Price Level of GDP, G-K method for Taiwan
PLOGDPTWA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.85
Year-over-Year Change
-9.80%
Date Range
1/1/1951 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Taiwan measures the price level of gross domestic product (GDP) in Taiwan using the Geary-Khamis method. This metric is crucial for economists and policymakers to understand the country's overall price dynamics and evaluate its economic performance.
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, G-K method for Taiwan is an index that represents the relative price level of the country's GDP compared to a reference base. The Geary-Khamis method is a widely used approach for calculating purchasing power parities, which allows for cross-country comparisons of real economic activity.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using national accounts data from Taiwan.
Historical Context
This trend is used by economists, analysts, and policymakers to assess Taiwan's economic competitiveness and inform decisions related to trade, investment, and macroeconomic policies.
Key Facts
- Taiwan's GDP price level was 66.31 in 2021.
- The price level has increased by 23.5% since 2010.
- Taiwan's GDP price level is lower than the U.S. and many other developed economies.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Taiwan measures the overall price level of the country's gross domestic product using the Geary-Khamis method, which allows for international comparisons of real economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for economists and policymakers to understand Taiwan's price dynamics and competitiveness compared to other countries, which can inform decisions related to trade, investment, and macroeconomic policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using national accounts data from Taiwan.
Q: How is this trend used in economic policy?
A: Economists, analysts, and policymakers use this trend to assess Taiwan's economic competitiveness and inform decisions related to trade, investment, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of national accounts data from Taiwan, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Taiwan (PLOGDPTWA621NUPN), retrieved from FRED.