🇹🇼 TWN
Public Sector Debt · 2026
Total Debt
31.7%
of GDP
Global Rank
#167
of 192
S&P Rating
AA
Credit rating
SOE Debt
+10.8%
3 categories
Where the Debt Sits
Central Government
Energy SOEs
Central Government: 20.9%Energy SOEs: 9.9%Infrastructure: 0.5%Public Corps: 0.4%
Who Holds This Debt
Holder Breakdown
Domestic 92%
Domestic: 92%Foreign: 8%
Currency Denomination
Local 98%
Local currency: 98%Foreign currency: 2%
Full Debt Breakdown
Central Government20.9% of GDP
Central GovernmentIMF WEO — General Government Debt
20.9%Energy SOEs9.9% of GDP
Taipower (Taiwan Power Company)Focus Taiwan / Taipower financialsNT$2.14T debt. Massive losses from subsidized tariffs.
8.4%CPC Corporation (oil/gas)CPC Annual ReportState oil/gas company
1.5%Infrastructure SOEs0.5% of GDP
TRA / Taiwan RailwaysTaipei TimesCorporatized; debt transferred to govt
0.5%Public Corporations0.4% of GDP
Chunghwa PostChunghwa Post financialsState postal/financial services
0.4%Total Corporate Debt101.4% of GDP
NF corporate debt (est.)WB WDI 2020
101.4%Household Debt54.6% of GDP
Household debt (est.)WB WDI 2020
54.6%Unfunded Pension Liabilities50.0% of GDP
Labor Insurance + Public Service unfundedTaiwan Bureau of Labor Insurance actuarial; NTU WP 2023LI fund depletion ~2028. 2017 reform cut civil servant benefits.
50.0%State Bank Liabilities0.3% of GDP
Bank of Taiwan (partial)IMF estimatesPro-rata non-deposit borrowings
0.3%All Layers Total238.0%
Credit Ratings
S&P
AA
Moody's
Aa3
Fitch
AA
Data Sources
IMF WEO — General Government Debtgeneral_government · Updated semi_annual
Dec 202620.9% GDP
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