Gross domestic product (GDP) in Taiwan
Taiwan: Gross domestic product (GDP) was 1.45 trillion international-$ in 2021 prices in 2023. ◆ Volatile
Gross domestic product (GDP) in Taiwan, 1951–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Taiwan recorded 1.45 trillion international-$ in 2021 prices for gross domestic product (gdp) in 2023. That is the highest value across all 73 years on record.
Compared with earlier readings it is up 1.5% on the previous year and up 27.6% over ten years.
Over the whole period, gross domestic product (gdp) in Taiwan peaked at 1.45 trillion international-$ in 2021 prices in 2023 and was at its lowest, 14.14 billion international-$ in 2021 prices, in 1951.
Taiwan ranks 22nd of 184 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 21.42 billion international-$ in 2021 prices | 14.14 billion international-$ in 2021 prices | 29.04 billion international-$ in 2021 prices | 9 |
| 1960s | 50.20 billion international-$ in 2021 prices | 31.17 billion international-$ in 2021 prices | 76.52 billion international-$ in 2021 prices | 10 |
| 1970s | 144.28 billion international-$ in 2021 prices | 87.20 billion international-$ in 2021 prices | 216.19 billion international-$ in 2021 prices | 10 |
| 1980s | 325.08 billion international-$ in 2021 prices | 233.56 billion international-$ in 2021 prices | 466.01 billion international-$ in 2021 prices | 10 |
| 1990s | 669.91 billion international-$ in 2021 prices | 508.13 billion international-$ in 2021 prices | 836.98 billion international-$ in 2021 prices | 10 |
| 2000s | 963.27 billion international-$ in 2021 prices | 857.12 billion international-$ in 2021 prices | 1.07 trillion international-$ in 2021 prices | 10 |
| 2010s | 1.17 trillion international-$ in 2021 prices | 1.08 trillion international-$ in 2021 prices | 1.26 trillion international-$ in 2021 prices | 10 |
| 2020s | 1.39 trillion international-$ in 2021 prices | 1.32 trillion international-$ in 2021 prices | 1.45 trillion international-$ in 2021 prices | 4 |
Countries ranked near Taiwan
- 19 Australia 1.70 trillion international-$ in 2021 prices compare
- 20 Thailand 1.65 trillion international-$ in 2021 prices compare
- 21 Poland 1.52 trillion international-$ in 2021 prices compare
- 23 Pakistan 1.40 trillion international-$ in 2021 prices compare
- 24 Bangladesh 1.36 trillion international-$ in 2021 prices compare
- 25 Iran 1.34 trillion international-$ in 2021 prices compare
More economy & growth data for Taiwan
- Tax revenue vs. Electoral Democracy Index 0.801 (2025)
- Human Rights Index vs. GDP per capita 0.93 (2025)
- Foreign aid received per capita vs. GDP per capita 0.39 constant 2024 US$ (1996)
- Fruit consumption by type 0.01 kilograms per year per capita (2023)
- Per capita egg consumption 14.05 kilograms per year per capita (2023)
- Fruit consumption vs. GDP per capita 94.38 kilograms per year per capita (2023)
- Milk supply per person 57.79 kilograms per year per capita (2023)
- Animal protein consumption 7.78 grams of protein per day per capita (2023)
- Vegetable supply per person vs. GDP per capita 120.82 kilograms per year per capita (2023)
- Cocoa bean consumption per person 0.67 kilograms per year per capita (2023)
Frequently asked questions
- What is gross domestic product (gdp) in Taiwan?
- Gross domestic product (gdp) in Taiwan was 1.45 trillion international-$ in 2021 prices in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Taiwan?
- The highest recorded value was 1.45 trillion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Taiwan?
- The lowest recorded value was 14.14 billion international-$ in 2021 prices in 1951.
- How does Taiwan rank for gross domestic product (gdp)?
- Taiwan ranks 22nd out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Taiwan?
- Over the last ten years it is up 27.6%. The long-run trend across the full record is volatile.
- Where does this Taiwan data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.