Growing like ‘gangbusters’: Can Taiwan maintain its economic momentum?
Summary
Taiwan’s economy has grown rapidly because of high demand for its technology products, especially chips used in artificial intelligence (AI). The island’s stock market became the fifth largest in the world, and Taiwan has become a major source of imports for the United States. However, experts warn that challenges like political tension and population issues could affect Taiwan’s long-term growth.Key Facts
- Taiwan’s stock market is now the fifth largest globally by market value.
- Taiwan’s GDP grew by 8.63% in 2025, then rose 13.69% in the first quarter of 2026, and 12.92% in the second quarter.
- Taiwan supplies about 90% of advanced computer chips used for AI models.
- The US imported $201 billion worth of goods from Taiwan last year, almost double the amount from 2024.
- Taiwan is now the third-largest source of imports to the US, behind Mexico and Canada.
- The Trump administration made a deal for Taiwan to invest $500 billion in the US tech industry, supporting chip manufacturing on American soil.
- Under this deal, Taiwanese companies can import more products to the US with fewer tariffs, and Taiwan lowered tariffs on most US exports.
- Some experts warn that political issues with China and Taiwan’s changing population might slow future economic progress.
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