Latest reading: Industrial output expanded 8.9% in year-on-year terms in July (June: +7.2% yoy), marking the fastest growth rate since...
Industrial Production in Taiwan
The Taiwanese economy recorded an average industrial production growth rate of 3.6% in the decade to 2024. In 2024, industrial production growth was 11.6%. For more industry information, visit our dedicated page.
Taiwan Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Taiwan from 2014 to 2024.
Source: Macrobond.
Taiwan Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 8.8 | 14.7 | -1.7 | -12.5 | 11.6 |
Industrial output continues to surge in July
Latest reading: Industrial output expanded 18.1% compared to the same month a year earlier in July, which was a deterioration from June's 18.3% increase but remained extremely high by historical standards. The double-digit annual increase was driven chiefly by booming manufacturing output as rising global AI demand and front-loading ahead of future U.S. tariffs boosted IT and electronics sales. On a monthly basis, industrial production dropped 1.4% in seasonally adjusted terms in July, a softer than June’s 4.2% fall. Meanwhile, the trend improved, with the annual average growth of industrial production coming in at 15.1% in July, up from June's 14.7%.
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 industry projections for the next ten years from a panel of 7 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 industry forecast available for Taiwanese industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Taiwanese industry projections.
Want to get access to the full dataset of Taiwanese industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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South Africa: Manufacturing production flatlines in June Latest reading: Manufacturing output flatlined month on month in seasonally adjusted terms in June, which followed May’s 2.2% increase. Looking... -
Cyprus: Industrial output drops at sharpest rate since November 2024 in June Latest reading: Industrial output fell 0.9% year on year in calendar-adjusted terms in June, which contrasted May’s 0.4% increase. June’s... -
Greece: Industrial output grows at fastest pace in over one year in June Latest reading: Industrial output increased 3.2% in month-on-month seasonally adjusted terms in June, which contrasted May’s 0.1% decrease. June’s print... -
Ireland: Industrial output plummets in June Latest reading: Industrial production fell 11.3% month on month in seasonally adjusted terms in June (May: +11.9% mom s.a.). June’s...