Taiwan Forecast: Real GDP Growth

1980 - 2029 | Yearly | % | International Monetary Fund

Key information about Taiwan Forecast: Real GDP Growth

  • Taiwan Real GDP Growth is forecasted to be 3.734 % in Dec 2024 as reported by International Monetary Fund.
  • It records a decrease from the last reported number of 1.279 % in Dec 2023.
  • Looking ahead, Taiwan Real GDP Growth is projected to stand at 2.148 % in Dec 2029.
  • 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 2029 in the chart:

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Taiwan Forecast: Real GDP Growth
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Taiwan Forecast: Real GDP Growth

What is Taiwan's Forecast: Real GDP Growth in 2029?

Taiwan Real GDP Growth is forecasted to be 3.734 % in Dec 2024 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.148 2029 2.506 2028 -1.613 2009 12.751 1987 % yearly 1980 - 2029

Forecast: Real GDP Growth by Country Comparison

country/region Last Frequency Range
Afghanistan (%) 2.711 2023 yearly 2003 - 2023
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 (%) 1.400 2029 yearly 1987 - 2029
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 (%) 7.157 2029 yearly 1980 - 2029
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 (%) 1.643 2029 yearly 1980 - 2029
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 (%) 2.983 2029 yearly 1980 - 2029
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 (%) 1.519 2029 yearly 1980 - 2029
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 (%) 2.432 2029 yearly 1980 - 2029
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 2029 yearly 2001 - 2029
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 (%) 2.145 2030 yearly 1981 - 2030
Liberia (%) 5.680 2027 yearly 2001 - 2027
Libya (%) 3.588 2027 yearly 1980 - 2027

Taiwan Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.7 2023 yearly 1981 - 2023
Consolidated Fiscal Balance (USD mn) 20,719.794 2023 yearly 1984 - 2023
Tax Revenue (USD mn) 3,003.666 Feb 2025 monthly Oct 1983 - Feb 2025
Tax Revenue: % of GDP (%) 11.8 Dec 2024 quarterly Mar 1975 - Dec 2024
National Government Debt (USD mn) 223,824.2 2023 yearly 1996 - 2023
Government Debt: % of GDP (%) 29.0 2023 yearly 1996 - 2023
Forecast: Government Expenditure (NTD bn) 5,932.852 2029 yearly 1980 - 2029
Forecast: Government Net Debt (NTD bn) 5,303.438 2029 yearly 1997 - 2029
Forecast: Government Revenue (NTD bn) 5,591.601 2029 yearly 1980 - 2029
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 Financing: Net Borrowing (NTD mn) 117,371.000 2023 yearly 1974 - 2023
General Government Net Expenditure: Capital (NTD mn) 759,309.000 2023 yearly 1974 - 2023
General Government Net Expenditure: Current (NTD mn) 3,275,399.000 2023 yearly 1974 - 2023
General Govt Net Rev: Current: Taxes: Indirect (NTD mn) 1,080,661.145 2023 yearly 1974 - 2023
General Govt Net Rev: Current: Taxes: Direct (NTD mn) 2,375,496.772 2023 yearly 1974 - 2023
Govt Debt: Outstanding: Non Self-Redeeming Debt Maturity >=1 Yr (NS) (NTD mn) 6,853,497.000 2023 yearly 1996 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.724 2029 yearly 1980 - 2029
Trade Balance (USD mn) 6,543.6 Feb 2025 monthly Jan 2008 - Feb 2025
Total Exports (USD mn) 44,325.4 Feb 2025 monthly Jan 2008 - Feb 2025
Total Exports Growth (%) 18.4 Feb 2025 monthly Jan 2009 - Feb 2025
Aluminum: Exports (USD th) 879,417.551 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 561,819.211 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 293,816.286 2023 yearly 1995 - 2023
Total Imports (USD mn) 37,781.7 Feb 2025 monthly Jan 2008 - Feb 2025
Total Imports Growth (%) 30.6 Feb 2025 monthly Jan 2009 - Feb 2025
Imports: Medicament (USD th) 3,510,864.177 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 2,433,231.029 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 11,772.944 Feb 2025 monthly Jan 1988 - Feb 2025
Total Imports from USA (USD mn) 3,746.127 Feb 2025 monthly Jan 1986 - Feb 2025
Total Exports to China (USD mn) 6,956.076 Feb 2025 monthly Aug 1992 - Feb 2025
Total Imports from China (USD mn) 5,843.126 Feb 2025 monthly Jul 1991 - Feb 2025
Trade Balance: Custom Clearance: Include Re Export & Re Import (NTD mn) 214,694.065 Feb 2025 monthly Jan 1981 - Feb 2025
Trade Balance: Custom Clearance: USD: Seasonally Adjusted (USD mn) 6,543.617 Feb 2025 monthly Jan 2008 - Feb 2025
Export: Include Re Export: Singapore (NTD mn) 95,932.000 Feb 2025 monthly Jan 1988 - Feb 2025
Import: Include Re Import: Saudi Arabia (NTD mn) 25,007.000 Feb 2025 monthly Jan 1988 - Feb 2025
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) 7,032.0 Dec 2024 quarterly Mar 1981 - Dec 2024
Current Account Balance (USD mn) 34,397.0 Dec 2024 quarterly Mar 1974 - Dec 2024
Current Account Balance: % of GDP (%) 16.4 Dec 2024 quarterly Mar 1974 - Dec 2024
Foreign Direct Investment (USD mn) 2,855.0 Dec 2024 quarterly Mar 1981 - Dec 2024
Foreign Direct Investment: % of GDP (%) 1.4 Dec 2024 quarterly Mar 1981 - Dec 2024
Foreign Portfolio Investment (USD mn) -6,598.000 Dec 2024 quarterly Mar 1981 - Dec 2024
Foreign Portfolio Investment: % of GDP (%) -3.2 Dec 2024 quarterly Mar 1981 - Dec 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -7,119.0 Dec 2024 quarterly Mar 1981 - Dec 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 521.000 Dec 2024 quarterly Mar 1981 - Dec 2024
External Debt (USD mn) 219,947.0 Dec 2024 quarterly Jun 1999 - Dec 2024
External Debt: % of GDP (%) 27.6 2024 yearly 1999 - 2024
External Debt: Short Term (USD mn) 200,780.0 Dec 2024 quarterly Jun 1999 - Dec 2024
External Debt: Short Term: % of GDP (%) 25.2 2024 yearly 1999 - 2024
Total Debt: % of GDP (%) 889.1 2023 yearly 2000 - 2023
Forecast: Current Account Balance (USD bn) 170.549 2029 yearly 1984 - 2029
Net International Investment Position (USD mn) 1,735,302.000 2023 yearly 2000 - 2023
BoP: FA: Reserve Assets (USD mn) 4,138.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: Net Errors and Omissions (USD mn) 441.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: Current Account (CU) (USD mn) 34,397.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: CU: GS: Goods: Credit (USD mn) 109,794.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: CU: GS: Goods: Debit (USD mn) 83,473.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: CU: Primary Income (PI) (USD mn) 11,454.000 Dec 2024 quarterly Mar 1984 - Dec 2024
Bop: CU: Secondary Income (USD mn) -1,388.000 Dec 2024 quarterly Mar 1984 - Dec 2024
Bop: CU: Secondary Income: Credit (USD mn) 2,261.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: CU: GS: SV: Debit (USD mn) 17,953.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: CU: GS: Services (SV) (USD mn) -1,990.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: CU: GS: SV: Credit (USD mn) 15,963.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: CU: PI: Debit (USD mn) 6,800.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: CU: PI: Credit (USD mn) 18,254.000 Dec 2024 quarterly Mar 1984 - Dec 2024
Bop: CU: Secondary Income: Debit (USD mn) 3,649.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: CU: GS: Goods (USD mn) 26,321.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: FA: DI: Net Incurrence of Liabilities (NI) (USD mn) 2,855.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: FA: Direct Investment (DI) (USD mn) 4,177.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: FA: PI: Net Incurrence of Liabilities (NI) (USD mn) -6,598.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: FA: OI: Net Acquisition of Financial Assets (NA) (USD mn) 7,199.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: FA: Other Investment (OI) (USD mn) 1,020.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: FA: OI: Net Incurrence of Liabilities (NI) (USD mn) 6,179.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: FA: DI: Net Acquisition of Financial Assets (NA) (USD mn) 7,032.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: FA: PI: Net Acquisition of Financial Assets (NA) (USD mn) 18,475.000 Dec 2024 quarterly Mar 1984 - Dec 2024
BoP: FA: Portfolio Investment (PI) (USD mn) 25,073.000 Dec 2024 quarterly Mar 1984 - Dec 2024
IIP: Liabilities (Liab) (USD mn) 1,174,265.000 2023 yearly 2000 - 2023
IIP: Net (USD mn) 1,735,302.000 2023 yearly 2000 - 2023
International Investment Position (IIP): Assets (USD mn) 2,909,567.000 2023 yearly 2000 - 2023
Cross-Strait Finance: All Banks: Inward Remittance (USD mn) 35,672.000 Dec 2024 monthly Jan 2005 - Dec 2024
Cross-Strait Finance: All Banks: Outward Remittance (USD mn) 52,823.000 Dec 2024 monthly Jan 2005 - Dec 2024
Approved Foreign Investment: China (USD mn) 0.306 May 2023 monthly Jul 2009 - May 2023
AFI: Wholesale & Retail Trade (USD mn) 51.452 Jan 2025 monthly Jan 2006 - Jan 2025
AFI: Finance and Insurance (USD mn) 970.246 Jan 2025 monthly Jan 2006 - Jan 2025
AFI: Information & Communication (USD mn) 19.542 Jan 2025 monthly Jan 2006 - Jan 2025
AFI: Real Estate (USD mn) 0.366 Jan 2025 monthly Jan 2006 - Jan 2025
AFI: Manufacturing (Mfg) (USD mn) 37.964 Jan 2025 monthly Jan 2006 - Jan 2025
App Outward Investment: China: IN: Incl Supplementary Application (USD mn) 91.417 Jan 2025 monthly Jul 2002 - Jan 2025
No of Company: Registered (RG): Total (Unit) 792,285.000 Jan 2025 monthly Dec 2001 - Jan 2025
No of Company: Newly Registered (NR): Total (Unit) 2,866.000 Jan 2025 monthly Jan 2002 - Jan 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.1 Dec 2024 monthly Jan 2004 - Dec 2024
Household Debt: % of GDP (%) 95.6 2023 yearly 2000 - 2023
Non-Performing Loans (USD mn) 1,890.820 Dec 2024 monthly Jan 2004 - Dec 2024
Money Supply M1 (USD mn) 349,744.049 Jan 2025 monthly Jan 1992 - Jan 2025
Money Supply M2 (USD mn) 1,959,783.440 Jan 2025 monthly Jan 1992 - Jan 2025
M2 Growth (%) 5.3 Jan 2025 monthly Jan 1993 - Jan 2025
Reserve Requirement Ratio (%) 5.0 Feb 2025 monthly Dec 1988 - Feb 2025
Foreign Exchange Reserves (USD mn) 577,584.0 Feb 2025 monthly Mar 1969 - Feb 2025
Foreign Exchange Reserves: % of GDP (%) 5.000 Feb 2025 monthly Dec 1988 - Feb 2025
Foreign Exchange Reserves: Months of Import (NA) 16.6 Feb 2025 monthly Jan 1981 - Feb 2025
Gold Reserves (USD mn) 4,738.300 Jan 2025 monthly Jun 1998 - Jan 2025
Total Deposits (USD mn) 1,576,096.682 Jan 2025 monthly May 1987 - Jan 2025
Total Deposits Growth (%) 5.8 Jan 2025 monthly May 1988 - Jan 2025
Domestic Credit (USD mn) 1,542,748.9 Jan 2025 monthly Oct 1983 - Jan 2025
Domestic Credit Growth (%) 8.2 Jan 2025 monthly Jul 1962 - Jan 2025
Household Debt (USD mn) 723,609.9 2023 yearly 2000 - 2023
Total Loans (USD mn) 1,195,626.636 Jan 2025 monthly Jan 1997 - Jan 2025
Total Loans Growth (%) 9.79 Jan 2025 monthly Jan 1998 - Jan 2025
Private Debt: % of Nominal GDP (%) 143.21 Dec 2024 quarterly Mar 1997 - Dec 2024
Money Supply M1A: Monthly Average: sa (NTD mn) 11,489,092.000 Jan 2025 monthly Jan 1992 - Jan 2025
Money Supply M1B: Monthly Average: sa (NTD mn) 27,741,339.000 Jan 2025 monthly Jan 1992 - Jan 2025
Money Supply M2: Monthly Average (NTD mn) 64,458,727.000 Jan 2025 monthly Jan 1982 - Jan 2025
Money Supply M2: Monthly Average: sa (NTD mn) 64,378,886.000 Jan 2025 monthly Jan 1992 - Jan 2025
Deposits: All Banks: Total (NTD mn) 33,707,077.00 May 2018 monthly Jan 1997 - May 2018
Deposits: All Banks: EI: Private Enterprises (NTD mn) 9,560,447.00 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
Loans & Discounts (L&D): All Banks: Total (NTD mn) 24,989,912.00 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
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) 92.073 Jan 2025 monthly Jan 1982 - Jan 2025
Coincident Composite Index: sa (NA) 98.892 Jan 2025 monthly Jan 1982 - Jan 2025
Leading Composite Index: sa (NA) 97.582 Jan 2025 monthly Jan 1982 - Jan 2025
TIER: Construction Industry Sentiment Index (2006=100) 101.820 Jan 2025 monthly Apr 2010 - Jan 2025
TIER: Manufacturing Industry Sentiment Index (2006=100) 98.000 Jan 2025 monthly Sep 2007 - Jan 2025
TIER: Service Industry Sentiment Index (2006=100) 96.230 Jan 2025 monthly Dec 2008 - Jan 2025
Purchasing Manager Index (PMI): Manufacturing: sa (%) 58.30 Jun 2018 monthly Jul 2012 - Jun 2018

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