public Administration in Taiwan decreased to 305834 TWD Million in the second quarter of 2025 from 311272 TWD Million in the first quarter of 2025. This dataset provides - Taiwan Gdp From Public Administration- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The latest data from show economic growth of 7.96 percent, which is an increase from the rate of growth of 5.48 percent in the previous quarter and
an increase compared to the growth rate of 4.89 percent in the same quarter last year. The economic growth time series for Taiwan cover the period...