Includes Taiwan real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Data sets offering a full view of Taiwan’s economy, international trade and finance sector. With links to rankings of the its best and safest banks. Economic and financial data including Taiwan GDP growth, GDP per capita and more. Updated February 2024
Taiwan GDP: Powering A Global Leader
Taiwan is one of the world’s top 20 economies in terms of GDP and the global leader in semiconductor manufacturing, contributing over 60% of the world’s raw semiconductors and more than 90% of the most advanced ones.
A crucial locus for regional and global trade and investment, Taiwan boasts a highly skilled workforce of 24 million people, a well-developed institutional framework, a wide range of financial services, and attractive incentives for foreign investors. Challenges include over-reliance on the technology sector and mainland Chinese demand, an aging population and tenuous diplomatic status.
Taiwan GDP & Economic Overview
Macroeconomy & Sovereign Data
Total Land Area | 35,980 sq kim |
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Type of Government | Democracy |
Capital | Taipei |
Total Population | 23.32 million |
Total Gross Domestic Product – GDP | USD 791 billion (2023) |
Median Age | 42.5 |
Adult Per Capita Income (PPP) | USD 72,434 |
Click here to read about our picks for the Best Banks in Asia-Pacific, including Taiwan.
Taiwan
Taiwan Banking, Finance, Trade & Investment
Central Banking & Economic Leadership
Central Bank | Central Bank of the Republic of China (Taiwan) |
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Currency | New Taiwan Dollar (TWD) (NT$) |
Sovereign Ratings |
S&P AA Moody’s Aa3 Fitch AA |
International Reserves | USD 571 billion |
Stock Exchange | Taiwan Stock Exchange (TWSE) |
Prudent Fiscal Management?
Taiwan has among the lowest debt-to-GDP ratios in the region–but is that a sign of fiscal prudence or of opportunity gone to waste? .
Central Bank Governor
Yang Chin-long
Governor Yang Chin-long’s Central Bank of the Republic of China (Taiwan) knows how to finely balance the tweaks to inflationary expectations provided by tighter policy rates and reserve requirement ratios….
Click below for more of our assessment of the governor—and his peers around the world—in our latest annual Central Banker Report Cards..
Taiwan: International Trade & Investment
International Trade
Total Exports | USD 376 billion |
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Major Exports |
Integrated circuits, Office machinery/parts Computers, Refined petroleum, Liquid crystal displays |
Major Trade Partners – Export |
China, Hong Kong (China), Other ASEAN, unspecified United States, Other EU, unspecified |
Total Imports | USD 728 billion |
Major Imports | Integrated circuits, Crude petroleum, Photography equipment, Natural gas, Refined petroleum |
Major Trade Partners – Import |
China, Japan, Other ASEAN, unspecified United States, Other EU, unspecified |
Taiwan's Leading Companies
Semiconductors |
Taiwan Semiconductor MediaTek |
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Manufacturing |
Hon Hai Precision Quanta Computer |
Financial Services | Cathay Financial |
Shipping & Containers | Evergreen Marine Corp |
Global Finance Rankings & Awards: Taiwan
Global Finance Magazine awards recognize excellence in finance throughout the year, naming the world's best in a range of categories including Trade Finance, Investment Banking, Treasury & Cash Management, Innovation, Sustainable Finance and more.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000