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.

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, 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.

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.

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 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 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.

In the first quarter of 2025, 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.

Key information about Taiwan Total Trade of Goods and Services: % of Nominal GDP

• Taiwan Total Trade of Goods & Services: % of Nominal GDP recorded 112.871 % in Dec 2024, compared with 118.809 % in the previous quarter.
• Taiwan Total Trade of Goods & Services: % of Nominal GDP data is updated quarterly, available from Mar 1961 to Dec 2024, with an averaged value of 95.692 %.
• The data reached an all-time high of 166.127 % in Sep 2008 and a record low of 28.568 % in Dec 1961.

CEIC calculates quarterly Total Trade of Goods and Services as % of Nominal GDP from quarterly Total Trade of Goods and Services and quarterly Nominal GDP. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Total Trade of Goods and Services in local currency and Nominal GDP in local currency. Total Trade of Goods and Services as % of Nominal GDP prior to Q1 1981 is calculated from Total Trade of Goods and Services with reference year 2016.

In the second quarter of 2024, the total importing and exporting trade accounted for about 118.59 percent of Taiwan's nominal GDP in that quarter. This indicated a slight increase compared to the previous year.

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.

Key information about Taiwan Private Debt: % of Nominal GDP

• Taiwan Private Debt accounted for 143.21 % of its Nominal GDP in Dec 2024, compared with a ratio of 143.64 % in the previous quarter
• Taiwan Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 1997 to Dec 2024, with an average share of 117.12 %
• The data reached an all-time high of 143.64 % in Sep 2024 and a record low of 95.23 % in Mar 2003

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. Private Debt is calculated as the sum of Loans to Private Enterprises and Individuals. The Central Bank of the Republic of China provides Private Debt in local currency. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Nominal GDP in local currency.

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

Key information about Taiwan Private Consumption: % of GDP

• Taiwan Private Consumption accounted for 45.8 % of its Nominal GDP in Dec 2024, compared with a ratio of 47.1 % in the previous quarter.
• Taiwan Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1961 to Dec 2024, with an average share of 53.5 %.
• The data reached an all-time high of 73.9 % in Mar 1962 and a record low of 43.6 % in Jun 1987.

CEIC calculates Private Consumption as % Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Private Consumption Expenditure in local currency and Nominal GDP in local currency. Private Consumption as % of Nominal GDP prior to Q1 1981 is calculated from Private Consumption Expenditure with reference year 2016.


Related information about Taiwan Private Consumption: % of GDP

• 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 Government Debt: % of GDP

• Taiwan Government debt accounted for 29.0 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 29.5 % in the previous year.
• Taiwan government debt to GDP ratio data is updated yearly, available from Dec 1996 to Dec 2023.
• The data reached an all-time high of 39.2 % in Dec 2012 and a record low of 23.7 % in Dec 1998.

CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and annual Nominal GDP. The Ministry of Finance provides Government Debt in local currency. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Nominal GDP in local currency. Government Debt covers Non Self-Redeeming Debt with Maturity of One Year and Above.


Related information about Taiwan Government Debt: % of GDP

• In the latest reports, Taiwan National Government Debt reached 223.8 USD bn in Dec 2023.
• The country's Nominal GDP reached 185.2 USD bn in Mar 2023.

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.

The gross domestic product (GDP) per capita in South Korea was forecast to continuously increase between 2024 and 2030 by in total 5,762.76 U.S. dollars (+15.95 percent). After the seventh consecutive increasing year, the GDP per capita is estimated to reach 41,891.75 U.S. dollars and therefore a new peak in 2030. 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 prices and then divided by the total population. The gross domestic products 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).Find more key insights for the gross domestic product (GDP) per capita in countries like Mongolia, Japan, and Taiwan.

GDP: USD: Seasonally Adjusted data was reported at 795.713 USD bn in 2024. This records an increase from the previous number of 757.292 USD bn for 2023. GDP: USD: Seasonally Adjusted data is updated yearly, averaging 380.358 USD bn from Dec 1987 (Median) to 2024, with 38 observations. The data reached an all-time high of 795.713 USD bn in 2024 and a record low of 105.278 USD bn in 1987. GDP: USD: Seasonally Adjusted data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Taiwan – Table TW.World Bank.GEM: Gross Domestic Products: Nominal: Annual.

Key information about Taiwan Public Consumption: % of GDP

• Taiwan Public Consumption accounted for 15.1 % of its Nominal GDP in Dec 2022, compared with a share of 13.1 % in the previous quarter.
• Taiwan Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1961 to Dec 2022, with an average number of 15.8 %.
• The data reached an all-time high of 21.8 % in Jun 1962 and a record low of 12.8 % in Jun 2021.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Taiwan Public Consumption: % of GDP

• In the latest reports, Taiwan GDP contracted 0.5 % YoY in Dec 2022.
• Taiwan Nominal GDP reached 182.4 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 1.5 % in Dec 2022.
• Taiwan GDP Per Capita 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.
• Private Consumption accounted for 47.1 % in Dec 2022.