South Korea vs Taiwan: Gross domestic product (GDP), annual growth rate
South Korea
1.5 % change on previous year
in 2023
Taiwan
1.46 % change on previous year
in 2023
South Korea rank
111th
Taiwan rank
112th
Gross domestic product (GDP), annual growth rate over time
- South Korea
- Taiwan
How they compare
South Korea currently reports 1.5 % change on previous year against 1.46 % change on previous year in Taiwan, a difference of 0.04 % change on previous year.
The two have swapped places 21 times across 70 shared years of data; in 1954 it was Taiwan ahead.
South Korea ranks 111th and Taiwan ranks 112th of 184 countries.
Across the 8 decades both report, South Korea averaged higher in 5 and Taiwan in 3.
Head to head by decade
| Decade | South Korea | Taiwan | Difference | Ahead |
|---|---|---|---|---|
| 1950s | 4.75 % change on previous year | 8.28 % change on previous year | 3.53 % change on previous year | Taiwan |
| 1960s | 7.93 % change on previous year | 10.2 % change on previous year | 2.26 % change on previous year | Taiwan |
| 1970s | 12.86 % change on previous year | 11.04 % change on previous year | 1.82 % change on previous year | South Korea |
| 1980s | 9.53 % change on previous year | 8.05 % change on previous year | 1.47 % change on previous year | South Korea |
| 1990s | 7.88 % change on previous year | 6.04 % change on previous year | 1.84 % change on previous year | South Korea |
| 2000s | 4.48 % change on previous year | 1.76 % change on previous year | 2.72 % change on previous year | South Korea |
| 2010s | 3.27 % change on previous year | 2.52 % change on previous year | 0.7501 % change on previous year | South Korea |
| 2020s | 2.51 % change on previous year | 3.44 % change on previous year | 0.9284 % change on previous year | Taiwan |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic product (gdp), annual growth rate, South Korea or Taiwan?
- South Korea, at 1.5 % change on previous year against 1.46 % change on previous year in Taiwan as of 2023.
- What is the difference in gross domestic product (gdp), annual growth rate between South Korea and Taiwan?
- 0.04 % change on previous year, with South Korea ahead.
- How many years of comparable data are there for South Korea and Taiwan?
- 70 years are reported by both, from 1954 to 2023.
- How do South Korea and Taiwan rank globally for gross domestic product (gdp), annual growth rate?
- South Korea ranks 111th and Taiwan ranks 112th of 184 countries.
- Where does this data come from?
- Statizoid (derived), published as Gross domestic product (GDP), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.