Taiwan GDP Annual Growth Rate

Last Release

Jun 30, 2025

Actual

7.96

Units In

5.48

Frequency

Quarterly

Next Release

Aug 29, 2025

Time to Release

28 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
17.26 Sep 1978	-7.88 Mar 2009	6.96 %	1962-2025	N/A

Taiwan’s economy is export oriented. As such, manufacturing is crucial and accounts for around 31 percent of GDP. Like in most advanced economies, the services sector is the biggest and constitutes nearly 65 percent of GDP. Within services, the most important are wholesale and retail trade (17.3 percent of GDP); real estate (8 percent of GDP); and public administration and defense (6.4 percent of GDP).

Latest Updates

Taiwan’s economy surged 7.96% in Q2 2025, accelerating from 5.48% in Q1, according to an advance estimate. This marked the fastest expansion in four years and sharply exceeded market expectations of 5.7%, primarily driven by robust exports and capital formation. Gross capital formation rose 5.56% (vs. 15.98% in Q1 2025), supported by investment in machinery, construction, transport equipment, and intellectual property. Real private final consumption edged up 0.56% (vs. 1.36%), supported by spending on food, beverages, and services such as entertainment and transportation. Government consumption increased 2.85% (vs. 0.44%), contributing 0.37 percentage points to overall GDP growth. Exports of goods and services surged 35.10% (vs. 20.29%), fueled by strong global demand for artificial intelligence (AI) and emerging technologies, while imports rose 31.95% (vs. 24.43%). On a seasonally adjusted annualized basis, GDP growth accelerated to 12.89% in Q2, up from 7.25% in the previous quarter.