Gross domestic product (GDP), annual growth rate (Bolt) in Taiwan
Taiwan: Gross domestic product (GDP), annual growth rate (Bolt) was 2.45 % change on previous year in 2022. ◆ Volatile
Latest (2022)
2.45 % change on previous year
Change on year
down 62.4%
World rank
126th
of 166 countries
All-time high
19.45 % change on previous year
in 1903
All-time low
-17.04 % change on previous year
in 1905
Years of data
111
1902–2022
Gross domestic product (GDP), annual growth rate in Taiwan, 1902–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), annual growth rate in Taiwan is 2.45 % change on previous year, measured in 2022.
The figure is down 62.4% on the previous year and up 10.3% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Taiwan peaked at 19.45 % change on previous year in 1903 and was at its lowest, -17.04 % change on previous year, in 1905.
That places Taiwan 126th out of 166 countries with data for 2022, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate (Bolt) in Taiwan, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1902 | 2.5 % change on previous year | — |
| 1903 | 19.45 % change on previous year | +677.1% |
| 1904 | -3.12 % change on previous year | -116.1% |
| 1905 | -17.04 % change on previous year | +445.4% |
| 1906 | 6.54 % change on previous year | -138.4% |
| 1907 | 11.72 % change on previous year | +79.3% |
| 1908 | 4.1 % change on previous year | -65.0% |
| 1909 | 12.81 % change on previous year | +212.4% |
| 1910 | 3.21 % change on previous year | -75.0% |
| 1911 | -4.5 % change on previous year | -240.3% |
| 1912 | -4.11 % change on previous year | -8.7% |
| 1913 | 10.81 % change on previous year | -363.2% |
| 1914 | -2.13 % change on previous year | -119.7% |
| 1915 | 4.58 % change on previous year | -314.8% |
| 1916 | 8.55 % change on previous year | +86.6% |
| 1917 | 13.62 % change on previous year | +59.2% |
| 1918 | -3.84 % change on previous year | -128.2% |
| 1919 | 3.96 % change on previous year | -203.2% |
| 1920 | -0.2321 % change on previous year | -105.9% |
| 1921 | 4.97 % change on previous year | -2243.0% |
| 1922 | 12.39 % change on previous year | +149.1% |
| 1923 | 3.44 % change on previous year | -72.2% |
| 1924 | 8.84 % change on previous year | +156.9% |
| 1925 | 6.04 % change on previous year | -31.7% |
| 1926 | 2.01 % change on previous year | -66.7% |
| 1927 | 0.3912 % change on previous year | -80.6% |
| 1928 | 3.12 % change on previous year | +696.3% |
| 1929 | 5.49 % change on previous year | +76.3% |
| 1930 | 4.39 % change on previous year | -20.1% |
| 1931 | 1.43 % change on previous year | -67.4% |
| 1932 | 6.15 % change on previous year | +329.2% |
| 1933 | -2.79 % change on previous year | -145.4% |
| 1934 | 5.54 % change on previous year | -298.4% |
| 1935 | 10.27 % change on previous year | +85.4% |
| 1936 | 5.91 % change on previous year | -42.5% |
| 1937 | 0.996 % change on previous year | -83.1% |
| 1938 | 6.04 % change on previous year | +506.8% |
| 1939 | -1.93 % change on previous year | -131.9% |
| 1940 | -6.95 % change on previous year | +260.4% |
| 1951 | 8.01 % change on previous year | -215.2% |
| 1952 | 11.95 % change on previous year | +49.3% |
| 1953 | 9.3 % change on previous year | -22.2% |
| 1954 | 9.53 % change on previous year | +2.5% |
| 1955 | 8.13 % change on previous year | -14.7% |
| 1956 | 5.58 % change on previous year | -31.3% |
| 1957 | 7.25 % change on previous year | +29.9% |
| 1958 | 6.77 % change on previous year | -6.6% |
| 1959 | 7.62 % change on previous year | +12.6% |
| 1960 | 5.67 % change on previous year | -25.7% |
| 1961 | 6.85 % change on previous year | +20.9% |
| 1962 | 7.93 % change on previous year | +15.8% |
| 1963 | 9.39 % change on previous year | +18.4% |
| 1964 | 12.14 % change on previous year | +29.3% |
| 1965 | 11.13 % change on previous year | -8.4% |
| 1966 | 8.96 % change on previous year | -19.5% |
| 1967 | 10.69 % change on previous year | +19.3% |
| 1968 | 9.17 % change on previous year | -14.2% |
| 1969 | 8.94 % change on previous year | -2.5% |
| 1970 | 11.25 % change on previous year | +25.9% |
| 1971 | 13.04 % change on previous year | +15.9% |
| 1972 | 13.29 % change on previous year | +1.9% |
| 1973 | 12.85 % change on previous year | -3.3% |
| 1974 | 1.17 % change on previous year | -90.9% |
| 1975 | 4.93 % change on previous year | +322.4% |
| 1976 | 13.83 % change on previous year | +180.3% |
| 1977 | 10.21 % change on previous year | -26.2% |
| 1978 | 13.6 % change on previous year | +33.2% |
| 1979 | 8.18 % change on previous year | -39.9% |
| 1980 | 7.29 % change on previous year | -10.9% |
| 1981 | 6.17 % change on previous year | -15.4% |
| 1982 | 3.54 % change on previous year | -42.6% |
| 1983 | 8.46 % change on previous year | +139.0% |
| 1984 | 10.59 % change on previous year | +25.2% |
| 1985 | 4.96 % change on previous year | -53.1% |
| 1986 | 11.63 % change on previous year | +134.3% |
| 1987 | 16.21 % change on previous year | +39.4% |
| 1988 | 4.63 % change on previous year | -71.4% |
| 1989 | 8.23 % change on previous year | +77.6% |
| 1990 | 5.39 % change on previous year | -34.5% |
| 1991 | 8.03 % change on previous year | +48.9% |
| 1992 | 7.91 % change on previous year | -1.6% |
| 1993 | 6.46 % change on previous year | -18.3% |
| 1994 | 7.24 % change on previous year | +12.1% |
| 1995 | 6.22 % change on previous year | -14.2% |
| 1996 | 5.8 % change on previous year | -6.7% |
| 1997 | 5.56 % change on previous year | -4.0% |
| 1998 | 3.89 % change on previous year | -30.0% |
| 1999 | 6.39 % change on previous year | +64.3% |
| 2000 | 6.01 % change on previous year | -6.0% |
| 2001 | -1.49 % change on previous year | -124.7% |
| 2002 | 5.23 % change on previous year | -451.6% |
| 2003 | 3.82 % change on previous year | -26.9% |
| 2004 | 6.13 % change on previous year | +60.4% |
| 2005 | 5.04 % change on previous year | -17.8% |
| 2006 | 5.17 % change on previous year | +2.5% |
| 2007 | 6.16 % change on previous year | +19.2% |
| 2008 | 0.3143 % change on previous year | -94.9% |
| 2009 | -1.94 % change on previous year | -715.8% |
| 2010 | 10.33 % change on previous year | -633.7% |
| 2011 | 3.38 % change on previous year | -67.3% |
| 2012 | 2.22 % change on previous year | -34.3% |
| 2013 | 2.48 % change on previous year | +11.8% |
| 2014 | 4.72 % change on previous year | +90.0% |
| 2015 | 1.47 % change on previous year | -68.9% |
| 2016 | 2.16 % change on previous year | +47.6% |
| 2017 | 3.31 % change on previous year | +53.0% |
| 2018 | 2.79 % change on previous year | -15.8% |
| 2019 | 3.06 % change on previous year | +10.0% |
| 2020 | 3.39 % change on previous year | +10.5% |
| 2021 | 6.53 % change on previous year | +92.7% |
| 2022 | 2.45 % change on previous year | -62.4% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate (Bolt) in Taiwan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1921 | +2243.0% | -0.2321 % change on previous year | 4.97 % change on previous year |
| 2009 | -715.8% | 0.3143 % change on previous year | -1.94 % change on previous year |
| 1928 | +696.3% | 0.3912 % change on previous year | 3.12 % change on previous year |
| 1903 | +677.1% | 2.5 % change on previous year | 19.45 % change on previous year |
| 2010 | +633.7% | -1.94 % change on previous year | 10.33 % change on previous year |
| 1938 | +506.8% | 0.996 % change on previous year | 6.04 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1900s | 4.62 % change on previous year | -17.04 % change on previous year | 19.45 % change on previous year | 8 |
| 1910s | 3.02 % change on previous year | -4.5 % change on previous year | 13.62 % change on previous year | 10 |
| 1920s | 4.65 % change on previous year | -0.2321 % change on previous year | 12.39 % change on previous year | 10 |
| 1930s | 3.6 % change on previous year | -2.79 % change on previous year | 10.27 % change on previous year | 10 |
| 1940s | -6.95 % change on previous year | -6.95 % change on previous year | -6.95 % change on previous year | 1 |
| 1950s | 8.24 % change on previous year | 5.58 % change on previous year | 11.95 % change on previous year | 9 |
| 1960s | 9.09 % change on previous year | 5.67 % change on previous year | 12.14 % change on previous year | 10 |
| 1970s | 10.24 % change on previous year | 1.17 % change on previous year | 13.83 % change on previous year | 10 |
| 1980s | 8.17 % change on previous year | 3.54 % change on previous year | 16.21 % change on previous year | 10 |
| 1990s | 6.29 % change on previous year | 3.89 % change on previous year | 8.03 % change on previous year | 10 |
| 2000s | 3.45 % change on previous year | -1.94 % change on previous year | 6.16 % change on previous year | 10 |
| 2010s | 3.59 % change on previous year | 1.47 % change on previous year | 10.33 % change on previous year | 10 |
| 2020s | 4.12 % change on previous year | 2.45 % change on previous year | 6.53 % change on previous year | 3 |
Countries ranked near Taiwan
- 123 Burkina Faso 2.47 % change on previous year compare
- 124 Burundi 2.47 % change on previous year compare
- 125 Czechia 2.46 % change on previous year compare
- 127 Chile 2.44 % change on previous year compare
- 128 Serbia 2.25 % change on previous year compare
- 129 New Zealand 2.19 % change on previous year compare
More economy & growth data for Taiwan
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0232 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 43.05 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 31.44 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.0318 (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)
- Gross domestic product (GDP), annual growth rate 1.46 % change on previous year (2023)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Taiwan?
- Gross domestic product (gdp), annual growth rate in Taiwan was 2.45 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Taiwan?
- The highest recorded value was 19.45 % change on previous year in 1903.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Taiwan?
- The lowest recorded value was -17.04 % change on previous year in 1905.
- How does Taiwan rank for gross domestic product (gdp), annual growth rate?
- Taiwan ranks 126th out of 166 countries with data for 2022.
- Is gross domestic product (gdp), annual growth rate rising or falling in Taiwan?
- Over the last ten years it is up 10.3%. The long-run trend across the full record is volatile.
- Where does this Taiwan data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 111 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
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.
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
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.