World Factbook

Taiwan

Last updated: 2026-03-28 (today)

Budget

revenues

$94.943 billion (2019 est.)

expenditures

$105.833 billion (2019 est.)

Exports

note

note: figures complied according to the General Trade System - exports of goods and services in current dollars

Exports 2021

$446.371 billion (2021 est.)

Exports 2022

$479.415 billion (2022 est.)

Exports 2023

$432.432 billion (2023 est.)

Imports

note

note: figures complied according to the General Trade System - imports of goods and services in current dollars

Imports 2021

$381.958 billion (2021 est.)

Imports 2022

$428.083 billion (2022 est.)

Imports 2023

$351.441 billion (2023 est.)

Industries

electronics, communications and information technology products, petroleum refining, chemicals, textiles, iron and steel, machinery, cement, food processing, vehicles, consumer products, pharmaceuticals

Public debt

note

note: data for central government

Public debt 2017

35.7% of GDP (2017 est.)

Exchange rates

Currency

New Taiwan dollars (TWD) per US dollar -

Exchange rates 2020

28.211 (2020 est.)

Exchange rates 2021

28.022 (2021 est.)

Exchange rates 2022

29.777 (2022 est.)

Exchange rates 2023

31.15 (2023 est.)

Exchange rates 2024

32.108 (2024 est.)

Economic overview

high-income East Asian economy; most technologically advanced computer microchip manufacturing; increasing Chinese interference threatens market capabilities; minimum wages rising; longstanding regional socioeconomic inequality

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

3.7% (2022 est.)

Unemployment rate 2023

3.5% (2023 est.)

Unemployment rate 2024

3.4% (2024 est.)

Exports - partners

China 20%, USA 17%, Hong Kong 13%, Singapore 9%, Japan 7% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

China 21%, Japan 13%, USA 11%, S. Korea 9%, Australia 5% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data are in current dollars

Real GDP per capita 2021

$32,900 (2021 est.)

Real GDP per capita 2022

$32,600 (2022 est.)

Real GDP per capita 2023

$32,300 (2023 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2021

6.62% (2021 est.)

Real GDP growth rate 2022

2.59% (2022 est.)

Real GDP growth rate 2023

1.28% (2023 est.)

Agricultural products

rice, vegetables, pork, chicken, cabbages, milk, sugarcane, tropical fruits, pineapples, eggs (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

integrated circuits, machine parts, broadcasting equipment, computers, plastics (2023)

note: top five export commodities based on value in dollars

Imports - commodities

integrated circuits, crude petroleum, machinery, natural gas, coal (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2021

$118.298 billion (2021 est.)

Current account balance 2022

$101.032 billion (2022 est.)

Current account balance 2023

$105.076 billion (2023 est.)

GDP (official exchange rate)

$611.391 billion (2023 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

household consumption

48.3% (2023 est.)

government consumption

13.3% (2023 est.)

investment in inventories

-0.6% (2023 est.)

investment in fixed capital

23.7% (2023 est.)

exports of goods and services

64% (2023 est.)

imports of goods and services

-49.1% (2023 est.)

Average household expenditures

on food

13.8% of household expenditures (2023 est.)

on alcohol and tobacco

2.5% of household expenditures (2023 est.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

2.9% (2022 est.)

Inflation rate (consumer prices) 2023

2.5% (2023 est.)

Inflation rate (consumer prices) 2024

2.2% (2024 est.)

Real GDP (purchasing power parity)

Real GDP (purchasing power parity) 2021

$1.512 trillion (2021 est.)

Real GDP (purchasing power parity) 2022

$1.664 trillion (2022 est.)

Real GDP (purchasing power parity) 2023

$1.743 trillion (2023 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2023

33.9 (2023 est.)