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, 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.

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.

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.

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.

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.

The gross domestic product (GDP) per capita in Taiwan stood at 33,440 U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by 31,070 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 7,800 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Key information about Taiwan Nominal GDP Growth

• Taiwan Nominal GDP Growth was reported at 5.631 % in Dec 2024.
• This records a decrease from the previous number of 6.712 % for Sep 2024.
• Taiwan Nominal GDP Growth data is updated quarterly, averaging 6.302 % from Mar 1983 to Dec 2024, with 168 observations.
• The data reached an all-time high of 19.561 % in Dec 1986 and a record low of -8.514 % in Dec 2008.
• Taiwan Nominal GDP Growth 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: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Nominal GDP in local currency.

During the second 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.

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.

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.

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, 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 Market Capitalization: % of GDP

• Taiwan Market Capitalization accounted for 289.2 % of its Nominal GDP in Dec 2024, compared with a percentage of 240.9 % in the previous year
• Taiwan Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1962 to Dec 2024
• The data reached an all-time high of 289.2 % in Dec 2024 and a record low of 6.1 % in Dec 1968

CEIC calculates Market Capitalization as % of Nominal GDP from annual Market Capitalization and annual Nominal GDP. Market Capitalization is calculated as the sum of the Market Capitalizations of Common and Preferred Stocks. Taiwan Stock Exchange Corporation provides Market Capitalization in local currency. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Nominal GDP in local currency. Market Capitalization as % of Nominal GDP prior to 1981 is calculated from Nominal GDP with reference year 2016.


Further information about Taiwan Market Capitalization: % of GDP

• In the latest reports, All Listed Stocks recorded a monthly P/E ratio of 21.8 in Jan 2025
• Month End closed at 23,525.4 points in Jan 2025

Taiwan GDP: Per Capita data was reported at 1,091,374.000 NTD in 2024. This records an increase from the previous number of 1,010,890.000 NTD for 2023. Taiwan GDP: Per Capita data is updated yearly, averaging 176,378.000 NTD from Dec 1951 (Median) to 2024, with 74 observations. The data reached an all-time high of 1,091,374.000 NTD in 2024 and a record low of 1,589.000 NTD in 1951. Taiwan GDP: Per Capita data remains active status in CEIC and is reported by Directorate-General of Budget, Accounting and Statistics, Executive Yuan. The data is categorized under Global Database’s Taiwan – Table TW.AA003: SNA 08: Reference Year=2021: GDP: by Expenditure: Current Price (Annual).

According to preliminary figures, Taiwan's gross domestic product (GDP) grew by around *** percent in 2024. The manufacturing industry displayed a growth rate of approximately *** percent.

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.