Taiwan remains optimistic about its economic outlook, with GDP growth projected to exceed 3% in 2025, according to the Directorate-General of Budget, Accounting and Statistics (DGBAS).
2024 Growth Surpasses Expectations
According to DGBAS’s latest update, Taiwan’s real GDP growth (year-on-year, unadjusted) in Q4 2024 is estimated at 1.84%, higher than the November forecast of 1.72%, mainly due to stronger-than-expected private investment.
After seasonal adjustment, the quarter-on-quarter annualized growth rate (SAAR) of real GDP reached 2.04% in Q4 2024. Combined with the previous three quarters (Q1: 6.64%, Q2: 4.89%, Q3: 4.17%), Taiwan’s full-year 2024 growthis projected at 4.30%, slightly above the earlier estimate of 4.27%.
DGBAS noted that this marks the highest annual growth rate since 2021, when Taiwan’s economy expanded by 6.72%.
Positive Economic Outlook for 2025
For 2025, DGBAS projects that Taiwan’s GDP will grow by approximately 3.29%, reflecting steady recovery momentum in both domestic and external demand.
This projection aligns closely with forecasts from leading Taiwanese research institutes:
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Taiwan Institute of Economic Research (TIER): 3.42%
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Chung-Hua Institution for Economic Research (CIER): 3.22%
According to analysts, Taiwan’s growth in 2025 will continue to be supported by robust private investment, export recovery, and strong global demand for semiconductors, AI-related technologies, and high-performance computing products.