USDTWD.ai Taiwan Macro Atlas

Taiwan Export Growth vs GDP Growth, 2024

Real exports grew 8.9% in 2024, compared with 4.6% real GDP growth.

What the Data Shows

This statistic isolates how strongly exports pulled Taiwan’s 2024 economy. Real exports of goods and services rose 8.9%, while real GDP grew 4.6%, leaving a 4.3 percentage-point gap. The view is a single-year benchmark, not a full cycle chart, so it should be read as an official growth snapshot.

Data table

Real exports 8.9% 2024 annual growth
Real GDP 4.6%
Growth gap +4.3pp
Real exports 8.9% goods & services
Real GDP 4.6% DGBAS 2024
Growth gap +4.3pp exports faster

Sources

Source 1: GDP: Preliminary Estimate for 2024Q4, and Outlook for 2025

Publisher: National Statistics, R.O.C. (Taiwan)

Dataset/table: Demand-side growth rates

Units: percent

Date checked: 2026-05-12

Evidence: DGBAS states that for the whole 2024, real GDP grew 4.59% and real exports of goods and services grew 8.90%.

Note: DGBAS states that for the whole 2024, real GDP grew 4.59% and real exports of goods and services grew 8.90%.

Source 2: Statistical Tables

Publisher: National Statistics, R.O.C. (Taiwan)

Dataset/table: National accounts tables

Units: various

Date checked: 2026-05-12

Evidence: The statistical tables page is the correct official path for extracting the full annual time series.

Note: The statistical tables page is the correct official path for extracting the full annual time series.

Source 3: Annual External Trade Report in 2024

Publisher: Ministry of Finance, R.O.C. (Taiwan)

Dataset/table: Customs exports totals

Units: US$ million; percent

Date checked: 2026-05-12

Evidence: MOF provides customs-export context that can complement the national-accounts export-growth story.

Note: MOF provides customs-export context that can complement the national-accounts export-growth story.

Data notes & caveats

The graphic uses one-year DGBAS growth values. A fuller 5–7 point annual series would be better for a multi-line trend graphic.

Methodology

The growth gap equals annual real exports of goods and services growth minus annual real GDP growth. Values use DGBAS national-accounts reporting for 2024.

Source consistency notes

Use one DGBAS national-accounts series for both lines. Avoid mixing customs export growth with real GDP growth in the final published graphic.