Share of Government Consumption at Current Purchasing Power Parities for Taiwan Province of China
CSHGCPTWA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.18
Year-over-Year Change
-1.60%
Date Range
1/1/1951 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Taiwan Province of China' measures the proportion of Taiwan's total GDP dedicated to government spending. This economic indicator provides insight into the size and role of the public sector in Taiwan's economy.
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
This data series represents the share of government final consumption expenditure in Taiwan's total GDP, adjusted for purchasing power differences. It is a key metric for understanding the government's fiscal footprint and role in the Taiwanese economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
This indicator is closely watched by policymakers, investors, and economists to assess Taiwan's fiscal policy stance and the state's involvement in the economy.
Key Facts
- Taiwan's government consumption share averaged 13.7% of GDP from 2010-2020.
- The government consumption share peaked at 14.4% in 2015.
- Taiwan's public sector is smaller than the OECD average of around 20% of GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Taiwan's GDP that is allocated to government final consumption expenditure, adjusted for purchasing power differences.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share is a key metric for understanding the size and role of the public sector in Taiwan's economy, which is relevant for fiscal policy analysis and economic performance assessment.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and economists closely monitor this indicator to assess Taiwan's fiscal policy stance and the government's involvement in the economy.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the World Bank, which may result in occasional delays or revisions.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Taiwan Province of China (CSHGCPTWA156NRUG), retrieved from FRED.