Taiwan real GDP growth rate, nominal GDP, GDP PPP, GDP per capita, projected GDP

According to the International Monetary Fund (IMF), real GDP of Taiwan is forecast to grow by 3.3 percent in 2022 and 2.6 percent in 2023.

1) Real GDP growth rate: 2010 – 10.2 percent, 2011 – 3.7 percent, 2012 – 2.2 percent, 2013 – -2.5 percent, 2014 – 4.7 percent, 2015 – 1.5 percent, 2016 – 2.2 percent, 2017 – 3.3 percent, 2018 – 2.8 percent, 2019 – 3.0 percent, 2020 – 3.1 percent and 2021 – 5.9 percent.

Gross domestic product is the market value of all goods and services made in a country in a year. Annual percentages of constant price GDP are year-on-year changes. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.

2) Projected real GDP growth rate: 2022 – 3.3 percent, 2023 – 2.6 percent, 2024 – 2.2 percent, 2025 – 2.1 percent and 2026 – 2.1 percent.

3) Nominal GDP in current prices, billions of New Taiwan dollar (code: TWD; sign: NT): 2010 – NT14,060.345 billion, 2011 – NT14,262.201 billion, 2012 – NT14,677.765 billion, 2013 – NT15,270.728 billion, 2014 – NT16,258.047 billion, 2015 – NT17,055.080 billion, 2016 – NT17,555.268 billion, 2017 – NT17,983.347 billion, 2018 – NT18,375.022 billion, 2019 – NT18,932.525 billion, 2020 – NT19,766.240 billion and 2021 – NT21,967.250 billion.

4) Projected nominal GDP in current prices, billions of New Taiwan dollar: 2022 – NT22,930.560 billion, 2023 – NT23,567.656 billion, 2024 – NT24,311.237 billion, 2025 – NT25,137.730 billion and 2026 – NT26,141.007 billion.

5) Nominal GDP in current prices, billions of U.S. dollars: 2010 – $444.281 billion, 2011 – $483.974 billion, 2012 – $495.610 billion, 2013 – $512.943 billion, 2014 – $535.328 billion, 2015 – $534.515 billion, 2016 – $543.081 billion, 2017 – $590.733 billion, 2018 – $609.198 billion, 2019 – $612.168 billion, 2020 – $668.156 billion and 2021 – $785.589 billion.

Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average).

6) Projected nominal GDP in current prices, billions of U.S. dollars: 2022 – $850.528 billion, 2023 – $899.873 billion, 2024 – $953.314 billion, 2025 – $999.548 billion and 2026 – $1,048.518 billion.

7) GDP PPP (Purchasing power parity) in current prices, billions of international dollars: 2010 – $889.524 billion, 2011 – $941.367 billion, 2012 – $973.232 billion, 2013 – $1,015.239 billion, 2014 – $1,066.102 billion, 2015 – $1,102.036 billion, 2016 – $1,112.781 billion, 2017 – $1,143.224 billion, 2018 – $1,203.154 billion, 2019 – $1,260.982 billion, 2020 – $1,316.031 billion and 2021 – $1,443.411 billion.

GDP PPP = gross domestic product based on purchasing power parity, international dollars. Average consumer price level in the US = 100%.

GDP PPP takes into account differences in the cost of living in different countries. Purchasing power parity means how much money would be needed to buy the same item basket in two different countries. Using a PPP basis is arguably more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates, which may distort the real differences in income.

8) Projected GDP PPP in current prices, billions of international dollars: 2022 – $1,532.716 billion, 2023 – $1,610.213 billion, 2024 – $1,683.841 billion, 2025 – $1,756.183 billion and 2026 – $1,829.837 billion.

9) Nominal GDP per capita in current prices, U.S. dollars: 2010 – $19,181.4, 2011 – $20,838.6, 2012 – $21,256.4, 2013 – $21,945.5, 2014 – $22,844.3, 2015 – $22,753.0, 2016 – $23,070.7, 2017 – $25,061.6, 2018 – $25,825.6, 2019 – $25,935.9, 2020 – $28,358.3 and 2021 – $33,401.7.

GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

10) Projected nominal GDP per capita in current prices, U.S. dollars: 2022 – $36,227.1, 2023 – $38,397.0, 2024 – $40,749.6, 2025 – $42,801.8 and 2026 – $44,978.6.

11) GDP PPP per capita in current prices, international dollars: 2010 – $38,404.3, 2011 – $40,532.6, 2012 – $41,741.3, 2013 – $43,435.5, 2014 – $45,494.3, 2015 – $46,911.0, 2016 – $47,272.3, 2017 – $48,500.8, 2018 – $51,005.0, 2019 – $53,424.4, 2020 – $55,855.8 and 2021 – $61,371.0.

Expressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population.

12) Projected GDP PPP per capita in current prices, international dollars: 2022 – $65,283.9, 2023 – $68,706.7, 2024 – $71,976.1, 2025 – $75,201.8 and 2026 – $78,495.1.

13) GDP based on purchasing-power-parity (PPP) share of world total, percent: 2010 – 1.0 percent, 2011 – 1.0 percent, 2012 – 1.0 percent, 2013 – 1.0 percent, 2014 – 1.0 percent, 2015 – 1.0 percent, 2016 – 1.0 percent, 2017 – 0.9 percent, 2018 – 0.9 percent, 2019 – 0.9 percent, 2020 – 1.0 percent and 2021 – 1.0 percent.

Expressed in percent of world GDP in PPP dollars.

14) Projected GDP based on purchasing-power-parity (PPP) share of world total, percent: 2022 – 1.0 percent, 2023 – 1.0 percent, 2024 – 1.0 percent, 2025 – 1.0 percent and 2026 – 0.9 percent.

15) Deflator of Gross domestic product (index to the previous year), percent: 2010 – 98.7 percent, 2011 – 97.8 percent, 2012 – 100.7 percent, 2013 – 101.5 percent, 2014 – 101.7 percent, 2015 – 103.4 percent, 2016 – 100.8 percent, 2017 – 99.2 percent, 2018 – 99.4 percent, 2019 – 100.1 percent, 2020 – 101.2 percent and 2021 – 105.0 percent.

The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation.

16) Projected deflator of Gross domestic product (index to the previous year), percent: 2022 – 101.0 percent, 2023 – 100.2 percent, 2024 – 100.9 percent, 2025 – 101.3 percent and 2026 – 101.9 percent.

17) Ratio of the average price level in Taiwan to the average price level in the United States, percent: 2010 – 49.9 percent, 2011 – 51.4 percent, 2012 – 50.9 percent, 2013 – 50.5 percent, 2014 – 50.2 percent, 2015 – 48.5 percent, 2016 – 48.8 percent, 2017 – 51.7 percent, 2018 – 50.6 percent, 2019 – 48.5 percent, 2020 – 50.8 percent and 2021 – 54.4 percent.

18) Projected ratio of the average price level in Taiwan to the average price level in the United States, percent: 2022 – 55.5 percent, 2023 – 55.9 percent, 2024 – 56.6 percent, 2025 – 56.9 percent and 2026 – 57.3 percent.

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Ranking of countries by GDP PPP in 1980-2025

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Ranking of countries by GDP PPP per capita in 1980-2025

Tags: English, GDP, GDP PPP, projected GDP, IMF

Source: BusinessForecast.by

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