Taiwan's economy on track for 12% growth this year
Taiwan's government is projecting economic growth of up to 12% this year, a striking number for an advanced economy and good news for Taiwanese exporters and investors.
- Taiwan's stock market broke above 48,000 points, and the economy is now double the size it was in 2016.
- The AI boom is the engine — Taiwan sits at the center of the chip supply chain the world is building on.
- Tariffs and the reshuffling of global supply chains are the main risks, with the government pledging to help companies through both.
- The next goal is turning Taiwanese firms into brands the world trusts, not just contract manufacturers.
- Taiwan's global profile has risen so much that Thai travelers now say they get mistaken for Taiwanese — a reversal of the old confusion.
Outlook: Growth this strong is unlikely to repeat, so the question for next year is how much of the AI-driven surge Taiwan can hold onto once tariffs and supply-chain shifts bite.