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%.
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.
Taiwan GDP from 1980 to 2024
The total market value of goods and services produced annually in Taiwan.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 42B 285M | $ 2,366.80 | $ 3,446.31 | $ 61B 572M | 8.039 % | 0 % | 32.11 % | 0 % | 17M 866K people |
1981 | $ 48B 969M | $ 2,691.49 | $ 3,967.38 | $ 72B 182M | 7.1 % | 0 % | 31.64 % | 0 % | 18M 194K people |
1982 | $ 49B 535M | $ 2,675.31 | $ 4,338.44 | $ 80B 329M | 4.81 % | 0 % | 30.87 % | 0 % | 18M 516K people |
1983 | $ 54B 148M | $ 2,881.66 | $ 4,843.25 | $ 91B 7M | 9.023 % | 0 % | 33.75 % | 0 % | 18M 791K people |
1984 | $ 61B 71M | $ 3,202.61 | $ 5,441.61 | $ 103B 767M | 10.049 % | 11.429 % | 35.68 % | 0 % | 19M 69K people |
1985 | $ 63B 617M | $ 3,293.87 | $ 5,809.03 | $ 112B 195M | 4.807 % | 14.471 % | 35.21 % | 0 % | 19M 314K people |
1986 | $ 78B 195M | $ 4,008.13 | $ 6,542.05 | $ 127B 629M | 11.512 % | 20.822 % | 41.33 % | 0 % | 19M 509K people |
1987 | $ 105B 39M | $ 5,325.17 | $ 7,476.26 | $ 147B 469M | 12.751 % | 17.179 % | 40.77 % | 0 % | 19M 725K people |
1988 | $ 126B 473M | $ 6,338.10 | $ 8,264.84 | $ 164B 920M | 8.024 % | 8.117 % | 36.77 % | 0 % | 19M 954K people |
1989 | $ 152B 704M | $ 7,575.91 | $ 9,244.39 | $ 186B 335M | 8.722 % | 7.533 % | 32.76 % | 0 % | 20M 157K people |
1990 | $ 166B 622M | $ 8,167.20 | $ 10,000.34 | $ 204B 20M | 5.541 % | 6.55 % | 31.91 % | 0 % | 20M 401K people |
1991 | $ 187B 140M | $ 9,081.90 | $ 11,092.91 | $ 228B 579M | 8.372 % | 6.662 % | 32.42 % | 0 % | 20M 606K people |
1992 | $ 222B 911M | $ 10,715.54 | $ 12,172.32 | $ 253B 216M | 8.31 % | 3.836 % | 31.87 % | 0 % | 20M 803K people |
1993 | $ 236B 339M | $ 11,256.71 | $ 13,187.66 | $ 276B 880M | 6.814 % | 2.98 % | 31.51 % | 0 % | 20M 995K people |
1994 | $ 256B 247M | $ 12,099.75 | $ 14,355.11 | $ 304B 11M | 7.503 % | 2.536 % | 30.34 % | 0 % | 21M 178K people |
1995 | $ 279B 59M | $ 13,066.13 | $ 15,477.26 | $ 330B 555M | 6.499 % | 1.962 % | 29.84 % | 0 % | 21M 357K people |
1996 | $ 292B 494M | $ 13,588.31 | $ 16,603.51 | $ 357B 398M | 6.177 % | 3.734 % | 28.99 % | 0 % | 21M 525K people |
1997 | $ 303B 284M | $ 13,948.72 | $ 17,732.79 | $ 385B 561M | 6.051 % | 2.234 % | 28.64 % | 0 % | 21M 743K people |
1998 | $ 279B 964M | $ 12,767.08 | $ 18,527.82 | $ 406B 289M | 4.205 % | 1.118 % | 28.43 % | 0 % | 21M 929K people |
1999 | $ 303B 830M | $ 13,752.72 | $ 19,906.25 | $ 439B 777M | 6.732 % | 2.494 % | 28.87 % | 0 % | 22M 92K people |
