Taiwan GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

5.48

Units In

2.9

Frequency

Quarterly

Next Release

Aug 29, 2025

Time to Release

2 Months 30 Days 10 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 annual economic growth in Q1 2025 was revised upward to 5.48% from an initial estimate of 5.37%, compared with a revised 3.82% expansion in the previous quarter. Exports grew by 20.29% in Q1 2025, supported by strong global demand for electronic information and communication products, while imports increased by 24.43%. Private final consumption rose by 1.36%. On the production side, manufacturing expanded to 11.03% from 6.61% in Q4 2024, mainly due to increased output in semiconductors, computers, electronics, and optical products. Growth was also recorded in wholesale & retail trade (3.32% vs 2.75%), transportation & storage (2.88% vs 0.92%), and financial & insurance (6.37% vs 11.84%). On a seasonally adjusted quarterly basis, GDP grew by 7.25% in Q1, following a revised 6.89% rise in Q4 2024. In 2024, the economic growth rate was upwardly revised to 4.84%. Meanwhile, Taiwan has cut its 2025 GDP growth forecast to 3.1% from the 3.14% projected in February.