Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Taiwan
PGDPUSTWA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.35
Year-over-Year Change
11.87%
Date Range
1/1/1951 - 1/1/2010
Summary
This economic trend measures Taiwan's gross domestic product (GDP) per capita relative to the United States, adjusted for purchasing power parity. It provides insight into the comparative living standards and economic development between the two countries.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Purchasing Power Parity Converted GDP Per Capita Relative to the United States metric compares the economic output and prosperity of Taiwan to the US, accounting for differences in the cost of living. This is a valuable indicator for economists and policymakers analyzing cross-country growth and competitiveness.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (G-K) method to convert local currencies to a common unit.
Historical Context
This trend is widely used to assess global economic performance and living standards across nations.
Key Facts
- Taiwan's GDP per capita was 44.8% of the US level in 2021.
- The G-K method adjusts for differences in price levels between countries.
- Tracking this metric over time provides insight into Taiwan's economic convergence with the US.
FAQs
Q: What does this economic trend measure?
A: This trend measures Taiwan's gross domestic product (GDP) per capita relative to the United States, adjusted for differences in purchasing power between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the comparative living standards and economic development between Taiwan and the US, which is crucial for cross-country analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (G-K) method to convert local currencies to a common unit and adjust for differences in price levels between countries.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess global economic performance and living standards across nations, informing decisions on trade, investment, and development policies.
Q: Are there update delays or limitations?
A: The data is subject to occasional revisions and may have a delay of up to a year in publication, which should be considered when interpreting the most recent values.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Qatar
PGD2USQAA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Sri Lanka
PGD2USLKA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Croatia
PGDPUSHRA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Honduras
PGD2USHNA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Kyrgyzstan
PGDPUSKGA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Mongolia
PGDPUSMNA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Taiwan (PGDPUSTWA621NUPN), retrieved from FRED.