Gross domestic product (GDP) in Taiwan 2024

In 2018, Taiwan’s gross domestic product amounted to around 589.91 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 746 billion U.S. dollars by 2024. 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.

Taiwan: Gross domestic product (GDP) in current prices from 1984 to 2024

Gross domestic product in billion U.S. dollars
2024*746.02
2023*707.26
2022*670.15
2021*635.05
2020*603.03
2019*586.1
2018589.91
2017574.9
2016531.36
2015525.6
2014530.52
2013511.6
2012 495.92
2011 485.67
2010 446.14
2009 392.11
2008 417.04
2007 408.22
2006 388.55
2005 375.79
2004 348.52
2003 318.6
2002 308.88
2001 300.42
2000 331.41
1999 304.17
1998 280.41
1997 303.71
1996 292.69
1995 279.27
1994 256.44
1993 235.17
1992 223.12
1991 187.35
1990 166.85
1989 152.73
1988 126.46
1987 105.04
1986 78.23
1985 63.64
1984 61.09
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Source

Release date

October 2019

Region

Taiwan

Survey time period

1984 to 2018

Supplementary notes

* Estimate.

Figures have been rounded for better understanding of the statistic.

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Statistics on "Taiwan"

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