Gross domestic product (GDP), annual growth rate in Taiwan
Taiwan: Gross domestic product (GDP), annual growth rate was 1.46 % change on previous year in 2023. ◆ Volatile
Latest (2023)
1.46 % change on previous year
Change on year
down 47.3%
World rank
112th
of 184 countries
All-time high
15.42 % change on previous year
in 1976
All-time low
-4.03 % change on previous year
in 2009
Years of data
72
1952–2023
Gross domestic product (GDP), annual growth rate in Taiwan, 1952–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross domestic product (gdp), annual growth rate in Taiwan stood at 1.46 % change on previous year.
Compared with earlier readings it is down 47.3% on the previous year and up 302.7% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Taiwan peaked at 15.42 % change on previous year in 1976 and was at its lowest, -4.03 % change on previous year, in 2009.
That places Taiwan 112th out of 184 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Taiwan, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1952 | 15.28 % change on previous year | — |
| 1953 | 10.54 % change on previous year | -31.0% |
| 1954 | 9.47 % change on previous year | -10.1% |
| 1955 | 7.52 % change on previous year | -20.6% |
| 1956 | 7.98 % change on previous year | +6.1% |
| 1957 | 8.4 % change on previous year | +5.2% |
| 1958 | 7.28 % change on previous year | -13.3% |
| 1959 | 9.02 % change on previous year | +23.9% |
| 1960 | 7.33 % change on previous year | -18.7% |
| 1961 | 9.02 % change on previous year | +23.0% |
| 1962 | 7.24 % change on previous year | -19.7% |
| 1963 | 9.73 % change on previous year | +34.4% |
| 1964 | 12.81 % change on previous year | +31.7% |
| 1965 | 13.65 % change on previous year | +6.6% |
| 1966 | 7.88 % change on previous year | -42.3% |
| 1967 | 13.26 % change on previous year | +68.3% |
| 1968 | 11.13 % change on previous year | -16.0% |
| 1969 | 9.93 % change on previous year | -10.7% |
| 1970 | 13.95 % change on previous year | +40.5% |
| 1971 | 13.47 % change on previous year | -3.5% |
| 1972 | 13.92 % change on previous year | +3.3% |
| 1973 | 14.2 % change on previous year | +2.0% |
| 1974 | 5.63 % change on previous year | -60.4% |
| 1975 | 0.5274 % change on previous year | -90.6% |
| 1976 | 15.42 % change on previous year | +2823.5% |
| 1977 | 8.96 % change on previous year | -41.9% |
| 1978 | 14.45 % change on previous year | +61.2% |
| 1979 | 9.9 % change on previous year | -31.5% |
| 1980 | 8.03 % change on previous year | -18.9% |
| 1981 | 6.28 % change on previous year | -21.7% |
| 1982 | 3.24 % change on previous year | -48.5% |
| 1983 | 7.36 % change on previous year | +127.4% |
| 1984 | 8.71 % change on previous year | +18.4% |
| 1985 | 1.36 % change on previous year | -84.4% |
| 1986 | 13.77 % change on previous year | +911.2% |
| 1987 | 15.13 % change on previous year | +9.9% |
| 1988 | 7.58 % change on previous year | -49.9% |
| 1989 | 9.08 % change on previous year | +19.7% |
| 1990 | 9.04 % change on previous year | -0.4% |
| 1991 | 6.82 % change on previous year | -24.6% |
| 1992 | 7.52 % change on previous year | +10.3% |
| 1993 | 5.65 % change on previous year | -24.8% |
| 1994 | 4.47 % change on previous year | -20.8% |
| 1995 | 5.08 % change on previous year | +13.6% |
| 1996 | 6.74 % change on previous year | +32.8% |
| 1997 | 6.01 % change on previous year | -10.9% |
| 1998 | 4.71 % change on previous year | -21.6% |
| 1999 | 4.37 % change on previous year | -7.3% |
| 2000 | 5.45 % change on previous year | +24.7% |
| 2001 | -2.88 % change on previous year | -152.9% |
| 2002 | 3.27 % change on previous year | -213.3% |
| 2003 | 2.48 % change on previous year | -24.1% |
| 2004 | 5.07 % change on previous year | +104.2% |
| 2005 | 7.31 % change on previous year | +44.3% |
| 2006 | 1.22 % change on previous year | -83.3% |
| 2007 | 3.27 % change on previous year | +168.4% |
| 2008 | -3.52 % change on previous year | -207.7% |
| 2009 | -4.03 % change on previous year | +14.5% |
| 2010 | 9.19 % change on previous year | -328.0% |
| 2011 | 4.15 % change on previous year | -54.8% |
| 2012 | 1.43 % change on previous year | -65.5% |
| 2013 | -0.7191 % change on previous year | -150.1% |
| 2014 | 3.86 % change on previous year | -636.3% |
| 2015 | -0.5403 % change on previous year | -114.0% |
| 2016 | -0.0128 % change on previous year | -97.6% |
| 2017 | 3.3 % change on previous year | -25823.3% |
| 2018 | -0.3242 % change on previous year | -109.8% |
| 2019 | 4.82 % change on previous year | -1588.2% |
| 2020 | 4.12 % change on previous year | -14.5% |
| 2021 | 5.4 % change on previous year | +31.1% |
| 2022 | 2.77 % change on previous year | -48.8% |
| 2023 | 1.46 % change on previous year | -47.3% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate 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 |
|---|---|---|---|
| 2017 | +25823.3% | -0.0128 % change on previous year | 3.3 % change on previous year |
| 1976 | +2823.5% | 0.5274 % change on previous year | 15.42 % change on previous year |
| 2019 | +1588.2% | -0.3242 % change on previous year | 4.82 % change on previous year |
| 1986 | +911.2% | 1.36 % change on previous year | 13.77 % change on previous year |
| 2014 | +636.3% | -0.7191 % change on previous year | 3.86 % change on previous year |
| 2010 | +328.0% | -4.03 % change on previous year | 9.19 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 9.44 % change on previous year | 7.28 % change on previous year | 15.28 % change on previous year | 8 |
| 1960s | 10.2 % change on previous year | 7.24 % change on previous year | 13.65 % change on previous year | 10 |
| 1970s | 11.04 % change on previous year | 0.5274 % change on previous year | 15.42 % change on previous year | 10 |
| 1980s | 8.05 % change on previous year | 1.36 % change on previous year | 15.13 % change on previous year | 10 |
| 1990s | 6.04 % change on previous year | 4.37 % change on previous year | 9.04 % change on previous year | 10 |
| 2000s | 1.76 % change on previous year | -4.03 % change on previous year | 7.31 % change on previous year | 10 |
| 2010s | 2.52 % change on previous year | -0.7191 % change on previous year | 9.19 % change on previous year | 10 |
| 2020s | 3.44 % change on previous year | 1.46 % change on previous year | 5.4 % change on previous year | 4 |
Countries ranked near Taiwan
- 109 Belgium 1.57 % change on previous year compare
- 110 Congo 1.54 % change on previous year compare
- 111 South Korea 1.5 % change on previous year compare
- 113 Tajikistan 1.41 % change on previous year compare
- 114 Bahamas 1.37 % change on previous year compare
- 115 Colombia 1.37 % change on previous year 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)
- 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)
- 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)
- Net trade of food products as a share of domestic supply -61.2% (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 1.46 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Taiwan?
- The highest recorded value was 15.42 % change on previous year in 1976.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Taiwan?
- The lowest recorded value was -4.03 % change on previous year in 2009.
- How does Taiwan rank for gross domestic product (gdp), annual growth rate?
- Taiwan ranks 112th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Taiwan?
- Over the last ten years it is up 302.7%. 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 — 72 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) Feenstra et al. – Penn World Table (2025) – 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.