Real GDP at Constant National Prices for Taiwan Province of China
RGDPNATWA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,127,988.75
Year-over-Year Change
40.54%
Date Range
1/1/1951 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Taiwan Province of China' measures the inflation-adjusted total economic output of Taiwan's economy. This key indicator is widely used by economists and policymakers to assess Taiwan's macroeconomic performance and growth trajectory.
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 represents the real gross domestic product of Taiwan, adjusted for inflation using constant national prices. It provides a comprehensive measure of the overall size and growth of Taiwan's economy, which is crucial for evaluating economic policies and making informed investment decisions.
Methodology
The data is calculated by the Taiwanese government statistical agency based on surveys and administrative records.
Historical Context
Analysts and policymakers closely monitor Taiwan's real GDP to gauge the health of the Taiwanese economy and its competitiveness in global markets.
Key Facts
- Taiwan's real GDP grew by 3.4% in 2022.
- Taiwan is a major global exporter of high-tech electronics and machinery.
- The Taiwanese economy is closely integrated with China and other key Asian markets.
FAQs
Q: What does this economic trend measure?
A: This series measures the inflation-adjusted total output of goods and services produced within Taiwan's economy, providing a comprehensive gauge of the country's economic performance.
Q: Why is this trend relevant for users or analysts?
A: Taiwan's real GDP is a critical indicator for evaluating the overall health and growth trajectory of the Taiwanese economy, which is an important player in the global trade and technology supply chains.
Q: How is this data collected or calculated?
A: The data is compiled by the Taiwanese government's statistical agency based on surveys and administrative records of economic activity within the country.
Q: How is this trend used in economic policy?
A: Policymakers in Taiwan and international institutions closely monitor the country's real GDP growth to assess the effectiveness of economic policies, make informed decisions, and project future economic performance.
Q: Are there update delays or limitations?
A: The real GDP data for Taiwan is typically released on a quarterly basis with a short lag, providing timely information for analysts and policymakers.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Taiwan Province of China (RGDPNATWA666NRUG), retrieved from FRED.