Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Taiwan
RGDPCHTWA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,104.92
Year-over-Year Change
53.79%
Date Range
1/1/1951 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Taiwan measures the economic output per person in Taiwan, adjusted for differences in purchasing power across 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
This series provides a standardized measure of economic production and living standards in Taiwan relative to other nations. It is a key indicator used by economists and policymakers to analyze Taiwan's economic development and competitiveness.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This metric is widely referenced in international economic comparisons and policy discussions.
Key Facts
- Taiwan's GDP per capita was $57,785 in 2021.
- Taiwan's GDP per capita has grown by over 50% in the past 20 years.
- Taiwan ranks among the top 20 countries globally by this metric.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Taiwan divided by its population, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a standardized basis for comparing living standards and economic development between Taiwan and other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely referenced in international economic comparisons and policy discussions regarding Taiwan's economic competitiveness and growth.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this data due to the time required for collection and calculation.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Taiwan (RGDPCHTWA625NUPN), retrieved from FRED.