Taiwan’s gross domestic product per capita is set to increase by 9.64 percent this year to US$45,610, according to the Directorate-General of Budget, Accounting and Statistics.
In its latest forecast released May 29, the DGBAS said Taiwan’s GDP grew 14.55 percent in the first quarter of the year. Based on this positive development, the agency revised the annual growth rate upward by 1.93 percentage points to its highest in 16 years. The agency also revised the 2025 GDP per capita growth estimate upward to 8.76 percent to US$39,515.
According to the DGBAS, Taiwan’s commodity exports in U.S. dollars surged 51.1 percent year over year in the first quarter of 2026, as booming development of artificial intelligence, high-performance computation and cloud infrastructure continued to push up global demand for the country’s electronics and information and communications technology products.
On the home front, the DGBAS said domestic consumption recorded an impressive gain of 4.74 percent as a result of the universal cash handout of NT$10,000 (US$318.63) per person late last year and the persistent bullish stock market performance, adding that government spending and capital formation also fared well in comparison.
Despite the global economy’s modest projected growth track this year, uncertainties in the Middle East and the impact of the U.S. Supreme Court’s tariff ruling, the DGBAS said Taiwan will maintain its growth momentum this year, with the consumer price index increase capped at 1.93 percent. (SFC-E)
Write to Taiwan Today at ttonline@mofa.gov.tw
In its latest forecast released May 29, the DGBAS said Taiwan’s GDP grew 14.55 percent in the first quarter of the year. Based on this positive development, the agency revised the annual growth rate upward by 1.93 percentage points to its highest in 16 years. The agency also revised the 2025 GDP per capita growth estimate upward to 8.76 percent to US$39,515.
According to the DGBAS, Taiwan’s commodity exports in U.S. dollars surged 51.1 percent year over year in the first quarter of 2026, as booming development of artificial intelligence, high-performance computation and cloud infrastructure continued to push up global demand for the country’s electronics and information and communications technology products.
On the home front, the DGBAS said domestic consumption recorded an impressive gain of 4.74 percent as a result of the universal cash handout of NT$10,000 (US$318.63) per person late last year and the persistent bullish stock market performance, adding that government spending and capital formation also fared well in comparison.
Despite the global economy’s modest projected growth track this year, uncertainties in the Middle East and the impact of the U.S. Supreme Court’s tariff ruling, the DGBAS said Taiwan will maintain its growth momentum this year, with the consumer price index increase capped at 1.93 percent. (SFC-E)
Write to Taiwan Today at ttonline@mofa.gov.tw
from Taiwan Today – Top News