GDP reading: GDP growth moderated to 2.5% in seasonally adjusted annualized rate terms (SAAR) in the final quarter of 2024...
Economic Growth in Taiwan
Taiwan's economy recorded an average growth rate of 3.2% in the decade to 2022, below the 4.4% average for Asia-Pacific. In 2022, real GDP growth was 2.4%. For more GDP information, visit our dedicated page.
Taiwan GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Taiwan from 2024 to 2023.
Source: Macrobond.
Taiwan GDP Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 3.4 | 6.7 | 2.7 | 1.1 | 4.6 |
| GDP (USD bn) | 680 | 779 | 765 | 757 | 796 |
| GDP (TWD bn) | 20,024 | 21,773 | 22,820 | 23,597 | 25,550 |
| Economic Growth (Nominal GDP, ann. var. %) | 5.5 | 8.7 | 4.8 | 3.4 | 8.3 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Taiwanese GDP projections for the next ten years from a panel of 26 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Taiwanese GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Taiwanese GDP projections.
Want to get access to the full dataset of Taiwanese GDP forecasts? Send an email to info@focus-economics.com.
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