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Taiwan

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.

Macroeconomy & Sovereign Data

Total Land Area 35,980 sq kim
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

Central Banking & Economic Leadership

Central Bank Central Bank of the Republic of China (Taiwan)
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)

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

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….


International Trade

Total Exports USD 376 billion
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
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

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