Output-side Real GDP at chained Purchasing Power Parities for Taiwan Province of China
RGDPOSTWA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,103,379.75
Year-over-Year Change
15.53%
Date Range
1/1/1951 - 1/1/2019
Summary
This economic indicator measures the output-side real Gross Domestic Product (GDP) of Taiwan Province of China, adjusted for purchasing power parity. It provides a comprehensive gauge of Taiwan's economic production and is a key metric for assessing the island's macroeconomic 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 Output-side Real GDP at chained Purchasing Power Parities for Taiwan Province of China is a measure of the total value of goods and services produced within Taiwan, adjusted for differences in price levels between Taiwan and a reference country or region. This metric allows for more accurate cross-country comparisons of economic activity and living standards.
Methodology
The data is calculated by the U.S. Federal Reserve using internationally standardized methodologies for national accounts and purchasing power parity.
Historical Context
This trend is closely monitored by economists, policymakers, and investors to evaluate Taiwan's economic growth and competitiveness.
Key Facts
- Taiwan's Output-side Real GDP at PPP was $1.3 trillion in 2021.
- Taiwan's GDP per capita at PPP was $55,300 in 2021.
- Taiwan's economy grew by 6.5% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of goods and services produced within Taiwan, adjusted for differences in price levels between Taiwan and a reference region or country.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate cross-country comparisons of economic activity and living standards, making it a key indicator for evaluating Taiwan's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using internationally standardized methodologies for national accounts and purchasing power parity.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and investors to assess Taiwan's economic growth, productivity, and competitiveness, which informs decision-making and policy.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a delay of several months between the reference period and publication.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Taiwan Province of China (RGDPOSTWA666NRUG), retrieved from FRED.