The gross domestic product (GDP) per capita in Taiwan stood at 34,060 U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by 31,690 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 16,190 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).

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.

Monthly and long-term Taiwan GDP Per Capita data: historical series and analyst forecasts curated by FocusEconomics.

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.

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.

Pdb Per Kapita Taiwan dilaporkan sebesar 32,319.000 USD pada 2023. Rekor ini turun dibanding sebelumnya yaitu 32,625.000 USD untuk 2022. Data Pdb Per Kapita Taiwan diperbarui tahunan, dengan rata-rata 5,350.000 USD dari 1951 sampai 2023, dengan 73 observasi. Data ini mencapai angka tertinggi sebesar 32,944.000 USD pada 2021 dan rekor terendah sebesar 140.000 USD pada 1959. Data Pdb Per Kapita Taiwan tetap berstatus aktif di CEIC dan dilaporkan oleh Directorate-General of Budget, Accounting and Statistics, Executive Yuan. Data dikategorikan dalam Taiwan Global Database – Table TW.AA: SNA 08: Reference Year=2016: GDP: by Expenditure: Current Price (Annual).

Key information about Taiwan Household Income per Capita

• Taiwan Annual Household Income per Capita reached 16,579.939 USD in Dec 2024, compared with the previous value of 16,605.530 USD in Dec 2023.
• Taiwan Annual Household Income per Capita data is updated yearly, available from Dec 1984 to Dec 2024, with an averaged value of -3.120 USD.
• The data reached an all-time high of 3,137.827 USD in Jun 2007 and a record low of -5,234.685 USD in Sep 2017.
• In the latest reports, Retail Sales of Taiwan grew 1.534 % YoY in Oct 2025.

CEIC calculates Annual Household Income per Capita from annual Average Household Income and Average Household Size and converts it into USD. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Average Household Income in local currency and Average Household Size. Federal Reserve Board average market exchange rate is used for currency conversions.

Taiwan GDP: 2021p: DD: GCF: Gross Fixed Capital Formation data was reported at 1,637,528.000 NTD mn in Dec 2024. This records an increase from the previous number of 1,445,405.000 NTD mn for Sep 2024. Taiwan GDP: 2021p: DD: GCF: Gross Fixed Capital Formation data is updated quarterly, averaging 816,163.500 NTD mn from Mar 1981 (Median) to Dec 2024, with 176 observations. The data reached an all-time high of 1,659,385.000 NTD mn in Dec 2022 and a record low of 175,283.000 NTD mn in Mar 1983. Taiwan GDP: 2021p: DD: GCF: Gross Fixed Capital Formation 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.AA008: SNA 08: Reference Year=2021: GDP: by Expenditure: Chain Linked.

GDP: 2021p: GFCF: ME: MC: Public Sector: General Government data was reported at 65,420.000 NTD mn in 2024. This records an increase from the previous number of 57,819.000 NTD mn for 2023. GDP: 2021p: GFCF: ME: MC: Public Sector: General Government data is updated yearly, averaging 49,088.000 NTD mn from Dec 1981 (Median) to 2024, with 44 observations. The data reached an all-time high of 77,546.000 NTD mn in 1999 and a record low of 10,472.000 NTD mn in 1983. GDP: 2021p: GFCF: ME: MC: Public Sector: General Government 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.AA: SNA 08: Reference Year=2021: Gross Fixed Capital Formation: Chain Linked (Annual).

Taiwan GDP: 2021p: GFCF: ME: Public Sector: General Government data was reported at 28,296.000 NTD mn in Dec 2024. This records an increase from the previous number of 14,379.000 NTD mn for Sep 2024. Taiwan GDP: 2021p: GFCF: ME: Public Sector: General Government data is updated quarterly, averaging 10,982.500 NTD mn from Mar 1981 (Median) to Dec 2024, with 176 observations. The data reached an all-time high of 28,296.000 NTD mn in Dec 2024 and a record low of 2,177.000 NTD mn in Sep 1982. Taiwan GDP: 2021p: GFCF: ME: Public Sector: General Government 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.AA027: SNA 08: Reference Year=2021: Gross Fixed Capital Formation: Chain Linked.

Taiwan GDP: 2021p: GFCF: Construction data was reported at 563,804.000 NTD mn in Dec 2024. This records an increase from the previous number of 537,717.000 NTD mn for Sep 2024. Taiwan GDP: 2021p: GFCF: Construction data is updated quarterly, averaging 396,818.500 NTD mn from Mar 1981 (Median) to Dec 2024, with 176 observations. The data reached an all-time high of 590,165.000 NTD mn in Mar 2022 and a record low of 117,932.000 NTD mn in Mar 1983. Taiwan GDP: 2021p: GFCF: Construction 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.AA027: SNA 08: Reference Year=2021: Gross Fixed Capital Formation: Chain Linked.

This statistic shows the net expenditure for public health by government in Taiwan from financial year 2014 to 2024. In 2024, the government of Taiwan spent approximately ****** billion New Taiwan dollars on public health.

Taiwan GDP: GFCF: Construction: Public Sector data was reported at 217,606.000 NTD mn in Dec 2024. This records an increase from the previous number of 155,825.000 NTD mn for Sep 2024. Taiwan GDP: GFCF: Construction: Public Sector data is updated quarterly, averaging 76,405.500 NTD mn from Mar 1966 (Median) to Dec 2024, with 236 observations. The data reached an all-time high of 217,606.000 NTD mn in Dec 2024 and a record low of 623.000 NTD mn in Mar 1966. Taiwan GDP: GFCF: Construction: Public Sector 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.AA025: SNA 08: Reference Year=2021: Gross Fixed Capital Formation: Current Price.

Taiwan GDP: 2021p: GFCF: Financial and Insurance Activities data was reported at 236,525.000 NTD mn in 2024. This records an increase from the previous number of 236,086.000 NTD mn for 2023. Taiwan GDP: 2021p: GFCF: Financial and Insurance Activities data is updated yearly, averaging 104,301.000 NTD mn from Dec 1981 (Median) to 2024, with 44 observations. The data reached an all-time high of 236,525.000 NTD mn in 2024 and a record low of 10,025.000 NTD mn in 1981. Taiwan GDP: 2021p: GFCF: Financial and Insurance Activities 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.AA: SNA 08: Reference Year=2021: Gross Fixed Capital Formation: Chain Linked (Annual).

Taiwan GDP: 2021p: GFCF: Real Estate Activities and Ownership of Dwellings data was reported at 727,117.000 NTD mn in 2024. This records an increase from the previous number of 722,531.000 NTD mn for 2023. Taiwan GDP: 2021p: GFCF: Real Estate Activities and Ownership of Dwellings data is updated yearly, averaging 331,717.000 NTD mn from Dec 1981 (Median) to 2024, with 44 observations. The data reached an all-time high of 794,378.000 NTD mn in 2022 and a record low of 175,736.000 NTD mn in 1981. Taiwan GDP: 2021p: GFCF: Real Estate Activities and Ownership of Dwellings 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.AA: SNA 08: Reference Year=2021: Gross Fixed Capital Formation: Chain Linked (Annual).

Taiwan GDP: 2021p: GFCF: TE: Private Enterprises data was reported at 61,803.000 NTD mn in Dec 2024. This records a decrease from the previous number of 62,019.000 NTD mn for Sep 2024. Taiwan GDP: 2021p: GFCF: TE: Private Enterprises data is updated quarterly, averaging 38,473.500 NTD mn from Mar 1981 (Median) to Dec 2024, with 176 observations. The data reached an all-time high of 73,749.000 NTD mn in Jun 2023 and a record low of 6,171.000 NTD mn in Sep 1981. Taiwan GDP: 2021p: GFCF: TE: Private Enterprises 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.AA027: SNA 08: Reference Year=2021: Gross Fixed Capital Formation: Chain Linked.

Taiwan GDP: 2021p: GFCF: CS: Public Sector: General Government data was reported at 470,903.000 NTD mn in 2024. This records an increase from the previous number of 418,200.000 NTD mn for 2023. Taiwan GDP: 2021p: GFCF: CS: Public Sector: General Government data is updated yearly, averaging 442,147.500 NTD mn from Dec 1981 (Median) to 2024, with 44 observations. The data reached an all-time high of 840,880.000 NTD mn in 1995 and a record low of 182,748.000 NTD mn in 1981. Taiwan GDP: 2021p: GFCF: CS: Public Sector: General Government 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.AA028: SNA 08: Reference Year=2021: Gross Fixed Capital Formation: Chain Linked (Annual).

Taiwan GDP: 2021p: GFCF: IP: Public Sector: Public Enterprises data was reported at 7,245.000 NTD mn in Dec 2024. This records an increase from the previous number of 5,133.000 NTD mn for Sep 2024. Taiwan GDP: 2021p: GFCF: IP: Public Sector: Public Enterprises data is updated quarterly, averaging 4,199.500 NTD mn from Mar 1981 (Median) to Dec 2024, with 176 observations. The data reached an all-time high of 7,245.000 NTD mn in Dec 2024 and a record low of 1,823.000 NTD mn in Mar 1981. Taiwan GDP: 2021p: GFCF: IP: Public Sector: Public Enterprises 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.AA027: SNA 08: Reference Year=2021: Gross Fixed Capital Formation: Chain Linked.

Taiwan GDP: 2021p: GFCF: Wholesale and Retail Trade data was reported at 253,799.000 NTD mn in 2024. This records an increase from the previous number of 242,857.000 NTD mn for 2023. Taiwan GDP: 2021p: GFCF: Wholesale and Retail Trade data is updated yearly, averaging 149,909.000 NTD mn from Dec 1981 (Median) to 2024, with 44 observations. The data reached an all-time high of 253,799.000 NTD mn in 2024 and a record low of 34,871.000 NTD mn in 1981. Taiwan GDP: 2021p: GFCF: Wholesale and Retail Trade 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.AA: SNA 08: Reference Year=2021: Gross Fixed Capital Formation: Chain Linked (Annual).

Taiwan GDP: 2021p: GFCF: ME: Private Enterprises data was reported at 1,669,820.000 NTD mn in 2024. This records an increase from the previous number of 1,516,318.000 NTD mn for 2023. Taiwan GDP: 2021p: GFCF: ME: Private Enterprises data is updated yearly, averaging 736,294.500 NTD mn from Dec 1981 (Median) to 2024, with 44 observations. The data reached an all-time high of 2,048,123.000 NTD mn in 2022 and a record low of 79,606.000 NTD mn in 1982. Taiwan GDP: 2021p: GFCF: ME: Private Enterprises 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.AA028: SNA 08: Reference Year=2021: Gross Fixed Capital Formation: Chain Linked (Annual).