Price Level of GDP, average of GEKS-CPDW for Taiwan
PL2GDPTWA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.43
Year-over-Year Change
-10.62%
Date Range
1/1/1951 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Taiwan measures changes in the general price level of goods and services produced within Taiwan's economy. This metric is important for economists and policymakers to understand the country's inflationary trends and international competitiveness.
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 Price Level of GDP represents the purchasing power of a country's currency relative to the U.S. dollar. It is calculated using the Geary-Khamis method, which adjusts for differences in price levels across economies. This data provides insight into Taiwan's cost of living and ability to export goods globally.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on Taiwan's national accounts.
Historical Context
Policymakers and market analysts use this metric to assess Taiwan's economic performance and international trade position.
Key Facts
- Taiwan's Price Level of GDP was 57.03 in 2021.
- This metric has increased by 14% since 2010.
- Taiwan's price level is approximately 57% of the U.S. level.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Taiwan measures the general price level of goods and services produced within Taiwan's economy relative to the U.S.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Taiwan's cost of living and international competitiveness, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on Taiwan's national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess Taiwan's economic performance and international trade position.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Taiwan (PL2GDPTWA621NUPN), retrieved from FRED.