Gross domestic product (GDP) in Taiwan
Taiwan: Gross domestic product (GDP) was 1.45 trillion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
1.45 trillion international-$ in 2021 prices
Change on year
up 1.5%
World rank
22nd
of 184 countries
All-time high
1.45 trillion international-$ in 2021 prices
in 2023
All-time low
14.14 billion international-$ in 2021 prices
in 1951
Years of data
73
1951–2023
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.
Gross domestic product (GDP) in Taiwan, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1951 | 14.14 billion international-$ in 2021 prices | — |
| 1952 | 16.30 billion international-$ in 2021 prices | +15.3% |
| 1953 | 18.02 billion international-$ in 2021 prices | +10.5% |
| 1954 | 19.73 billion international-$ in 2021 prices | +9.5% |
| 1955 | 21.21 billion international-$ in 2021 prices | +7.5% |
| 1956 | 22.91 billion international-$ in 2021 prices | +8.0% |
| 1957 | 24.83 billion international-$ in 2021 prices | +8.4% |
| 1958 | 26.64 billion international-$ in 2021 prices | +7.3% |
| 1959 | 29.04 billion international-$ in 2021 prices | +9.0% |
| 1960 | 31.17 billion international-$ in 2021 prices | +7.3% |
| 1961 | 33.98 billion international-$ in 2021 prices | +9.0% |
| 1962 | 36.44 billion international-$ in 2021 prices | +7.2% |
| 1963 | 39.98 billion international-$ in 2021 prices | +9.7% |
| 1964 | 45.11 billion international-$ in 2021 prices | +12.8% |
| 1965 | 51.27 billion international-$ in 2021 prices | +13.7% |
| 1966 | 55.30 billion international-$ in 2021 prices | +7.9% |
| 1967 | 62.63 billion international-$ in 2021 prices | +13.3% |
| 1968 | 69.60 billion international-$ in 2021 prices | +11.1% |
| 1969 | 76.52 billion international-$ in 2021 prices | +9.9% |
| 1970 | 87.20 billion international-$ in 2021 prices | +14.0% |
| 1971 | 98.94 billion international-$ in 2021 prices | +13.5% |
| 1972 | 112.71 billion international-$ in 2021 prices | +13.9% |
| 1973 | 128.72 billion international-$ in 2021 prices | +14.2% |
| 1974 | 135.96 billion international-$ in 2021 prices | +5.6% |
| 1975 | 136.68 billion international-$ in 2021 prices | +0.5% |
| 1976 | 157.75 billion international-$ in 2021 prices | +15.4% |
| 1977 | 171.89 billion international-$ in 2021 prices | +9.0% |
| 1978 | 196.72 billion international-$ in 2021 prices | +14.4% |
| 1979 | 216.19 billion international-$ in 2021 prices | +9.9% |
| 1980 | 233.56 billion international-$ in 2021 prices | +8.0% |
| 1981 | 248.24 billion international-$ in 2021 prices | +6.3% |
| 1982 | 256.27 billion international-$ in 2021 prices | +3.2% |
| 1983 | 275.13 billion international-$ in 2021 prices | +7.4% |
| 1984 | 299.11 billion international-$ in 2021 prices | +8.7% |
| 1985 | 303.19 billion international-$ in 2021 prices | +1.4% |
| 1986 | 344.93 billion international-$ in 2021 prices | +13.8% |
| 1987 | 397.13 billion international-$ in 2021 prices | +15.1% |
| 1988 | 427.24 billion international-$ in 2021 prices | +7.6% |
| 1989 | 466.01 billion international-$ in 2021 prices | +9.1% |
| 1990 | 508.13 billion international-$ in 2021 prices | +9.0% |
| 1991 | 542.76 billion international-$ in 2021 prices | +6.8% |
| 1992 | 583.56 billion international-$ in 2021 prices | +7.5% |
| 1993 | 616.52 billion international-$ in 2021 prices | +5.6% |
| 1994 | 644.08 billion international-$ in 2021 prices | +4.5% |
| 1995 | 676.80 billion international-$ in 2021 prices | +5.1% |
| 1996 | 722.44 billion international-$ in 2021 prices | +6.7% |
| 1997 | 765.85 billion international-$ in 2021 prices | +6.0% |
| 1998 | 801.96 billion international-$ in 2021 prices | +4.7% |
| 1999 | 836.98 billion international-$ in 2021 prices | +4.4% |
| 2000 | 882.56 billion international-$ in 2021 prices | +5.4% |
| 2001 | 857.12 billion international-$ in 2021 prices | -2.9% |
| 2002 | 885.12 billion international-$ in 2021 prices | +3.3% |
| 2003 | 907.07 billion international-$ in 2021 prices | +2.5% |
| 2004 | 953.02 billion international-$ in 2021 prices | +5.1% |
| 2005 | 1.02 trillion international-$ in 2021 prices | +7.3% |
| 2006 | 1.04 trillion international-$ in 2021 prices | +1.2% |
| 2007 | 1.07 trillion international-$ in 2021 prices | +3.3% |
| 2008 | 1.03 trillion international-$ in 2021 prices | -3.5% |
| 2009 | 989.75 billion international-$ in 2021 prices | -4.0% |
| 2010 | 1.08 trillion international-$ in 2021 prices | +9.2% |
| 2011 | 1.13 trillion international-$ in 2021 prices | +4.2% |
| 2012 | 1.14 trillion international-$ in 2021 prices | +1.4% |
| 2013 | 1.13 trillion international-$ in 2021 prices | -0.7% |
| 2014 | 1.18 trillion international-$ in 2021 prices | +3.9% |
| 2015 | 1.17 trillion international-$ in 2021 prices | -0.5% |
| 2016 | 1.17 trillion international-$ in 2021 prices | -0.0% |
| 2017 | 1.21 trillion international-$ in 2021 prices | +3.3% |
| 2018 | 1.21 trillion international-$ in 2021 prices | -0.3% |
| 2019 | 1.26 trillion international-$ in 2021 prices | +4.8% |
| 2020 | 1.32 trillion international-$ in 2021 prices | +4.1% |
| 2021 | 1.39 trillion international-$ in 2021 prices | +5.4% |
| 2022 | 1.43 trillion international-$ in 2021 prices | +2.8% |
| 2023 | 1.45 trillion international-$ in 2021 prices | +1.5% |
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
- US dollar per domestic currency (End-of-period (EoP)) 0.0318 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 31.44 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 43.05 (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0232 (2025)
- Gross Domestic Product, GDP in millions constant 2021 international $ 1.73 million (2027)
- Tax revenue vs. Electoral Democracy Index 0.801 (2025)
- Human Rights Index vs. GDP per capita 0.93 (2025)
- Gross Domestic Product, GDP in millions constant 2021 international $ 2.52 % change on previous year (2027)
- Foreign aid received per capita vs. GDP per capita 0.39 constant 2024 US$ (1996)
- Fruit consumption vs. GDP per capita 94.38 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.
Download this data
CSV · JSON — 73 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.