TAIPEI (Taiwan News) — Taiwan’s gross national wealth surpassed NT$330 trillion (US$10.42 trillion) in 2024, with a surging stock market driving a more than 21% jump in household securities holdings and lifting overall household net worth.
National wealth statistics represent a stock concept, referring to the accumulated value of wealth at a specific point in time, per CNA. Gross national wealth is the total value of all domestic non-financial assets held by all sectors, plus financial assets net of liabilities.
The Directorate-General of Budget, Accounting and Statistics said gross national wealth totaled NT$330.11 trillion at the end of 2024, up NT$10.23 trillion, or 3.2%, from a year earlier. Non-financial assets made up NT$279.18 trillion, or 84.57% of the total, with productive assets at NT$144.24 trillion, or 43.69%.
DGBAS Census Department Deputy Director Tan Wen-ling (譚文玲) said that booming demand for AI and emerging technologies has driven semiconductor firms and supply chains to expand advanced process and packaging capacity, CNA reported. This boosted growth in construction projects and machinery equipment.
Buildings and construction projects posted the largest increase, rising by NT$3.24 trillion, followed by machinery and equipment at NT$1.9 trillion. Net financial assets stood at NT$50.94 trillion, accounting for 15.43% of total wealth, down from 16.75% a year earlier.
Tan said that although domestic banks and investment funds increased overseas securities holdings, strong gains in Taiwan equities and active foreign investment pushed up the value of foreign-held shares. Since these holdings are recorded as financial liabilities, offsetting them against financial assets resulted in a net decline.
Taiwan’s benchmark stock index surpassed 20,000 points for the first time in 2024, rising 5,104.29 points over the year, the largest annual increase on record. “The stock market kept rising, and everyone felt it,” Tan said, adding that the gains were reflected in household wealth growth.
Household net worth reached NT$183.7 trillion at the end of 2024, up NT$12.58 trillion, or 7.35%, from a year earlier. Holdings of marketable securities totaled NT$37.28 trillion, the highest in five years, marking a 21.76% increase.
Real estate accounted for the largest share of household assets at NT$55.03 trillion, or 29.96% of net worth. Marketable securities followed at NT$37.28 trillion, or 20.30%, driven by strong demand for AI-related technologies that lifted tech stocks.
Tan said the NT$6.66 trillion increase in household securities holdings was a major driver of asset growth, according to CNA. Together, real estate and marketable securities accounted for more than half of household assets, underscoring their role as the main pillars of wealth in Taiwan.
Household liabilities reached NT$24.73 trillion, up NT$2.63 trillion, or 11.88%, from a year earlier. Loans totaled NT$23.91 trillion, with mortgages making up the bulk of household debt.
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