Taiwan's GDP changed from approximately $42B 285M in 1980 to $802B 958M in 2024, showing an overall 1798.9% sharply increased during the period.
The lowest GDP was recorded in 1980 at $42B 285M, and the highest in 2024 at $802B 958M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.9%.
For comparison, the average annual growth rate of China was 9.8%, and that of Japan was 3.0%.
Taiwan GDP from 1980 to 2024
The total market value of goods and services produced annually in Taiwan.
Overview of Taiwan's GDP (1980–2024)
The Gross Domestic Product (GDP) of Taiwan recorded a 1798.9% sharply increased from 1980 to 2024.
The average GDP during this period was $355B 855M, and the median was $317B 381M.
GDP fluctuated within a range of $760B 673M, with a standard deviation of $217B 363M.
The average annual change was $16B 282M.
Highest and Lowest GDP Records
- Lowest GDP: 1980, $42B 285M
- Highest GDP: 2024, $802B 958M
- Most Recent GDP: 2024, $802B 958M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2001: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Taiwan's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $611B 396M → $673B 178M
- Outcome: sharply increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $406B 907M → $390B 829M
- Outcome: declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $330B 680M → $299B 276M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $303B 284M → $279B 964M
- Outcome: declined
Key Economic Indicators of Taiwan (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 8.039 % | $ 42B 285M | $ 61B 572M | $ 2,366.80 | $ 3,446.31 | 32.11 % | 17M 866K people | 0 % | 0 % |
1981 | 7.1 % | $ 48B 969M | $ 72B 182M | $ 2,691.49 | $ 3,967.38 | 31.64 % | 18M 194K people | 0 % | 0 % |
1982 | 4.81 % | $ 49B 535M | $ 80B 329M | $ 2,675.31 | $ 4,338.44 | 30.87 % | 18M 516K people | 0 % | 0 % |
1983 | 9.023 % | $ 54B 148M | $ 91B 7M | $ 2,881.66 | $ 4,843.25 | 33.75 % | 18M 791K people | 0 % | 0 % |
1984 | 10.049 % | $ 61B 71M | $ 103B 767M | $ 3,202.61 | $ 5,441.61 | 35.68 % | 19M 69K people | 11.429 % | 0 % |
1985 | 4.807 % | $ 63B 617M | $ 112B 195M | $ 3,293.87 | $ 5,809.03 | 35.21 % | 19M 314K people | 14.471 % | 0 % |
1986 | 11.512 % | $ 78B 195M | $ 127B 629M | $ 4,008.13 | $ 6,542.05 | 41.33 % | 19M 509K people | 20.822 % | 0 % |
1987 | 12.751 % | $ 105B 39M | $ 147B 469M | $ 5,325.17 | $ 7,476.26 | 40.77 % | 19M 725K people | 17.179 % | 0 % |
1988 | 8.024 % | $ 126B 473M | $ 164B 920M | $ 6,338.10 | $ 8,264.84 | 36.77 % | 19M 954K people | 8.117 % | 0 % |
1989 | 8.722 % | $ 152B 704M | $ 186B 335M | $ 7,575.91 | $ 9,244.39 | 32.76 % | 20M 157K people | 7.533 % | 0 % |
1990 | 5.541 % | $ 166B 622M | $ 204B 20M | $ 8,167.20 | $ 10,000.34 | 31.91 % | 20M 401K people | 6.55 % | 0 % |
1991 | 8.372 % | $ 187B 140M | $ 228B 579M | $ 9,081.90 | $ 11,092.91 | 32.42 % | 20M 606K people | 6.662 % | 0 % |
1992 | 8.31 % | $ 222B 911M | $ 253B 216M | $ 10,715.54 | $ 12,172.32 | 31.87 % | 20M 803K people | 3.836 % | 0 % |
1993 | 6.814 % | $ 236B 339M | $ 276B 880M | $ 11,256.71 | $ 13,187.66 | 31.51 % | 20M 995K people | 2.98 % | 0 % |
1994 | 7.503 % | $ 256B 247M | $ 304B 11M | $ 12,099.75 | $ 14,355.11 | 30.34 % | 21M 178K people | 2.536 % | 0 % |
1995 | 6.499 % | $ 279B 59M | $ 330B 555M | $ 13,066.13 | $ 15,477.26 | 29.84 % | 21M 357K people | 1.962 % | 0 % |
1996 | 6.177 % | $ 292B 494M | $ 357B 398M | $ 13,588.31 | $ 16,603.51 | 28.99 % | 21M 525K people | 3.734 % | 0 % |
1997 | 6.051 % | $ 303B 284M | $ 385B 561M | $ 13,948.72 | $ 17,732.79 | 28.64 % | 21M 743K people | 2.234 % | 0 % |
1998 | 4.205 % | $ 279B 964M | $ 406B 289M | $ 12,767.08 | $ 18,527.82 | 28.43 % | 21M 929K people | 1.118 % | 0 % |
1999 | 6.732 % | $ 303B 830M | $ 439B 777M | $ 13,752.72 | $ 19,906.25 | 28.87 % | 22M 92K people | 2.494 % | 0 % |