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.

Government agencies, think tanks, and international observers have all suggested that Taiwan’s economy could grow anywhere between 3 percent and 3.5 percent this year, thanks to an estimated increase of investment and exports.

The risks Taiwan will face ahead are multifaceted. Many leaders are preoccupied with post-pandemic economic bailouts and rejuvenation, exploring solutions to tackle rising unemployment and save...

Economic overview. Taiwan has a dynamic capitalist economy that is driven largely by industrial manufacturing, and especially exports of electronics, machinery, and petrochemicals. This heavy dependence on exports exposes the economy to fluctuations in global demand.

How Taiwan became the indispensable economy. Fearing a potential conflict in Asia, western companies are looking to move production out of Taiwan. But turning away from the self-ruled island...

Learn about Taiwan's economic performance, GDP, exports, and coronavirus response from various sources and data. Taiwan is one of the Four Asian Tigers with high per capita GDP and GDP growth.

According to the International Monetary Fund, Taiwan’s gross domestic product per capita reached US$32,756 in 2022. In terms of nominal GDP, Taiwan ranks close to Poland and Switzerland, while its GDP per capita expressed as purchasing power parity is similar to that of the Bahamas and South Korea.

According to Chinese customs data, the country’s trade surpluses mainly come from the United States and Europe. But it often runs a large trade deficit with Taiwan, along with Japan and South...

Taiwan's trade-dependent economy grew faster than expected in the fourth quarter thanks to strong domestic consumption and a rebound in exports, expanding 1.4% for the full year of 2023.