Taiwan Forecast: Real GDP Growth

1980 - 2028 | Yearly | % | International Monetary Fund

Key information about Taiwan Forecast: Real GDP Growth

  • Taiwan Real GDP Growth is forecasted to be 2.966 % in Dec 2024 as reported by International Monetary Fund.
  • It records a decrease from the last reported number of 0.843 % in Dec 2023.
  • Looking ahead, Taiwan Real GDP Growth is projected to stand at 2.116 % in Dec 2028.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.

View Taiwan's Forecast: Real GDP Growth from 1980 to 2028 in the chart:

Taiwan Forecast: Real GDP Growth

What is Taiwan's Forecast: Real GDP Growth in 2028?

Taiwan Real GDP Growth is forecasted to be 2.966 % in Dec 2024 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.116 2028 2.499 2027 -1.613 2009 12.751 1987 % yearly 1980 - 2028

Forecast: Real GDP Growth by Country Comparison

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country/region Last Frequency Range
Afghanistan (%) -20.737 2021 yearly 2003 - 2021
Albania (%) 3.400 2028 yearly 1980 - 2028
Algeria (%) 1.782 2028 yearly 1980 - 2028
Andorra (%) 1.500 2028 yearly 2001 - 2028
Angola (%) 4.230 2028 yearly 1980 - 2028
Antigua and Barbuda (%) 2.685 2027 yearly 1980 - 2027
Argentina (%) 2.000 2027 yearly 1980 - 2027
Armenia (%) 4.500 2028 yearly 1993 - 2028
Aruba (%) 1.100 2028 yearly 1987 - 2028
Australia (%) 2.279 2027 yearly 1980 - 2027
Austria (%) 1.527 2028 yearly 1980 - 2028
Azerbaijan (%) 2.572 2028 yearly 1993 - 2028
Bahamas (%) 1.496 2027 yearly 1980 - 2027
Bahrain (%) 2.733 2028 yearly 1980 - 2028
Bangladesh (%) 9.531 2021 yearly 1980 - 2021
Barbados (%) 1.840 2027 yearly 1980 - 2027
Belarus (%) 0.741 2028 yearly 1993 - 2028
Belgium (%) 1.289 2028 yearly 1980 - 2028
Belize (%) 2.012 2027 yearly 1980 - 2027
Benin (%) 5.934 2028 yearly 1980 - 2028
Bhutan (%) 3.625 2028 yearly 1980 - 2028
Bolivia (%) 3.400 2027 yearly 1980 - 2027
Bosnia and Herzegovina (%) 3.000 2028 yearly 1997 - 2028
Botswana (%) 3.957 2028 yearly 1980 - 2028
Brazil (%) 2.015 2028 yearly 1980 - 2028
Brunei (%) 2.112 2027 yearly 1986 - 2027
Bulgaria (%) 2.840 2028 yearly 1980 - 2028
Burkina Faso (%) 5.258 2027 yearly 1980 - 2027
Burundi (%) 4.565 2027 yearly 1980 - 2027
Cambodia (%) 6.500 2027 yearly 1988 - 2027
Cameroon (%) 4.898 2027 yearly 1980 - 2027
Canada (%) 1.662 2028 yearly 1980 - 2028
Cape Verde (%) 4.498 2027 yearly 1980 - 2027
Central African Republic (%) 3.347 2028 yearly 1980 - 2028
Chad (%) 3.508 2027 yearly 1980 - 2027
Chile (%) 2.459 2027 yearly 1980 - 2027
China (%) 3.437 2028 yearly 1980 - 2028
Colombia (%) 3.345 2028 yearly 1980 - 2028
Comoros (%) 4.342 2027 yearly 1980 - 2027
Congo (%) 3.980 2028 yearly 1980 - 2028
Costa Rica (%) 3.243 2027 yearly 1980 - 2027
Croatia (%) 2.800 2028 yearly 1993 - 2028
Cyprus (%) 2.899 2028 yearly 1980 - 2028
Czech Republic (%) 2.501 2027 yearly 1996 - 2027
Democratic Republic of Congo (%) 6.482 2028 yearly 1980 - 2028
Denmark (%) 1.800 2027 yearly 1980 - 2027
Djibouti (%) 5.000 2028 yearly 1992 - 2028
Dominica (%) 2.685 2028 yearly 1980 - 2028
Dominican Republic (%) 4.985 2028 yearly 1980 - 2028
Ecuador (%) 2.751 2028 yearly 1980 - 2028
Egypt (%) 5.984 2028 yearly 1980 - 2028
El Salvador (%) 1.965 2027 yearly 1980 - 2027
Equatorial Guinea (%) -0.981 2027 yearly 1980 - 2027
Eritrea (%) 2.925 2028 yearly 1993 - 2028
Estonia (%) 3.300 2027 yearly 1994 - 2027
Swaziland (%) 2.278 2027 yearly 1980 - 2027
Ethiopia (%) 6.953 2028 yearly 1980 - 2028
Fiji (%) 3.459 2028 yearly 1980 - 2028
Finland (%) 1.624 2028 yearly 1980 - 2028
France (%) 1.450 2028 yearly 1980 - 2028
Gabon (%) 3.809 2027 yearly 1981 - 2027
Gambia (%) 5.000 2027 yearly 1980 - 2027
Georgia (%) 5.198 2028 yearly 1995 - 2028
Germany (%) 1.134 2028 yearly 1980 - 2028
Ghana (%) 6.774 2027 yearly 1980 - 2027
Greece (%) 1.355 2027 yearly 1980 - 2027
Grenada (%) 2.849 2027 yearly 1980 - 2027
Guatemala (%) 3.900 2028 yearly 1980 - 2028
Guinea (%) 5.187 2027 yearly 1980 - 2027
Guinea-Bissau (%) 5.000 2027 yearly 1981 - 2027
Guyana (%) 3.320 2027 yearly 1980 - 2027
Haiti (%) 1.500 2027 yearly 1980 - 2027
Honduras (%) 3.940 2027 yearly 1980 - 2027
Hong Kong SAR, China (%) 2.849 2027 yearly 1980 - 2027
Hungary (%) 3.150 2027 yearly 1980 - 2027
Iceland (%) 2.379 2028 yearly 1980 - 2028
India (%) 6.042 2029 yearly 1981 - 2029
Indonesia (%) 5.117 2027 yearly 1980 - 2027
Iran (%) 2.047 2029 yearly 1981 - 2029
Iraq (%) 2.625 2027 yearly 1999 - 2027
Ireland (%) 3.010 2027 yearly 1980 - 2027
Israel (%) 3.499 2027 yearly 1980 - 2027
Italy (%) 0.882 2028 yearly 1980 - 2028
Ivory Coast (%) 6.000 2028 yearly 1980 - 2028
Jamaica (%) 1.600 2027 yearly 1980 - 2027
Japan (%) 0.409 2028 yearly 1980 - 2028
Jordan (%) 3.300 2027 yearly 1980 - 2027
Kazakhstan (%) 2.778 2028 yearly 1993 - 2028
Kenya (%) 5.516 2027 yearly 1980 - 2027
Kiribati (%) 1.971 2027 yearly 1980 - 2027
South Korea (%) 2.340 2027 yearly 1980 - 2027
Kosovo (%) 3.800 2028 yearly 2001 - 2028
Kuwait (%) 2.655 2027 yearly 1980 - 2027
Kyrgyzstan (%) 3.977 2028 yearly 1993 - 2028
Laos (%) 4.496 2028 yearly 1980 - 2028
Latvia (%) 3.377 2027 yearly 1993 - 2027
Lebanon (%) -22.000 2020 yearly 1980 - 2020
Lesotho (%) 1.599 2029 yearly 1981 - 2029
Liberia (%) 5.680 2027 yearly 2001 - 2027
Libya (%) 3.588 2027 yearly 1980 - 2027

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Taiwan Key Series

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Includes 246 key indicators for Taiwan, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 1.2 2021 yearly 1981 - 2021
Consolidated Fiscal Balance (USD mn) 9,230.213 2021 yearly 1983 - 2021
Tax Revenue (USD mn) 6,869.476 Jan 2024 monthly Oct 1983 - Jan 2024
Tax Revenue: % of GDP (%) 10.3 Dec 2023 quarterly Mar 1975 - Dec 2023
National Government Debt (USD mn) 218,997.1 2022 yearly 1996 - 2022
Government Debt: % of GDP (%) 29.7 2022 yearly 1996 - 2022
Forecast: Government Expenditure (NTD bn) 5,166.260 2028 yearly 1980 - 2028
Forecast: Government Net Debt (NTD bn) 3,573.850 2028 yearly 1997 - 2028
Forecast: Government Revenue (NTD bn) 5,159.680 2028 yearly 1980 - 2028
General Government Revenue (NTD mn) 4,489,271.000 2018 yearly 1981 - 2018
General Government Revenue: Taxes on Production and Imports (NTD mn) 1,119,106.000 2018 yearly 1981 - 2018
General Government Expenditure (NTD mn) 4,373,926.000 2018 yearly 1981 - 2018
General Government Savings (NTD mn) 115,345.000 2018 yearly 1981 - 2018
General Govt Net Rev: Current: Taxes: Direct (NTD mn) 2,213,869.644 2022 yearly 1974 - 2022
General Govt Net Rev: Current: Taxes: Indirect (NTD mn) 1,034,007.512 2022 yearly 1974 - 2022
General Government Net Expenditure: Current (NTD mn) 3,077,042.000 2022 yearly 1974 - 2022
General Govt Financing: Net Borrowing (NTD mn) -22,968.000 2022 yearly 1974 - 2022
General Government Net Expenditure: Capital (NTD mn) 575,247.000 2022 yearly 1974 - 2022
Govt Debt: Outstanding: Non Self-Redeeming Debt Maturity >=1 Yr (NS) (NTD mn) 6,729,782.000 2022 yearly 1996 - 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.474 2028 yearly 1980 - 2028
Trade Balance (USD mn) 2,895.6 Jan 2024 monthly Jan 2008 - Jan 2024
Total Exports (USD mn) 36,737.2 Jan 2024 monthly Jan 2008 - Jan 2024
Total Exports Growth (%) 1.6 Jan 2024 monthly Jan 2009 - Jan 2024
Aluminum: Exports (USD th) 1,305,456.025 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 564,813.385 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 271,952.564 2022 yearly 1995 - 2022
Total Imports (USD mn) 33,841.6 Jan 2024 monthly Jan 2008 - Jan 2024
Total Imports Growth (%) 2.3 Jan 2024 monthly Jan 2009 - Jan 2024
Imports: Medicament (USD th) 11,058,516.684 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 3,465,170.025 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 8,397.230 Jan 2024 monthly Jan 1998 - Jan 2024
Total Imports from USA (USD mn) 6,039.088 Jan 2024 monthly Jan 1986 - Jan 2024
Total Exports to China (USD mn) 6,077.197 Feb 2024 monthly Jan 1998 - Feb 2024
Total Imports from China (USD mn) 3,801.044 Feb 2024 monthly Jul 1991 - Feb 2024
Trade Balance: Custom Clearance: Include Re Export & Re Import (NTD mn) 77,553.190 Jan 2024 monthly Jan 1981 - Jan 2024
Trade Balance: Custom Clearance: USD: Seasonally Adjusted (USD mn) 2,895.614 Jan 2024 monthly Jan 2008 - Jan 2024
Net Terms of Trade: Reference Year=2016: Chain Linked (2016=100) 92.93 Jun 2018 monthly Jan 2011 - Jun 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 10,002.0 Dec 2023 quarterly Mar 1981 - Dec 2023
Current Account Balance (USD mn) 34,839.0 Dec 2023 quarterly Mar 1974 - Dec 2023
Current Account Balance: % of GDP (%) 17.6 Dec 2023 quarterly Mar 1974 - Dec 2023
Foreign Direct Investment (USD mn) 936.0 Dec 2023 quarterly Mar 1981 - Dec 2023
Foreign Direct Investment: % of GDP (%) 0.5 Dec 2023 quarterly Mar 1981 - Dec 2023
Foreign Portfolio Investment (USD mn) 12,270.000 Dec 2023 quarterly Mar 1981 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 6.2 Dec 2023 quarterly Mar 1981 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 11,827.0 Dec 2023 quarterly Mar 1981 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 443.000 Dec 2023 quarterly Mar 1981 - Dec 2023
External Debt (USD mn) 206,499.0 Dec 2023 quarterly Jun 1999 - Dec 2023
External Debt: % of GDP (%) 27.3 2023 yearly 1999 - 2023
External Debt: Short Term (USD mn) 191,155.0 Dec 2023 quarterly Jun 1999 - Dec 2023
External Debt: Short Term: % of GDP (%) 25.3 2023 yearly 1999 - 2023
Total Debt: % of GDP (%) 882.1 2022 yearly 2000 - 2022
Forecast: Current Account Balance (USD bn) 104.738 2028 yearly 1984 - 2028
Net International Investment Position (USD mn) 1,716,029.000 2022 yearly 2000 - 2022
BoP: CU: GS: Goods: Debit (USD mn) 69,326.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: CU: GS: Services (SV) (USD mn) -1,626.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: Current Account (CU) (USD mn) 34,839.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: CU: PI: Debit (USD mn) 8,425.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: CU: GS: SV: Debit (USD mn) 16,730.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: CU: PI: Credit (USD mn) 15,376.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: CU: GS: Goods: Credit (USD mn) 100,159.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: FA: DI: Net Incurrence of Liabilities (NI) (USD mn) 936.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: FA: DI: Net Acquisition of Financial Assets (NA) (USD mn) 10,002.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: FA: Other Investment (OI) (USD mn) 23,475.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: CU: Primary Income (PI) (USD mn) 6,951.000 Dec 2023 quarterly Mar 1984 - Dec 2023
Bop: CU: Secondary Income: Credit (USD mn) 2,094.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: FA: Direct Investment (DI) (USD mn) 9,066.000 Dec 2023 quarterly Mar 1984 - Dec 2023
Bop: CU: Secondary Income: Debit (USD mn) 3,413.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: Net Errors and Omissions (USD mn) -2,960.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: FA: OI: Net Incurrence of Liabilities (NI) (USD mn) -6,259.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: FA: Portfolio Investment (PI) (USD mn) -3,723.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: FA: Reserve Assets (USD mn) 3,390.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: CU: GS: SV: Credit (USD mn) 15,104.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: CU: GS: Goods (USD mn) 30,833.000 Dec 2023 quarterly Mar 1984 - Dec 2023
Bop: CU: Secondary Income (USD mn) -1,319.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: FA: PI: Net Acquisition of Financial Assets (NA) (USD mn) 8,547.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: FA: PI: Net Incurrence of Liabilities (NI) (USD mn) 12,270.000 Dec 2023 quarterly Mar 1984 - Dec 2023
BoP: FA: OI: Net Acquisition of Financial Assets (NA) (USD mn) 17,216.000 Dec 2023 quarterly Mar 1984 - Dec 2023
International Investment Position (IIP): Assets (USD mn) 2,706,802.000 2022 yearly 2000 - 2022
IIP: Net (USD mn) 1,716,029.000 2022 yearly 2000 - 2022
IIP: Liabilities (Liab) (USD mn) 990,773.000 2022 yearly 2000 - 2022
Cross-Strait Finance: All Banks: Inward Remittance (USD mn) 32,132.000 Dec 2023 monthly Jan 2005 - Dec 2023
Cross-Strait Finance: All Banks: Outward Remittance (USD mn) 42,869.000 Dec 2023 monthly Jan 2005 - Dec 2023
Approved Foreign Investment: China (USD mn) 0.306 May 2023 monthly Jul 2009 - May 2023
AFI: Finance and Insurance (USD mn) 553.812 Jan 2024 monthly Jan 2006 - Jan 2024
AFI: Manufacturing (Mfg) (USD mn) 41.551 Jan 2024 monthly Jan 2006 - Jan 2024
AFI: Real Estate (USD mn) 22.723 Jan 2024 monthly Jan 2006 - Jan 2024
AFI: Wholesale & Retail Trade (USD mn) 33.209 Jan 2024 monthly Jan 2006 - Jan 2024
AFI: Information & Communication (USD mn) 8.611 Jan 2024 monthly Jan 2006 - Jan 2024
App Outward Investment: China: IN: Incl Supplementary Application (USD mn) 95.611 Jan 2024 monthly Jul 2002 - Jan 2024
No of Company: Newly Registered (NR): Total (Unit) 4,056.000 Jan 2024 monthly Jan 2002 - Jan 2024
No of Company: Registered (RG): Total (Unit) 773,211.000 Jan 2024 monthly Dec 2001 - Jan 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.1 Dec 2023 monthly Jan 2004 - Dec 2023
Household Debt: % of GDP (%) 88.7 2022 yearly 2000 - 2022
Non-Performing Loans (USD mn) 1,809.275 Dec 2023 monthly Jan 2004 - Dec 2023
Money Supply M1 (USD mn) 350,283.312 Dec 2023 monthly Jan 1992 - Dec 2023
Money Supply M2 (USD mn) 1,959,467.657 Jan 2024 monthly Jan 1992 - Jan 2024
M2 Growth (%) 5.8 Jan 2024 monthly Jan 1993 - Jan 2024
Reserve Requirement Ratio (%) 4.5 Feb 2024 monthly Dec 1988 - Feb 2024
Foreign Exchange Reserves (USD mn) 569,422.0 Feb 2024 monthly Mar 1969 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 4.500 Feb 2024 monthly Dec 1988 - Feb 2024
Foreign Exchange Reserves: Months of Import (NA) 16.5 Jan 2024 monthly Jan 1981 - Jan 2024
Gold Reserves (USD mn) 4,919.800 Jan 2024 monthly Jun 1998 - Jan 2024
Total Deposits (USD mn) 1,564,023.841 Jan 2024 monthly May 1987 - Jan 2024
Total Deposits Growth (%) 6.2 Jan 2024 monthly May 1988 - Jan 2024
Domestic Credit (USD mn) 1,497,139.7 Jan 2024 monthly Oct 1983 - Jan 2024
Domestic Credit Growth (%) 6.9 Jan 2024 monthly Jul 1962 - Jan 2024
Household Debt (USD mn) 674,808.7 2022 yearly 2000 - 2022
Total Loans (USD mn) 1,143,399.361 Jan 2024 monthly Jan 1997 - Jan 2024
Total Loans Growth (%) 5.23 Jan 2024 monthly Jan 1998 - Jan 2024
Private Debt: % of Nominal GDP (%) 141.48 Dec 2023 quarterly Mar 1997 - Dec 2023
Money Supply M1A: Monthly Average: sa (NTD mn) 10,807,268.000 Jan 2024 monthly Jan 1992 - Jan 2024
Money Supply M1B: Monthly Average: sa (NTD mn) 27,080,071.000 Jan 2024 monthly Jan 1992 - Jan 2024
Money Supply M2: Monthly Average (NTD mn) 61,080,247.000 Jan 2024 monthly Jan 1982 - Jan 2024
Money Supply M2: Monthly Average: sa (NTD mn) 61,311,743.000 Jan 2024 monthly Jan 1992 - Jan 2024
Deposits: All Banks: EI: Private Enterprises (NTD mn) 9,560,447.00 May 2018 monthly Jan 1997 - May 2018
Deposits: All Banks: Total (NTD mn) 33,707,077.00 May 2018 monthly Jan 1997 - May 2018
Deposits: All Banks: EI: Individuals and Others (NTD mn) 23,230,475.00 May 2018 monthly Jan 1997 - May 2018
L&D: All Banks: PG: Private Enterprises (NTD mn) 10,921,290.00 May 2018 monthly Jan 1997 - May 2018
Loans & Discounts (L&D): All Banks: Total (NTD mn) 24,989,912.00 May 2018 monthly Jan 1997 - May 2018
Consumer Loans: Outstanding: Domestic Bk, Foreign Bk, Med Bus Bk(DB) (NTD mn) 8,093,874.00 Jun 2018 monthly Jul 1988 - Jun 2018
Consumer Loans: Outstanding: DB: House Purchasing (NTD mn) 6,784,321.00 Jun 2018 monthly Jul 1988 - Jun 2018
Past Due Loan: Total (NTD mn) 76,400.00 May 2018 monthly Jan 2004 - May 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -3.2 Mar 2018 monthly May 2013 - Mar 2018
Lagging Composite Index: sa (NA) 91.187 Jan 2024 monthly Jan 1982 - Jan 2024
Coincident Composite Index: sa (NA) 89.266 Jan 2024 monthly Jan 1982 - Jan 2024
Leading Composite Index: sa (NA) 90.500 Jan 2024 monthly Jan 1982 - Jan 2024
TIER: Manufacturing Industry Sentiment Index (2006=100) 98.050 Jan 2024 monthly Sep 2007 - Jan 2024
TIER: Construction Industry Sentiment Index (2006=100) 106.490 Jan 2024 monthly Apr 2010 - Jan 2024
TIER: Service Industry Sentiment Index (2006=100) 93.970 Jan 2024 monthly Dec 2008 - Jan 2024
Purchasing Manager Index (PMI): Manufacturing: sa (%) 58.30 Jun 2018 monthly Jul 2012 - Jun 2018

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