Taiwan: Fiscal balance, percent of GDP

The latest value from 2023 is -0.6 percent, a decline from 0.2 percent in 2022. In comparison, the world average is -3.18 percent, based on data from 121 countries. Historically, the average for Taiwan from 1974 to 2023 is -1.35 percent. The minimum value, -7.5 percent, was reached in 1989 while the maximum of 4.5 percent was recorded in 1974. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.