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The economy shifted from an agriculture-based economy (32% of GDP in 1952) to an industry-oriented economy (47% of GDP in 1986). [ 29 ] [ better source needed ] Between 1952 and 1961, the economy grew by an average of 9.21% each year.
In 2022, Taiwan’s gross domestic product amounted to around 760.91 billion U.S. dollars. Gross domestic product (GDP) denotes the aggregate value of all services and goods produced within...
The Gross Domestic Product (GDP) in Taiwan was worth 756.59 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Taiwan represents 0.72 percent of the world economy.
Gross Domestic Product of Taiwan grew 1.3% in 2023 compared to last year. This rate is 13 -tenths of one percent less than the figure of 2.6% published in 2022. The GDP figure in 2023 was $755,674 million, Taiwan is number 22 in the ranking of GDP of the 196 countries that we publish.
World Bank national accounts data, and OECD National Accounts data files.
Economic situation in Taiwan. GDP grew by 4.0% annually in Q3, marking the slowest growth since Q3 2023 but surpassing market expectations. Government spending and investment fueled the economy—the latter likely driven by machinery and equipment investment by tech firms plus a strong housing market.
GDP, PPP (constant 2021 international $) GDP (current LCU) GDP, PPP (current international $) GDP per capita growth (annual %) Download. CSV XML EXCEL. DataBank. Explore Our DataBank. WDI Tables. Thematic data tables from WDI. Selected Countries and Economies. Country. Most Recent Year. Most Recent Value.
The Gross Domestic Product (GDP) in Taiwan expanded 3.97 percent in the third quarter of 2024 over the same quarter of the previous year. This page provides - Taiwan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
The economic outlook for Taiwan will improve in 2024, as inventory de-stocking and a stabilisation of Chinese economic activity revive demand for the island's exports. This will allow headline real GDP growth to recover to 3.3%, from 1.3% in 2023.
Per capita GDP measured in purchasing power parity was one of the highest worldwide and the third highest in Asia Pacific in 2022. In addition, Taiwan was remarkably effective in containing the...