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Taiwan Debt to GDP Ratio

Taiwan's government debt-to-GDP ratio decreased to 19.7% in 2024, down from 21.4% in 2023. This is the lowest level since 1999. The decline is driven by strong exports which grew 34.1% in August and an expected GDP rebound to 3.5% in 2024. The government maintains fiscal discipline, keeping debt within legal limits. Taiwan's record low government debt to GDP was 13.7% in 1999 and record high was 34% in 2012.

Yearly Historical Data (1996-2024)

(in %)
Year Debt to GDP Ratio
2024 19.7%
2023 21.4%
2022 23.1%
2021 24.8%
2020 26.5%
2019 28.2%
2018 29.3%
2017 29.8%
2016 30.4%
2015 31.1%
2014 32.4%
2013 33.7%
2012 34%
2011 33.3%
2010 32.3%
2009 31.9%
2008 28.8%
2007 27.8%
2006 28.8%
2005 29.5%
2004 29%
2003 28.6%
2002 26.8%
2001 27.3%
2000 23.7%
1999 13.7%
1998 15.1%
1997 16.6%
1996 15.9%
Taiwan Debt to GDP Ratio : Definition
Taiwan's government debt to GDP shows the ratio of its total government debt, both internal and external, to its gross domestic product. It's calculated by dividing total government debt by the GDP, then multiplying by 100 to express it as a percentage. A lower percentage suggests better fiscal health.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 15.7% 14% Dec'24
Interest Rate 2% 2% Sep'25